On Wednesday, Brookfield received an upgrade to its Relative Strength (RS) Rating, from 79 to 82.
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This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
Brookfield is working on a flat base with a 68.75 buy point. See if it can break out in heavy trade.
The company posted negative growth for both sales and earnings last quarter.
Brookfield holds the No. 42 rank among its peers in the Finance-Investment Management industry group. Carlyle Group, Acadian Asset Management and Acorn Energy 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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