When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. JinkoSolar Holding ADR just met that criteria with a new score of 83.
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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While the stock is not near a proper entry right now, see if it goes on to form and break out from a proper chart pattern.
While earnings growth declined last quarter from 0% to -98%, revenue grew -20%, up from -22% in the previous report.
The company holds the No. 7 rank among its peers in the Energy-Solar industry group. First Solar, SunRun and Daqo New Energy ADR are among the top 5 highly rated stocks within the group.
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