Marathon Digital (MARA) experienced a significant upgrade in its Relative Strength (RS) Rating from 73 to 83 on Thursday. The RS Rating, which is a proprietary measure of technical performance, compares a stock’s price action over the past year to that of other stocks in the database. Stocks with an RS Rating of at least 80 often see significant gains.
Marathon Digital has been subject to volatile movements in its stock price, with both notable increases and decreases. Currently, the stock has fallen below its 200-day moving average and is not in a buying range. However, investors should keep an eye out for potential buying opportunities such as a three-weeks tight or a pullback to the 50-day or 10-week moving average.
In its latest quarterly report, Marathon Digital reported no earnings growth but had impressive sales growth of 452%. The next report is expected around May 8th. The company ranks No. 26 among its peers in the Finance-Investment Management industry group, with top-rated stocks such as Blue Owl Capital (OWL), Sprott (SII), and Apollo Global Management (APO).
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