The Relative Strength (RS) Rating for Valaris entered a new percentile Friday, with a rise from 72 to 81.
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This unique rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating of over 80 in the early stages of their moves.
Valaris is not currently offering a proper buying opportunity. See if the stock goes on to build a promising consolidation that could kick off a new climb.
Earnings growth increased in the company's latest report from 271% to 780%, but revenue fell from 21% to 18%. The company is expected to report its latest results on or around Aug. 5.
The company holds the No. 1 rank among its peers in the Oil & Gas-Drilling industry group. Noble and ChampionX are also among the group's highest-rated stocks.
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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