On Friday, Brookfield Renewable earned an upgrade to its Relative Strength (RS) Rating, from 68 to 76.
This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their biggest climbs. See if Brookfield Renewable can continue to show renewed price strength and hit that benchmark.
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While Brookfield Renewable is not near a proper buying range right now, see if it goes on to form and break out of a proper consolidation.
The company showed 0% EPS growth in its most recent report, while sales growth came in at 11%. The company is expected to report its latest numbers on or around Nov. 29.
Brookfield Renewable earns the No. 17 rank among its peers in the Energy-Alternative/Other industry group. Kenon Holdings, NET Power and Clearway Energy Cl A are among the top 5 highly rated stocks within the group.
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