Rank | Ticker | Days Since Previous High |
---|---|---|
1 | KR | 42 |
2 | TLT | 29 |
3 | TSCO | 28 |
4 | EXEL | 25 |
5 | FI | 22 |
6 | BBWI | 15 |
7 | ACI | 13 |
8 | TSLA | 13 |
9 | WMB | 13 |
10 | GEV | 12 |
11 | TSLL 🚀 | 12 |
12 | KGC | 11 |
13 | CME | 10 |
14 | CMG | 10 |
15 | GLW | 10 |
16 | WFC | 10 |
17 | RKLB 🚀 | 9 |
18 | GE | 7 |
19 | WMT | 7 |
20 | AAL | 6 |
21 | BLDR | 6 |
22 | CNM | 6 |
23 | DHI | 6 |
24 | MMM | 6 |
25 | PHM | 6 |
26 | TMF | 6 |
27 | COST | 5 |
28 | NAIL 🚀 | 5 |
29 | USB | 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.