Now that you have learned about the cup with handle and some other bases in Investor's Corner columns, it's time for the double bottom. The depth and length of the double bottom are similar to those of the cup formation. If it does not, the weaker investors may not get shaken out, and you will be left with a more failure-prone "almost" double bottom formation.
The IBD Computer Software-Security group ranks No. 46 out of 197 industry groups. Palo Alto Networks and CyberArk trade near entry points.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. IBD suggests five top-performing stocks here to buy or put on a watchlist.