On Thursday, CleanSpark got an upgrade to its Relative Strength (RS) Rating, from 80 to 94.
This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
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CleanSpark has risen more than 5% past a 5.16 entry in a second-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported 0% EPS growth in the latest quarterly report. Revenue increased 129%.
The company earns the No. 45 rank among its peers in the Financial Services-Specialty industry group. Sezzle, Tradeweb Markets and Marex Group are among the top 5 highly rated stocks within the group.
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