On Thursday, Global Ship Lease stock earned a positive adjustment to its Relative Strength (RS) Rating, from 67 to 75.
This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves. See if Global Ship Lease stock can continue to rebound and hit that benchmark.
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Is Global Ship Lease Stock A Buy?
Global Ship Lease stock recently reclaimed its 50-day moving average and is building a consolidation with a 30.32 buy point. See if the transportation stock can clear the breakout price in volume at least 40% above average.
The container shipping company showed 18% earnings growth in the latest quarterly report. Sales rose 8%.
Global Ship Lease stock earns the No. 6 rank among its peers in the Transportation-Ship industry group. Seanergy Maritime Hldgs, Euroseas and Costamare are among the top 5 highly rated stocks within the group.
