| Rank | Ticker | Days Since Previous High | Name |
|---|---|---|---|
| 1 | CVE | 30 | Cenovus Energy Inc |
| 2 | APP 📈 | 29 | Applovin Corporation |
| 3 | FANG | 25 | Diamondback Energy, Inc. |
| 4 | YPF | 24 | YPF Sociedad Anonima |
| 5 | PANW | 22 | Palo Alto Networks, Inc. |
| 6 | CRBG | 20 | None |
| 7 | CELH 🚀 | 19 | Celsius Holdings, Inc. |
| 8 | ET | 19 | Energy Transfer LP |
| 9 | TLT | 17 | iShares 20+ Year Treasury Bond |
| 10 | SPG | 16 | Simon Property Group, Inc. |
| 11 | MKC | 15 | None |
| 12 | PR | 14 | Permian Resources Corporation |
| 13 | CRM | 13 | Salesforce, Inc. |
| 14 | RBRK 🚀 📈 | 13 | Rubrik, Inc. |
| 15 | TMF | 13 | Direxion Daily 20-Yr Treasury B |
| 16 | CNQ | 12 | Canadian Natural Resources Limi |
| 17 | DVN 🚀 | 12 | Devon Energy Corporation |
| 18 | HAL | 12 | Halliburton Company |
| 19 | WYNN | 12 | Wynn Resorts, Limited |
| 20 | EOG | 11 | EOG Resources, Inc. |
| 21 | PBR | 11 | Petroleo Brasileiro S.A. Petrob |
| 22 | ERX | 10 | Direxion Energy Bull 2X Shares |
| 23 | PBR-A | 10 | Petroleo Brasileiro S.A. Petrob |
| 24 | MCD | 8 | McDonald's Corporation |
| 25 | ORCL 🚀 | 8 | Oracle Corporation |
| 26 | XOM | 8 | Exxon Mobil Corporation |
| 27 | EQNR | 7 | Equinor ASA |
| 28 | GUSH | 7 | Direxion Daily S&P Oil & Gas Ex |
| 29 | SOFI 📈 | 7 | SoFi Technologies, Inc. |
| 30 | FFTY | 6 | Innovator IBD 50 ETF |
| 31 | MP 📈 | 6 | MP Materials Corp. |
| 32 | NXPI | 6 | NXP Semiconductors N.V. |
| 33 | PINS | 6 | Pinterest, Inc. |
| 34 | MU 📈 | 5 | Micron Technology, Inc. |
| 35 | SOXL 🚀 📈 | 5 | Direxion Daily Semiconductor Bu |
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.