The Relative Strength (RS) Rating for Valmont Industries entered a new percentile Wednesday, with an increase from 78 to 81.
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IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
Valmont Industries is now considered extended and out of buy range after clearing a 327.31 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher last quarter. Earnings were up 3%, compared to 0% in the prior report. Revenue increased from -1% to 1%.
The company holds the No. 5 rank among its peers in the Metal-Fabricators industry group. Mueller 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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