On Monday, Belden hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 77 the day before.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating north of 80 as they begin their biggest runs.
Belden is trying to complete a consolidation with a 131.82 buy point. See if it can break out in volume at least 40% above average.
The company reported 29% EPS growth in its most recent report. Revenue increased 17%. Keep an eye out for the company's next round of numbers on or around Jul. 30.
Belden holds the No. 4 rank among its peers in the Telecom-Cable/Satellite Equipment industry group. Frequency Electronics 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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