Global Ship Lease stock had its Relative Strength (RS) Rating upgraded from 66 to 72 Tuesday — a welcome improvement, but still shy of the 80 or higher score you look for.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves. See if Global Ship Lease stock can continue to rebound and hit that benchmark.
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Is Global Ship Lease Stock A Buy?
Global Ship Lease stock is within a buy range after breaking past a 21.94 entry in a flat base. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
The containership company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -2% to 16%. Revenue rose from 1% to 8%. The company is expected to report its latest results on or around May 6.
Global Ship Lease stock earns the No. 5 rank among its peers in the Transportation-Ship industry group. Costamare is the No. 1-ranked stock within the group.
