Friday January 24, 2025 Stocks Breaking Out Of A Base 200 Days Ago $FAS $TAL $META $NU $SBUX $BABA $IREN $WMT $PANW $AVGO $EH $PLTR $TIGR $YINN

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Rank Ticker Days Since Previous High Name
1 FAS 31 Direxion Financial Bull 3X Shar
2 TAL ðŸš€ 30 TAL Education Group
3 META 28 Meta Platforms, Inc.
4 NU 27 Nu Holdings Ltd.
5 SBUX 27 Starbucks Corporation
6 BABA 26 Alibaba Group Holding Limited
7 IREN ðŸš€ ðŸ“ˆ 22 IREN LIMITED
8 WMT 22 Walmart Inc.
9 PANW 20 Palo Alto Networks, Inc.
10 AVGO 18 Broadcom Inc.
11 EH 17 EHang Holdings Limited
12 PLTR ðŸš€ ðŸ“ˆ 17 Palantir Technologies Inc.
13 TIGR ðŸš€ ðŸ“ˆ 17 UP Fintech Holding Limited
14 YINN ðŸ“ˆ 17 Direxion Daily FTSE China Bull
15 BA 15 Boeing Company (The)
16 VZ 13 Verizon Communications Inc.
17 BIDU 12 Baidu, Inc.
18 CRM 12 Salesforce, Inc.
19 GM ðŸš€ 12 General Motors Company
20 PINS 12 Pinterest, Inc.
21 T 12 AT&T Inc.
22 DIS 10 Walt Disney Company (The)
23 SHOP ðŸš€ 10 Shopify Inc.
24 SOUN ðŸš€ ðŸ“ˆ 10 SoundHound AI, Inc.
25 MCD 7 McDonald's Corporation
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.