DRS Forms Cup with Handle, Bullish Stage 2 Uptrend Intact

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

DRS is consolidating in a 9-week Cup with Handle base, with the handle holding above the rising 30-week moving average. The stock remains in a Stage 2 advance, trading 40.7% above its 52-week low and just 8.2% off its high, with 7 of 8 trend-template checks passing. Overall sentiment is bullish, suggesting an offensive setup as price approaches the 49.11 pivot.

Technical Analysis

As of 2026-08-14 · Close $45.53

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 3.4%)

Detected Patterns — What the Market Is Watching

  • Cup with Handle — depth 17.6%, length 9 weeks, pivot $49.11. Base formed from 2026-06-11 (left-side high) to 2026-07-28, with the low of $40.87 set on 2026-06-29
  • Handle: formed from 2026-07-28 (high $49.11) to 2026-08-05 (low $44.53) — a 9.3% pullback

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