Golden Ocean Group stock had its Relative Strength (RS) Rating upgraded from 69 to 72 Tuesday — a welcome improvement, but still short of the 80 or better score you prefer to see.
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an RS Rating north of 80 as they begin their largest price moves. See if Golden Ocean Group stock can continue to show renewed price strength and hit that benchmark.
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Is Golden Ocean Group Stock A Buy?
Golden Ocean Group stock reclaimed its 50- and 200-day moving averages. While the transportation stock is not near an ideal entry right now, see if it goes on to form and break out from a proper consolidation.
The dry bulk shipper reported 167% EPS growth in the latest quarterly report. Sales gains came in at 17%.
Golden Ocean Group stock holds the No. 11 rank among its peers in the Transportation-Ship industry group. Seanergy Maritime Hldgs, Costamare and Euroseas are among the top 5 highly rated stocks within the group.
