The Relative Strength (RS) Rating for Brookfield Asset Mgmt jumped into a new percentile Monday, with a rise from 72 to 83.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the market's biggest winners often have an 80 or higher RS Rating as they begin their biggest runs.
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While it's not currently an ideal time to invest, see if the stock goes on to establish and enter a buy zone in heavy trade.
The company reported negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around May 6.
Brookfield Asset Mgmt earns the No. 22 rank among its peers in the Finance-Investment Management industry group. Acadian Asset Management, Sprott and Equitable Holdings 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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