On Tuesday, Pony AI ADR hit an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 87 the day before.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against all other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves.
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Pony AI ADR is now considered extended and out of buy range after clearing a 16.32 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed 0% EPS growth in the latest quarterly report, while sales growth came in at 101%.
Pony AI ADR earns the No. 5 rank among its peers in the Auto/Truck-Original Equipment industry group. Strattec Security is the top-ranked stock within the group.
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