Monday January 27, 2025 Stocks Breaking Out Of A Base 137 Days Ago $AGNC $FAS $KO $T $JNJ $WMT $PINS $BABA $SNOW $SBUX $MDB $BIDU $NLY $XP

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Rank Ticker Days Since Previous High
1 AGNC 38
2 FAS 35
3 KO 35
4 T 35
5 JNJ 34
6 WMT 32
7 PINS 31
8 BABA 30
9 SNOW ðŸš€ 30
10 SBUX 29
11 MDB 26
12 BIDU 24
13 NLY 24
14 XP 24
15 CVNA 23
16 COST 22
17 CRM 22
18 YINN 19
19 GM 18
20 TLT 16
21 DIS 12
22 KHC 12
23 MCD 11
24 WBD ðŸš€ 11
25 ULTA 10
26 TGT 8
27 FDX 7
28 ZIM ðŸš€ 6
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.