JinkoSolar Holding ADR saw its IBD SmartSelect Composite Rating rise to 98 Thursday, up from 92 the day before.
The new rating is a sign the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
JinkoSolar Holding ADR is not currently near a proper buy zone. After four big up days in a row, the stock broke through the 200-day moving average. Now we look for the stock to form and break out of a new chart pattern.
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The stock earns a 94 EPS Rating, meaning its recent quarterly and annual earnings growth tops 94% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
In Q3, the company reported 1,700% earnings-per-share growth. Revenue growth fell to 106%, down from 129% in the prior quarter.
JinkoSolar Holding ADR holds the No. 4 rank among its peers in the Energy-Solar industry group. Canadian Solar is the No. 1-ranked stock within the group.
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