Commvault Systems Carries To All-Time Highs
Good evening. Welcome to Trends with No Friends.
For those just joining us, here’s an overview…
Trends With No Friends sifts through the noise and discovers stocks above $1B market cap with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
Markets were muted. The Dow inched higher. The Russell 2000 stumbled -0.70%.
Consumer discretionary and energy advanced more than +0.50%. Utilities tumbled -1.04%.
New 52-Week Highs led New Lows — 84 vs. 28.
The Best of the Best
Commvault Systems ($CVLT) is the best of the best. The data protection service provider propelled +2.32% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
$CVLT has 524 followers on Stocktwits.
Osisko Gold Royalties ($OR) is a notable new high. The Canadian gold miner marched +4.03% and closed at its highest price since May 2023.
Here’s the daily chart.
And monster monthly chart.
$OR has 556 followers on Stocktwits.
Iris Energy ($IREN) is a notable new high. The Bitcoin miner and AI cloud service provider surged +13.36% following its May 2024 investor update.
$IREN closed at its highest price since April 2022.
Here’s the daily chart.
And weekly chart.
$IREN has 4,407 followers on Stocktwits.
The Worst of the Worst
Five Below ($FIVE) is the worst of the worst. The discount retailer dumped -10.60% following its Q1 earnings report.
$FIVE closed at its lowest price since July 2022.
Here’s the daily chart.
And weak weekly chart.
$FIVE has 5,423 followers on Stocktwits.
DLocal ($DLO) is a notable new low. The online payments processor fell -0.24% and closed at an all-time low.
Here’s the daily chart.
And weak weekly chart.
$DLO has 2,706 followers on Stocktwits.
Sprinklr ($CXM) is a notable new low. The enterprise cloud software provider tumbled -15.13% following its Q1 earnings report.
Here’s the daily chart.
And weak weekly chart.
$CXM has 1,067 followers on Stocktwits.
52-Week Highs
52-Week Lows
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Riley’s Recommendations
Here are a few sweet links curated by Riley…
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Stocktoberfest is Back October 20-22 on Coronado At Del Hotel
SpaceX Launches Mammoth Starship Rocket and Brings It Back For The First Time
You Can Now Buy Gold Bars From Vending Machines in South Korea
Flying High Again — Teton Gravity Research
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