On Monday, Valmont Industries received an upgrade to its Relative Strength (RS) Rating, from 66 to 73.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest runs. See if Valmont Industries can continue to show renewed price strength and hit that benchmark.
Valmont Industries is trying to complete a consolidation with a 379.22 buy point. See if the stock can break out in volume at least 40% higher than normal.
The company posted 0% earnings growth in the latest quarterly report, while sales growth came in at -1%.
Valmont Industries earns the No. 5 rank among its peers in the Metal-Fabricators industry group. Insteel Industries is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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