Friday February 7, 2025 Stocks Breaking Out Of A Base 129 Days Ago $UBER $CME $AFRM $TIGR $UPST $SMCI $ACI $CLSK $C $FCX $FFTY $DELL $VRT $WULF

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Rank Ticker Days Since Previous High
1 UBER 45
2 CME 41
3 AFRM 35
4 TIGR ðŸš€ 35
5 UPST ðŸš€ 27
6 SMCI ðŸš€ 21
7 ACI 17
8 CLSK 14
9 C 11
10 FCX 10
11 FFTY 10
12 DELL 9
13 VRT 9
14 WULF ðŸš€ 9
15 NVDA 8
16 NVDL ðŸš€ 8
17 TAL ðŸš€ 8
18 AAL 7
19 PANW 7
20 BABA 6
21 PINS 6
22 YINN 6
23 PDD 5
24 QQQ 5
25 RBRK 5
26 SERV ðŸš€ 5
27 TQQQ 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.