The Chart of the Day belongs to Safe Bulkers (SB). I found the dry bulk shipping stock by using Barchart to sort today’s Top Stocks to Own list by the highest Weighted Alpha. The Top Stocks to Own list has stock with the highest signal rating for both strength and direction and the Weighted Alpha ranks the stocks by weighted Alpha across the past year. Since the Trend Spotter signaled a buy in 6/13 the stock gained 35.71%.

Safe Bulkers is an international provider of marine dry bulk transportation services, transporting bulk cargoes, particularly grain, iron ore and coal, along worldwide shipping routes for some of the world’s largest consumers of marine dry bulk transportation services.

The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 32.92% in the last month
  • Relative Strength Index 70.53%
  • Technical support level at 3.16
  • Recently traded at 3.23 with a 50 day moving average of 2.58

    • Fundamental factors:

  • Market Cap $ 329.9 million
  • Revenue expected to grow 2450% this year and another 26.30% next year
  • Earnings estimated to increase 62.70% this year, an additional 154.50% next year and continue to compound at an annual rate of 14.60% for the next 5 years
  • Wall Street analysts issued 1 buy and 3 hold recommendations on the stock
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