Marathon Digital Holdings, Inc., Baidu Inc, Riot Blockchain, Inc. and others have been dropping. Here is what you should know.
Markets completed a mixed session yesterday while Nasdaq was down 0.29% before closing the session at 12,037. Dow Jones closed the day at 33,875, having gained 0.2%.
What is a downtrend?
The perceived tendency of a price to move in a downward direction over time. A downtrend describes the price movement of a continously depreciative financial asset over a particular time frame. In a downtrend, each successive low and peak is lower than the ones found earlier in the trend. The downtrend is therefore composed of lower swing lows and lower swing highs.
| Marathon Digital Holdings, Inc. | continues a 7 day decline; descends 0.45% yesterday
After setting a $8.69 – $9.35 range, Marathon Digital Holdings, Inc. closed the day 0.45% lower at $8.89. Slightly down but mostly flat: Marathon Digital Holdings, Inc. ranged between $8.69 and $9.35 before closing at $8.89. Trading volume totalled 26.15 million which equates to around 78% of the stock's 21-day average yesterday.
Baidu continues a 19 day downtrend; decreases 1.87% yesterday
After setting a $122.09 – $123.68 range, Baidu closed the day 1.87% lower at $122.62. After ending Friday at $124.96, Baidu declined to $122.09 yesterday before closing at $122.62, thereby losing 1.87% in total. Yesterday's trading volume was 1.99 million shares which is slightly below the 21-day average of 2.80 million.
| Riot Blockchain, Inc. | 23.04% ($3) depreciation over 8 days (37.25 cents per day average)
After setting a $10.12 – $10.8 range, Riot Blockchain, Inc. closed the day 1.24% lower at $10.39. The US large-scale Bitcoin miner has recovered almost all of its session losses after dipping down to $10.12 yesterday. Yesterday's trading volume was 18.19 million shares which is slightly below the 21-day average of 24.80 million.