Rank | Ticker | Days Since Previous High |
---|---|---|
1 | CONL 🚀 | 45 |
2 | NVDL 🚀 | 40 |
3 | ARM 🚀 | 35 |
4 | OKLO 🚀 | 35 |
5 | AMZU | 34 |
6 | BBAI 🚀 | 34 |
7 | CRM | 34 |
8 | TQQQ | 34 |
9 | MU | 33 |
10 | USB | 33 |
11 | WFC | 33 |
12 | MDB | 32 |
13 | MRVL 🚀 | 32 |
14 | NNOX | 32 |
15 | SOXL 🚀 | 32 |
16 | AMDL 🚀 | 31 |
17 | CSCO | 29 |
18 | ZI 🚀 | 29 |
19 | ERX | 26 |
20 | RCAT 🚀 | 20 |
21 | SBUX | 20 |
22 | JD | 19 |
23 | VALE | 13 |
24 | SMCI 🚀 | 11 |
25 | AGNC | 10 |
26 | SNAP | 10 |
27 | GME 🚀 | 8 |
28 | ROKU | 8 |
29 | ACHR 🚀 | 7 |
30 | COST | 7 |
31 | NLY | 7 |
32 | PLTR 🚀 | 6 |
33 | PLTU 🚀 | 6 |
34 | CRWD | 5 |
35 | RDDT 🚀 | 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.