09.06.2014 - We expect correction of the price of Belden

Belden's stock price reached a strong resistance level at 76.00, which is the nearest local maximum. To continue the upward movement, the price needs to gain a foothold above this level. In such case the price can rise to 80.00 and 83.00. In the near future we expect downward correction with the target of 72,00 and recommend to open short positions in the medium-term.

Nearest resistance levels: 78.00, 80.00, 83.00

Nearest support levels: 72.00, 67.90, 62.00

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