On Thursday, JinkoSolar Holding ADR hit an important technical milestone, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 85, up from 80 the day before.
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This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
While the stock is not near an ideal entry right now, see if it goes on to form and break out from a proper base.
JinkoSolar Holding ADR posted 0% earnings growth last quarter, while sales growth came in at -40%. The company is expected to report its latest numbers on or around Aug. 22.
JinkoSolar Holding ADR holds the No. 14 rank among its peers in the Energy-Solar industry group. Nextracker, First Solar 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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