Solar stocks and health care names are surging this week, and Daqo New Energy (DQ) and AMN Healthcare (AMN) are the Sector Leaders in their respective industries.
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DQ is sharply above a 53.70 buy point in a consolidation, while AMN is above its key moving averages and a 107.83 cup-with-handle entry.
DQ fell 2.8% on Friday but it’s still holding above the 21-day exponential moving average and its 50-day and 200-day lines.
Solar stocks got a boost this week when President Joe Biden said on Wednesday that he’s launching a $500 million program to place clean-energy demonstration projects atop current or former mine lands across the country.
DQ is ranked No. 1 in IBD’s solar energy group, which is now ranked No. 18 out of 197 industry groups. The China-based firm has a perfect Composite Score of 99, a perfect Relative Strength Rating of 99, and an almost-perfect EPS Rating of…