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- CompoSecure Secures An All-Time High
CompoSecure Secures An All-Time High
New 52-Week Highs Led New Lows — 291 vs. 4
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 gyrated following the Fed’s 50bps rate cut. The Russell 2000 finished slightly positive. The Dow, S&P 500 and Nasdaq Composite fell approx. -0.30%.
Energy was the only positive sector. Technology and utilities tumbled more than -0.80%.
New 52-Week Highs led New Lows — 291 vs. 4.
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