Rank | Ticker | Days Since Previous High |
---|---|---|
1 | T | 45 |
2 | JNJ | 22 |
3 | CVX | 20 |
4 | PYPL | 20 |
5 | CLF 🚀 | 19 |
6 | HAL | 19 |
7 | LEN | 19 |
8 | LYB | 19 |
9 | TGT | 19 |
10 | AMD | 18 |
11 | AMDL 🚀 | 18 |
12 | APTV | 18 |
13 | DHI | 18 |
14 | DOW | 18 |
15 | GUSH | 18 |
16 | OXY | 18 |
17 | BP | 17 |
18 | PTEN | 17 |
19 | DVN | 16 |
20 | INTC | 16 |
21 | JPM | 16 |
22 | NKE 🚀 | 16 |
23 | PHM | 16 |
24 | ZI 🚀 | 16 |
25 | DKNG | 15 |
26 | ERX | 15 |
27 | FDX | 15 |
28 | SLB | 15 |
29 | SNAP | 15 |
30 | XOM | 15 |
31 | AAL | 14 |
32 | COP | 14 |
33 | NAIL 🚀 | 13 |
34 | QCOM | 13 |
35 | SEDG 🚀 | 13 |
36 | SIRI | 13 |
37 | VZ | 13 |
38 | F | 12 |
39 | GGLL | 12 |
40 | GOOG | 12 |
41 | GOOGL | 12 |
42 | VALE | 11 |
43 | MARA 🚀 | 10 |
44 | TEM | 10 |
45 | BITX | 9 |
46 | M | 9 |
47 | STLA | 9 |
48 | UAA | 9 |
49 | ILMN | 8 |
50 | UBER | 8 |
51 | KO | 7 |
52 | GM | 6 |
53 | YPF | 6 |
54 | KNX | 5 |
55 | RIVN | 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.