On Wednesday, Valmont Industries received an upgrade to its Relative Strength (RS) Rating, from 78 to 91.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 at the beginning of a new run.
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Valmont Industries has moved more than 5% past a 346.77 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
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%.
Valmont Industries earns the No. 4 rank among its peers in the Metal-Fabricators industry group. Mueller Industries is the No. 1-ranked stock within the group.
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