Rank | Ticker | Days Since Previous High |
---|---|---|
1 | MKC | 33 |
2 | TMF | 32 |
3 | ANET | 29 |
4 | SMCI 🚀 | 27 |
5 | UBER | 25 |
6 | MMM | 23 |
7 | NRG | 15 |
8 | CRBG | 12 |
9 | EH | 12 |
10 | FCX | 12 |
11 | GE | 12 |
12 | CORZ | 11 |
13 | DIS | 11 |
14 | USB | 11 |
15 | AA | 10 |
16 | AI 🚀 | 9 |
17 | LUNR 🚀 | 9 |
18 | MSTR | 9 |
19 | NNOX | 9 |
20 | RIOT | 9 |
21 | WULF 🚀 | 9 |
22 | HON | 7 |
23 | MUFG | 7 |
24 | NKE 🚀 | 7 |
25 | NLY | 7 |
26 | SERV 🚀 | 7 |
27 | TECK | 7 |
28 | QCOM | 6 |
29 | ROKU | 6 |
30 | TRGP | 6 |
31 | ABNB | 5 |
32 | AMZN | 5 |
33 | GME 🚀 | 5 |
34 | MRVL 🚀 | 5 |
35 | VALE | 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.