Commvault Systems Carries To All-Time Highs

New 52-Week Highs led New Lows — 84 vs. 28.

June 06, 2024

Good evening. 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 muted. The Dow inched higher. The Russell 2000 stumbled -0.70%.

Consumer discretionary and energy advanced more than +0.50%. Utilities tumbled -1.04%.

New 52-Week Highs led New Lows — 84 vs. 28.

The Best of the Best

Commvault Systems ($CVLT) is the best of the best. The data protection service provider propelled +2.32% and closed at an all-time high.

Here’s the daily chart.

And weekly chart.

Osisko Gold Royalties ($OR) is a notable new high. The Canadian gold miner marched +4.03% and closed at its highest price since May 2023.

Here’s the daily chart.

And monster monthly chart.

Iris Energy ($IREN) is a notable new high. The Bitcoin miner and AI cloud service provider surged +13.36% following its May 2024 investor update.

$IREN closed at its highest price since April 2022.

Here’s the daily chart.

And weekly chart.

The Worst of the Worst

Five Below ($FIVE) is the worst of the worst. The discount retailer dumped -10.60% following its Q1 earnings report.

$FIVE closed at its lowest price since July 2022.

Here’s the daily chart.

And weak weekly chart.

DLocal ($DLO) is a notable new low. The online payments processor fell -0.24% and closed at an all-time low.

Here’s the daily chart.

And weak weekly chart.

Sprinklr ($CXM) is a notable new low. The enterprise cloud software provider tumbled -15.13% following its Q1 earnings report.

Here’s the daily chart.

And 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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