Tuesday June 3, 2025 Stocks Breaking Out Of A Base 122 Days Ago $PGR $GOLD $MCHP $ON $PANW $HIMS $PINS $RIG $UPST $APA $FERG $MDB $BROS $C

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Rank Ticker Days Since Previous High
1 PGR 41
2 GOLD 17
3 MCHP 14
4 ON 14
5 PANW 14
6 HIMS ðŸ“ˆ 13
7 PINS 12
8 RIG 12
9 UPST ðŸš€ ðŸ“ˆ 12
10 APA 11
11 FERG 11
12 MDB ðŸš€ 11
13 BROS 10
14 C 10
15 CSCO 10
16 OXY 10
17 SPY 10
18 CELH ðŸš€ 9
19 CLF ðŸš€ 9
20 DG 9
21 DOCU 9
22 RCAT ðŸš€ ðŸ“ˆ 9
23 AMD 8
24 AMDL ðŸš€ ðŸ“ˆ 8
25 BAC 8
26 COF 8
27 CORZ ðŸ“ˆ 8
28 DVN 8
29 LI 8
30 NTAP 8
31 USB 8
32 UTSL 8
33 WFC 8
34 NNOX ðŸš€ ðŸ“ˆ 7
35 CCL 5
36 MSTR ðŸ“ˆ 5
37 VG ðŸ“ˆ 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.