Rank | Ticker | Days Since Previous High |
---|---|---|
1 | EXAS | 45 |
2 | CLF 🚀 | 35 |
3 | GRAB | 35 |
4 | JD | 35 |
5 | BX | 33 |
6 | WBD 🚀 | 32 |
7 | NTNX | 29 |
8 | ZS | 29 |
9 | RCAT 🚀 | 26 |
10 | CLSK | 22 |
11 | HIMS | 22 |
12 | IONQ 🚀 | 22 |
13 | PSKY 🚀 | 20 |
14 | LRCX | 19 |
15 | TQQQ | 19 |
16 | SONY | 18 |
17 | QBTS 🚀 | 16 |
18 | WMT | 15 |
19 | BCS | 13 |
20 | CAH | 13 |
21 | MMM | 13 |
22 | TEM | 13 |
23 | DRN | 12 |
24 | YUM | 12 |
25 | CRH | 11 |
26 | DB | 11 |
27 | DOW | 10 |
28 | EXEL | 10 |
29 | KR | 10 |
30 | APLD 🚀 | 9 |
31 | BBY | 9 |
32 | CCL | 9 |
33 | GEV | 9 |
34 | KTOS | 9 |
35 | OKLO 🚀 | 9 |
36 | OWL | 9 |
37 | SERV 🚀 | 9 |
38 | SOXL 🚀 | 9 |
39 | TME | 9 |
40 | BAC | 8 |
41 | CRCL 🚀 | 8 |
42 | RGTI 🚀 | 8 |
43 | UBER | 8 |
44 | UTSL | 8 |
45 | BBAI 🚀 | 7 |
46 | D | 7 |
47 | PM | 7 |
48 | STLA | 7 |
49 | UAL 🚀 | 6 |
50 | AI 🚀 | 5 |
51 | CSCO | 5 |
52 | RBLX | 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.