Rank | Ticker | Days Since Previous High |
---|---|---|
1 | TSLL 🚀 | 44 |
2 | F | 34 |
3 | ERX | 32 |
4 | VLO | 31 |
5 | RCL | 25 |
6 | C | 24 |
7 | KMX | 24 |
8 | FAS | 23 |
9 | BBWI | 22 |
10 | MGM | 22 |
11 | SERV 🚀 | 22 |
12 | SLB | 22 |
13 | BB | 21 |
14 | DECK 🚀 | 21 |
15 | EOG | 21 |
16 | M | 21 |
17 | GUSH | 20 |
18 | KIM | 20 |
19 | WFC | 20 |
20 | XOM | 20 |
21 | JPM | 19 |
22 | MDB 🚀 | 19 |
23 | RIOT | 19 |
24 | PR | 18 |
25 | FTI 🚀 | 15 |
26 | RIG | 15 |
27 | OKTA 🚀 | 14 |
28 | ALB | 12 |
29 | APP | 12 |
30 | NET | 10 |
31 | PSTG 🚀 | 10 |
32 | QXO | 10 |
33 | ULTA | 10 |
34 | CLS 🚀 | 9 |
35 | EL | 9 |
36 | IONQ 🚀 | 9 |
37 | BA | 7 |
38 | AEO 🚀 | 6 |
39 | PINS | 6 |
40 | TSCO | 6 |
41 | AAPL | 5 |
42 | AAPU | 5 |
43 | PANW | 5 |
44 | SN | 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.