Riot's Bitcoin mining company shares are preparing for a comeback after a 28.96% decline since the beginning of the year. 📈 Ahead of the third-quarter 2024 earnings report, set to be released on October 30, Riot shares have shown an increase of nearly 3% in the last day.

- Riot shares have risen by 13.91% over the past year.

- A loss of $0.16 per share is expected, with revenues of $95.35 million.

- Shares are trading at $10.87.

Despite the challenges, there are signs of a possible turnaround. Riot shares are above their 5, 20, and 50-day exponential moving averages. The relative strength index stands at 73.07, indicating overbought conditions.

Don't miss it! Riot's third-quarter conference call will take place tomorrow, October 30, at 4:30 PM Eastern Time. 🖥 Join the discussion in the comments!

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