Solar Energy Stock Looks Poised for Massive Bounce

JinkoSolar Holding Co., Ltd  (NYSE:JKS) is up 11.7% to trade at $62.64 at last check, amid some broader-market tailwinds. After hitting a June 6, annual high of $68.85, the shares pulled all the way back to the $52 area, which coincides with a historically bullish trendline that may push the alternative energy stock higher in the coming months — thus adding to its 52% year-over-year lead.According to Schaeffer’s Senior Quantitative Analyst Rocky White’s latest study, JKS is within one standard deviation of its 60-day moving average. The security has seen six similar signals over the past three years, and was higher one month later 50% of the time, averaging a 19.3% gain for that period. A comparable move from JKS’ current perch would place it over the $74 mark for the very first time since January 2021.JKS 60 DayShort sellers have already started to hit the exits, but there is…

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