On Monday, Riot Platforms stock got an upgrade to its Relative Strength (RS) Rating, from 78 to 89.
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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Is Riot Platforms Stock A Buy?
Riot Platforms stock recently reclaimed its 50-day moving average and is not currently offering a proper buying opportunity. See if the financial stock goes on to form a base that could spark a new run.
The bitcoin mining company reported 0% earnings growth in the latest quarterly report. Revenue rose 63%.
Riot Platforms stock holds the No. 41 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.
