Rank | Ticker | Days Since Previous High |
---|---|---|
1 | ROST | 44 |
2 | WMT | 44 |
3 | KMB | 41 |
4 | MCD | 41 |
5 | JNUG 🚀 | 34 |
6 | YPF | 33 |
7 | PBR | 32 |
8 | PBR-A | 31 |
9 | KR | 30 |
10 | XPEV 🚀 | 29 |
11 | JHX | 18 |
12 | SU | 18 |
13 | DG | 16 |
14 | COST | 15 |
15 | SHOP 🚀 | 12 |
16 | U 🚀 | 12 |
17 | AGI | 10 |
18 | KO | 10 |
19 | XP | 10 |
20 | BAM | 9 |
21 | DB | 9 |
22 | RIG | 9 |
23 | AAL | 8 |
24 | AAPL | 8 |
25 | AMX | 8 |
26 | EOSE 🚀 | 8 |
27 | GPC | 8 |
28 | GPN | 8 |
29 | IREN 🚀 | 8 |
30 | SONY | 8 |
31 | AFL | 6 |
32 | BBY | 6 |
33 | BULL 🚀 | 6 |
34 | CG | 6 |
35 | SWK | 6 |
36 | TGT | 6 |
37 | AEG | 5 |
38 | EC | 5 |
39 | FAST | 5 |
40 | RETL | 5 |
41 | ZIM 🚀 | 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.