$EXLS Bullish Parallel Uptrend Break

EXLS Bullish to bearish reversal. Parallel Uptrend Break and reported earnings miss. All the elements of a top. ExlService Holdings, Inc. (EXLS) reported earnings on July 27, 2023, and the stock sold off after the announcement. The company reported earnings per share of $1.46, which was ahead of analyst expectations of $1.35. However, revenue of $405.0 million was below analyst expectations of $410.0 million.

There are a few reasons why the stock sold off after the earnings announcement. First, the revenue miss was a bit of a surprise. Second, the company's guidance for the third quarter was below analyst expectations. Third, the overall market was down on the day, which may have also contributed to the sell-off.