$WAB Gaps To All-Time Highs

New 52-Week Highs led New Lows — 66 vs. 20.

April 24, 2024

Happy hump 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 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.

It was a muted day in the market.

The major indices were mixed.

Consumer discretionary and consumer staples surged more than +0.75%. Industrials and healthcare inched lower.

New 52-Week Highs led New Lows — 66 vs. 20.

The Best of the Best

Westinghouse Air Brake Technologies ($WAB) is the best of the best. The locomotive manufacturer rallied +12.15% following its Q1 earnings report and closed at an all-time high.

Here’s the daily chart.

And monster monthly chart.

Integer Holdings ($ITGR) is a notable new high. The medical device developer marched +4.55% and closed at an all-time ahead of its Q1 earnings report.

Here’s the daily chart.

And weekly chart.

Watsco ($WSO) is a notable new high. The air conditioning equipment distributor advanced +6.54% following its Q1 earnings report.

Here’s the daily chart.

And monster monthly chart.

The Worst of the Worst

Boeing ($BA) is the worst of the worst. The airplane manufacturer declined -2.87% after its Q1 earnings report.

The company closed at its lowest price since November 2022.

Here’s the daily chart.

And weak weekly chart.

Chewy ($CHWY) is a notable new low. The pet provisions provider crumbled -3.27% and closed at an all-time low.

The stock is down -57% from its 2019 IPO.

Here’s the daily chart.

And weak weekly chart.

Teledyne Technologies ($TDY) is a notable new low. The satellite systems provider tumbled -10.95% following its Q1 earnings report.

The company closed at its lowest price since October 2022.

Here’s the daily chart.

And the weak weekly chart.

52-Week Highs

52-Week Lows

Riley’s Recommendations

Here are a few sweet links curated by Riley…

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