The Relative Strength (RS) Rating for CleanSpark stock climbed into a new percentile Friday, with an increase from 65 to 82.
IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
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Is CleanSpark Stock A Buy?
CleanSpark stock has been trading below its 50- and 200-day moving averages. The stock is not currently in a proper entry point. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The bitcoin miner reported 0% earnings growth in the latest quarterly report, while sales growth came in at 129%.
CleanSpark stock earns the No. 34 rank among its peers in the Computer Software-Financial industry group. Intapp, Vertex and ACI Worldwide are among the top 5 highly rated stocks within the group.
