$NIC Nicks An All-Time High

$FIVE Falls To A 4-Year Low

July 17, 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 stalled on. The Nasdaq Composite cratered -2.77%. The Russell 2000 and S&P 500 stumbled more than -1%. The Dow was the only major index to finish higher.

Consumer staples and energy advanced more than +1%. Technology tumbled -3.89%. Consumer discretionary, communications and industrials dipped more than -1.25%.

New 52-Week Highs led New Lows — 396 vs. 2.

THE BEST OF THE BEST

Nicolet Bankshares ($NIC) is the Best of the Best. The $1.5B Wisconsin-based bank surged +8.14% and closed at an all-time high.

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 flopped -25.05% after it announced its CEO transition plan.

$FIVE is down -63% YTD and closed at its lowest price since April 2020.

Here’s the daily chart.

And weak weekly chart.

52 WEEK HIGHS

52 WEEK LOWS

RILEY’S RECS

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