Li Auto ADR saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 64 to 79.
IBD's proprietary rating identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Li Auto ADR can continue to show renewed price strength and clear that threshold.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to form a consolidation and break out.
The company showed -13% earnings growth in the latest quarterly report. Sales gains came in at 3%.
Li Auto ADR earns the No. 5 rank among its peers in the Auto Manufacturers industry group. Ferrari is the No. 1-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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