Tuesday January 28, 2025 Stocks Breaking Out Of A Base 200 Days Ago $OKTA $CCL $SBUX $SNOW $BABA $YINN $BIDU $CRM $CRWD $XP $PANW $BA $BB $SHOP

Check scan results for prior days 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 + Export Tickers

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Rank	Ticker	Days Since Previous High	Name
1	OKTA 🚀	35	Okta, Inc.
2	CCL	34	Carnival Corporation
3	SBUX	33	Starbucks Corporation
4	SNOW 🚀	33	Snowflake Inc.
5	BABA	32	Alibaba Group Holding Limited
6	YINN 📈	29	Direxion Daily FTSE China Bull
7	BIDU	28	Baidu, Inc.
8	CRM	28	Salesforce, Inc.
9	CRWD	27	CrowdStrike Holdings, Inc.
10	XP	26	XP Inc.
11	PANW	24	Palo Alto Networks, Inc.
12	BA	20	Boeing Company (The)
13	BB 🚀 📈	13	BlackBerry Limited
14	SHOP 🚀	13	Shopify Inc.
15	ZI 🚀	13	ZoomInfo Technologies Inc.
16	AAPL	11	Apple Inc.
17	TGT	11	Target Corporation
18	BBWI	9	Bath & Body Works, Inc.
19	AAPU	8	Direxion Daily AAPL Bull 2X Sha
20	SPG	8	Simon Property Group, Inc.
21	UBER	7	Uber Technologies, Inc.
22	BAC	5	Bank of America Corporation
23	RDDT 🚀 📈	5	Reddit, Inc.

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.