Rank | Ticker | Days Since Previous High |
---|---|---|
1 | FTNT | 43 |
2 | DOCS | 39 |
3 | CAVA | 32 |
4 | TEAM | 21 |
5 | DOCU | 20 |
6 | SBUX | 18 |
7 | Z | 18 |
8 | APP | 13 |
9 | FTI 🚀 | 13 |
10 | NTR | 13 |
11 | BTI | 11 |
12 | SU | 10 |
13 | QXO | 9 |
14 | CRDO | 8 |
15 | COIN | 7 |
16 | HIMS | 7 |
17 | VST | 7 |
18 | WBD 🚀 | 7 |
19 | AVGO | 6 |
20 | DB | 6 |
21 | MDB | 6 |
22 | MSFT | 6 |
23 | MSFU | 6 |
24 | PANW | 6 |
25 | PSTG | 6 |
26 | ACHR 🚀 | 5 |
27 | AMD | 5 |
28 | AMDL 🚀 | 5 |
29 | EXAS | 5 |
30 | MMM | 5 |
31 | NAIL 🚀 | 5 |
32 | NIO 🚀 | 5 |
33 | PHM | 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.