Li Auto ADR had its Relative Strength (RS) Rating upgraded from 77 to 84 Thursday.
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This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
Li Auto ADR is not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could ignite a new run.
The company reported -13% earnings growth last quarter, while sales growth came in at 3%.
The company holds 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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