When building your watch list, look for stocks with an 80 or higher RS Rating. International Seaways just met that criteria with a new score of 85.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves.
International Seaways is now considered extended and out of buy range after clearing a 41.17 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Although earnings and sales growth came in at -57% and -24%, respectively, in the latest report, that marked acceleration for both the top and bottom lines.
International Seaways holds the No. 20 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. DT Midstream, Enbridge and Hess Midstream 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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