Rank | Ticker | Days Since Previous High |
---|---|---|
1 | XPEV 🚀 | 41 |
2 | NWG | 38 |
3 | ZIM 🚀 | 37 |
4 | TSLA | 32 |
5 | COST | 23 |
6 | MU | 23 |
7 | APA | 21 |
8 | CRWV 🚀 | 17 |
9 | TME | 17 |
10 | WULF 🚀 | 16 |
11 | LRCX | 15 |
12 | TSLL 🚀 | 15 |
13 | MMM | 14 |
14 | VZ | 14 |
15 | BBY | 12 |
16 | IONQ 🚀 | 12 |
17 | IREN 🚀 | 12 |
18 | BF-B | 11 |
19 | BHP | 11 |
20 | AMC 🚀 | 10 |
21 | AUR | 10 |
22 | BITX | 10 |
23 | BULL 🚀 | 10 |
24 | F | 10 |
25 | INTC | 10 |
26 | ASML | 9 |
27 | BCS | 8 |
28 | EH | 8 |
29 | NTAP | 8 |
30 | BTDR 🚀 | 7 |
31 | CLS 🚀 | 7 |
32 | ENPH | 7 |
33 | GM | 7 |
34 | MSTR | 7 |
35 | SOXL 🚀 | 7 |
36 | TQQQ | 7 |
37 | UAL 🚀 | 7 |
38 | APTV | 6 |
39 | ASX | 6 |
40 | BAC | 6 |
41 | CHWY | 6 |
42 | EXEL | 6 |
43 | IBKR | 6 |
44 | LYG | 6 |
45 | COIN | 5 |
46 | CONL 🚀 | 5 |
47 | NIO 🚀 | 5 |
48 | QCOM | 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.