Stocks With Rising Relative Strength: Daqo New Energy ADR

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique rating measures share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the last 52 weeks compares to all the other stocks in our database.

Over 100 years of market history shows that the market’s biggest winners typically have an RS Rating north of 80 as they launch their biggest price moves. See if Daqo New Energy ADR can continue to show renewed price strength and clear that threshold.


Looking For Winning Stocks? Try This Simple Routine


Daqo New Energy ADR is trying to complete a consolidation with a 77.28 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.

Daqo New Energy ADR reported 9% earnings growth in the latest quarterly report. Sales gains came in at 108%.

Daqo New Energy ADR holds the No. 3 rank among its peers in the Energy-Solar industry group. Array Technologies (ARRY) and Daqo New Energy ADR (DQ) are also among the group’s highest-rated stocks.

Categories