Daqo New Energy ADR saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 70 to 81.
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This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves.
While Daqo New Energy ADR is not near a proper entry right now, see if it manages to form and break out from a proper consolidation.
The company posted 0% earnings growth in the latest quarterly report. Sales increased -70%. Keep an eye out for the company's next round of numbers on or around Jul. 31.
The company earns the No. 16 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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