Rank | Ticker | Days Since Previous High |
---|---|---|
1 | QUBT 🚀 | 44 |
2 | ZS | 43 |
3 | WFC | 40 |
4 | QS 🚀 | 39 |
5 | CDNS | 32 |
6 | HMY | 30 |
7 | SMR | 30 |
8 | SYM | 29 |
9 | SHOP 🚀 | 28 |
10 | LMND 🚀 | 26 |
11 | TPR | 26 |
12 | AMC 🚀 | 25 |
13 | BBVA | 24 |
14 | PLTR 🚀 | 24 |
15 | PLTU 🚀 | 24 |
16 | SOUN 🚀 | 24 |
17 | ACHR 🚀 | 22 |
18 | JOBY | 22 |
19 | MSFU | 22 |
20 | AUR | 19 |
21 | SWKS | 19 |
22 | STLA | 18 |
23 | MP | 17 |
24 | FDX | 14 |
25 | ABNB | 12 |
26 | ASTS | 11 |
27 | LUV | 11 |
28 | AAPL | 10 |
29 | AAPU | 10 |
30 | SEDG 🚀 | 10 |
31 | ALB | 9 |
32 | NXT | 9 |
33 | MGM | 8 |
34 | ONON | 8 |
35 | ROKU | 8 |
36 | TER 🚀 | 8 |
37 | AEM | 7 |
38 | CNM | 7 |
39 | MUFG | 7 |
40 | COO | 6 |
41 | FLEX | 6 |
42 | GPN | 6 |
43 | SNOW | 6 |
44 | ANET | 5 |
45 | APG | 5 |
46 | NEM | 5 |
47 | SCHW | 5 |
48 | SERV 🚀 | 5 |
49 | TEM | 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.