Rank | Ticker | Days Since Previous High |
---|---|---|
1 | SBUX | 40 |
2 | UPST 🚀 | 17 |
3 | ABNB | 16 |
4 | AFRM | 16 |
5 | RIG | 16 |
6 | UAL 🚀 | 16 |
7 | CSCO | 15 |
8 | TER 🚀 | 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 🚀 | 6 |
27 | BTDR 🚀 | 5 |
28 | COO | 5 |
29 | CRM | 5 |
30 | EVGO 🚀 | 5 |
31 | GGLL | 5 |
32 | JNJ | 5 |
33 | LUNR 🚀 | 5 |
34 | M | 5 |
35 | UAA | 5 |
36 | ZIM 🚀 | 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.