Westamerica Bancorp

WABC executed a classic Blow-Off Top buying climax before plunging through the 9EMA, 21EMA, and 50DMA on high volume. This decisive breakdown invalidates the prior bullish medium-term structure, and short-term momentum confirms sustained bearish pressure. The medium-term bias flips to bearish, warranting immediate sell-side participation on continued weakness and rallies into broken support.

• ↑Q1 EPS of $1.13 beat $1.08 consensus, showing resilience
• ↑Q1 revenue of $62.08M surpassed $60.70M forecast by 2.2%
• ↓Q2 EPS forecast cut to $1.10 from $1.13, hinting at margin pressure