Thursday December 26, 2024 Stocks Breaking Out Of A Base 200 Days Ago $GME $LUNR $OKLO $RKLB $BBAI $CSCO $EH $M $RDDT $GM $XPEV $NIO $OXY $MMM

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Rank Ticker Days Since Previous High Name
1 GME ðŸš€ ðŸ“ˆ 20 GameStop Corporation
2 LUNR ðŸš€ ðŸ“ˆ 18 Intuitive Machines, Inc.
3 OKLO ðŸš€ ðŸ“ˆ 18 Oklo Inc.
4 RKLB ðŸ“ˆ 17 Rocket Lab Corporation
5 BBAI ðŸš€ ðŸ“ˆ 12 BigBear.ai, Inc.
6 CSCO 12 Cisco Systems, Inc.
7 EH 12 EHang Holdings Limited
8 M ðŸš€ 12 Macy's Inc
9 RDDT ðŸš€ ðŸ“ˆ 12 Reddit, Inc.
10 GM ðŸš€ 11 General Motors Company
11 XPEV ðŸš€ ðŸ“ˆ 11 XPeng Inc.
12 NIO ðŸš€ ðŸ“ˆ 10 NIO Inc.
13 OXY 10 Occidental Petroleum Corporatio
14 MMM 9 3M Company
15 JPM 8 JP Morgan Chase & Co.
16 PTEN 8 Patterson-UTI Energy, Inc.
17 HPE 7 Hewlett Packard Enterprise Comp
18 ROST 7 Ross Stores, Inc.
19 AVGO 6 Broadcom Inc.
20 BTDR ðŸš€ ðŸ“ˆ 6 Bitdeer Technologies Group
21 SERV ðŸš€ ðŸ“ˆ 6 Serve Robotics Inc.
22 BABA 5 Alibaba Group Holding Limited
23 C 5 Citigroup, Inc.
24 COF 5 Capital One Financial Corporati
25 F 5 Ford Motor Company
26 INTC ðŸš€ 5 Intel Corporation
27 NNOX ðŸš€ ðŸ“ˆ 5 NANO-X IMAGING LTD
28 QS ðŸš€ ðŸ“ˆ 5 QuantumScape Corporation
29 RGTI ðŸš€ ðŸ“ˆ 5 Rigetti Computing, Inc.
30 SOUN ðŸš€ ðŸ“ˆ 5 SoundHound AI, Inc.
31 TGT 5 Target Corporation
Stocks Breaking Out Of A Base

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.