One important metric to look for in a stock is an 80 or higher Relative Strength Rating. CleanSpark now clears that threshold, with a jump from 77 to 82 Monday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research shows that the top-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves.
CleanSpark is building a consolidation with an 11.04 buy point. See if it can break out in volume at least 40% higher than normal. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
The company reported 0% EPS growth in the latest quarterly report. Revenue rose 63%.
The company holds the No. 35 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, Jiayin Group ADR and IREN 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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