Daqo New Energy - Chart of the Day

Daqo New Energy (DQ) is the Chart of the Day.  The high flying Chinese Polysilicon manufacturer is on a rocket climb.  The stock has a Trend Spotter buy signal, Weighted Alpha of 481.60+ and gained 1,077.50% in the last year.

The Chart of the Day is Daqo New Energy (DQ).  I found the stock by sorting the New High List for Weighted Alpha and this stock has a WA of 481.60+.  Since the Trend Spotter signaled a buy back on 8/23 this stock has shot up 456.78%!

It is engaged in the manufacture and sale of high-quality polysilicon to photovoltaic product manufacturers. The polysilicon is further processed into ingots, wafers, cells and modules for solar power solutions.

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:

• 100% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 70.71% in the last month
• Relative Strength Index 69.53%
• Barchart computes a technical support level at 33.22
• Recently traded at 46.57 with a 50 day moving average of 27.10

Fundamental factors:

• Market Cap $321.87 million
• P/E 10.14
• The company keeps upping their shipment projections
• Only 2 Wall Street firms follow the stock and one is bullish and the other bearish
• On Motley Fool the individual investors who follow the stock give a 51% bull vs 49% bear vote

Please don't buy in at this level.  The only thing riskier than a small cap Chinese stock is a small cap Chinese stock that is up 1,077.50% in the last year.  You would be very foolish not to rake off some of the gains you've made.  Don't try to ride it all the way to the top.