Wednesday March 19, 2025 Stocks Breaking Out Of A Base 101 Days Ago $CVX $FCX $ERX $NU $CELH $AMDL $GUSH $ASML $EVGO $PTEN $AI $BA $PANW $VST

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Rank Ticker Days Since Previous High
1 CVX 41
2 FCX 40
3 ERX 18
4 NU 18
5 CELH ðŸš€ 16
6 AMDL ðŸš€ 15
7 GUSH 15
8 ASML 14
9 EVGO ðŸš€ 12
10 PTEN 12
11 AI ðŸš€ 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 ðŸš€ 7
26 EOSE ðŸš€ 7
27 F 7
28 JPM 7
29 OXY 6
30 SNAP 6
31 USB 6
32 V 6
33 WBD ðŸš€ 6
34 DAL 5
35 MCD 5
36 ROKU 5
37 SHOP ðŸš€ 5
38 SYF 5
39 UPST ðŸš€ 5
Stocks Breaking Out Of A Base

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.