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Agilysys Accelerates To An All-Time High

Agilysys Accelerates To An All-Time High

New 52-Week Highs led New Lows — 181 vs. 1.

May 14, 2024

Happy Monday! 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.

Every major index inched higher. The Russell 2000 rallied +1.14%.

Technology and real estate advanced more than +0.70%. Consumer staples and industrials were the only negative sectors.

New 52-Week Highs led New Lows — 181 vs. 1.

The Best of the Best

Agilysys ($AGYS) is the best of the best. The hospitality Point-of-Sale software provider propelled +14.90% following its Q4 earnings report.

$AGYS accelerated to an all-time high.

Here’s the daily chart.

And weekly chart.

$AGYS has 331 followers on Stocktwits.

Nelnet ($NNI) is a notable new high. The federal student loan servicer surged +6.70% and closed at an all-time high.

Here’s the daily chart.

And weekly chart.

$NNI has 325 followers on Stocktwits.

Alcon ($ALC) is a notable new high. The eye care provider advanced +10.33% following its Q1 earnings report.

$ALC closed at an all-time high.

Here’s the daily chart.

And weekly chart.

$ALC has 432 followers on Stocktwits.

The Worst of the Worst

Acadia Pharmaceuticals ($ACAD) is the worst of the worst. The neuroscience medicine developer dropped -2.11% and closed at its lowest price since December 2022.

$ACAD reported earnings May 8th, the stock is down -15% since.

Here’s the daily chart.