Rank | Ticker | Days Since Previous High |
---|---|---|
1 | AAPL | 43 |
2 | CLF 🚀 | 41 |
3 | FSLR | 32 |
4 | IP | 30 |
5 | BBWI | 29 |
6 | FTNT | 26 |
7 | CDNS | 25 |
8 | ULTA | 22 |
9 | U 🚀 | 19 |
10 | CART | 18 |
11 | DOCU | 16 |
12 | TEAM | 16 |
13 | BA | 15 |
14 | SHOP 🚀 | 15 |
15 | BBY | 14 |
16 | BTDR 🚀 | 14 |
17 | RGTI 🚀 | 14 |
18 | RUN 🚀 | 13 |
19 | SEDG 🚀 | 13 |
20 | AGNC | 12 |
21 | BITX | 12 |
22 | QBTS 🚀 | 12 |
23 | DJT 🚀 | 11 |
24 | VLO | 11 |
25 | DT | 10 |
26 | V | 10 |
27 | B | 8 |
28 | DAL | 7 |
29 | EXEL | 7 |
30 | CF | 6 |
31 | FI | 6 |
32 | COHR | 5 |
33 | ENPH | 5 |
34 | PAAS | 5 |
35 | XPEV 🚀 | 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.