The Relative Strength (RS) Rating for Global Ship Lease stock entered a new percentile Tuesday, with a rise from 68 to 75.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the best stocks often have an RS Rating of at least 80 as they begin their biggest runs.
Is Global Ship Lease Stock A Buy?
Global Ship Lease stock is working on a wide cup without handle with a 30.32 buy point. See if the transportation stock can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 5%, compared to 2% in the prior report. Revenue increased from 2% to 6%.
Global Ship Lease stock earns the No. 4 rank among its peers in the Transportation-Ship industry group. Cap Clean Energy Carriers is the top-ranked stock within the group.
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