Upgrading to 83: Analyzing Marathon Digital’s RS Rating and its Performance in the Finance-Investment Management Industry

Marathon Digital (MARA) stock experienced an upgrade in its Relative Strength (RS) Rating from 73 to 83 on Thursday. The RS Rating is a proprietary measure that compares a stock’s price action over the last 52 weeks to that of other stocks. Generally, the best stocks have an RS Rating of at least 80 as they start to make significant climbs.

If you’re looking to improve your stock-picking skills, it’s crucial to consider factors such as recent price performance, earnings growth, and overall sales growth. Marathon Digital has recently experienced volatile movements, falling below its 200-day moving average and not being in a buying range. Traders should wait for the stock to form a new pattern or present a buying opportunity through a pullback to key moving averages or consolidation.

In its latest quarterly report, Marathon Digital showed 0% earnings growth and a 452% increase in sales. The next earnings report is expected around May 8. Within the Finance-Investment Management industry group, Marathon Digital holds the No. 26 rank among its peers. Some top-rated stocks in this group include Blue Owl Capital (OWL), Sprott (SII), and Apollo Global Management (APO).

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