HomeMarket NewsBIP Drops Below Key Moving Average: A Significant Shift in Market Trends

BIP Drops Below Key Moving Average: A Significant Shift in Market Trends

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Brookfield Infrastructure Partners Shares Dip Below Key Moving Average

Stock Performance Shows Significant Decline

In trading on Wednesday, shares of Brookfield Infrastructure Partners LP (Symbol: BIP) fell below their 200-day moving average, which stands at $31.18. The stock traded as low as $30.10 per share, reflecting a decline of approximately 6.4% for the day. The chart below illustrates the one-year performance of BIP shares in relation to this key moving average:

Brookfield Infrastructure Partners LP 200 Day Moving Average Chart

According to the chart, BIP’s lowest point in the past 52 weeks is $24.8401 per share, while the highest point reached was $36.50. The most recent trade price stood at $30.42.

nslideshow Click here to find out which 9 other energy stocks recently crossed below their 200-day moving average »

Additional Insights:

• BDSI Insider Buying
• Funds Holding BAND
• PERY Split History

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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