Bitdeer Techs saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 85 to 91.
IBD's unique RS Rating identifies technical performance by showing how a stock's price action 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 tend to have an 80 or higher RS Rating in the early stages of their moves.
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Bitdeer Techs has risen 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 chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported 0% earnings growth last quarter, while sales growth came in at -40%.
Bitdeer Techs earns the No. 51 rank among its peers in the Financial Services-Specialty industry group. Marex Group, X Financial ADR and Corpay 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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