Friday February 7, 2025 Stocks Breaking Out Of A Base 184 Days Ago $UBER $AFRM $TIGR $UPST $SMCI $CLSK $C $FCX $FFTY $DELL $VRT $WULF $NVDA $NVDL

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Rank Ticker Days Since Previous High
1 UBER 45
2 AFRM ðŸ“ˆ 35
3 TIGR ðŸš€ ðŸ“ˆ 35
4 UPST ðŸš€ ðŸ“ˆ 27
5 SMCI ðŸš€ ðŸ“ˆ 21
6 CLSK ðŸ“ˆ 14
7 C 11
8 FCX 10
9 FFTY 10
10 DELL 9
11 VRT 9
12 WULF ðŸš€ ðŸ“ˆ 9
13 NVDA 8
14 NVDL ðŸš€ ðŸ“ˆ 8
15 TAL ðŸš€ 8
16 AAL 7
17 PANW 7
18 BABA 6
19 PINS 6
20 YINN ðŸ“ˆ 6
21 PDD 5
22 QQQ 5
23 RBRK ðŸ“ˆ 5
24 SERV ðŸš€ ðŸ“ˆ 5
25 TQQQ ðŸ“ˆ 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.