Friday June 6, 2025 Stocks Breaking Out Of A Base Forty-Six Days Ago $SBUX $UPST $ABNB $AFRM $RIG $UAL $CSCO $TER $GS $IWM $TNA $ANET $BAC $COF

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Rank Ticker Days Since Previous High
1 SBUX 40
2 UPST ðŸš€ 17
3 ABNB 16
4 AFRM 16
5 RIG 16
6 UAL ðŸš€ 16
7 CSCO 15
8 TER ðŸš€ 15
9 GS 14
10 IWM 14
11 TNA 14
12 ANET 13
13 BAC 13
14 COF 12
15 NNOX 12
16 QXO 12
17 FAS 11
18 ASML 8
19 DAL 8
20 AAL 7
21 CLSK 7
22 AA 6
23 GOOG 6
24 GOOGL 6
25 QCOM 6
26 SHOP ðŸš€ 6
27 BTDR ðŸš€ 5
28 COO 5
29 CRM 5
30 EVGO ðŸš€ 5
31 GGLL 5
32 JNJ 5
33 LUNR ðŸš€ 5
34 M 5
35 UAA 5
36 ZIM ðŸš€ 5
Stocks Breaking Out Of A Base

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.