Rank | Ticker | Days Since Previous High |
---|---|---|
1 | EH | 45 |
2 | GPC | 44 |
3 | OMC | 41 |
4 | AEM | 31 |
5 | WPM | 31 |
6 | MDB 🚀 | 30 |
7 | DJT 🚀 | 26 |
8 | AU | 25 |
9 | B | 24 |
10 | JNUG 🚀 | 22 |
11 | DRN | 19 |
12 | KR | 18 |
13 | GME 🚀 | 14 |
14 | ROST | 13 |
15 | ILMN | 12 |
16 | VALE | 12 |
17 | SPG | 10 |
18 | VZ | 10 |
19 | DECK 🚀 | 9 |
20 | PCG | 9 |
21 | AA | 8 |
22 | ADBE | 8 |
23 | BF-B | 8 |
24 | DHI | 8 |
25 | LEN | 8 |
26 | M 🚀 | 8 |
27 | NAIL 🚀 | 8 |
28 | NKE 🚀 | 8 |
29 | PHM | 8 |
30 | RETL | 8 |
31 | SBUX | 8 |
32 | TGT | 8 |
33 | YUMC | 8 |
34 | ADM | 7 |
35 | AGNC | 7 |
36 | BBWI | 7 |
37 | LYB | 7 |
38 | MKC | 7 |
39 | MUFG | 7 |
40 | PCAR | 7 |
41 | RIG | 7 |
42 | TEAM | 7 |
43 | UPST 🚀 | 7 |
44 | V | 7 |
45 | DOW | 6 |
46 | ENPH | 6 |
47 | KVUE | 6 |
48 | NEM | 6 |
49 | SYF | 6 |
50 | IP | 5 |
51 | JHX | 5 |
52 | PAAS | 5 |
53 | PTON 🚀 | 5 |
54 | SWK | 5 |
55 | TSCO | 5 |
56 | Z | 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.