Bitdeer Techs had its Relative Strength (RS) Rating upgraded from 73 to 83 Thursday.
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This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the best stocks often have an RS Rating north of 80 as they begin their biggest price 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.
Bitdeer Techs reported 0% EPS growth last quarter, while sales growth came in at -41%. Look for the next report on or around Aug. 18.
The company earns the No. 58 rank among its peers in the Financial Services-Specialty industry group. IREN, Virtu Financial and Cboe Global 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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