CLS Forms Deep Base in Stage 2 Uptrend, Awaiting Breakout above 472.4

Posted on by Eben@CANSLIM Research
CLS daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

CLS is holding its Stage 2 advance above a rising 30-week moving average, though the current base is a deep 36.2% correction that historically carries an elevated failure rate. The pattern shows a 10-week consolidation with a pivot at 472.4, but no breakout has occurred yet. Overall sentiment is constructive, with the market awaiting confirmation of a move above the pivot to signal the next leg higher.

As of 2026-08-12 · Close $339.46

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 0.82%)

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