Valmont Industries had its Relative Strength (RS) Rating upgraded from 72 to 84 Thursday.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating of above 80 as they begin their biggest climbs.
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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.
Top and bottom line growth moved higher last quarter. Earnings were up 21%, compared to 0% in the prior report. Revenue increased from -3% to 2%. The company is expected to report its latest numbers on or around Apr. 22.
The company earns the No. 4 rank among its peers in the Metal-Fabricators industry group. Mueller Industries is the top-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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