Rank | Ticker | Days Since Previous High |
---|---|---|
1 | FAS | 41 |
2 | KO | 40 |
3 | NU | 40 |
4 | XP | 39 |
5 | APP | 34 |
6 | BIDU | 34 |
7 | PDD | 34 |
8 | NLY | 33 |
9 | ROKU | 33 |
10 | DKNG | 32 |
11 | JNUG 🚀 | 31 |
12 | VALE | 30 |
13 | GOLD | 29 |
14 | RBRK | 29 |
15 | COST | 27 |
16 | NKE 🚀 | 24 |
17 | TMF | 19 |
18 | RETL | 15 |
19 | UAA | 15 |
20 | AFRM | 14 |
21 | CLF 🚀 | 7 |
22 | SIRI | 7 |
23 | PBR | 6 |
24 | PYPL | 6 |
25 | COF | 5 |
26 | DAL | 5 |
27 | NOK 🚀 | 5 |
28 | SQ | 5 |
29 | UAL 🚀 | 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.