| Rank | Ticker | Days Since Previous High | Name |
|---|---|---|---|
| 1 | SPY | 39 | SPDR S&P 500 |
| 2 | HWM | 38 | Howmet Aerospace Inc. |
| 3 | LYV | 34 | Live Nation Entertainment, Inc. |
| 4 | SNDK 📈 | 25 | Sandisk Corporation |
| 5 | VG 🚀 📈 | 17 | Venture Global, Inc. |
| 6 | XYZ | 17 | Block, Inc. |
| 7 | CAH | 16 | Cardinal Health, Inc. |
| 8 | CNQ | 8 | Canadian Natural Resources Limi |
| 9 | EQNR | 8 | Equinor ASA |
| 10 | QQQ | 8 | Invesco QQQ Trust, Series 1 |
| 11 | YUMC | 8 | Yum China Holdings, Inc. |
| 12 | CLS 🚀 📈 | 7 | Celestica, Inc. |
| 13 | JD | 7 | JD.com, Inc. |
| 14 | T | 7 | AT&T Inc. |
| 15 | EC | 6 | Ecopetrol S.A. |
| 16 | COST | 5 | Costco Wholesale Corporation |
| 17 | KNX | 5 | Knight-Swift Transportation Hol |
| 18 | NRG | 5 | NRG Energy, Inc. |
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.