Daqo New Energy saw its IBD SmartSelect Composite Rating jump to 97 Thursday, up from 93 the day before.
The new score tells you the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Daqo New Energy Stock is now out of buy range after breaking out from a 48.83 entry in a consolidation pattern from late last year. Look for a new entry point to form as it has cleared the 200 day moving average.
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The stock sports an 87 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 87% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company posted 1,064% earnings growth for Q3. Sales growth climbed 367%, up from 231% in the prior quarter. The company has now posted increasing growth in each of the last two reports.
Daqo New Energy stock holds the No. 2 rank among its peers in the Energy-Solar industry group. Enphase Energy is the top-ranked stock within the group.
