Diebold Nixdorf's New All-Time High

Riley Rosebee Trends with No Friends

5 months ago

3 MIN READ

Happy Monday! 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.

The major indices finished flat.

Technology and real estate were the only positive sectors. Industrials and financials fell -0.40%.

The meme-stonks surged. $GME +74.40% | $AMC +78.35%

New 52-Week Highs led New Lows — 162 vs. 8.

The Best of the Best

Sylvamo ($SLVM) is the best of the best. The paper products producer propelled +5.60% and closed at an all-time high.

The company reported Q1 earnings Friday, May 10th BMO.

Here’s the daily chart.

And weekly chart.

$SLVM has 65 followers on Stocktwits.

Methanex ($MEOH) is a notable new high. The methanol maker marched +4.66% and closed at its highest price since March 2023.

Here’s the daily chart.

And monster monthly chart.

$MEOH has 568 followers on Stocktwits.

Diebold Nixdorf ($DBD) is a notable new high. The new issue Point-of-Sale technology platform advanced +3.05% and closed at an all-time high.

The company reported Q1 earnings Thursday, May 2nd. The stock is up +22.39% since.

Here’s the daily chart.

And weekly chart.

$DBD has 75 followers on Stocktwits.

The Worst of the Worst

Amicus Therapeutics ($FOLD) is the worst of the worst. The biotechnology company broke down -2.06% and closed at its lowest level since June 2022.

Here’s the daily chart.