Rank | Ticker | Days Since Previous High |
---|---|---|
1 | RCAT 🚀 | 32 |
2 | RKLB 🚀 | 25 |
3 | ROST | 23 |
4 | WMT | 22 |
5 | AVGO | 9 |
6 | MSFT | 9 |
7 | NVDA | 9 |
8 | RGTI 🚀 | 9 |
9 | SMCI 🚀 | 9 |
10 | AAL | 8 |
11 | ASML | 8 |
12 | LUNR 🚀 | 8 |
13 | MSFU | 8 |
14 | NU | 8 |
15 | OKLO 🚀 | 8 |
16 | PLTR 🚀 | 8 |
17 | PLTU 🚀 | 8 |
18 | DAL | 7 |
19 | ACHR 🚀 | 5 |
20 | CELH 🚀 | 5 |
21 | CRWD | 5 |
22 | DJT 🚀 | 5 |
23 | GOOG | 5 |
24 | GOOGL | 5 |
25 | IONQ 🚀 | 5 |
26 | MARA 🚀 | 5 |
27 | NFLX | 5 |
28 | NVDL 🚀 | 5 |
29 | RDDT 🚀 | 5 |
30 | UAL 🚀 | 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.