Brookfield Renewable Ptrs had its Relative Strength (RS) Rating upgraded from 63 to 80 Wednesday.
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This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of over 80 in the early stages of their moves.
Brookfield Renewable Ptrs is trading within a buying range after breaking past a 26.67 buy point in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
The company reported 0% earnings growth last quarter. Revenue rose 6%. The company is expected to report its latest performance numbers on or around Aug. 1.
Brookfield Renewable Ptrs earns the No. 22 rank among its peers in the Energy-Alternative/Other industry group. Bloom Energy, Enlight Renewable Energy and Centrus 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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