EHang Holdings Stock Shows Rising Relative Strength

EHang Holdings (EH) stock saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 69 to 81.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the last 52 weeks matches up against the rest of the market.

History reveals that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves.

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Is EHang Holdings Stock A Buy?

After hitting a 52-week high of 129.80 on Feb. 12, EHang Holdings stock has pulled back into a consolidation and trading below its 50- and 200-day moving average. It’ currently not in a proper buying range. 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. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

The Chinese company reported negative growth for both sales and earnings last quarter.

EHang Holdings stock earns the No. 41 rank among its peers in the Aerospace/Defense industry group. Textron (TXT) and Curtiss-Wright (CW) are also among the group’s highest-rated stocks. For more industry news, check out “Defense And Aerospace Stocks To Watch And Industry News.”


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