Bitdeer Techs saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 86 to 91.
Here Are 3 Keys For Successful Stock Investing
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their 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 moving average.
Bitdeer Techs reported 0% earnings growth last quarter. Revenue gains came in at -41%. Look for the next report on or around Aug. 18.
The company holds the No. 48 rank among its peers in the Financial Services-Specialty industry group. IREN, CME Group Cl A and Nasdaq 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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