On Tuesday, Golden Ocean Group stock received a positive adjustment to its Relative Strength (RS) Rating, from 78 to 82.
IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Golden Ocean Group Stock A Buy?
Golden Ocean Group stock is building a consolidation with a 15.77 entry. See if the transportation stock can break out in volume at least 40% above average.
In terms of top and bottom line numbers, the company has posted rising EPS growth over the last four quarters. Revenue gains have also moved higher over the same time frame. The company is expected to report its next quarterly numbers on or around Aug. 28.
Golden Ocean Group stock earns the No. 12 rank among its peers in the Transportation-Ship industry group. Euroseas, Matson and Seanergy Maritime Hldgs are among the top 5 highly rated stocks within the group.
