Rank | Ticker | Days Since Previous High |
---|---|---|
1 | USB | 36 |
2 | AA | 24 |
3 | FLEX | 24 |
4 | LUV | 22 |
5 | BEKE | 20 |
6 | DJT 🚀 | 20 |
7 | FCX | 20 |
8 | SIRI | 20 |
9 | MGM | 19 |
10 | SATS 🚀 | 19 |
11 | V | 18 |
12 | CVNA | 16 |
13 | BROS | 13 |
14 | DKNG | 13 |
15 | EOSE 🚀 | 13 |
16 | RKLB 🚀 | 12 |
17 | CRH | 9 |
18 | TSLL 🚀 | 9 |
19 | WPM | 9 |
20 | ASTS | 8 |
21 | CCJ | 8 |
22 | CRDO | 8 |
23 | FFTY | 8 |
24 | OKLO 🚀 | 8 |
25 | SMR | 8 |
26 | CSCO | 7 |
27 | EXE | 7 |
28 | GS | 7 |
29 | HWM | 7 |
30 | IBKR | 7 |
31 | IONQ 🚀 | 7 |
32 | LI | 7 |
33 | QXO | 7 |
34 | SCHW | 7 |
35 | CLS 🚀 | 6 |
36 | COHR | 6 |
37 | GEV | 6 |
38 | HIMS | 6 |
39 | KTOS | 6 |
40 | MP | 6 |
41 | NBIS 🚀 | 6 |
42 | RUN 🚀 | 6 |
43 | TPR | 6 |
44 | ASX | 5 |
45 | CLF 🚀 | 5 |
46 | UAL 🚀 | 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.