Perdoceo Education Pops +31.46%

Riley Rosebee Trends with No Friends

5 months ago

3 MIN READ

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.

Stocks snapped back. Every major index inched higher. The Russell 2000 rallied +1.81%.

Real estate, technology, consumer discretionary and communications carried more than +1%. Basic materials lost -0.52%.

New 52-Week Highs led New Lows — 97 vs. 34.

The Best of the Best

Perdoceo Education Corp ($PRDO) is the best of the best. The educational services company surged +31.46% following its Q1 earnings report.

$PRDO closed at its highest price since July 2011.

Here’s the daily chart.

And monster monthly chart.

$PRDO has 281 followers on Stocktwits.

Kontoor Brands ($KTB) is a notable new high. The Wrangler operator lept +8.42% following its Q1 earnings report.

$KTB carried to an all-time high.

Here’s the daily chart.

And weekly chart.

$KTB has 372 followers on Stocktwits.

Howmet Aerospace ($HWM) is a notable new high. The lightweight metal producer popped +15.45% following its Q1 earnings report.

Here’s the daily chart.

And weekly chart.

$HWM has 662 followers on Stocktwits.

The Worst of the Worst

Fastly ($FSLY) is the worst of the worst. The cloud platform collapsed -32.02% following its Q1 earnings release.

$FSLY fell to its lowest price since January 2023.

Here’s the daily chart.

And weak weekly chart.

$FSLY has 35,050 followers on Stocktwits.

Etsy ($ETSY) is a notable new low. The crafts online marketplace tumbled -15.06% following its Q1 earnings report.

$ETSY closed at its lowest price since April 2020.

Here’s the daily chart.

And weak weekly chart.

$ETSY has 34,798 followers on Stocktwits.

Appian Corporation ($APPN) is a notable new low. The business process management software company stumbled -15.52% following its Q1 earnings report.

$APPN closed at its lowest price since January 2023.

Here’s the daily chart.