Rank | Ticker | Days Since Previous High |
---|---|---|
1 | GME 🚀 | 20 |
2 | LUNR 🚀 | 18 |
3 | OKLO 🚀 | 18 |
4 | RKLB | 17 |
5 | BBAI 🚀 | 12 |
6 | CSCO | 12 |
7 | EH | 12 |
8 | M 🚀 | 12 |
9 | RDDT 🚀 | 12 |
10 | GM | 11 |
11 | XPEV 🚀 | 11 |
12 | NIO 🚀 | 10 |
13 | OXY | 10 |
14 | MMM | 9 |
15 | JPM | 8 |
16 | PTEN | 8 |
17 | HPE | 7 |
18 | ROST | 7 |
19 | AVGO | 6 |
20 | BTDR 🚀 | 6 |
21 | SERV 🚀 | 6 |
22 | BABA | 5 |
23 | C | 5 |
24 | COF | 5 |
25 | F | 5 |
26 | INTC 🚀 | 5 |
27 | NNOX | 5 |
28 | QS 🚀 | 5 |
29 | RGTI 🚀 | 5 |
30 | SOUN 🚀 | 5 |
31 | TGT | 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.