Brookfield Infrastructure Corporation (NYSE:BIPC) (TSX:BIPC) has a bullish technical setup with an uptrend that could continue
Dwight Galusha | June 30, 2021 | SmallCapPower: Brookfield Infrastructure Corporation (NYSE:BIPC) (TSX:BIPC) is starting to push higher from a continuation triangle and above horizontal resistance. This technical setup is bullish and suggests a continuation of the uptrend.
Brookfield Infrastructure is a global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe.
The company is focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows.
Brookfield Infrastructure recently reported record first-quarter 2021 net income of $190 million, or $0.27 per unit, compared with $119 million, or $0.13 per unit, during the same period last year. Its Funds from Operations (FFO), meanwhile, increased 20% year over year to $431 million.
BIPC has a currently yield of 2.8% and a total one-year return of about 63%.
Dwight Galusha is a Chartered Market Technician (CMT) whose work can be found at www.SetYourStop.com
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