Tuesday June 3, 2025 Stocks Breaking Out Of A Base 134 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 Name
1 PGR 41 Progressive Corporation (The)
2 GOLD 17 Gold.com, Inc.
3 MCHP 14 Microchip Technology Incorporat
4 ON 14 ON Semiconductor Corporation
5 PANW 14 Palo Alto Networks, Inc.
6 HIMS ðŸ“ˆ 13 Hims & Hers Health, Inc.
7 PINS 12 Pinterest, Inc.
8 RIG 12 Transocean Ltd (Switzerland)
9 UPST ðŸš€ ðŸ“ˆ 12 Upstart Holdings, Inc.
10 APA 11 APA Corporation
11 FERG 11 Ferguson Enterprises Inc.
12 MDB ðŸš€ 11 MongoDB, Inc.
13 BROS 10 Dutch Bros Inc.
14 C 10 Citigroup, Inc.
15 CSCO 10 Cisco Systems, Inc.
16 OXY 10 Occidental Petroleum Corporatio
17 SPY 10 SPDR S&P 500
18 CELH ðŸš€ 9 Celsius Holdings, Inc.
19 CLF ðŸš€ 9 Cleveland-Cliffs Inc.
20 DG 9 Dollar General Corporation
21 DOCU 9 DocuSign, Inc.
22 RCAT ðŸš€ ðŸ“ˆ 9 Red Cat Holdings, Inc.
23 AMD 8 Advanced Micro Devices, Inc.
24 AMDL ðŸš€ ðŸ“ˆ 8 GraniteShares 2x Long AMD Daily
25 BAC 8 Bank of America Corporation
26 COF 8 Capital One Financial Corporati
27 CORZ ðŸ“ˆ 8 Core Scientific, Inc.
28 DVN 8 Devon Energy Corporation
29 LI 8 Li Auto Inc.
30 NTAP 8 NetApp, Inc.
31 USB 8 U.S. Bancorp
32 UTSL 8 Direxion Daily Utilities Bull 3
33 WFC 8 Wells Fargo & Company
34 NNOX ðŸš€ ðŸ“ˆ 7 NANO-X IMAGING LTD
35 CCL 5 Carnival Corporation
36 MSTR ðŸ“ˆ 5 Strategy Inc
37 VG ðŸ“ˆ 5 Venture Global, Inc.
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.