Rank | Ticker | Days Since Previous High |
---|---|---|
1 | ERX | 43 |
2 | F | 33 |
3 | MSTR | 25 |
4 | DVN | 21 |
5 | PBR | 19 |
6 | CART | 17 |
7 | APA | 16 |
8 | ULTA | 16 |
9 | CVNA | 15 |
10 | DJT 🚀 | 15 |
11 | TSLA | 15 |
12 | BTDR 🚀 | 14 |
13 | NFLX | 14 |
14 | NTAP | 14 |
15 | SYF | 14 |
16 | WFC | 14 |
17 | AMZN | 13 |
18 | COF | 13 |
19 | JPM | 13 |
20 | TSLL 🚀 | 13 |
21 | AEO 🚀 | 12 |
22 | AFRM | 12 |
23 | CRM | 12 |
24 | NET | 12 |
25 | PINS | 12 |
26 | QQQ | 12 |
27 | COIN | 11 |
28 | GGLL | 11 |
29 | GOOGL | 11 |
30 | SLB | 11 |
31 | T | 11 |
32 | U 🚀 | 11 |
33 | DIS | 10 |
34 | SIRI | 10 |
35 | ZI 🚀 | 10 |
36 | AAPL | 9 |
37 | AAPU | 9 |
38 | META | 9 |
39 | ROST | 9 |
40 | ADBE | 6 |
41 | BBAI 🚀 | 6 |
42 | SMCI 🚀 | 6 |
43 | SPG | 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.