In a welcome move, Brookfield Infrastructure saw its Relative Strength Rating rise from 67 to 71 on Friday.
Can You Really Time The Stock Market?
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matched up against all other stocks.
History reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Brookfield Infrastructure can continue to rebound and hit that benchmark.
Brookfield Infrastructure is trying to complete a consolidation with a 45.29 buy point. See if it can break out in heavy volume.
Brookfield Infrastructure showed 1,457% earnings growth in its most recent report, while sales growth came in at 3%.
The company earns the No. 42 rank among its peers in the Finance-Investment Management industry group. Sprott, Patria Investments and Acadian Asset Management 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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