Ehang Holdings Ltd Cl A Scores Relative Strength Rating Upgrade

When looking for the best stocks to buy and watch, focus on those with rising relative price strength.

One stock that fits that bill is Ehang Holdings Ltd Cl A (EH), which saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 89 to 92.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s unique RS Rating identifies 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.

Decades of market research reveals that the market’s biggest winners tend to have an 80 or better RS Rating as they launch their largest price moves.

See How IBD Helps You Make More Money In Stocks

Ehang Holdings Ltd Cl A is now considered extended and out of buy range after clearing a 14.03 buy point in a first-stage cup with handle. 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 reported negative growth for both the top and bottom lines last quarter.

Ehang Holdings Ltd Cl A earns the No. 40 rank among its peers in the Aerospace/Defense industry group. Teledyne Technologies (TDY), Textron (TXT) and Embraer (ERJ) are among the top 5 highly rated stocks within the group.


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