When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Golden Ocean Group stock now meets that criteria, with a jump from 78 to 84 Thursday.
This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Is Golden Ocean Group Stock A Buy?
Golden Ocean Group stock is working on a consolidation with a 15.77 entry. See if the transportation stock can break out in heavy volume.
In terms of revenue and profits, the company has posted four quarters of accelerating earnings growth. Sales growth has also moved higher during the same period. The shipping firm is expected to report its next quarterly numbers on or around Aug. 28.
Golden Ocean Group stock holds the No. 12 rank among its peers in the Transportation-Ship industry group. Euroseas, Matson and Seanergy Maritime Hldgs are among the top 5 highly rated stocks within the group.
