$LNTH Lept +36.65%

$ZI Zipps To An All-Time Low

July 10, 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 Stocktwits following.

Why is this combination important?

Stocks that are outperforming tend to continue to outperform. Stocks that have a low Stocktwits following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Stocktwits Following can really outperform as more investors discover them.

They are ripe to rip.

Stocks surged. Every major index gained more than +1%.

Every sector finished positive. Technology and basic materials advance approx. +1.40%. Healthcare, utilities and industrials inched approx. +0.90%.

New 52-Week Highs led New Lows — 102 vs. 50.

THE BEST OF THE BEST

Lantheus Holdings ($LNTH) is the Best of the Best. The radiopharmaceutical company ripped +36.65% following a Medicare proposal suggested raising the reimbursement rate for diagnostic radiopharmaceuticals.

$LNTH closed at an all-time high.

Here’s the daily chart.

And weekly chart.

THE WORST OF THE WORST

ZoomInfo Technologies ($ZI) is the Worst of the Worst. The cloud based customer acquisition platform plunged -8.10% and closed at an all-time low.

Here’s the daily chart.

And weak weekly chart.

52 WEEK HIGHS

52 WEEK LOWS

RILEY’S RECS

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