On Monday, EHang Holdings ADR hit an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 83 the day before.
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IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out.
The company posted 0% EPS growth in the latest quarterly report. Sales gains came in at 182%. Keep an eye out for the company's next round of numbers on or around May 29.
EHang Holdings ADR earns the No. 12 rank among its peers in the Aerospace/Defense industry group. Leonardo DRS, Elbit Systems and Espey Mfg & Elec 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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