Down -6.43% in 4 Weeks, Here's Why You Should You Buy the Dip in International Seaways (INSW)

The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for INSW has increased 2.2%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term. Moreover, INSW currently has a Zacks Rank #2 (Buy), which ...