Star Bulk Carriers had its Relative Strength (RS) Rating upgraded from 69 to 77 Wednesday — a welcome improvement, but still short of the 80 or higher score you look for.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best stocks often have an RS Rating north of 80 as they begin their largest runs. See if Star Bulk Carriers can continue to show renewed price strength and clear that threshold.
Star Bulk Carriers is not currently showing a potential entry point. See if the stock goes on to build a chart pattern that could kick off a new price move.
While the company's top line growth fell last quarter from 17% to -11%, EPS grew 0%, up from -53% in the prior report. The company is expected to report its latest results on or around Aug. 6.
The company holds the No. 7 rank among its peers in the Transportation-Ship industry group. Euroseas, Global Ship Lease Cl A 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
