Jinksolar Holding Co - Barchart's Chart of the Day

Summary:

Jinksolar Holding Co (JKS) is the Chart of the Day.  The solar products manufacturer has a Trend Spotter buy signal, a Weighted Alpha of 324.10+ and is up over 538.61% in the past year.

Article:

The Chart of the Day is Jinksolar Holding Co. (JKS).  The stock was found by sorting the New High List for Weighted Alpha then using the flipchart feature to review the charts. The stock is up 148.64% for the quarter and 489.62% over the last 6 months.

It is a solar product manufacturer with operations based in Jiangxi Province and Zhejiang Province in China. They have built a vertically integrated solar product value chain from recovered silicon materials to solar modules. It's principal products are silicon wafers, solar cells and solar modules which are all along the photovoltaic value chain, with a global network spanning across Europe, North America and Asia.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 30.38% in the last month
• Relative Strength Index 74.95%
• Barchart computes a technical support level at 22.13
• Recently traded at 23.82 with a 50 day moving average of 16.56

Fundamental factors:

• Market Cap $528.57 million
• Revenue expected to grow by 43.40% this year and another 15.50% next year
• Earnings are estimated to increase 102.30% this year, an additional 113.00% next year and continue to increase annually by 10.00% for at least the next 5 years
• Wall Street analysts issued a buy and a hold recommendation on this stock

When stock leap like this one you need to have discipline and jump out at signs of weakness.  Watch the 50 day moving average,