Rank | Ticker | Days Since Previous High |
---|---|---|
1 | ABNB | 35 |
2 | CCI | 35 |
3 | CRM | 34 |
4 | DAL | 33 |
5 | FERG | 32 |
6 | TGT | 32 |
7 | VTRS | 29 |
8 | MMM | 27 |
9 | KIM | 22 |
10 | ALLY | 18 |
11 | WBD | 18 |
12 | GM 🚀 | 16 |
13 | HAL | 16 |
14 | PCAR | 16 |
15 | TEAM | 16 |
16 | ADI | 15 |
17 | LULU | 14 |
18 | ZM | 14 |
19 | HWM | 13 |
20 | DHR | 12 |
21 | DIS | 12 |
22 | DRN | 12 |
23 | DT | 12 |
24 | ADBE | 11 |
25 | DECK 🚀 | 11 |
26 | DOCU | 11 |
27 | HON | 11 |
28 | MCHP | 11 |
29 | WDAY | 11 |
30 | Z | 11 |
31 | F | 10 |
32 | ILMN | 10 |
33 | M 🚀 | 10 |
34 | STLA | 10 |
35 | UWMC | 10 |
36 | APTV | 9 |
37 | GPC | 9 |
38 | PTEN | 9 |
39 | QCOM | 9 |
40 | RTX | 9 |
41 | CAH | 8 |
42 | FDX | 8 |
43 | GFS | 8 |
44 | JEF | 8 |
45 | FI | 7 |
46 | GPN | 7 |
47 | META | 7 |
48 | NDAQ | 7 |
49 | NXPI | 7 |
50 | SIRI | 7 |
51 | SPG | 7 |
52 | AMZN | 6 |
53 | AMZU | 6 |
54 | CDNS | 6 |
55 | CSGP | 6 |
56 | PANW | 6 |
57 | TTD | 6 |
58 | DHI | 5 |
59 | NTNX | 5 |
60 | NUE | 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.