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- $RVMD Rallies +11%
$RVMD Rallies +11%
$U Dives To An All-Time Low
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 $1B market cap with high relative strength and low Stocktwits following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low Stocktwits following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Stocktwits Following can really outperform as more investors discover them.
They are ripe to rip.
Stocks stalled. The Russell 2000 tumbled -0.45%. The S&P 500, Dow and Nasdaq Composite closed within ± 0.14%.
Financials flew +0.77%. Basic materials broke down -1.02%. Energy fell -0.88%.
New 52-Week Highs led New Lows — 87 vs. 70.
THE BEST OF THE BEST
Revolution Medicines ($RVMD) is the Best of the Best. The clinical-stage oncology company carried +10.97% and closed at its highest price since April 2021.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Unity Software ($U) is the Worst of the Worst. The video game software developer dipped -3.90% and closed at an all-time low.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
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