One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Daqo New Energy ADR now clears that threshold, with a jump from 63 to 88 Monday.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating of above 80 as they launch their biggest climbs.
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Daqo New Energy ADR is not currently showing a potential buy point. See if the stock goes on to form a base that could kick off a new climb.
While the company's top line growth fell last quarter from -41% to -65%, earnings-per-share grew 0%, up from -86% in the prior report. The company is expected to report its latest numbers on or around Oct. 30.
Daqo New Energy ADR earns the No. 2 rank among its peers in the Energy-Solar industry group. First Solar is the top-ranked stock within the group.
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