Chart of the Day: Bel Fuse is on a Rise

The Chart of the Day belongs to the electric component company Bel Fuse (BELFB)    .  I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price appreciation.  Since the Trend Seeker signaled a buy on 4/28 the stock gained 18.34%.

Bel Fuse Inc. designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally. It offers magnetic solutions, such as integrated connector modules, power transformers, SMD power inductors and SMPS transformers, and ethernet discrete components. The company also provides power solutions and protection products comprising front-end power supplies, board-mount power, industrial and transportation power, external power, module, and circuit protection products. In addition, it offers connectivity solutions, which includes expanded beam fiber optic connectors, cable assemblies, and active optical devices; copper-based connectors/cable assemblies; radio frequency connectors, cable assemblies, microwave devices, and low loss cables; and ethernet, I/O, and industrial and power connectivity. The company sells its products under the Bel, TRP Connector, MagJack, Signal, Bel Power Solutions & Protection, Melcher, CUI, EOS, Stratos, Fibreco, Cinch, Johnson, Trompeter, Midwest Microwave, Semflex, and Stewart Connector brands through direct strategic account managers, regional sales managers working with independent sales representative organizations, and authorized distributors. Bel Fuse Inc. was incorporated in 1949 and is headquartered in Jersey City, New Jersey.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 147.08+Weighted Alpha
• 203.15% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 46.76% in the last month
• Relative Strength Index 73.01%
• Technical support level at $46.59
• Recently traded at $48.08 with 50 day moving average of $37.42

Fundamental Factors:

• Market Cap $584 million
• P/E 8.33
• Dividend yield .61%
• Revenue expected to grow 1.90% this year and another 1.50% next year
• Earnings estimated to increase 8.90% this year, and an additional 1.00% next year 

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts issued 1 strong buy, 1 buy opinions on the stock
• Analysts price targets are between $48 and $53 
• The individual investors following the stock on Motley Fool voted  37 to 6 for the stock to beat the market with the more experienced investors voting 9 to 1 for the same result
• Value Line gives it its highest rating of 1
• Zacks Comments:  Despite Fast-Paced Momentum, Bel Fuse (BELFB) Is Still A Bargain Stock - Given this price performance, it is no surprise that BELFB has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
• 3,680 investors monitor the stock on Seeking Alpha

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in  the next 72 hours.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.