$ICE Finds 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 $1B market cap with high relative strength and low Stocktwits following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low Stocktwits following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Stocktwits Following can really outperform as more investors discover them.
They are ripe to rip.
Every major index inched higher. The Nasdaq Composite carried +0.84% and closed at an all-time high.
Consumer discretionary dashed +1.95%. Financials flew +1.17%. Communications and consumer staples gained approx. +0.80%. Healthcare and energy were the only negative sectors.
New 52-Week Highs led New Lows — 68 vs. 47.
The Best of the Best
Intercontinental Exchange ($ICE) is the best of the best. The $80B financial market data provider propelled +2.84% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
$ICE has 2,538 followers on Stocktwits.
The Worst of the Worst
Krispy Kreme ($DNUT) is the worst of the worst. The donut shoppe dipped -4.02% and closed at an all-time low.
Here’s the daily chart.
And weak weekly chart.
$DNUT has 4,547 followers on Stocktwits.
52-Week Highs
52-Week Lows
Riley’s Recommendations
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