These five stocks from the weekly watchlist areranked by relative strength. They gained the most despite the weakness on Monday. If futures continue higher we anticipate that action could help propel these candidates back above Monday intraday highs.
|ETHE – Grayscale Ethereum Trust||23.90||1.48||6.60||6943187|
|RIOT – Riot Blockchain, Inc.||Technology||33.45||0.50||1.52||11575801|
|WGO – Winnebago Industries Inc.||Discretionary||72.80||0.93||1.29||651509|
|LEN – Lennar Corp.||Discretionary||105.85||0.70||0.67||1860305|
|HZO – Marinemax, Inc.||Discretionary||53.96||0.17||0.32||277429|
ETHE – Ethereum
Ethereum (ETHE) and Riot Blockchain (RIOT) have recently shown signs of relative strength. Volume was above average and MACD is above its signal line and trending bullish. Price action will see less resistance to bullish moves once above VBP resisatnce (look left).
Watch the other stocks, BTC, GBTC and MARA, in the blockchain and bitcoin group for strength this week. RIOT and ETHE are lower in premarket trading.