Valaris had its Relative Strength (RS) Rating upgraded from 74 to 81 Tuesday.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their biggest runs.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear an appropriate buy point.
While revenue growth fell last quarter from 21% to 18%, earnings-per-share grew 780%, up from 271% in the previous report. Keep an eye out for the company's next round of numbers on or around Jul. 31.
The company earns the No. 1 rank among its peers in the Oil & Gas-Drilling industry group. Noble and Seadrill 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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