When building your watch list, focus on stocks with an 80 or higher RS Rating. Riot Platforms is one stock that just reached the mark, now earning a score of 82.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating as they begin their biggest climbs.
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While the stock is not near an ideal buy point right now, see if it manages to form and break out of a proper base.
The company showed 0% earnings growth in the latest quarterly report, while sales growth came in at 63%.
Riot Platforms holds the No. 52 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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