On Thursday, EHang Holdings ADR reached an important technical milestone, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 84, up from 79 the day before.
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IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest climbs.
While now is not an ideal time to jump in, see if the stock is able to establish and enter a buying range in heavy volume.
The company reported 0% earnings growth in its most recent report. Sales gains came in at 182%.
EHang Holdings ADR earns the No. 16 rank among its peers in the Aerospace/Defense industry group. Elbit Systems, Espey Mfg & Elec and Heico 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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