On Friday, Bitdeer Techs got an upgrade to its Relative Strength (RS) Rating, from 89 to 92.
How To Use Stock Charts To Stay Profitable And Protected
IBD's proprietary rating measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating north of 80 as they begin their largest climbs.
Bitdeer Techs has moved more than 5% past a 10.00 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted 0% EPS growth in its most recent report, while sales growth came in at -41%. The company is expected to report its latest results on or around Aug. 8.
The company earns the No. 60 rank among its peers in the Financial Services-Specialty industry group. Jiayin Group ADR, X Financial ADR and FinVolution 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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