On Tuesday, Genco Shipping & Trading stock received an upgrade to its Relative Strength (RS) Rating, from 72 to 81.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
History shows that the best stocks typically have an 80 or higher RS Rating as they launch their biggest runs.
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Is Genco Shipping & Trading Stock A Buy?
Genco Shipping & Trading stock is not currently near a potential buying area. See if the stock goes on to build a chart pattern that could kick off a new price move.
The transportation company reported negative growth for both the top and bottom lines last quarter.
Genco Shipping & Trading stock earns the No. 16 rank among its peers in the Transportation-Ship industry group. Kirby Corp and Capital Product Partners are also among the group's highest-rated stocks.
