Monday January 6, 2025 Stocks Breaking Out Of A Base 173 Days Ago $OKLO $SEDG $NVDA $NVDL $PTEN $OXY $LRCX $QCOM $VST $UBER $DELL $PCG $VRT $APP

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Rank	Ticker	Days Since Previous High
1	OKLO 🚀	45
2	SEDG 🚀	41
3	NVDA	28
4	NVDL 🚀	28
5	PTEN	26
6	OXY	23
7	LRCX	21
8	QCOM	21
9	VST	20
10	UBER	19
11	DELL	18
12	PCG	18
13	VRT	18
14	APP	17
15	C	17
16	ENPH	17
17	HPE	17
18	RUN 🚀	17
19	PINS	16
20	ROST	16
21	WFC	16
22	AAL	15
23	DVN	15
24	BAC	14
25	GUSH	14
26	SMCI 🚀	14
27	AMD	13
28	AMDL 🚀	13
29	COF	13
30	GS	13
31	KNX	13
32	RBLX	13
33	SOXL 🚀	13
34	GLW	12
35	HOOD	12
36	INTC 🚀	12
37	MRVL 🚀	12
38	NBIS 🚀	12
39	SBUX	12
40	SYF	12
41	AEO 🚀	11
42	APLD 🚀	11
43	ARM 🚀	11
44	ASML	11
45	CELH 🚀	11
46	CLF 🚀	11
47	CVX	11
48	GOOG	11
49	GOOGL	11
50	META	11
51	NOK 🚀	11
52	SNAP	11
53	EVGO 🚀	10
54	MDB 🚀	10
55	MSTR	10
56	OKTA 🚀	10
57	PDD	10
58	RIOT	10
59	SHOP 🚀	10
60	WBD 🚀	10
61	CLSK	9
62	ROKU	9
63	MU	8
64	SNOW	8
65	UAA	8
66	BITX	7
67	COIN	7
68	CONL 🚀	7
69	FCX	7
70	IREN 🚀	7
71	MARA	7
72	WULF 🚀	7
73	AFRM	6
74	AI 🚀	6
75	AMZN	6
76	BABA	6
77	CRWD	6
78	IONQ 🚀	6
79	IWM	6
80	NIO 🚀	6
81	NTAP	6
82	PYPL	6
83	RCAT 🚀	6
84	RDDT 🚀	6
85	RKLB	6
86	TNA	6
87	UAL 🚀	6
88	ACHR 🚀	5
89	BTDR 🚀	5
90	GME 🚀	5
91	QQQ	5
92	QS 🚀	5
93	SPY	5
94	TQQQ	5
95	USB	5
96	WMT	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.