On Thursday, EHang Holdings ADR got an upgrade to its Relative Strength (RS) Rating, from 78 to 83.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against the rest of the market.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves.
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While the stock is not near an ideal entry right now, see if it is able to form and break out of a proper chart pattern.
The company reported 0% EPS growth last quarter, while sales growth came in at 366%.
The company holds the No. 22 rank among its peers in the Aerospace/Defense industry group. Howmet Aerospace, Embraer ADR and Innovative Sol & Support are among the top 5 highly rated stocks within the group.
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