Star Bulk Carriers saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 70 to 74.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest climbs. See if Star Bulk Carriers can continue to rebound 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 manages to offer and clear a proper buy point.
The company posted negative growth for both the top and bottom lines last quarter.
Star Bulk Carriers earns the No. 11 rank among its peers in the Transportation-Ship industry group. Global Ship Lease Cl A, Cap Clean Energy Carriers and Euroseas 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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