On Monday, Marathon Digital earned a positive adjustment to its Relative Strength (RS) Rating, from 74 to 84.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an 80 or better RS Rating as they begin their biggest runs.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out. Note that it has now cleared key moving averages, with today's move above the 200-day.
Marathon Digital reported 0% EPS growth last quarter, while sales growth came in at 671%.
Marathon Digital earns the No. 43 rank among its peers in the Finance-Investment Management industry group. Blue Owl Capital and Capital Southwest are also among the group's highest-rated stocks.
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