Belden saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 94 the day before.
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The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength.
Belden is currently forming a consolidation, with a 131.82 entry. See if the stock can break out in heavy trade at least 40% higher than normal.
The stock sports a 95 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 95% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company posted 29% earnings-per-share growth. Top line growth fell to 17%, down from 21% in the prior quarter.
Belden holds the No. 2 rank among its peers in the Telecom-Cable/Satellite Equipment industry group. Frequency Electronics is the top-ranked stock within the group.
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