Star Bulk Carriers stock saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 66 to 75.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Star Bulk Carriers stock can continue to show renewed price strength and clear that threshold.
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Is Star Bulk Carriers Stock A Buy?
While the transportation stock is not near a proper buying range right now, see if the stock manages to form and break out from a proper chart pattern. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The dry bulk shipping company posted negative growth for both sales and earnings last quarter.
Star Bulk Carriers stock earns the No. 8 rank among its peers in the Transportation-Ship industry group. Global Ship Lease Cl A and Capital Product Partners are also among the group's highest-rated stocks.
