Westwood Holdings Group Inc

Despite the Stage 2 advancing regime and a bullish medium-term bias supported by higher highs and bullish moving average alignment, the active bearish exhaustion pattern, extreme overbought conditions, and price extended above EMAs argue against initiating now. We will wait for a pullback into the 9/21EMA or 50-day MA support zone and signs of acceptance before engaging.

• ↑AUM rose to $18.3B from $17.4B, led by energy and real asset strategies
• ↑Institutional sales surged 36% YoY, driving robust net inflows
• ↓Q1 revenues fell to $25M from $27.1M; net income dropped to $0.8M