Rank | Ticker | Days Since Previous High |
---|---|---|
1 | QS 🚀 | 44 |
2 | RCAT 🚀 | 44 |
3 | NOK 🚀 | 43 |
4 | WDAY | 40 |
5 | SHOP 🚀 | 31 |
6 | SMCI 🚀 | 30 |
7 | NVDA | 28 |
8 | VRT | 28 |
9 | AI 🚀 | 27 |
10 | CRWV 🚀 | 27 |
11 | SOUN 🚀 | 27 |
12 | FSLR | 23 |
13 | DELL | 16 |
14 | RIVN | 13 |
15 | NEE | 12 |
16 | CHYM | 11 |
17 | TER 🚀 | 11 |
18 | ASX | 10 |
19 | BULL 🚀 | 8 |
20 | GPN | 8 |
21 | MFG | 8 |
22 | NBIS 🚀 | 8 |
23 | OKTA 🚀 | 8 |
24 | NVDL 🚀 | 7 |
25 | RUN 🚀 | 7 |
26 | TEM | 7 |
27 | CAVA | 6 |
28 | CRH | 6 |
29 | CRM | 6 |
30 | EBAY | 6 |
31 | GEV | 6 |
32 | KGC | 6 |
33 | WPM | 6 |
34 | AEG | 5 |
35 | AMD | 5 |
36 | JNUG 🚀 | 5 |
37 | NET | 5 |
38 | NRG | 5 |
39 | PAAS | 5 |
40 | VST | 5 |
41 | WBD 🚀 | 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.