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Universal Logistics Trucked To An All-Time High

Universal Logistics Trucked To An All-Time High

New 52-Week Highs led New Lows — 98 vs. 24.

April 28, 2024

Happy Sunday! 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.

Friday, every major index inched higher. The Nasdaq Composite carried +2.03%.

Communications marched +2.76%. Technology and consumer discretionary dashed approx. +1%. Utilities and energy dipped approx. -1%.

New 52-Week Highs led New Lows — 98 vs. 24.

The Best of the Best

Universal Logistics ($ULH) is the best of the best. The transportation and logistics company trucked +39.37% after it crushed its Q1 earnings report.

$ULH lept to an all-time high.

Here’s the daily chart.

And monster monthly chart.

$ULH has 143 followers on Stocktwits.

Cullinan Therapeutics ($CGEM) is a notable new high. The biopharmaceutical company bounced +31.43% after William Blair presented peer-reviewed data for Amgen’s leukemia therapy, Blincyto. Blincyto targets CD19 surface antigens on B cells akin to $CGEM’s lymphoma candidate.

Here’s the daily chart.