Rank | Ticker | Days Since Previous High |
---|---|---|
1 | WMT | 42 |
2 | APLD 🚀 | 39 |
3 | YPF | 30 |
4 | TLT | 25 |
5 | EA | 24 |
6 | LMND 🚀 | 24 |
7 | TMF | 24 |
8 | CAH | 10 |
9 | ADM | 9 |
10 | APH | 9 |
11 | BP | 9 |
12 | DHI | 9 |
13 | EVGO 🚀 | 9 |
14 | LEN | 9 |
15 | NAIL 🚀 | 9 |
16 | RKT | 9 |
17 | WPM | 9 |
18 | XPEV 🚀 | 9 |
19 | JNUG 🚀 | 8 |
20 | RCAT 🚀 | 8 |
21 | RGTI 🚀 | 8 |
22 | XP | 8 |
23 | NEM | 7 |
24 | TSCO | 7 |
25 | PAAS | 6 |
26 | QUBT 🚀 | 6 |
27 | TOST | 6 |
28 | APO | 5 |
29 | BF-B | 5 |
30 | CRBG | 5 |
31 | KO | 5 |
32 | UBER | 5 |
33 | 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.