On Tuesday, Belden got a positive adjustment to its Relative Strength (RS) Rating, from 69 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 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 moving average.
Belden posted 29% EPS growth in the latest quarterly report. Sales rose 17%.
Belden holds the No. 3 rank among its peers in the Telecom-Cable/Satellite Equipment industry group. Frequency Electronics is the No. 1-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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