On Tuesday, CleanSpark received an upgrade to its Relative Strength (RS) Rating, from 88 to 93.
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IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against all other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
CleanSpark is now considered extended and out of buy range after clearing a 13.66 buy point in a fourth-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed 0% earnings growth last quarter, while sales growth came in at 91%.
The company holds the No. 15 rank among its peers in the Financial Services-Specialty industry group. IREN, Riot Platforms and X Financial ADR 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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