Friday January 17, 2025 Stocks Breaking Out Of A Base 158 Days Ago $SLB $COF $WFC $CVX $GLW $VRT $FAS $JD $XOM $PDD $SYF $AA $INTC $TAL

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Rank Ticker Days Since Previous High
1 SLB 33
2 COF 31
3 WFC 31
4 CVX 28
5 GLW 28
6 VRT 28
7 FAS 25
8 JD 24
9 XOM 24
10 PDD 23
11 SYF 23
12 AA 22
13 INTC ðŸš€ 21
14 TAL ðŸš€ 21
15 FCX 20
16 NET 20
17 PYPL 20
18 SNOW ðŸš€ 20
19 DOW 19
20 MSTR 19
21 OKTA ðŸš€ 19
22 RIOT 19
23 VALE 19
24 BITX 18
25 CLSK 18
26 COIN 18
27 AGNC 17
28 MARA ðŸš€ 17
29 NLY 17
30 CCL 15
31 SOFI 14
32 CME 13
33 DRN 13
34 F 13
35 UPST ðŸš€ 12
36 TSLL ðŸš€ 11
37 KO 10
38 V 10
39 ARM ðŸš€ 8
40 CONL ðŸš€ 8
41 FFTY 8
42 MRVL ðŸš€ 8
43 MSFT 8
44 ADBE 7
45 APP 7
46 BABA 7
47 BBAI ðŸš€ 7
48 BIDU 7
49 CORZ 7
50 CRWD 7
51 IREN ðŸš€ 7
52 IWM 7
53 MDB ðŸš€ 7
54 RBRK 7
55 SPY 7
56 TIGR ðŸš€ 7
57 WULF ðŸš€ 7
58 YINN 7
59 NIO ðŸš€ 6
60 RIVN 6
61 T 6
62 BP 5
63 GOOGL 5
64 KHC 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.