Rank | Ticker | Days Since Previous High |
---|---|---|
1 | INTC | 27 |
2 | ENTG | 26 |
3 | FDX | 25 |
4 | NU | 25 |
5 | F | 23 |
6 | FAS | 23 |
7 | DB | 22 |
8 | TAL 🚀 | 22 |
9 | UBER | 22 |
10 | BBAI 🚀 | 18 |
11 | MMM | 16 |
12 | SN | 16 |
13 | GEV | 14 |
14 | AVGO | 13 |
15 | CMG | 12 |
16 | NFLX | 12 |
17 | WMT | 11 |
18 | CCL | 10 |
19 | DOCS | 10 |
20 | AFRM | 8 |
21 | ASML | 8 |
22 | BLDR | 8 |
23 | CART | 8 |
24 | CNM | 8 |
25 | COF | 8 |
26 | COST | 8 |
27 | DHI | 8 |
28 | MCHP | 8 |
29 | META | 8 |
30 | PDD | 8 |
31 | PINS | 8 |
32 | QQQ | 8 |
33 | SOUN 🚀 | 8 |
34 | SOXL 🚀 | 8 |
35 | SPY | 8 |
36 | TER 🚀 | 8 |
37 | TQQQ | 8 |
38 | UPST 🚀 | 8 |
39 | IWM | 7 |
40 | NAIL 🚀 | 7 |
41 | NBIS 🚀 | 7 |
42 | NXPI | 7 |
43 | RETL | 7 |
44 | SHOP 🚀 | 7 |
45 | SIRI | 7 |
46 | STM | 7 |
47 | TNA | 7 |
48 | USB | 7 |
49 | AEO 🚀 | 6 |
50 | CLSK | 6 |
51 | GPC | 6 |
52 | YMM | 6 |
53 | BABA | 5 |
54 | CCJ | 5 |
55 | DAL | 5 |
56 | NVDL 🚀 | 5 |
57 | PYPL | 5 |
58 | SPG | 5 |
59 | TGT | 5 |
60 | TSM | 5 |
61 | UAL 🚀 | 5 |
62 | YINN | 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.