Rank | Ticker | Days Since Previous High |
---|---|---|
1 | SMCI 🚀 | 45 |
2 | GPC | 44 |
3 | QQQ | 39 |
4 | VZ | 39 |
5 | TQQQ | 33 |
6 | SEDG 🚀 | 21 |
7 | AMC 🚀 | 18 |
8 | RIVN | 18 |
9 | FCX | 17 |
10 | DELL | 15 |
11 | GME 🚀 | 15 |
12 | NBIS 🚀 | 15 |
13 | SPY | 15 |
14 | UTSL | 15 |
15 | DOW | 11 |
16 | PBR | 9 |
17 | SOFI | 9 |
18 | NIO 🚀 | 8 |
19 | CELH 🚀 | 7 |
20 | MSTR | 6 |
21 | MU | 6 |
22 | QBTS 🚀 | 6 |
23 | C | 5 |
24 | HPE | 5 |
25 | JPM | 5 |
26 | RIOT | 5 |
27 | USB | 5 |
28 | VALE | 5 |
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.