Valvoline saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 94 the day before. The new score means Valvoline stock is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
It's kind of a big deal because the best stocks to buy and watch tend to have a 95 or better grade as they begin to launch a significant move.
Valvoline Stock In Buy Range
Valvoline stock is trading within a buy range from a 37.43 entry from a flat base. Its stock bottomed at an intraday low 24.40 in mid-October. From there it rose steadily until May 10 when it popped more than 12% on an outstanding earnings report. It closed at 38.41 Monday, down fractionally for the day but up about 57% since mid-October.
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Among its other key ratings Valvoline has a 63 Earnings Per Share Rating, in part on one weak quarter out of the last four. Last quarter it recorded an outstanding 64% year-over-year jump in earnings to 23 cents per share on a 16% rise in revenue to $344.5 million. The prior three stanzas its EPS rose 54%, 17% and then 0%.
On the positive side, its Accumulation/Distribution Rating of B, on an A+ to E scale with A+ best, shows moderate buying by institutional investors over the last 13 weeks.
Valvoline earns the No. 3 rank among its peers in the Retail/Wholesale-Auto industry group. Copart is the No. 1-ranked stock within the group.
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