On Wednesday, Bitdeer Technology stock got a positive adjustment to its Relative Strength (RS) Rating, from 79 to 84.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they begin their biggest climbs.
Is Bitdeer Technology Stock A Buy?
Bitdeer Techs stock has recently reclaimed its 200-day moving average, but it's not in a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The fintech cryptocurrency company posted 0% EPS growth in the latest quarterly report. Sales increased 57%.
Bitdeer Technology stock holds the No. 54 rank among its peers in the Financial Services-Specialty industry group. IREN, X Financial ADR and Nasdaq are among the top 5 highly rated stocks within the group.
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