Brookfield Infrastructure saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 70 to 73.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Brookfield Infrastructure can continue to show renewed price strength and clear that threshold.
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Brookfield Infrastructure is building a cup with handle with a 43.26 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Brookfield Infrastructure reported 0% earnings growth in the latest quarterly report, while sales growth came in at 3%.
The company holds the No. 83 rank among its peers in the Finance-Investment Management industry group. Blue Owl Capital, P10 and Ares Management are among the top 5 highly rated stocks within the group.
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