Rank | Ticker | Days Since Previous High |
---|---|---|
1 | AEO | 45 |
2 | EOSE 🚀 | 41 |
3 | MDB | 33 |
4 | TMUS | 32 |
5 | ABNB | 31 |
6 | OKLO 🚀 | 26 |
7 | FAS | 14 |
8 | PYPL | 14 |
9 | SONY | 14 |
10 | WFC | 14 |
11 | AMX | 13 |
12 | GS | 13 |
13 | NKE 🚀 | 13 |
14 | PCG | 13 |
15 | DDOG | 12 |
16 | TRU | 12 |
17 | CELH 🚀 | 10 |
18 | LVS | 10 |
19 | NDAQ | 10 |
20 | SW | 10 |
21 | T | 10 |
22 | WMT | 10 |
23 | FANG | 9 |
24 | FTI 🚀 | 9 |
25 | COP | 8 |
26 | DASH | 8 |
27 | KNX | 7 |
28 | PTEN | 7 |
29 | RUN | 7 |
30 | ET | 6 |
31 | UBER | 6 |
32 | AMD | 5 |
33 | AMDL 🚀 | 5 |
34 | EXEL | 5 |
35 | WYNN | 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.