On Monday, JinkoSolar Holding ADR hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 85, up from 79 the day before.
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This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest climbs.
While it's not currently an ideal time to buy shares, see if the stock goes on to offer and clear an appropriate buy point.
JinkoSolar Holding ADR posted 0% earnings growth last quarter. Revenue gains came in at -40%. Keep an eye out for the company's next round of numbers on or around Aug. 22.
JinkoSolar Holding ADR earns the No. 17 rank among its peers in the Energy-Solar industry group. Nextracker, SunRun and SolarEdge Technologies are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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