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Guidewire Software Secures An All-Time High

Guidewire Software Secures An All-Time High

New 52-Week Lows led New Highs — 53 vs. 47.

June 11, 2024

Good afternoon. 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.

Markets were mixed. The Nasdaq Composite carried +0.88%. The Russell 2000 and Dow dipped -0.30%.

Technology advanced +1.86%. Financials fell -1.14%.

New 52-Week Lows led New Highs — 53 vs. 47.

The Worst of the Worst

Teladoc Health ($TDOC) is the worst of the worst. The telehealth service provider tumbled -2.06% and closed at its lowest price since May 2016.

Here’s the daily chart.

And monthly chart.

$TDOC has 39,036 followers on Stocktwits.

Li Auto ($LI) is a notable new low. The Chinese EV unplugged -1.95% and closed at its lowest price since December 2022.

Here’s the daily chart.

And weekly chart.

$LI has 31,635 followers on Stocktwits.

Paycom Software ($PAYC) is a notable new low. The HR SaaS provider stumbled -1.99% and closed at its lowest price since January 2019.

Here’s the daily chart.

And weak weekly chart.

$PAYC has 6,075 followers on Stocktwits.

The Best of the Best

Iris Energy ($IREN) is the best of the best. The Bitcoin miner and AI cloud service provider surged +19.79% and closed at its highest price since April 2022.

Here’s the daily chart.