| Rank | Ticker | Days Since Previous High | Name |
|---|---|---|---|
| 1 | RCAT 🚀 📈 | 25 | Red Cat Holdings, Inc. |
| 2 | RBLX | 20 | Roblox Corporation |
| 3 | ROST | 16 | Ross Stores, Inc. |
| 4 | WMT | 16 | Walmart Inc. |
| 5 | UTSL | 12 | Direxion Daily Utilities Bull 3 |
| 6 | TLT | 9 | iShares 20+ Year Treasury Bond |
| 7 | TMF | 9 | Direxion Daily 20-Yr Treasury B |
| 8 | RETL | 7 | Direxion Daily Retail Bull 3X S |
| 9 | CVNA 📈 | 6 | Carvana Co. |
| 10 | AEO 🚀 | 5 | American Eagle Outfitters, Inc. |
| 11 | CORZ 📈 | 5 | Core Scientific, Inc. |
| 12 | DVN 🚀 | 5 | Devon Energy Corporation |
| 13 | RUN 🚀 📈 | 5 | Sunrun Inc. |
| 14 | UAA | 5 | Under Armour, 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.