Valaris had its Relative Strength (RS) Rating upgraded from 77 to 81 Tuesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest climbs.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out.
The company posted 78% earnings growth in the latest quarterly report, while sales growth came in at 1%.
Valaris holds the No. 1 rank among its peers in the Oil & Gas-Drilling industry group. Noble and Precision Drilling 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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