Rank | Ticker | Days Since Previous High |
---|---|---|
1 | NLY | 43 |
2 | QBTS 🚀 | 38 |
3 | BTDR 🚀 | 37 |
4 | IBN | 35 |
5 | MDB 🚀 | 28 |
6 | DJT 🚀 | 24 |
7 | GFI | 24 |
8 | AU | 23 |
9 | OKLO 🚀 | 22 |
10 | DRN | 17 |
11 | EVGO 🚀 | 17 |
12 | AEM | 16 |
13 | HDB | 16 |
14 | RIVN | 16 |
15 | TSLA | 16 |
16 | TSLL 🚀 | 16 |
17 | DB | 15 |
18 | NET | 13 |
19 | RKT | 12 |
20 | GM | 11 |
21 | GME 🚀 | 11 |
22 | NNOX | 11 |
23 | B | 9 |
24 | BAC | 9 |
25 | CCL | 9 |
26 | KGC | 9 |
27 | SOUN 🚀 | 9 |
28 | ULTA | 9 |
29 | CNM | 8 |
30 | DDOG | 8 |
31 | DOCU | 8 |
32 | SPG | 8 |
33 | VZ | 8 |
34 | AAPL | 7 |
35 | AAPU | 7 |
36 | FAS | 7 |
37 | NWG | 7 |
38 | PYPL | 7 |
39 | ROST | 7 |
40 | STM | 7 |
41 | AA | 6 |
42 | CLF 🚀 | 6 |
43 | CRWD | 6 |
44 | DECK 🚀 | 6 |
45 | DKNG | 6 |
46 | NKE 🚀 | 6 |
47 | NUE | 6 |
48 | NXPI | 6 |
49 | QCOM | 6 |
50 | T | 6 |
51 | TLT | 6 |
52 | TMF | 6 |
53 | VALE | 6 |
54 | ADM | 5 |
55 | BBWI | 5 |
56 | FCX | 5 |
57 | TECK | 5 |
58 | V | 5 |
59 | WMT | 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.