Rank | Ticker | Days Since Previous High |
---|---|---|
1 | SONY | 45 |
2 | XPEV 🚀 | 39 |
3 | MNST | 27 |
4 | DG | 24 |
5 | DOCS | 22 |
6 | COST | 21 |
7 | MU | 17 |
8 | HOOD | 15 |
9 | SOUN 🚀 | 14 |
10 | LRCX | 13 |
11 | PM | 13 |
12 | SPOT | 13 |
13 | AEG | 12 |
14 | CART | 11 |
15 | CRWV 🚀 | 11 |
16 | GGLL | 11 |
17 | GOOG | 11 |
18 | GOOGL | 11 |
19 | LYV | 11 |
20 | MFG | 11 |
21 | NEE | 11 |
22 | RKLB 🚀 | 11 |
23 | UBER | 11 |
24 | FAST | 10 |
25 | GILD | 10 |
26 | PEP | 10 |
27 | VALE | 10 |
28 | BBY | 9 |
29 | NFLX | 9 |
30 | TSLA | 9 |
31 | TSLL 🚀 | 9 |
32 | XYZ | 9 |
33 | AA | 8 |
34 | BHP | 8 |
35 | MMM | 8 |
36 | TEM | 8 |
37 | TRGP | 8 |
38 | KDP | 7 |
39 | QS 🚀 | 7 |
40 | STLA | 7 |
41 | AUR | 6 |
42 | BCS | 6 |
43 | DELL | 6 |
44 | NTAP | 6 |
45 | QQQ | 6 |
46 | SWKS | 6 |
47 | AMC 🚀 | 5 |
48 | CX | 5 |
49 | DJT 🚀 | 5 |
50 | KHC | 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.