EHang Holdings ADR saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 67 to 71.
IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating of over 80 in the early stages of their moves. See if EHang Holdings ADR can continue to show renewed price strength and hit that benchmark.
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While the stock is not near a proper buy point right now, see if it manages to form and break out from a proper consolidation.
The company showed 0% earnings growth last quarter. Revenue gains came in at 366%.
EHang Holdings ADR holds the No. 30 rank among its peers in the Aerospace/Defense industry group. Howmet Aerospace, Espey Mfg & Elec and Tat Technologies are among the top 5 highly rated stocks within the group.
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