Thursday January 30, 2025 Stocks Breaking Out Of A Base 134 Days Ago $FAS $KO $NU $XP $APP $BIDU $PDD $NLY $ROKU $DKNG $JNUG $VALE $GOLD $RBRK

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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 ðŸš€ 31
12 VALE 30
13 GOLD 29
14 RBRK 29
15 COST 27
16 NKE ðŸš€ 24
17 TMF 19
18 RETL 15
19 UAA 15
20 AFRM 14
21 CLF ðŸš€ 7
22 SIRI 7
23 PBR 6
24 PYPL 6
25 COF 5
26 DAL 5
27 NOK ðŸš€ 5
28 SQ 5
29 UAL ðŸš€ 5
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.