Rank | Ticker | Days Since Previous High |
---|---|---|
1 | RUN 🚀 📈 | 34 |
2 | NU | 27 |
3 | BA | 24 |
4 | ACHR 📈 | 22 |
5 | LUNR 🚀 📈 | 21 |
6 | NET | 21 |
7 | SERV 🚀 📈 | 21 |
8 | TSLA 📈 | 21 |
9 | QBTS 🚀 📈 | 18 |
10 | PTON 🚀 📈 | 17 |
11 | RIVN 📈 | 17 |
12 | GM | 16 |
13 | SIRI | 16 |
14 | TSLL 🚀 📈 | 16 |
15 | NLY | 15 |
16 | TIGR 🚀 📈 | 14 |
17 | AGNC | 13 |
18 | EH 📈 | 13 |
19 | APP 📈 | 12 |
20 | CLF 🚀 | 12 |
21 | ORCL 🚀 | 12 |
22 | ROKU | 12 |
23 | SMCI 🚀 📈 | 12 |
24 | SNAP | 12 |
25 | TMF | 12 |
26 | AMD | 9 |
27 | META | 9 |
28 | OKTA 🚀 | 9 |
29 | CSCO | 7 |
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.