On Thursday, Marathon Digital (MARA) stock received an upgrade in its Relative Strength (RS) Rating from 73 to 83. The RS Rating is a proprietary measure of technical performance that compares a stock’s price action over the last year to that of other stocks in the database. Stocks with an RS Rating of at least 80 often see significant climbs.
Investors should keep an eye on Marathon Digital’s volatile movements in its stock price, as it has fallen below its 200-day moving average and is not currently in a buying range. However, there are potential buying opportunities such as a three-weeks tight or a pullback to the 50-day or 10-week moving average.
Marathon Digital reported 0% earnings growth in its latest quarterly report but sales growth was at 452%. The next report is expected around May 8. The company is ranked 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).
To make informed decisions when investing in stocks, investors can focus on factors such as technical performance, earnings growth, and industry rankings. 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.
