Rank | Ticker | Days Since Previous High |
---|---|---|
1 | XP | 40 |
2 | FCX | 39 |
3 | YMM | 37 |
4 | PLD | 36 |
5 | EXAS | 35 |
6 | VALE | 32 |
7 | DOCU | 30 |
8 | SIRI | 29 |
9 | IOT 🚀 | 28 |
10 | CLF 🚀 | 27 |
11 | QXO | 27 |
12 | ASX | 26 |
13 | QCOM | 26 |
14 | TLT | 22 |
15 | TMF | 22 |
16 | WPM | 19 |
17 | HIMS | 17 |
18 | AVGO | 16 |
19 | MU | 16 |
20 | RKT | 16 |
21 | SN | 16 |
22 | QQQ | 14 |
23 | TQQQ | 13 |
24 | TSM | 13 |
25 | TWLO | 13 |
26 | NXT | 12 |
27 | CHWY | 11 |
28 | FSLR | 11 |
29 | BLDR | 9 |
30 | CNM | 9 |
31 | CSGP | 9 |
32 | GRAB | 9 |
33 | HD | 9 |
34 | MSFU | 9 |
35 | OMC | 9 |
36 | TRU | 9 |
37 | FUTU | 8 |
38 | GILD | 8 |
39 | SE 🚀 | 8 |
40 | SJM | 8 |
41 | SPOT | 8 |
42 | TMO | 8 |
43 | ZM | 8 |
44 | BBVA | 7 |
45 | ENPH | 7 |
46 | Z | 7 |
47 | APTV | 6 |
48 | DB | 6 |
49 | EH | 6 |
50 | TSLA | 6 |
51 | ASML | 5 |
52 | C | 5 |
53 | COHR | 5 |
54 | DKNG | 5 |
55 | EBAY | 5 |
56 | GS | 5 |
57 | HOOD | 5 |
58 | KMB | 5 |
59 | KNX | 5 |
60 | MSFT | 5 |
61 | MUFG | 5 |
62 | NU | 5 |
63 | RETL | 5 |
64 | RF | 5 |
65 | ROBN | 5 |
66 | SPY | 5 |
67 | TNA | 5 |
68 | TSLL 🚀 | 5 |
69 | U 🚀 | 5 |
70 | YUMC | 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.