On Friday, Brookfield Infrastructure Corp (Ticker: BIPC) shares traded as low as $38.205, entering oversold territory with a Relative Strength Index (RSI) of 29.4, below the typical threshold of 30. This indicates potential exhaustion of selling momentum, compared to the average RSI of 46.4 for energy stocks.
BIPC’s 52-week trading range has been between $32.08 and $45.29, with the latest trade at $38.41, reflecting a decrease of about 1.6% on the day.
