- Retail Radar by Stocktwits
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- Fabrinet Flies To An All-Time High
Fabrinet Flies To An All-Time High
Vipshops Drops -17%
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. Every major index inched lower. The Russell 2000 tumbled -1.17%.
Consumer staples and healthcare carried more than +0.40%. Energy dropped -2.64%. Basic materials, technology and financials fell approx. -0.30%.
New 52-Week Highs led New Lows — 119 vs. 9.
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