On Tuesday, Li Auto ADR hit an important technical benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 84, up from 79 the day before.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the best-performing stocks typically have an RS Rating of over 80 as they begin their biggest runs.
Li Auto ADR is building a with a 30.55 buy point. See if the stock can break out in heavy volume.
The company reported -24% earnings growth last quarter. Revenue gains came in at 1%.
Li Auto ADR earns the No. 5 rank among its peers in the Auto Manufacturers industry group. Ferrari is the top-ranked stock 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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