In a welcome move, Brookfield Infrastructure saw its Relative Strength Rating rise from 63 to 72 on Wednesday.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their largest price moves. See if Brookfield Infrastructure can continue to show renewed price strength and hit that benchmark.
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Brookfield Infrastructure is building a flat base with a 36.50 entry. See if the stock can break out in volume at least 40% above average.
The company showed 4% earnings growth in the latest quarterly report, while sales growth came in at 17%.
The company earns the No. 72 rank among its peers in the Finance-Investment Management industry group. Blue Owl Capital, P10 and KKR are among the top 5 highly rated stocks within the group.
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