Rank | Ticker | Days Since Previous High |
---|---|---|
1 | NVDL 🚀 📈 | 37 |
2 | DELL | 31 |
3 | CME | 24 |
4 | XPEV 🚀 📈 | 23 |
5 | CCI | 17 |
6 | OMC | 17 |
7 | RUN 🚀 📈 | 16 |
8 | ACN | 14 |
9 | DHR | 14 |
10 | IONS | 14 |
11 | CELH 🚀 | 12 |
12 | EXEL | 9 |
13 | MNST | 9 |
14 | PCG | 9 |
15 | KR | 8 |
16 | TMF | 8 |
17 | V | 8 |
18 | VZ | 8 |
19 | HON | 7 |
20 | PDD | 7 |
21 | TGT | 7 |
22 | COIN 📈 | 6 |
23 | MSFT | 6 |
24 | NVDA | 6 |
25 | TIGR 🚀 📈 | 6 |
26 | TMO | 6 |
27 | CONL 🚀 📈 | 5 |
28 | COO | 5 |
29 | CRH | 5 |
30 | DRN | 5 |
31 | GME 🚀 📈 | 5 |
32 | GPC | 5 |
33 | KGC | 5 |
34 | LRCX | 5 |
35 | LYG | 5 |
36 | LYV | 5 |
37 | NWG | 5 |
38 | RKT 📈 | 5 |
39 | VTRS | 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.