On Tuesday, MARA Holdings hit an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 95, up from 79 the day before.
IBD's proprietary rating tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks typically have an RS Rating north of 80 as they launch their largest climbs.
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The IBD 50 stock 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.
The company reported 0% EPS growth in the latest quarterly report. Revenue gains came in at 78%. The company is expected to report its latest earnings and sales numbers on or around Nov. 12.
MARA Holdings holds the No. 30 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.
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