Bitdeer Techs had its Relative Strength (RS) Rating upgraded from 85 to 91 Monday.
How To Use Stock Charts To Stay Profitable And Protected
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 at the beginning of a new run.
While the stock is not near a proper buying range right now, see if it is able to form and break out from a proper base.
The company posted 0% earnings growth in the latest quarterly report, while sales growth came in at -40%. Keep an eye out for the company's next round of numbers on or around May 15.
The company holds the No. 43 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, Marex Group and Tradeweb Markets 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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