On Tuesday, JinkoSolar Holding ADR got an upgrade to its Relative Strength (RS) Rating, from 80 to 85.
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This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
While JinkoSolar Holding ADR is not near a proper entry right now, see if it is able to form and break out of a proper consolidation.
The company showed 0% earnings growth in the latest quarterly report. Revenue gains came in at -40%.
The company earns the No. 13 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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