On Thursday, Brookfield reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an improvement to 84, up from 80 the day before.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the best stocks tend to have an RS Rating of over 80 as they launch their biggest climbs.
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Brookfield is working on a consolidation with a 62.78 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth rose last quarter from 15% to 22%. But sales fell from -16% to -21%.
The company holds the No. 87 rank among its peers in the Finance-Investment Management industry group. P10, Acadian Asset Management and StepStone Group are among the top 5 highly rated stocks 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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