- Retail Radar by Stocktwits
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- Commvault Carries +23%
Commvault Carries +23%
Mobileye Finds An All-Time Low
Good evening. Welcome to Trends with No Friends.
We have some business before we dive in...
Trends with No Friends is nearly a year old! To celebrate, we’re cooking up a few new features that I cannot wait to share, but as we continue to grow please send ideas you have as to how we can improve and what additional insights you’d like to see.
Onward…
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Trends With No Friends sifts through the noise and discovers stocks above $1B market cap with high relative strength and low Stocktwits following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low Stocktwits following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Stocktwits Following can really outperform as more investors discover them.
They are ripe to rip.
Markets were mixed. The Dow and Russell gained approx. +0.4%. The Nasdaq Composite dipped -1.28%.
Energy and financials flew more than +1%. Real estate and utilities advanced more than +0.50%. Tech tumbled -2.51%.
New 52-Week Highs led New Lows — 250 vs. 15.
THE BEST OF THE BEST
Commvault Systems ($CVLT) is the Best of the Best. The data protection service provider popped +22.85% following its Q1 earnings report.
$CVLT carried to an all-time high.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Mobileye Global ($MBLY) is the Worst of the Worst. The autonomous driving technology developer dropped -4.03% and closed at an all-time low.
$MBLY is scheduled to report earnings Thursday, August 1st BMO.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
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