On Wednesday, CleanSpark cleared a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 89 the day before.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History shows that the top-performing stocks often have an RS Rating of at least 80 at the beginning of a new climb.
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CleanSpark has climbed 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 create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
CleanSpark showed 0% earnings growth last quarter. Revenue rose 129%. The next quarterly results are expected on or around Dec. 18.
CleanSpark holds 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.
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