BlackBerry Breaks Down
Happy Sunday. 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 $1B market cap with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
Friday’s markets were muted. The Dow, Nasdaq Composite and S&P 500 finished flat. The Russell 2000 tumbled -1.61%.
Industrials, basic materials and consumer discretionary dipped more than -0.75%. Tech and communications carried more than +0.30%.
New 52-Week Lows led New Highs — 87 vs. 22.
The Worst of the Worst
BlackBerry ($BB) is the worst of the worst. The mobile phone enterprise software company stumbled -7.14% and closed at a 20-year low.
Here’s the daily chart.
And monthly chart.
$BB has 139,324 followers on Stocktwits.
SolarEdge ($SEDG) is a notable new low. The solar stock dropped -7.88% and closed at its lowest price since April 2019.
Here’s the daily chart.
And weak weekly chart.
$SEDG has 14,492 followers on Stocktwits.
Unity Software ($U) is a notable new low. The video game software developer lost -2.26% and closed at an all-time low.
Here’s the daily chart.
And weak weekly chart.
$U has 30,039 followers on Stocktwits.
The Best of the Best
Rollins ($ROL) is the best of the best. The pest and termite control service provider propelled +1.34% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
$ROL has 832 followers on Stocktwits.
Life360 ($LIF) is a notable new high. The new issue location sharing company carried +4.88% and closed at an all-time high.
$LIF is up +16.50% since its June 6th IPO.
Here’s the daily chart.
$LIF is unlisted on Stocktwits.
Broadcom ($AVGO) is a notable new high. The $800B semiconductor company carried +3.34% and closed at an all-time high.
Wednesday June 12th, $AVGO reported Q2 earnings. The stock gapped up +12% on the news.
Here’s the daily chart.
And weekly chart.
$AVGO has 28,629 followers on Stocktwits.
52-Week Lows
52-Week Highs
And follow the Trends with No Friends Index here.
Riley’s Recommendations
Here are a few sweet links curated by Riley…
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