In a welcome move, Brookfield Renewable saw its Relative Strength Rating rise from 64 to 77 on Tuesday.
This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating of above 80 as they launch their biggest runs. See if Brookfield Renewable can continue to rebound and hit that benchmark.
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Brookfield Renewable is not currently near a potential buy zone. See if the stock goes on to build a chart pattern that could ignite a new run.
The company reported 0% earnings growth last quarter. Sales gains came in at -7%. Keep an eye out for the company's next round of numbers on or around May 2.
Brookfield Renewable holds the No. 11 rank among its peers in the Energy-Alternative/Other industry group. Kenon Holdings, Clearway Energy Cl C and Clearway Energy Cl A 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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