Bitdeer Techs saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 90 to 93.
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This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an 80 or better RS Rating at the beginning of a new run.
Bitdeer Techs has climbed 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 chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Bitdeer Techs posted 0% earnings growth last quarter, while sales growth came in at -40%. The next quarterly numbers are expected on or around May 15.
The company holds the No. 38 rank among its peers in the Financial Services-Specialty industry group. Marex Group, Tradeweb Markets and X Financial 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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