$NATL Ticks Another All-Time High

$CRSR Closed At An All-Time Low

July 18, 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 stumbled. Every major index finished lower. The Russell 2000 tumbled -1.85%. The Dow dipped -1.29%.

Energy and tech inched higher. Healthcare cratered -2.27%. Financials and consumer discretionary fell more than -1%.

New 52-Week Highs led New Lows — 274 vs. 11.

THE BEST OF THE BEST

NCR Atleos ($NATL) is the Best of the Best. The self-service banking provider flew +3.97% and closed at another all-time high.

Here’s the daily chart.

And weekly chart.

THE WORST OF THE WORST

Corsair Gaming ($CRSR) is the Worst of the Worst. The computer gaming hardware provider plunged -5.08% 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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