When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Star Bulk Carriers just met that criteria with a new score of 81.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating north of 80 as they launch their biggest price moves.
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Star Bulk Carriers is building a consolidation with a 25.03 entry. See if it can clear the breakout price in volume that is higher than normal. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
SBLK Earnings
Although earnings and sales growth came in at -74% and -39%, respectively, in the latest report, that shows two quarters of improvement for earnings and one for sales.
Star Bulk Carriers earns the No. 8 rank among its peers in the Transportation-Ship industry group. Capital Product Partners and Navios Maritime Ptrs are also among the group's highest-rated stocks.
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