On Thursday, Brookfield cleared a key technical benchmark, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an upgrade to 83, an increase from 80 the day before.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an RS Rating of above 80 as they launch their biggest runs.
Brookfield is working on a consolidation with a 62.78 buy point. See if the stock can clear the breakout price in heavy trading.
While sales growth fell last quarter from -21% to -22%, earnings-per-share grew 22%, up from 15% in the previous report. Keep an eye out for the company's next round of numbers on or around May 8.
The company earns the No. 71 rank among its peers in the Finance-Investment Management industry group. Sprott, Acadian Asset Management and P10 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.
RELATED:
Stocks With Rising Relative Strength Ratings
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!
