Marathon Digital (MARA) stock saw an upgrade in its Relative Strength (RS) Rating from 73 to 83 on Thursday. The RS Rating is a proprietary measure that compares a stock’s price action over the last 52 weeks to that of other stocks. Typically, the best stocks have an RS Rating of at least 80 as they start to make significant climbs.
Investors looking to hone their stock-picking skills should focus on factors like recent price performance, earnings growth, and overall sales growth. Marathon Digital stock has experienced volatile movements recently, falling below its 200-day moving average and not being in a buying range. Traders should wait to see if the stock forms a new pattern or presents a buying opportunity through a pullback to key moving averages or a consolidation.
In its latest quarterly report, the company showed 0% earnings growth and a 452% increase in sales. The next earnings report is expected around May 8. Within the Finance-Investment Management industry group, Marathon Digital holds the No. 26 rank among its peers. Other top-rated stocks in this group include Blue Owl Capital (OWL), Sprott (SII), and Apollo Global Management (APO).
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