On Tuesday, Daqo New Energy ADR hit an important technical milestone, with its Relative Strength (RS) Rating climbing into the 90-plus percentile with an improvement to 94, up from 88 the day before.
IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating north of 80 as they launch their largest runs.
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Daqo New Energy ADR is not currently showing a potential buy point. See if the stock goes on to build a promising consolidation that could spark a new run.
While sales growth fell last quarter from -41% to -65%, EPS grew 0%, up from -86% in the previous report. The next quarterly results are expected on or around Oct. 30.
Daqo New Energy ADR holds 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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