Bullboard - Stock Discussion Forum Brookfield Infrastructure Partners LP T.BIP.PR.B

Primary Symbol: BIP Alternate Symbol(s): BIP.PR.B | T.BIP.PR.E | BRIPF | T.BIP.PR.F | T.BIP.UN | T.BIP.PR.A

Brookfield Infrastructure Partners L.P. is a global infrastructure company. The Company owns and operates in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. The Company’s segments include Utilities, Transport, Midstream, Data and Corporate. The Utilities segment consists of regulated transmission (natural gas and electricity) and commercial and... see more

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Brookfield Infrastructure Partners LP > Still Oversold

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Post by retiredcf on Oct 31, 2023 1:31pm

Still Oversold

The S&P/TSX Composite dropped another 1.9 per cent during the trading week ending with Friday’s close and is now down for the year at -0.62 per cent. The benchmark only barely avoided oversold territory with a Relative Strength Index (RSI) of that is right at the oversold RSI buy signal of 30.

There are even more oversold, technically attractive index constituents – 51 - by RSI this week than last. The five most oversold companies are Westshore Terminals Investment Corp., CI Financial Corp., IGM Financial Inc., Park Lawn Corp. and Laurentian Bank of Canada. Brookfield Infrastructure Partners and Canada Goose Holdings Inc. are also among the top 10 most oversold stocks.

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