Wabash National Corp

WNC is in a Stage 2 advancing uptrend marked by a steep parabolic acceleration, but it is currently extended and overbought on the short term. Execution should be deferred until price pulls back into the rising EMAs to offer a higher-probability entry. Medium-term bias remains bullish under the Stage 2 context, while long-term structural trend is down. Look for a pullback into the 9/21 EMA zone as the optimal engagement area under the Speculative strategy discipline.

• ↑Backlog rose 19% sequentially to $837M, indicating improving demand.
• ↑Parts & services segment revenue up 15% sequentially; H2 could exceed H1 by 20%.
• ↓Adjusted non-GAAP gross margin at -2.6% due to lower production volumes.