On Wednesday, Belden received an upgrade to its Relative Strength (RS) Rating, from 63 to 71.
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IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest runs. See if Belden can continue to show renewed price strength and clear that threshold.
While the stock is not near an ideal buy zone right now, see if it is able to form and break out from a proper base.
Taking a look at top and bottom line numbers, Belden has posted three quarters of increasing earnings growth. Sales gains have also moved higher during the same period. The company is expected to release its next quarterly numbers on or around May 1.
The company 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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