Stock Yards Bancorp Inc

The stock remains in a Stage 2 parabolic uptrend driven by aggressive demand, but with price extended well above the short EMAs and exhibiting extreme overbought readings, the Stable strategy recommends deferring execution until a pullback into the broken resistance zone around the 78–79 level or near the 9/21 EMAs for structurally preferred entry.

• ↑Projected Q2 EPS of $1.17 (+1.7% YoY) and revenue of $111.3M (+13.7% YoY).
• ↑Hovde Group upgraded SYBT to Outperform with an $82 price target.
• ↓P/E of 15.78× suggests shares trade at a premium valuation level.