| Rank | Ticker | Days Since Previous High | Name |
|---|---|---|---|
| 1 | ERX | 45 | Direxion Energy Bull 2X Shares |
| 2 | GME 🚀 📈 | 43 | GameStop Corporation |
| 3 | AMD | 23 | Advanced Micro Devices, Inc. |
| 4 | OXY | 22 | Occidental Petroleum Corporatio |
| 5 | GUSH | 21 | Direxion Daily S&P Oil & Gas Ex |
| 6 | RIVN 🚀 | 17 | Rivian Automotive, Inc. |
| 7 | C | 16 | Citigroup, Inc. |
| 8 | AMC 🚀 📈 | 15 | AMC Entertainment Holdings, Inc |
| 9 | FAS | 15 | Direxion Financial Bull 3X Shar |
| 10 | JPM | 15 | JP Morgan Chase & Co. |
| 11 | V | 13 | Visa Inc. |
| 12 | USB | 12 | U.S. Bancorp |
| 13 | WBD 🚀 | 12 | Warner Bros. Discovery, Inc. - |
| 14 | HON | 11 | Honeywell International Inc. |
| 15 | CSCO | 5 | Cisco Systems, Inc. |
| 16 | GOLD | 5 | Gold.com, Inc. |
| 17 | VZ | 5 | Verizon Communications Inc. |
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.