Wednesday January 22, 2025 Stocks Breaking Out Of A Base 140 Days Ago $VRT $COF $OKTA $HPE $AGNC $NFLX $ORCL $SNOW $DKNG $NU $AMZN $FFTY $MRVL $SPY

Check scan results for prior days 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 + Export Tickers
← Previous: Stocks closed lower on above average volume Stocks making new highs Next: Stocks making new lows →
Rank Ticker Days Since Previous High
1 VRT 39
2 COF 34
3 OKTA ðŸš€ 30
4 HPE 29
5 AGNC 28
6 NFLX 26
7 ORCL ðŸš€ 26
8 SNOW ðŸš€ 26
9 DKNG 24
10 NU 24
11 AMZN 23
12 FFTY 23
13 MRVL ðŸš€ 23
14 SPY 23
15 META 22
16 NTAP 22
17 CRWD 21
18 RBRK 21
19 MSFT 19
20 QQQ 16
21 AVGO 15
22 PANW 15
23 CORZ 11
24 AEO ðŸš€ 10
25 APP 10
26 ASML 10
27 BBAI ðŸš€ 10
28 NKE ðŸš€ 10
29 TQQQ 10
30 TSM 10
31 OKLO ðŸš€ 9
32 PLTR ðŸš€ 9
33 SERV ðŸš€ 9
34 AI ðŸš€ 8
35 AMD 8
36 DELL 8
37 NVDA 8
38 NVDL ðŸš€ 8
39 QBTS ðŸš€ 8
40 ACHR ðŸš€ 7
41 DAL 7
42 SMCI ðŸš€ 7
43 SQ 7
44 UAL ðŸš€ 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.