Stock Of The Day: Sell Signal In Riot Platforms?

Posted On December 5, 2024

Riot Platforms, Inc. (NASDAQ:RIOT) shares are little changed on Thursday. But that may not be the case for long.

A moving average crossover strategy has just flashed a sell signal. This is why our team of technical analysts has made it our Stock of the Day.

Moving average crossover strategies are very popular on Wall Street. They are easy to understand and test — and are completely objective.

The red line on the chart is the 20-day simple moving average. It is the average closing price of the past 20 days.

The blue line on the chart is the 10-day simple moving average. It is the average closing price of the previous 10 days.

If the shorter-term average closing price is higher than a …