ELMD Should I Buy

BUY now for a beginner long-term investor. ELMD is in a clear bullish trend (stacked bullish moving averages + expanding positive MACD), just posted strong Q1 growth (revenue +15% YoY, EPS +56% YoY), and the sole recent analyst update maintained a Buy with a higher $36 target (meaningful upside from ~$29). Options positioning is notably call-heavy (very low put/call OI), which leans bullish sentiment. With no negative news flow and no concerning insider/hedge fund activity flagged, this setup is attractive to enter immediately rather than waiting for a “perfect” dip.

Trend/Momentum: Bullish. SMA_5 > SMA_20 > SMA_200 confirms an uptrend across short-, mid-, and long-term timeframes. MACD histogram is positive (0.0173) and expanding, supporting continued upward momentum. RSI_6 ~64.2 is neutral-to-slightly-warm (not screaming overbought), suggesting room for continuation. Key levels: Pivot ~28.276 is the key near-term support reference; S1 ~27.428 below that. Resistance sits near R1 ~29.124 (price ~29.09 is essentially testing this) and R2 ~29.648. A sustained move above ~29.12 increases odds of a push toward ~29.65. Pattern-based short-horizon read: Similar-pattern stats show a modest near-term bearish tilt (next month -3.53% on average), but this conflicts with the current trend indicators; for a long-term approach, the prevailing uptrend and fundamentals carry more weight. **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock today.