JinkoSolar Holding stock saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 70 to 89.
IBD'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.
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Is JinkoSolar Holdings Stock A Buy?
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 is the top-ranked stock within the group.
