Banking

Jinko Solar Stock Earns Relative Strength Rating Upgrade To 92

Jinko Solar (JKS) had its Relative Strength (RS) Rating upgraded from 88 to 92 Tuesday.

When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

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


See How IBD Helps You Make More Money In Stocks


Jinko Solar stock has been etching the right side of a cup-shaped consolidation, meaning it’s now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average. 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.”

 

Earnings growth rose last quarter from -92% to -77%, but revenue fell from 6% to 1%.

The solar company earns the No. 4 rank among its peers in the Energy-Solar industry group. Enphase Energy (ENPH) and Daqo New Energy (DQ) are among the top 5 highly rated stocks within the group.

YOU MIGHT ALSO LIKE:

MarketSmith’s Tools Can Help The Individual Investor

IBD Live: A New Tool For Daily Stock Market Analysis

Profit From Short-Term Trends With SwingTrader

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks

Most Related Links :
honestcolumnist Governmental News Finance News

Source link

Back to top button