Rank | Ticker | Days Since Previous High |
---|---|---|
1 | ACHR 📈 | 42 |
2 | LUNR 🚀 📈 | 41 |
3 | BITX 📈 | 35 |
4 | NWG | 26 |
5 | SNOW | 24 |
6 | V | 21 |
7 | DT | 20 |
8 | JHX | 20 |
9 | NXPI | 20 |
10 | CMG | 19 |
11 | COO | 19 |
12 | TTD | 17 |
13 | SIRI | 16 |
14 | BAX | 14 |
15 | RKLB 📈 | 14 |
16 | BG | 13 |
17 | LYG | 11 |
18 | MCHP 📈 | 11 |
19 | MSTR 📈 | 11 |
20 | BBVA | 10 |
21 | KNX | 10 |
22 | QUBT 🚀 📈 | 10 |
23 | QXO 📈 | 10 |
24 | NAIL 🚀 📈 | 9 |
25 | NRG | 9 |
26 | SHOP 🚀 | 9 |
27 | AI 🚀 | 8 |
28 | ENTG | 8 |
29 | GPN | 8 |
30 | IWM | 8 |
31 | PSTG 🚀 | 8 |
32 | RCAT 🚀 📈 | 8 |
33 | STM | 8 |
34 | TNA | 8 |
35 | APG | 7 |
36 | BCS | 7 |
37 | DJT 🚀 📈 | 7 |
38 | RIOT 📈 | 7 |
39 | TPR | 7 |
40 | ZBH | 7 |
41 | FIG 🚀 | 6 |
42 | IONQ 🚀 📈 | 6 |
43 | IREN 🚀 📈 | 6 |
44 | NNOX 📈 | 6 |
45 | SE 🚀 | 6 |
46 | CHYM | 5 |
47 | IBM | 5 |
48 | QCOM | 5 |
49 | VST 📈 | 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.