Thursday February 6, 2025 Stocks Breaking Out Of A Base 147 Days Ago $BAC $JNJ $CVNA $SIRI $VALE $SPG $TIGR $MCD $PTON $ZIM $ACI $BP $AI $TNA

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Rank Ticker Days Since Previous High
1 BAC 44
2 JNJ 43
3 CVNA 41
4 SIRI 37
5 VALE 36
6 SPG 32
7 TIGR ðŸš€ 28
8 MCD 26
9 PTON ðŸš€ 22
10 ZIM ðŸš€ 16
11 ACI 14
12 BP 13
13 AI ðŸš€ 9
14 TNA 9
15 AA 8
16 FCX 8
17 IREN ðŸš€ 8
18 MU 8
19 GPC 7
20 PTEN 7
21 XOM 7
22 BA 6
23 CART 5
24 DJT ðŸš€ 5
25 ERX 5
26 FAS 5
27 TAL ðŸš€ 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.