Federal Signal Flies To An All-Time High
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 $1B market cap with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
Stocks bounced back after Friday’s early morning weakness. The Dow jumped +1.51%. The Nasdaq Composite finished flat.
Energy advanced +2.49%. Consumer discretionary and tech were the only sectors to gain less than +1%.
New 52-Week Highs led New Lows — 106 vs. 39.
The Best of the Best
Federal Signal ($FSS) is the best of the best. The infrastructure equipment manufacturer flew +5.47% and closed at an all-time high.
Here’s the daily chart.
And monster 12M chart.
$FSS has 222 followers on Stocktwits.
Arhaus ($ARHS) is a notable new high. The furniture retailer rallied +4.21% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
$ARHS has 413 followers on Stocktwits.
Boot Barn ($BOOT) is a notable new high. The western retailer ran +4.21% and closed at its highest price since January 2022.
$BOOT is within 10% of its all-time high.
Here’s the daily chart.
And weekly chart.
$BOOT has 1,546 followers on Stocktwits.
The Worst of the Worst
MongoDB ($MDB) is the worst of the worst. The general-purpose database platform fell -23.85% following its Q1 earnings report.
$MDB closed at its lowest price since May 2023.
Here’s the daily chart.
And weak weekly chart.
$MDB has 14,699 followers on Stocktwits.
Paycom Software ($PAYC) is a notable new low. The HR SaaS provider tumbled -8.58% and closed at its lowest price since January 2019.
Here’s the daily chart.
And weak weekly chart.
$PAYC has 6,004 followers on Stocktwits.
Ginkgo Bioworks ($DNA) is a notable new low. The biotech broke down -5.51% and closed at an all-time low.
$DNA has closed negative in 11 of the last 12 sessions.
Here’s the daily chart.
And weak weekly chart.
$DNA has 13,347 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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