Powell Propels To An All-Time High
Happy Memorial Day! 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 $1B market cap with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
Friday, stocks snapped back.
Every major index inched higher. The Nasdaq Composite and Russell 2000 carried more than +1%.
Communications, consumer discretionary and utilities advanced more than +1%. Healthcare was the only negative sector.
New 52-Week Highs led New Lows — 115 vs. 37.
The Best of the Best
Powell Industries ($POWL) is the best of the best. The electrical infrastructure equipment manufacturer surged +8.95% and closed at an all-time high.
Here’s the daily chart.
And monster monthly chart.
$POWL has 656 followers on Stocktwits.
Deckers Brands ($DECK) is a notable new high. The footwear conglomerate flew +14.18% after it reported Q4 earnings.
$DECK dashed to an all-time high.
Here’s the daily chart.
And weekly chart.
$DECK has 2,718 followers on Stocktwits.
Construction Partners ($ROAD) is a notable new high. The roadway construction company rallied +5.01% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
$ROAD has 567 followers on Stocktwits.
The Worst of the Worst
Exact Sciences Corp. ($EXAS) is the worst of the worst. The cancer screening and diagnostics company dipped -7.84% and closed at its lowest price since January 2023.
Here’s the daily chart.
And weak weekly chart.
$EXAS has 10,967 followers on Stocktwits.
Getty Images ($GETY) is a notable new low. The visual content marketplace cratered -4.48% and closed at an all-time low.
Here’s the daily chart.
And weak weekly chart.
$GETY has 3,630 followers on Stocktwits.
Coursera ($COUR) is a notable new low. The online learning platform lost -2.04% and closed at an all-time low.
Since it’s April 29th earnings report, $COUR has closed negative 14 of 19 sessions and is down -35%.
Here’s the daily chart.
And weak weekly chart.
$COUR has 1,762 followers on Stocktwits.
52-Week Highs
52-Week Lows
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