These small-caps are bucking the trend
The Russell 2000 continues to underperform, rolling over this week at its declining 50-DMA despite posting its strongest week since February 2021 last week. It’s trailing the S&P 500 by more than 14% YTD and frankly shows no signs of turning that relative trend around.
However, as the saying goes, “there’s always a bull market somewhere” and today, I’m highlighting 5 small cap stocks that are bucking the poor trend in the Russell 2000.
These stocks are all:
Above their 50- and 200-DMAs
Outperforming the S&P 500 by at least 5% YTD
And at 50-day highs
The full list is 35 stocks long (and can be viewed here) but I’ve filtered it down to 5 of the strongest.
We’ll also look at:
The rich getting richer
Bases in the tech sector
Energy breaking down
These small-cap stocks are bucking the trend
ANF: Abercrombie & Fitch
Wouldn’t have guessed a mall retailer I most associate with being popular in middle school would have shown up first on this list, but here we are. ANF is up nearly 40% since it broke out, but the measured target and trend say there is little reason to bet against it.
BRBR: Bellring Brands
BRBR sells protein bars, shakes, and powders, and based on the chart I’m guessing they have been selling a lot of them. This is a strong uptrend, and until that support line is broken, there is no reason to think it can’t continue higher.
CarGurus broke out to its highest level since August yesterday. $18.86 could be used as a tactical stop for new money.
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