Star Bulk Carriers had its Relative Strength (RS) Rating upgraded from 77 to 81 Wednesday.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest climbs.
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Star Bulk Carriers is trading within a buy range after climbing above a 22.35 buy point in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity, but as of this writing it is not there yet.
SBLK Earnings Preview
Although earnings and sales growth came in at -74% and -39%, respectively, in the latest report, that marks two quarters of acceleration for EPS and one for the top line. Star Bulk Carriers is expected to report its next quarterly numbers on or around Feb. 14.
The company earns the No. 13 rank among its peers in the Transportation-Ship industry group. Euroseas and Okeanis Eco Tankers are also among the group's highest-rated stocks.
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