The “Chart of the Day” is Brookfield Infrastructure Partners (BIP), which showed up on Thursday’s Barchart “All-Time High” list. Brookfield Infrastructure on Thursday posted a new all-time high of $32.52 and closed up +1.21%. TrendSpotter has been long since April 27 at $31.92. Brookfield Infrastructure was last featured on “Chart of the Day” as of the close on January 4 of $28.58. In recent news on the stock, Brookfield Infrastructure on May 8 reported funds from operation of 58 cents, far above the consensus of 30 cents. BMO Capital on May 9 downgraded BIP to Market Perform from Outperform with a target of $33 due to valuation. Brookfield Infrastructure Partners, with a market cap of $4.2 billion, in an infrastructure REIT that owns and operates electricity transmission systems and timberlands in North and South America.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “All Time High” list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the “All Time Highs” menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the “Percent” column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
