Rank | Ticker | Days Since Previous High |
---|---|---|
1 | NIO 🚀 | 38 |
2 | VTR | 37 |
3 | KVUE | 26 |
4 | TTD | 25 |
5 | GGLL | 22 |
6 | ABNB | 20 |
7 | AUR | 19 |
8 | RCAT 🚀 | 19 |
9 | LI | 18 |
10 | NEE | 18 |
11 | JNUG 🚀 | 14 |
12 | NEM | 14 |
13 | SMR | 12 |
14 | PLTR 🚀 | 11 |
15 | GE | 10 |
16 | OKLO 🚀 | 10 |
17 | PLTU 🚀 | 10 |
18 | PINS | 8 |
19 | NBIS 🚀 | 7 |
20 | AS | 6 |
21 | ASTS | 6 |
22 | IREN 🚀 | 6 |
23 | SNAP | 6 |
24 | TSLA | 6 |
25 | TSLL 🚀 | 6 |
26 | WDC | 6 |
27 | AU | 5 |
28 | CCJ | 5 |
29 | CIEN | 5 |
30 | GLW | 5 |
31 | KR | 5 |
32 | WPM | 5 |
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.