Belden had its Relative Strength (RS) Rating upgraded from 70 to 73 Tuesday — a welcome improvement, but still below the 80 or higher score you look for.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Belden can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Belden has risen more than 5% past a 99.13 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Regarding top and bottom line numbers, the company has posted three quarters of increasing earnings growth. Revenue growth has also increased during the same period.
Belden earns the No. 6 rank among its peers in the Telecom-Cable/Satellite Equipment industry group. Frequency Electronics, Telesat Cl A and Belden are among the top 5 highly rated stocks within the group.
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