Rank | Ticker | Days Since Previous High |
---|---|---|
1 | CVX | 41 |
2 | FCX | 40 |
3 | ERX | 18 |
4 | NU | 18 |
5 | CELH 🚀 | 16 |
6 | AMDL 🚀 | 15 |
7 | GUSH | 15 |
8 | ASML | 14 |
9 | EVGO 🚀 | 12 |
10 | PTEN | 12 |
11 | AI 🚀 | 11 |
12 | BA | 11 |
13 | PANW | 11 |
14 | VST | 11 |
15 | BAC | 9 |
16 | CRWD | 9 |
17 | FFTY | 9 |
18 | C | 8 |
19 | FAS | 8 |
20 | IWM | 8 |
21 | NTAP | 8 |
22 | SOFI | 8 |
23 | TNA | 8 |
24 | WFC | 8 |
25 | DJT 🚀 | 7 |
26 | EOSE 🚀 | 7 |
27 | F | 7 |
28 | JPM | 7 |
29 | OXY | 6 |
30 | SNAP | 6 |
31 | USB | 6 |
32 | V | 6 |
33 | WBD 🚀 | 6 |
34 | DAL | 5 |
35 | MCD | 5 |
36 | ROKU | 5 |
37 | SHOP 🚀 | 5 |
38 | SYF | 5 |
39 | UPST 🚀 | 5 |
In stock trading, a "consolidation" period is a phase where a stock's price trades within a narrow range, often with decreasing volume. This represents a period of market indecision, where buyers and sellers are in a relative balance. The "good" thing about a stock breaking higher out of this consolidation is that it can signal the start of a new, powerful uptrend. A breakout to the upside suggests that buyers have finally overwhelmed sellers, and the accumulated energy from the consolidation period is being released in a bullish direction. This is often accompanied by a significant increase in trading volume, which confirms the conviction of the move. The longer and tighter the consolidation, the more significant the potential breakout. For traders, a breakout from consolidation can provide a low-risk, high-reward entry point. The resistance level that defined the top of the consolidation range now becomes a new support level. This provides a clear area for traders to place a stop-loss order, helping to manage risk. The potential for a strong, sustained move higher makes this a favorite strategy for identifying new momentum plays.