Rank | Ticker | Days Since Previous High |
---|---|---|
1 | TLT | 36 |
2 | DOCS | 32 |
3 | NU | 31 |
4 | PSTG | 29 |
5 | AAPL | 26 |
6 | CLSK | 25 |
7 | EH | 25 |
8 | SN | 25 |
9 | HPE | 17 |
10 | CRM | 15 |
11 | HON | 15 |
12 | AAPU | 14 |
13 | NBIS 🚀 | 14 |
14 | SOUN 🚀 | 14 |
15 | GOOGL | 13 |
16 | GRAB | 13 |
17 | IONQ 🚀 | 13 |
18 | STM | 12 |
19 | T | 12 |
20 | WULF 🚀 | 12 |
21 | CVNA | 11 |
22 | GME 🚀 | 11 |
23 | MARA 🚀 | 10 |
24 | SERV 🚀 | 10 |
25 | VZ | 10 |
26 | AMC 🚀 | 8 |
27 | GGLL | 8 |
28 | M | 8 |
29 | XP | 8 |
30 | MCD | 7 |
31 | CLF 🚀 | 6 |
32 | EOSE 🚀 | 6 |
33 | MDB | 6 |
34 | CME | 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.