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$NUVL Notches New High, $BMRN Breaks To 5-Year Low
Happy Monday. 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.
Markets were muted ahead of Wednesday’s rate decision. The Dow gained +0.55%. The Nasdaq Composite dipped -0.52%.
Financials, energy and communications carried more than +1%. Tech and consumer discretionary closed negative.
New 52-Week Highs led New Lows — 290 vs. 8.
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