Rank | Ticker | Days Since Previous High |
---|---|---|
1 | QBTS 🚀 | 41 |
2 | ENPH | 39 |
3 | QUBT 🚀 | 39 |
4 | DOW | 35 |
5 | ENTG | 35 |
6 | LI | 34 |
7 | CLSK | 28 |
8 | CRWD | 28 |
9 | SNAP | 28 |
10 | MNST | 27 |
11 | WMT | 27 |
12 | EXE | 26 |
13 | DASH | 25 |
14 | TME | 24 |
15 | LUNR 🚀 | 21 |
16 | CRCL 🚀 | 17 |
17 | ILMN | 17 |
18 | AI 🚀 | 16 |
19 | PDD | 16 |
20 | STLA | 15 |
21 | MCHP | 13 |
22 | LCID 🚀 | 12 |
23 | ON | 12 |
24 | HAL | 11 |
25 | XYZ | 11 |
26 | GUSH | 10 |
27 | MP | 10 |
28 | ULTA | 9 |
29 | WFC | 9 |
30 | DOCU | 8 |
31 | EL | 8 |
32 | FANG | 8 |
33 | FSLR | 8 |
34 | PTON 🚀 | 8 |
35 | WDAY | 8 |
36 | KNX | 7 |
37 | M 🚀 | 7 |
38 | PYPL | 7 |
39 | SEDG 🚀 | 7 |
40 | TRU | 7 |
41 | Z | 7 |
42 | CMG | 6 |
43 | IP | 6 |
44 | NUE | 6 |
45 | NXPI | 6 |
46 | SOUN 🚀 | 6 |
47 | UPST 🚀 | 6 |
48 | USB | 6 |
49 | ZM | 6 |
50 | B | 5 |
51 | HDB | 5 |
52 | MSTR | 5 |
53 | PANW | 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.