On Wednesday, MARA Holdings hit an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an upgrade to 83, up from 68 the day before.
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This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
MARA Holdings is within a buy range after climbing above a 17.24 entry in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
The company showed 0% EPS growth last quarter. Revenue increased 29%. The company is expected to report its latest results on or around Aug. 6.
MARA Holdings holds the No. 37 rank among its peers in the Financial Services-Specialty industry group. Jiayin Group ADR, X Financial ADR and FinVolution Group 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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