The Relative Strength (RS) Rating for Belden entered a new percentile Tuesday, as it got a lift from 68 to 71.
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This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best stocks typically have an 80 or better RS Rating in the early stages of their moves. See if Belden can continue to show renewed price strength and hit that benchmark.
Belden is now considered extended and out of buy range after clearing a 99.13 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Belden showed 29% earnings growth last quarter. Sales rose 17%.
Belden holds the No. 5 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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