| Rank | Ticker | Days Since Previous High | Name |
|---|---|---|---|
| 1 | EVGO 🚀 📈 | 30 | EVgo Inc. |
| 2 | OKTA 🚀 | 30 | Okta, Inc. |
| 3 | F | 27 | Ford Motor Company |
| 4 | FCX | 23 | Freeport-McMoRan, Inc. |
| 5 | SEDG 🚀 📈 | 20 | SolarEdge Technologies, Inc. |
| 6 | RIG | 18 | Transocean Ltd (Switzerland) |
| 7 | VZ | 11 | Verizon Communications Inc. |
| 8 | JNUG 🚀 📈 | 8 | Direxion Daily Junior Gold Mine |
| 9 | BIDU | 7 | Baidu, Inc. |
| 10 | NEM | 7 | Newmont Corporation |
| 11 | GOLD | 5 | Gold.com, Inc. |
| 12 | TAL 🚀 | 5 | TAL Education Group |
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.