Tuesday January 21, 2025 Stocks Breaking Out Of A Base 157 Days Ago $QCOM $VRT $WFC $NEM $INTC $SYF $UTSL $XPEV $JD $AA $JNJ $DOW $ARM $F

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Rank Ticker Days Since Previous High
1 QCOM 45
2 VRT 37
3 WFC 35
4 NEM 34
5 INTC ðŸš€ 29
6 SYF 27
7 UTSL 27
8 XPEV ðŸš€ 27
9 JD 26
10 AA 25
11 JNJ 25
12 DOW 24
13 ARM ðŸš€ 23
14 F 23
15 JNUG ðŸš€ 23
16 SBUX 23
17 SNOW ðŸš€ 22
18 AGNC 21
19 GOOG 21
20 GOOGL 21
21 ORCL ðŸš€ 21
22 AMZN 20
23 MDB ðŸš€ 20
24 NTAP 20
25 NU 20
26 SOFI 20
27 V 20
28 CONL ðŸš€ 19
29 KO 19
30 WMT 18
31 CCL 17
32 FFTY 15
33 SPY 15
34 COST 14
35 NFLX 13
36 RBRK 13
37 PANW 12
38 TLT 11
39 TMF 10
40 ADBE 9
41 AVGO 9
42 IWM 9
43 LUNR ðŸš€ 9
44 RDDT ðŸš€ 9
45 RKLB ðŸš€ 9
46 TNA 9
47 YINN 9
48 BA 8
49 EH 8
50 GM 8
51 MU 8
52 SOXL ðŸš€ 8
53 OKLO ðŸš€ 7
54 PINS 7
55 RGTI ðŸš€ 7
56 SIRI 7
57 VZ 7
58 AI ðŸš€ 6
59 NVDA 6
60 ROKU 6
61 AEO ðŸš€ 5
62 NKE 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.