CleanSpark saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 83 to 91.
Here Are 3 Keys For Successful Stock Investing
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
CleanSpark is trying to complete a cup without handle with a 13.66 entry. See if the stock can break out in heavy trading. Be aware that it's a third-stage base. Such later-stage patterns involve more risk and are more and have a higher likelihood to fail than first- or second-stage formations.
The company reported 0% earnings growth in the latest quarterly report, while sales growth came in at 91%.
The company holds the No. 25 rank among its peers in the Financial Services-Specialty industry group. IREN, X Financial ADR and Cipher Mining are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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