On Thursday, Riot Platforms cleared a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 77 the day before.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an 80 or better RS Rating as they begin their biggest climbs.
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While the stock is not near a proper buy zone right now, see if it is able to form and break out of a proper chart pattern.
Riot Platforms showed 0% EPS growth in its most recent report. Sales rose 63%.
Riot Platforms earns the No. 43 rank among its peers in the Financial Services-Specialty industry group. CME Group Cl A, Marex Group and Sezzle are among the top 5 highly rated stocks within the group.
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