In a welcome move, MARA Holdings saw its Relative Strength Rating rise from 62 to 75 on Tuesday.
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 trailing 52 weeks compares to the rest of the market.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if MARA Holdings can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
MARA Holdings is now considered extended and out of buy range after clearing a 12.82 buy point in a second-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
MARA Holdings showed 0% EPS growth in its most recent report. Revenue rose 35%.
The company earns the No. 43 rank among its peers in the Financial Services-Specialty industry group. Marex Group, Sezzle and Tradeweb Markets are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
