Stock Of The Week; $MARA

MARA (NASDAQ: MARA) is a global leader in digital asset compute that develops and deploys innovative technologies to build a more sustainable and inclusive future.

$MARA is a Bitcoin play.

Last quarter, MARA sold 26% of the Bitcoin it produced.

• Revenues Increase 223% to a Record $165.2 Million.

• Net Income Increases 184% to a Record $337.2 Million, or $1.26 per Diluted Share.

• Adjusted EBITDA Increases 266% to a Record $528.8 Million.

Like Bitcoin, $MARA has been trading for the last couple of months. Earlier this month, it broke out, and after a few days of gains, it briefly sold off and looks like it wants to try to breakout again.

The stock traded in good volume, 43.7 million shares traded on Friday. MARA is about 20% off its recent high.

Here is how I will trade it. Monday morning, I will put a buy-stop limit order at $21.94 with a limit of $22. Hopefully, the stock does not gap up. If my buy-stop order is executed, I plan to use $20.80 as my sell-stop.

My target is up.

My timeframe could be 0-5 days or longer.

I may buy and sell this stock seven different ways til Sunday.

Your job is to make the trade yours.