- Retail Radar by Stocktwits
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- $MTSI Marches On
$MTSI Marches On
$ETSY Edges Lower
Happy Monday! Welcome to Trends with No Friends.
Before we dive in — I will be in Chicago on July 15th and 16th. If you’re in the area and would like to connect and discuss Trends with No Friends, send me an email!
Onward…
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.
Markets were muted. The Russell 2000 rallied +0.59%. The Dow dipped -0.08%.
Technology was the strongest sector — $XLK advanced +0.68%. Communications stumbled -0.90%.
New 52-Week Highs led New Lows — 101 vs. 25.
THE BEST OF THE BEST
MACOM Technology Solutions ($MSTI) is the Best of the Best. The semiconductor products supplier surged +3.50% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Etsy ($ETSY) is the Worst of the Worst. The online artisan marketplace fell -5.27% and closed at its lowest price since April 2020.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
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