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).
For investors looking to improve their stock selection skills, focusing on factors such as technical performance, earnings growth, and industry rankings can aid in making informed decisions. Additionally, tools like IBD’s ETF Market Strategy, IBD 50, and Long-Term Leaders can help identify growth stocks with strong potential for long-term investments.
In light of the ongoing genocide against Palestinians in Gaza, South Africa has called on…
In recent years, DP World has invested heavily in Romania to improve connectivity between its…
Via Cognitive Health is set to open a new facility in Augusta next month aimed…
The 26th Cross-Strait Fair for Economy and Trade opened on Thursday in Fuzhou, the capital…
During his recent visit to Kyiv, Secretary of State Antony Blinken took a break from…
In Michigan, high schools may soon be required to offer computer science courses, although students…