JBL Forms Cup with Handle, Breakout Attempt at 370.28 Pivot

Posted on by Eben@CANSLIM Research
JBL 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

JBL is advancing within a Stage 2 uptrend, holding above a rising 30-week moving average. The stock has formed a 9-week Cup with Handle base, with a breakout attempt currently underway at the 370.28 pivot.

While the breakout lacks volume confirmation, the overall setup remains bullish, supported by a strong trend template and a recent bull flag. The market is focused on whether volume can confirm the breakout to trigger further upside.

Technical Analysis

As of 2026-08-17 · Close $369.89

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 5.66%)

Detected Patterns — What the Market Is Watching

  • Cup with Handle — depth 25.5%, length 9 weeks, pivot $370.28. Base formed from 2026-06-15 (left-side high) to 2026-08-13, with the low of $287.08 set on 2026-07-29
  • Handle: formed from 2026-08-13 (high $370.28) to 2026-08-14 (low $363.1) — a 1.9% pullback
  • Price contractions present (16.7% → 10.8%) but 20-day volume is still 79.9% of the 50-day average — needs ≤60% to qualify as a confirmed VCP
  • Breakout attempt (volume unconfirmed) above $370.28 on 0.36x average volume
  • Bull Flag after a 21.6% run, currently 0.1% off the flag high

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