Monday June 2, 2025 Stocks Breaking Out Of A Base 135 Days Ago $LMND $AU $GFI $JNUG $WPM $AEM $NEM $NUE $WMT $AGI $B $KGC $META $PLTR

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Rank Ticker Days Since Previous High Name
1 LMND ðŸš€ ðŸ“ˆ 45 Lemonade, Inc.
2 AU 31 AngloGold Ashanti PLC
3 GFI 29 Gold Fields Limited
4 JNUG ðŸš€ ðŸ“ˆ 29 Direxion Daily Junior Gold Mine
5 WPM 29 Wheaton Precious Metals Corp
6 AEM 26 Agnico Eagle Mines Limited
7 NEM 26 Newmont Corporation
8 NUE 20 Nucor Corporation
9 WMT 19 WALMART INC
10 AGI 18 Alamos Gold Inc.
11 B 17 Barrick Mining Corporation
12 KGC 16 Kinross Gold Corporation
13 META 12 Meta Platforms, Inc.
14 PLTR ðŸš€ ðŸ“ˆ 12 Palantir Technologies Inc.
15 PLTU ðŸš€ ðŸ“ˆ 12 Direxion Daily PLTR Bull 2X Sha
16 DIS 10 Walt Disney Company (The)
17 BP 9 BP p.l.c.
18 PANW 8 Palo Alto Networks, Inc.
19 SOFI ðŸ“ˆ 8 SoFi Technologies, Inc.
20 CLF ðŸš€ 7 Cleveland-Cliffs Inc.
21 PGR 7 Progressive Corporation (The)
22 MDB ðŸš€ 6 MongoDB, Inc.
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.