On Tuesday, Riot Platforms reached an important performance benchmark, with its Relative Strength (RS) Rating jumping into the 90-plus percentile with an improvement to 94, a rise from 86 the day before.
IBD's proprietary rating identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
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Riot Platforms is not currently near a potential buying area. See if the stock goes on to form a base that could launch a new move.
The company reported 0% EPS growth last quarter, while sales growth came in at 63%.
Riot Platforms holds the No. 42 rank among its peers in the Financial Services-Specialty industry group. Marex Group, Sezzle and Tradeweb Markets are among the top 5 highly rated stocks within the group.
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