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

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
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Rank Ticker Days Since Previous High Name
1 VRT 39 Vertiv Holdings, LLC
2 COF 34 Capital One Financial Corporati
3 OKTA ðŸš€ 30 Okta, Inc.
4 HPE 29 Hewlett Packard Enterprise Comp
5 AGNC 28 AGNC Investment Corp.
6 ORCL ðŸš€ 26 Oracle Corporation
7 SNOW 26 Snowflake Inc.
8 DKNG 24 DraftKings Inc.
9 NU 24 Nu Holdings Ltd.
10 AMZN 23 Amazon.com, Inc.
11 FFTY 23 Innovator IBD 50 ETF
12 MRVL 23 Marvell Technology, Inc.
13 SPY 23 State Street SPDR S&P 500 ETF T
14 META 22 Meta Platforms, Inc.
15 NTAP 22 NetApp, Inc.
16 CRWD 21 CrowdStrike Holdings, Inc.
17 RBRK ðŸš€ ðŸ“ˆ 21 Rubrik, Inc.
18 MSFT 19 Microsoft Corporation
19 QQQ 16 Invesco QQQ Trust, Series 1
20 AVGO 15 Broadcom Inc.
21 PANW 15 Palo Alto Networks, Inc.
22 CORZ ðŸ“ˆ 11 Core Scientific, Inc.
23 AEO ðŸš€ 10 American Eagle Outfitters, Inc.
24 APP ðŸ“ˆ 10 Applovin Corporation
25 ASML 10 ASML Holding N.V. - New York Re
26 BBAI ðŸš€ ðŸ“ˆ 10 BigBear.ai, Inc.
27 NKE ðŸš€ 10 Nike, Inc.
28 TQQQ 10 ProShares UltraPro QQQ
29 TSM 10 Taiwan Semiconductor Manufactur
30 OKLO ðŸš€ ðŸ“ˆ 9 Oklo Inc.
31 PLTR ðŸš€ ðŸ“ˆ 9 Palantir Technologies Inc.
32 SERV ðŸš€ ðŸ“ˆ 9 Serve Robotics Inc.
33 AI 8 C3.ai, Inc.
34 AMD 8 Advanced Micro Devices, Inc.
35 DELL 8 Dell Technologies Inc.
36 NVDA 8 NVIDIA Corporation
37 NVDL ðŸš€ ðŸ“ˆ 8 GraniteShares 2x Long NVDA Dail
38 QBTS ðŸš€ ðŸ“ˆ 8 D-Wave Quantum Inc.
39 ACHR ðŸ“ˆ 7 Archer Aviation Inc.
40 DAL 7 Delta Air Lines, Inc.
41 SMCI ðŸš€ ðŸ“ˆ 7 Super Micro Computer, Inc.
42 SQ 7 Block, Inc.
43 UAL ðŸš€ ðŸ“ˆ 7 United Airlines Holdings, Inc.
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.