Friday January 17, 2025 Stocks Breaking Out Of A Base 166 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 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 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.