In a welcome move, Bitdeer Techs saw its Relative Strength Rating improve from 62 to 77 on Tuesday.
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IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Bitdeer Techs can continue to rebound and clear that threshold.
Bitdeer Techs has risen more than 5% past a 10.00 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted 0% EPS growth in its most recent report, while sales growth came in at -41%.
Bitdeer Techs holds the No. 62 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, Jiayin Group ADR and IREN 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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