On Thursday, the stock of Brookfield Infrastructure Partners LP (Symbol: BIP) showed an upward trend, crossing above their 200-day moving average of $31.49 to reach as high as $31.60 per share. This represents a 1.2% increase for the day. The chart below illustrates the one-year performance of BIP shares versus its 200-day moving average.
Analysis of the chart shows that BIP’s 52-week low point stands at $21.0287 per share, while the high point is $37.32. Comparatively, the last trade was recorded at $30.99.
For more insights, find out which other 9 energy stocks have recently crossed above their 200-day moving average here.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
