Janux Therapeutics Jumps +18%

New 52-Week Highs led New Lows — 89 vs. 6.

Author

Riley Rosebee
April 29, 2024

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Trends With No Friends sifts through the noise and discovers stocks with high relative strength and low social following.

Why is this combination important?

Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.

They are ripe to rip.

Every major index inched higher. The Russell 2000 rallied +0.70%.

Consumer discretionary carried +2.33%. Utilities and real estate advanced more than +1%. Communications cratered -1.16%.

New 52-Week Highs led New Lows — 89 vs. 6.

The Best of the Best

Janux Therapeutics ($JANX) is the best of the best. The preclinical stage biopharmaceutical company jumped +18.34% and closed at an all-time high.

February 26th, the company shared “encouraging data” for its oncology drug candidates. The stock popped +229% on the news.

Here’s the daily chart.

And weekly chart.

Vistra ($VST) is a notable new high. The electric utility company surged +7.24% and closed at an all-time high.

Here’s the daily chart.

And monster monthly chart.

PHINIA ($PHIN) is a notable new high. The new issue aftermarket automotive part manufacturer marched +4.45% and closed at an all-time high.

Here’s the daily chart.

And weekly chart.

The Worst of the Worst

Vail Resorts ($MTN) is the worst of the worst. The ski resort operator stumbled -1.335% and closed at its lowest price since August 2020.

Here’s the daily chart.

And weak weekly chart.

Rubrik ($RBRK) is a notable new low. The enterprise software company dropped -7.89% and closed at an all-time low.

The stock is down -9.33% since Thursday’s opening print.

Here’s the daily chart.

52-Week Highs

52-Week Lows

Riley’s Recommendations

Here are a few sweet links curated by Riley…

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