Rank | Ticker | Days Since Previous High |
---|---|---|
1 | TECK | 43 |
2 | EXAS | 42 |
3 | TSM | 37 |
4 | BEKE | 32 |
5 | RIOT | 32 |
6 | JD | 30 |
7 | RBRK | 27 |
8 | NBIS 🚀 | 20 |
9 | HOOD | 19 |
10 | BX | 16 |
11 | COST | 11 |
12 | MUFG | 11 |
13 | WULF 🚀 | 11 |
14 | CONL 🚀 | 10 |
15 | VG | 10 |
16 | YINN | 10 |
17 | KMB | 9 |
18 | ADBE | 8 |
19 | BCS | 8 |
20 | PLTR 🚀 | 8 |
21 | ZTO | 8 |
22 | COIN | 7 |
23 | IONQ 🚀 | 7 |
24 | NRG | 7 |
25 | SWKS | 7 |
26 | AA | 6 |
27 | CORZ | 6 |
28 | CRWV 🚀 | 6 |
29 | EXEL | 6 |
30 | QUBT 🚀 | 6 |
31 | SMCI 🚀 | 6 |
32 | TEAM | 6 |
33 | TME | 6 |
34 | LCID 🚀 | 5 |
35 | NTR | 5 |
36 | RGTI 🚀 | 5 |
37 | XPEV 🚀 | 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.