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February 18 2020 - Stocks Flashing Renewed Technical Strength: Jinko Solar and Canadian Solar Shows Market Leadership With Jump To 93 RS Rating By Investors Business Daily

When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock that fits that bill is Jinko Solar (JKS), which saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 90 to 96.

When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's proprietary rating measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.

Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.

Jinko Solar has risen more than 5% past a 23.38 entry in a first-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Jinko Solar showed 8% earnings growth in its most recent report. Revenue increased 8%. Jinko Solar holds the No. 4 rank among its peers in the Energy-Solar industry group. Solaredge Technologies (SEDG) is the No. 1-ranked stock within the group.

When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock that fits that bill is Canadian Solar (CSIQ), which saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 84 to 93.

As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.

History shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.

Canadian Solar is trying to complete a with a 24.92 buy point. See if it can clear the breakout price in heavy volume.

Canadian Solar posted negative growth for both sales and earnings last quarter.

Canadian Solar holds the No. 6 rank among its peers in the Energy-Solar industry group. Solaredge Technologies (SEDG), Enphase Energy (ENPH) and Daqo New Energy (DQ) are among the top 5 highly rated stocks within the group.