On Friday, Global Ship Lease stock hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 87 the day before.
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 movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 at the beginning of a new run.
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Is Global Ship Lease Stock A Buy?
Global Ship Lease stock has moved more than 5% past a 21.94 entry in a first-stage flat base, meaning it's now extended. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
In terms of fundamentals, the shipping company has posted rising EPS growth in each of the last two reports. Revenue growth has also moved higher over the same time frame.
Global Ship Lease stock holds the No. 4 rank among its peers in the Transportation-Ship industry group. Costamare is the top-ranked stock within the group.
