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- CorVel Carried +7.53%
CorVel Carried +7.53%
New 52-Week Highs led New Lows — 478 vs. 6.
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 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 carried on. The Russell 2000 ripped another +3.5%. The Dow dashed +1.85%.
Industrials advanced +2.49%. Basic materials, consumer discretionary, healthcare and financials flew more than 1%. Technology was the only negative sector — $XLK dipped -0.33%.
New 52-Week Highs led New Lows — 478 vs. 6.
THE BEST OF THE BEST
CorVel ($CRVL) is the Best of the Best. The $4.9B insurance service provider surged +7.53% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Helen of Troy ($HELE) is the Worst of the Worst. The consumer products manufacturer fell -0.44% and closed at its lowest price since October 2014.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
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