One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Brookfield Infrastructure just hit that mark, with a jump from 79 to 82 Monday.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
History reveals that the best stocks often have an RS Rating of over 80 as they launch their biggest price moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Brookfield Infrastructure is not currently near a potential buying area. See if the stock goes on to form a chart pattern that could launch a new move.
Brookfield Infrastructure reported 0% earnings growth last quarter. Sales rose 66%.
The company holds the No. 60 rank among its peers in the Finance-Investment Management industry group. KKR, Blue Owl Capital and WisdomTree are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
