On Wednesday, MARA Holdings hit a noteworthy performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 86, up from 79 the day before.
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IBD's unique rating measures share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an 80 or higher RS Rating as they launch their biggest climbs.
MARA Holdings has climbed more than 5% past a 21.50 entry in a second-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
MARA Holdings showed 0% EPS growth in its most recent report, while sales growth came in at 64%. Keep an eye out for the company's next round of numbers on or around Nov. 5.
MARA Holdings earns the No. 21 rank among its peers in the Financial Services-Specialty industry group. IREN, Figure Tech Solns and Riot Platforms 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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