Blue Bird Flies To Blue Sky
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 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.
Every major index marched higher. The Russell 2000 rallied +0.90%.
Real estate ripped +2.37%. Utilities, energy, basic materials and industrials inched more than +1%. Tech finished flat.
New 52-Week Highs led New Lows — 193 vs. 22.
The Best of the Best
Blue Bird ($BLBD) is the best of the best. The school bus manufacturer flew +24.45% following its Q2 earnings report.
$BLBD closed at an all-time high.
Here’s the daily chart.
And weekly chart.
$BLBD has 1,089 followers on Stocktwits.
AppLovin Corp ($APP) is a notable new high. The mobile marketing platform popped +14.45% following its Q1 earnings report.
$APP ascended to its highest price since January 2022.
Here’s the daily chart.
And weekly chart.
$APP has 4,154 followers on Stocktwits.
RadNet ($RDNT) is a notable new high. The outpatient diagnostic imaging service provider surged +5.81% following its record Q1 earnings report.
$RDNT reached an all-time high.
Here’s the daily chart.
And monster monthly chart.
$RDNT has 651 followers on Stocktwits.
The Worst of the Worst
EPAM Systems ($EPAM) is the worst of the worst. The engineering software provider plunged -26.99% following its Q1 earnings report.
$EPAM ended the session at its lowest price since March 2022.
Here’s the daily chart.
And messy monthly chart.
$EPAM has 2,400 followers on Stocktwits.
SolarEdge ($SEDG) is a notable new low. The solar stock stumbled -8.48% following its Q1 earnings report.
$SEDG settled at its lowest price since May 2019.
Here’s the daily chart.
And weak weekly chart.
$SEDG has 14,455 followers on Stocktwits.
Acadia Pharmaceuticals ($ACAD) is a notable new low. The neuroscience medicine developer dipped -11.21% following its Q1 earnings report.
Here’s the daily chart.
And weak weekly chart.
$ACAD has 13,238 followers on Stocktwits.
52-Week Highs
52-Week Lows
Riley’s Recommendations
Here are a few sweet links curated by Riley…
LAYER and Saga’s Holographic Exercise Bike Immerses Riders in VR Environments
Stone with Ancient Writing Discovered in England by Geography Teacher
Nelly Korda Goes For Sixth Straight Win on LPGA Tour
New Volkswagen California Breaks Cover with Extra Room, More Tech
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