On Friday, XPeng ADR earned a positive adjustment to its Relative Strength (RS) Rating, from 79 to 88.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves.
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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 is able to offer and clear an appropriate buy point.
XPeng ADR posted 0% EPS growth in the latest quarterly report, while sales growth came in at 23%.
XPeng ADR holds the No. 4 rank among its peers in the Auto Manufacturers industry group. Tesla is the No. 1-ranked stock within the group.
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