Star Bulk Carriers stock had its Relative Strength (RS) Rating upgraded from 65 to 71 Wednesday -- a welcome improvement, but still shy of the 80 or better score you prefer to see.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their largest runs. See if Star Bulk Carriers stock can continue to rebound and clear that threshold.
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Is Star Bulk Carriers Stock A Buy?
Star Bulk Carriers stock is trying to complete a cup with handle with a 22.35 entry. See if the shipping stock can break out in volume at least 40% higher than normal. Keep in mind that it's a later-stage consolidation, and those entail more risk. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Although earnings and sales growth came in at -74% and -39%, respectively, in the latest report, that shows two quarters of improvement for EPS and one for the top line. The company is expected to report its next quarterly numbers on or around Feb. 14.
Star Bulk Carriers stock earns the No. 13 rank among its peers in the Transportation-Ship industry group. Euroseas and Okeanis Eco Tankers are also among the group's highest-rated stocks.
