Belden Inc (BDC) : Traders are bullish on Belden Inc (BDC) as it has outperformed the S&P 500 by a wide margin of 3.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.61% in the last 1 week, and is up 3.55% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.69% and the 50-Day Moving Average is 8%.The 200 Day SMA reached 27.19%. Belden Inc. is up 12.67% in the last 3-month period. Year-to-Date the stock performance stands at 57.56%.
Belden Inc (NYSE:BDC): After opening at $74.36, the stock dipped to an intraday low of $74.34 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $75.9058 and the buying power remained strong till the end. The stock closed at $75 for the day, a gain of 1.83% for the day session. The total traded volume was 190,863. The stocks close on the previous trading day was $73.65.
Belden Inc. is a signal transmission solutions provider. The Companys portfolio of signal transmission solutions provides industry secure and reliable transmission of data, sound, and video for mission critical applications. The Company operates in four segments: Broadcast Solutions, which provides production, distribution, and connectivity systems for television broadcast, cable, satellite and IPTV industries; Enterprise Connectivity Solutions, which provides network infrastructure solutions for enterprise customers; Industrial Connectivity Solutions, which provides infrastructure components and connectivity systems for a range of industrial automation applications and Industrial IT Solutions, which provides mission-critical networking systems. Its brands include Belden, Alpha Wire, Mohawk, West Penn Wire, Hirschmann, SignalTight, GarrettCom, Poliron, Tofino, PPC, Grass Valley, ProSoft Technology and Tripwire. It sells products to distributors, end-users, installers and OEMs.