Rank | Ticker | Days Since Previous High |
---|---|---|
1 | ENTG | 40 |
2 | CLF 🚀 | 39 |
3 | FDX | 35 |
4 | LYB | 35 |
5 | SN | 35 |
6 | KNX | 34 |
7 | VALE | 33 |
8 | AAPL | 32 |
9 | SW | 32 |
10 | AAPU | 30 |
11 | IP | 28 |
12 | MARA 🚀 | 27 |
13 | KHC | 23 |
14 | MOS | 19 |
15 | CART | 16 |
16 | GRAB | 16 |
17 | CVNA | 15 |
18 | GPC | 15 |
19 | STZ | 15 |
20 | AI 🚀 | 14 |
21 | QCOM | 14 |
22 | VZ | 13 |
23 | ROST | 12 |
24 | FSLR | 11 |
25 | RGTI 🚀 | 11 |
26 | BTDR 🚀 | 10 |
27 | NEE | 10 |
28 | ON | 10 |
29 | ADM | 9 |
30 | DOW | 8 |
31 | QUBT 🚀 | 8 |
32 | ACI | 6 |
33 | CNQ | 6 |
34 | CVX | 6 |
35 | EOG | 6 |
36 | EQNR | 6 |
37 | GUSH | 6 |
38 | OXY | 6 |
39 | PBR | 6 |
40 | RKT | 6 |
41 | XOM | 6 |
42 | BITX | 5 |
43 | NTR | 5 |
44 | QBTS 🚀 | 5 |
45 | SU | 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.