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- New Lows Overtake New Highs
New Lows Overtake New Highs
Plug Power Continues To Plunge
Good morning. 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 struggled Friday. Every major index lost more than -1%. The Nasdaq Composite cratered -2.55%. The Russell 2000 tumbled -1.91%.
Technology and consumer discretionary dipped more than -2.50%. Communications dropped -2.09%. Real estate finished flat.
New 52-Week Lows led New Highs — 79 vs. 50.
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