On Thursday, Bitdeer Techs got an upgrade to its Relative Strength (RS) Rating, from 76 to 88.
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This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.
Bitdeer Techs is now considered extended and out of buy range after clearing a 10.00 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed 0% EPS growth in the latest quarterly report, while sales growth came in at -41%.
Bitdeer Techs holds the No. 56 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, IREN and Jiayin Group ADR are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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