On Thursday, Brookfield Asset Mgmt earned an upgrade to its Relative Strength (RS) Rating, from 80 to 84.
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IBD's unique RS Rating identifies market leadership by showing how a stock's price movement 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 tend to have an 80 or higher RS Rating in the early stages of their moves.
Brookfield Asset Mgmt is trying to complete a cup with handle with a 60.19 buy point. See if the stock can break out in heavy volume.
Brookfield Asset Mgmt saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -1% to 14%. Revenue rose from -6% to 22%. Look for the next report on or around Aug. 6.
Brookfield Asset Mgmt earns the No. 7 rank among its peers in the Finance-Investment Management industry group. Carlyle Group, Acadian Asset Management and WisdomTree 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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