Valmont Industries had its Relative Strength (RS) Rating upgraded from 70 to 73 Friday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
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This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to the rest of the market.
History shows that the top-performing stocks often have an RS Rating of over 80 as they launch their largest price moves. See if Valmont Industries can continue to show renewed price strength and hit that benchmark.
While the stock is not near an ideal buying range right now, see if it is able to form and break out from a proper consolidation.
Valmont Industries reported 0% earnings growth in its most recent report, while sales growth came in at -1%. Keep an eye out for the company's next round of numbers on or around Jul. 22.
Valmont Industries earns the No. 7 rank among its peers in the Metal-Fabricators industry group. Mueller Industries, Insteel Industries and Kaiser Aluminum 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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