One important metric to look for in a stock is an 80 or higher Relative Strength Rating. EHang Holdings ADR cleared that benchmark Wednesday, with a jump from 73 to 81 Wednesday.
Looking For The Best Stocks To Buy And Watch? Start Here
IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest runs.
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 consolidation and break out.
The company showed 0% earnings growth in its most recent report. Revenue increased -58%.
EHang Holdings ADR holds the No. 47 rank among its peers in the Aerospace/Defense industry group. Espey Mfg & Elec, GE Aerospace 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.
RELATED:
Defense And Aerospace Stocks To Watch And Industry News
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
