Rank | Ticker | Days Since Previous High |
---|---|---|
1 | TIGR 🚀 | 28 |
2 | DOCS | 27 |
3 | NU | 27 |
4 | QS 🚀 | 26 |
5 | SMCI 🚀 | 25 |
6 | YUM | 23 |
7 | SN | 18 |
8 | WFC | 14 |
9 | HPE | 11 |
10 | CLSK | 10 |
11 | CRM | 10 |
12 | LVS | 9 |
13 | NBIS 🚀 | 9 |
14 | CORZ | 8 |
15 | EH | 8 |
16 | ORCL 🚀 | 7 |
17 | PYPL | 7 |
18 | ANET | 6 |
19 | FUTU | 6 |
20 | MSTR | 6 |
21 | PLTR 🚀 | 6 |
22 | PLTU 🚀 | 6 |
23 | RIOT | 6 |
24 | STLA | 6 |
25 | TEAM | 6 |
26 | BP | 5 |
27 | BROS | 5 |
28 | DIS | 5 |
29 | JHX | 5 |
30 | LUNR 🚀 | 5 |
31 | MARA 🚀 | 5 |
32 | RBRK | 5 |
33 | SERV 🚀 | 5 |
34 | ZI 🚀 | 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.