Rank | Ticker | Days Since Previous High |
---|---|---|
1 | GFS | 39 |
2 | DASH | 35 |
3 | UTSL | 35 |
4 | IBKR | 33 |
5 | PYPL | 32 |
6 | TAL 🚀 | 30 |
7 | YUM | 28 |
8 | JNJ | 25 |
9 | BULL 🚀 📈 | 24 |
10 | NEE | 24 |
11 | CME | 22 |
12 | BHP | 20 |
13 | LVS | 17 |
14 | MGM | 15 |
15 | ROST | 15 |
16 | OMC | 14 |
17 | DDOG | 13 |
18 | ACN | 11 |
19 | CCL | 11 |
20 | IONS | 11 |
21 | RBLX 📈 | 10 |
22 | TECK | 10 |
23 | CCI | 8 |
24 | AA | 7 |
25 | BEKE | 7 |
26 | CELH 🚀 | 7 |
27 | EL | 7 |
28 | MNST | 7 |
29 | YUMC | 7 |
30 | DHI | 6 |
31 | DIS | 6 |
32 | HIMS 📈 | 6 |
33 | TMF | 6 |
34 | WYNN | 6 |
35 | AEM | 5 |
36 | AMC 🚀 📈 | 5 |
37 | KNX | 5 |
38 | OKTA 🚀 | 5 |
39 | TSLA 📈 | 5 |
40 | TSLL 🚀 📈 | 5 |
41 | W 📈 | 5 |
42 | WPM | 5 |
43 | ZM | 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.