Rank | Ticker | Days Since Previous High |
---|---|---|
1 | COO | 40 |
2 | EBAY | 37 |
3 | DG | 29 |
4 | IP | 23 |
5 | ABNB | 21 |
6 | BROS | 19 |
7 | KIM | 19 |
8 | ZBH | 19 |
9 | NLY | 15 |
10 | TAL 🚀 | 15 |
11 | AAPL | 11 |
12 | AAPU | 11 |
13 | ADI | 11 |
14 | WELL | 11 |
15 | DRN | 10 |
16 | DT | 10 |
17 | MFG | 10 |
18 | SBUX | 10 |
19 | XP | 10 |
20 | DECK 🚀 | 9 |
21 | ELAN | 9 |
22 | MCHP | 9 |
23 | SOXL 🚀 📈 | 9 |
24 | TMO | 9 |
25 | VTRS | 9 |
26 | YUM | 9 |
27 | MUFG | 8 |
28 | PCAR | 8 |
29 | SWKS | 8 |
30 | AA | 7 |
31 | AMDL 🚀 📈 | 7 |
32 | CLF 🚀 | 7 |
33 | COHR | 7 |
34 | NU | 7 |
35 | QCOM | 7 |
36 | VALE | 7 |
37 | WDAY | 7 |
38 | AGNC | 6 |
39 | BABA | 6 |
40 | BEKE | 6 |
41 | CRDO 📈 | 6 |
42 | EXE | 6 |
43 | NFLX | 6 |
44 | PDD | 6 |
45 | STLA | 6 |
46 | TRU | 6 |
47 | TSLA 📈 | 6 |
48 | TSLL 🚀 📈 | 6 |
49 | YUMC | 6 |
50 | ZTO | 6 |
51 | ADBE | 5 |
52 | BKR | 5 |
53 | DOCU | 5 |
54 | JD | 5 |
55 | PBR-A | 5 |
56 | WYNN | 5 |
57 | 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.