The Relative Strength (RS) Rating for CleanSpark jumped into a new percentile Wednesday, with a rise from 79 to 86.
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This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against the rest of the market.
History reveals that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
CleanSpark has risen more than 5% past an 11.04 entry in a third-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted 0% EPS growth in the latest quarterly report, while sales growth came in at 63%.
CleanSpark holds the No. 40 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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