Rank | Ticker | Days Since Previous High |
---|---|---|
1 | TLT | 34 |
2 | HLT | 32 |
3 | ENTG | 31 |
4 | INTC | 31 |
5 | FAS | 27 |
6 | SN | 22 |
7 | NRG | 17 |
8 | MUFG | 16 |
9 | GE | 14 |
10 | AEG | 13 |
11 | CNM | 13 |
12 | HON | 13 |
13 | MSTR | 13 |
14 | AMZN | 11 |
15 | AMZU | 11 |
16 | AS | 11 |
17 | EXAS | 11 |
18 | IWM | 11 |
19 | NKE 🚀 | 11 |
20 | NLY | 11 |
21 | RIOT | 11 |
22 | SPG | 11 |
23 | TNA | 11 |
24 | UAA | 11 |
25 | BA | 10 |
26 | COO | 10 |
27 | GM | 10 |
28 | JHX | 10 |
29 | QCOM | 10 |
30 | SNAP | 10 |
31 | SONY | 10 |
32 | STLA | 10 |
33 | TGT | 10 |
34 | DOCU | 8 |
35 | UTSL | 8 |
36 | APTV | 7 |
37 | ET | 7 |
38 | GOOG | 7 |
39 | GOOGL | 7 |
40 | GRAB | 7 |
41 | KO | 7 |
42 | PTON 🚀 | 7 |
43 | GGLL | 6 |
44 | M | 6 |
45 | APLD 🚀 | 5 |
46 | CAH | 5 |
47 | LYB | 5 |
48 | ROST | 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.