In a welcome move, Star Bulk Carriers saw its Relative Strength Rating rise from 68 to 73 on Friday.
Can You Really Time The Stock Market?
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 as they launch their largest climbs. See if Star Bulk Carriers can continue to show renewed price strength and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a consolidation and break out.
Earnings growth increased last quarter from -53% to 0%, but the top line fell from 17% to -11%. The next quarterly results are expected on or around Aug. 6.
Star Bulk Carriers holds the No. 8 rank among its peers in the Transportation-Ship industry group. Euroseas, Cap Clean Energy Carriers and ZIM Integrated Shipping are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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