Wednesday January 15, 2025 Stocks Breaking Out Of A Base 167 Days Ago $DVN $ET $JPM $COF $GUSH $WFC $BAC $CSCO $GS $ERX $NBIS $KNX $NEM $PBR

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Rank	Ticker	Days Since Previous High
1	DVN	31
2	ET	30
3	JPM	30
4	COF	28
5	GUSH	28
6	WFC	28
7	BAC	26
8	CSCO	26
9	GS	26
10	ERX	25
11	NBIS 🚀	24
12	KNX	20
13	NEM	20
14	PBR	20
15	HOOD	19
16	XOM	19
17	DKNG	18
18	FAS	17
19	USB	17
20	NAIL 🚀	16
21	DOW	11
22	TSLA	9
23	CVNA	8
24	AA	7
25	CCL	7
26	CME	7
27	KO	7
28	V	7
29	XP	7
30	CHWY	6
31	FDX	6
32	HPE	6
33	NTAP	6
34	PYPL	6
35	RIOT	6
36	TSLL 🚀	6
37	UTSL	6
38	VALE	6
39	AGNC	5
40	C	5
41	DRN	5
42	F	5
43	GLW	5
44	NU	5
45	QCOM	5
46	SPG	5
47	TLT	5
48	TMF	5
49	UPST 🚀	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.