Wednesday January 22, 2025 Stocks Breaking Out Of A Base 200 Days Ago $VRT $COF $OKTA $HPE $AGNC $ORCL $SNOW $DKNG $NU $AMZN $FFTY $MRVL $SPY $META

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Rank Ticker Days Since Previous High
1 VRT 39
2 COF 34
3 OKTA ðŸš€ 30
4 HPE 29
5 AGNC 28
6 ORCL ðŸš€ 26
7 SNOW ðŸš€ 26
8 DKNG 24
9 NU 24
10 AMZN 23
11 FFTY 23
12 MRVL ðŸš€ 23
13 SPY 23
14 META 22
15 NTAP 22
16 CRWD 21
17 RBRK ðŸ“ˆ 21
18 MSFT 19
19 QQQ 16
20 AVGO 15
21 PANW 15
22 CORZ ðŸ“ˆ 11
23 AEO ðŸš€ 10
24 APP ðŸ“ˆ 10
25 ASML 10
26 BBAI ðŸš€ ðŸ“ˆ 10
27 NKE ðŸš€ 10
28 TQQQ 10
29 TSM 10
30 OKLO ðŸš€ ðŸ“ˆ 9
31 PLTR ðŸš€ ðŸ“ˆ 9
32 SERV ðŸš€ ðŸ“ˆ 9
33 AI ðŸš€ 8
34 AMD 8
35 DELL 8
36 NVDA 8
37 NVDL ðŸš€ ðŸ“ˆ 8
38 QBTS ðŸš€ ðŸ“ˆ 8
39 ACHR ðŸš€ ðŸ“ˆ 7
40 DAL 7
41 SMCI ðŸš€ ðŸ“ˆ 7
42 SQ 7
43 UAL ðŸš€ ðŸ“ˆ 7
Stocks Breaking Out Of A Base

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.