Trend Trading: Crypto mining stocks

This post analyses three Nasdaq listed Crypto mining stocks. Each stock is compared, on a relative strength basis, to the S&P 500 Index (SPX), and, to The Bitcoin Trade Price Index (GXBT), over a 200 day moving average.

The S&P 500 Index (SPX), over a 200 day moving average, is trading in excess of a 30% annualized growth rate. The Bitcoin Trade Price Index (GXBT), over a 200 day moving average, is trading well in excess of a 500% annualized growth rate.

The three Nasdaq listed Crypto mining stocks, are:

  • Riot Blockchain Inc. (RIOT)
  • Canaan Inc. (CAN)
  • Marathon Digital Holdings (MARA)

Here are the numbers:

Item% above S&P 500% above Bitcoin
Riot Blockchain Inc. (RIOT)390153
Canaan Inc. (CAN)556184
Marathon Digital Holdings (MARA)326128
Crypto mining stocks

Comments welcome.

Published by Trendanomics

Trend trading analysis of the markets with simple trend trading strategies.

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