Rank | Ticker | Days Since Previous High |
---|---|---|
1 | MSTR | 45 |
2 | NFLX | 45 |
3 | CHWY | 31 |
4 | BITX | 20 |
5 | DJT 🚀 | 19 |
6 | CLSK | 18 |
7 | NU | 17 |
8 | COIN | 16 |
9 | CONL 🚀 | 16 |
10 | BTDR 🚀 | 13 |
11 | KO | 12 |
12 | MCD | 12 |
13 | NIO 🚀 | 12 |
14 | NOK 🚀 | 12 |
15 | XP | 12 |
16 | U 🚀 | 8 |
17 | WULF 🚀 | 8 |
18 | CELH 🚀 | 7 |
19 | NKE 🚀 | 7 |
20 | TAL 🚀 | 7 |
21 | UPST 🚀 | 7 |
22 | AEO 🚀 | 5 |
23 | BABA | 5 |
24 | BBWI | 5 |
25 | DIS | 5 |
26 | FCX | 5 |
27 | IREN 🚀 | 5 |
28 | MARA 🚀 | 5 |
29 | PDD | 5 |
30 | RETL | 5 |
31 | SOFI | 5 |
32 | TGT | 5 |
33 | ULTA | 5 |
34 | VALE | 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.