Belden: The Trend Continues Down (BDC)
Jan 02, 2010 (SmarTrend(R) Spotlight via COMTEX) --
Company: Belden, Inc. (BDC)
SmarTrend identified a Downtrend for Belden (NYSE:BDC) on November 02, 2009 at $22.91. In approximately 2 months, Belden has returned 4.3% as of Thursday's closing price of $21.92.
Belden is currently below its 50-day moving average of $23.54 and should find support at its 200-day moving average of $19.92. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Belden.
Write to Chip Brian at cbrian@tradethetrend.com
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Company: Belden, Inc. (BDC)
Related terms: market, nyse, securities
