| Rank | Ticker | Days Since Previous High | Name |
|---|---|---|---|
| 1 | AXP | 18 | American Express Company |
| 2 | ALLY | 15 | Ally Financial Inc. |
| 3 | IP | 10 | International Paper Company |
| 4 | WELL | 9 | Welltower Inc. |
| 5 | ZBH | 9 | Zimmer Biomet Holdings, Inc. |
| 6 | GM 🚀 | 8 | General Motors Company |
| 7 | LEN | 8 | Lennar Corporation |
| 8 | CPB | 7 | The Campbell's Company |
| 9 | W 📈 | 7 | Wayfair Inc. |
| 10 | EC | 6 | Ecopetrol S.A. |
| 11 | VZ | 5 | Verizon Communications Inc. |
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.