JinkoSolar Holding (JKS) stock saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 70 to 89.
↑ XIBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating of over 80 as they launch their biggest climbs.
Looking For The Best Stocks To Buy And Watch? Start Here
JinkoSolar Holdings stock has been rallying and reclaimed its 200 day moving average, a bullish sign. While now is not an ideal time to buy shares, see if the solar stock goes on to offer and clear a proper buy point.
While the company's top line growth fell last quarter from -6% to -22%, the bottom line grew 0%, up from -66% in the previous report. Look for the next report on or around Oct. 25.
JinkoSolar Holdings stock holds the No. 2 rank among its peers in the Energy-Solar industry group. First Solar (FSLR) is the top-ranked stock within the group.
YOU MAY ALSO LIKE:
Learn How To Time The Market With IBD's ETF Market Strategy
Find Today's Best Growth Stocks To Watch With IBD 50
Find The Best Long-Term Investments With IBD Long-Term Leaders
How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.