Hut 8 Stock Moves Higher With Momentum Indicators Flashing Green

Benzinga_recent_news01-03

Hut 8 Corporation (NASDAQ:HUT) is in the spotlight Friday amid strength in Bitcoin. The company has also received a flood of analyst coverage over the past few weeks. Most recently, Keefe, Bruyette & ...

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The company has also received a flood of analyst coverage over the past few weeks.\nMost recently, Keefe, Bruyette & ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/01/49673118/hut-8-stock-moves-higher-with-momentum-indicators-flashing-green\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HUT","symbol_name":"Hut 8 Mining Corp","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/26/01/49673118/hut-8-stock-moves-higher-with-momentum-indicators-flashing-green","article_id":"2600062474","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/01/02/benzingaai2023-stock-market-trading-setu_0.png?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/trading-ideas/movers/26/01/49673118/hut-8-stock-moves-higher-with-momentum-indicators-flashing-green","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2600062474","pubTimestamp":1767377700,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Hut 8 Corporation (NASDAQ:HUT) is in the spotlight Friday amid strength in Bitcoin and recent momentum indicators.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HUT":"Hut 8 Mining Corp","BK4595":"比特币概念","BK4023":"应用软件","BK4600":"加密货币概念"},"translate_title":"Hut 8股票走高，动量指标闪烁绿色","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HUT":1},"content_text":"Hut 8 Corporation (NASDAQ:HUT) is in the spotlight Friday amid strength in Bitcoin. The company has also received a flood of analyst coverage over the past few weeks.\nMost recently, Keefe, Bruyette & Woods analyst Bill Papanastasiou maintained an Outperform rating on Hut 8 and raised the price target from $30 to $55. Furthermore, Canaccord Genuity analyst Joseph Vafi maintained a Buy rating on Hut 8 and raised the price target from $54 to $62.\nIn addition, Rosenblatt analyst Chris Brendler maintained a Buy rating on Hut 8 and maintained a $65 price target. Lastly, BTIG analyst Gregory Lewis reiterated a Buy rating on Hut 8 and maintained a $55 price target.\nHut 8 is currently showing strong bullish momentum, trading well above key moving averages. This positioning suggests a favorable technical setup for traders, indicating potential for continued upward movement.\nThe RSI is currently neutral, which means the stock isn’t in overbought or oversold territory. This neutral reading implies that there’s room for price movement in either direction without immediate pressure from momentum indicators.\nMACD is currently above its signal line, indicating bullish momentum in the stock. This suggests that the trend is strong, and traders might see further price appreciation if this momentum continues.\nKey resistance is set at $54.00, while support levels are currently undefined. If the stock approaches the resistance level, traders should watch for a potential breakout, while a drop could signal a trend reversal if support is established.\nThe golden cross in July indicates a shift in momentum, with the 50-day SMA crossing above the 200-day SMA. This crossover typically signals a longer-term bullish trend, reinforcing the current positive outlook.\nOver the past 12 months, Hut 8 Corp. has experienced a remarkable 130.01% increase. This strong performance highlights the stock’s upward trajectory and suggests that the bullish sentiment may persist.\nCurrently, the stock is trading at 85.4% of its 52-week range, indicating it’s closer to its highs than lows. This positioning suggests that traders should be cautious of potential pullbacks but also optimistic about the stock’s strength.\nTraders should keep an eye on the resistance level at $54.00, as a break above could lead to further gains. The overall technical picture remains bullish, with strong momentum indicators supporting the upward trend.\nSee Also: Baidu Begins 2026 With A Strong AI Move, Stock Soars\nHUT Price Action: At the time of writing, Hut 8 shares are trading 12.8% higher at $51.83, according to data from Benzinga Pro.\nThis illustration was generated using artificial intelligence via Midjourney.\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2600062474","isCrawlerRequest":true}