Rank | Ticker | Days Since Previous High |
---|---|---|
1 | ROST | 31 |
2 | CVE | 26 |
3 | OVV | 26 |
4 | CELH 🚀 | 16 |
5 | MRVL 🚀 | 16 |
6 | CRBG | 15 |
7 | ET | 15 |
8 | EXEL | 15 |
9 | COP | 14 |
10 | QCOM | 14 |
11 | V | 14 |
12 | PSTG | 13 |
13 | BLDR | 12 |
14 | EL | 12 |
15 | DVN | 10 |
16 | HAL | 10 |
17 | PR | 10 |
18 | APA | 9 |
19 | CNQ | 9 |
20 | META | 9 |
21 | OXY | 9 |
22 | SU | 9 |
23 | EOG | 8 |
24 | COHR | 7 |
25 | CRDO | 7 |
26 | DELL | 6 |
27 | DOCS | 6 |
28 | ERX | 6 |
29 | XOM | 6 |
30 | ASML | 5 |
31 | GUSH | 5 |
32 | NET | 5 |
33 | ORCL 🚀 | 5 |
34 | UAL 🚀 | 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.