On Friday, Daqo New Energy ADR cleared a key technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 77 the day before.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating of above 80 as they launch their biggest price moves.
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Daqo New Energy ADR is not currently near a potential buy zone. See if the stock goes on to build a promising consolidation that could launch a new move.
The company reported 0% earnings growth last quarter. Sales rose -59%.
The company earns the No. 6 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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