Rank | Ticker | Days Since Previous High |
---|---|---|
1 | VZ | 45 |
2 | TEM | 42 |
3 | T | 31 |
4 | APA | 28 |
5 | SPOT | 28 |
6 | SWKS | 23 |
7 | U 🚀 | 21 |
8 | NFLX | 20 |
9 | NU | 20 |
10 | SEDG 🚀 | 18 |
11 | EC | 17 |
12 | YUM | 17 |
13 | ENPH | 14 |
14 | NUE | 14 |
15 | TIGR 🚀 | 14 |
16 | CVX | 13 |
17 | NXPI | 13 |
18 | STLA | 13 |
19 | TMO | 13 |
20 | CLF 🚀 | 12 |
21 | DJT 🚀 | 12 |
22 | LUV | 12 |
23 | CMG | 11 |
24 | DOW | 11 |
25 | DVN | 11 |
26 | ADBE | 10 |
27 | V | 10 |
28 | FI | 8 |
29 | GPN | 7 |
30 | ERX | 6 |
31 | BKR | 5 |
32 | CRM | 5 |
33 | DKNG | 5 |
34 | MPC | 5 |
35 | OXY | 5 |
36 | TWLO | 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.