On Wednesday, Valmont Industries received an upgrade to its Relative Strength (RS) Rating, from 78 to 82.
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IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating of above 80 as they launch their biggest price moves.
Valmont Industries is still inside a buy range after climbing above a 327.31 entry in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.
The company showed 0% EPS growth last quarter. Revenue increased -1%. Look for the next report on or around Jul. 22.
Valmont Industries holds the No. 6 rank among its peers in the Metal-Fabricators industry group. Insteel Industries, Mueller Industries and RBC Bearings are among the top 5 highly rated stocks 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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