| Rank | Ticker | Days Since Previous High |
|---|---|---|
| 1 | CVE | 30 |
| 2 | APP 📈 | 29 |
| 3 | FANG | 25 |
| 4 | YPF | 24 |
| 5 | PANW | 22 |
| 6 | CRBG | 20 |
| 7 | CELH 🚀 | 19 |
| 8 | ET | 19 |
| 9 | TLT | 17 |
| 10 | SPG | 16 |
| 11 | MKC | 15 |
| 12 | PR | 14 |
| 13 | CRM | 13 |
| 14 | RBRK 📈 | 13 |
| 15 | TMF | 13 |
| 16 | CNQ | 12 |
| 17 | DVN | 12 |
| 18 | HAL | 12 |
| 19 | WYNN | 12 |
| 20 | EOG | 11 |
| 21 | PBR | 11 |
| 22 | ERX | 10 |
| 23 | PBR-A | 10 |
| 24 | MCD | 8 |
| 25 | ORCL 🚀 | 8 |
| 26 | XOM | 8 |
| 27 | EQNR | 7 |
| 28 | GUSH | 7 |
| 29 | SOFI 📈 | 7 |
| 30 | FFTY | 6 |
| 31 | MP 📈 | 6 |
| 32 | NXPI | 6 |
| 33 | PINS | 6 |
| 34 | MU | 5 |
| 35 | SOXL 🚀 📈 | 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.