4 Top Breakout Stocks to Buy Now for Superb Returns

Zacks05-07

Active investors should pick breakout stocks for excellent returns. This method involves zeroing in on stocks whose prices vary within a narrow band. If the stock price falls below this channel, it ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2433203366?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/MjwyKd_nWoFvVBW.JFLfbw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/7e65418edbf7491f843b8e0de38cb899","is_english":true,"pubTime":"2024-05-07 18:43","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2433203366","market":"us","top_or_hot":-1,"title":"4 Top Breakout Stocks to Buy Now for Superb Returns","media":"Zacks","content":"<div>\n<p>Active investors should pick breakout stocks for excellent returns. This method involves zeroing in on stocks whose prices vary within a narrow band.\nIf the stock price falls below this channel, it ...</p>\n\n<a href=\"https://finance.yahoo.com/news/4-top-breakout-stocks-buy-104300986.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Top Breakout Stocks to Buy Now for Superb Returns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Top Breakout Stocks to Buy Now for Superb Returns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-07 18:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/4-top-breakout-stocks-buy-104300986.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Active investors should pick breakout stocks for excellent returns. This method involves zeroing in on stocks whose prices vary within a narrow band.\nIf the stock price falls below this channel, it ...</p>\n\n<a href=\"https://finance.yahoo.com/news/4-top-breakout-stocks-buy-104300986.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4531","symbol_name":"中概回港概念","start_time":0,"source_url":"https://finance.yahoo.com/news/4-top-breakout-stocks-buy-104300986.html","article_id":"2433203366","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/MjwyKd_nWoFvVBW.JFLfbw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/7e65418edbf7491f843b8e0de38cb899"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433203366","pubTimestamp":1715078580,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Active investors should pick breakout stocks for excellent returns. This method involves zeroing in on stocks whose prices vary within a narrow band.If the stock price falls below this channel, it could be the best time to sell it off. However, the best time to buy a stock per this strategy is when it is about to break above this trading band. Such stocks offer the prospect of impressive gains.To that end, Rush Street Interactive RSI, American Public Education APEI, Tencent Music Entertainment Group TME and Galiano Gold GAU have been selected as the breakout stocks for today.To select the right breakout stock, one must first calculate its support and resistance level. A support level is the lower bound for stock movements, while a resistance level refers to the maximum price it trades in within a considerable period.Rush Street Interactive is an online casino and sports bett","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4531":"中概回港概念","BK4108":"电影和娱乐","BK4571":"数字音乐概念","BK4509":"腾讯概念","BK4150":"赌场与赌博","BK4535":"淡马锡持仓","TME":"腾讯音乐","BK4526":"热门中概股","RSI":"Rush Street Interactive, Inc.","LU0359201612.USD":"贝莱德中国基金A2","BK4552":"Archegos爆仓风波概念","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","GAU":"Galiano Gold Inc.","BK4563":"昨日强势股","BK4548":"巴美列捷福持仓","APEI":"美国公共教育","BK4565":"NFT概念","BK4017":"黄金","BK4204":"教育服务"},"translate_title":"4大突破股票现在购买高超的回报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TME":1,"RSI":1,"GAU":1,"APEI":0.9},"content_text":"Active investors should pick breakout stocks for excellent returns. This method involves zeroing in on stocks whose prices vary within a narrow band.\nIf the stock price falls below this channel, it could be the best time to sell it off. However, the best time to buy a stock per this strategy is when it is about to break above this trading band. Such stocks offer the prospect of impressive gains.\nTo that end, Rush Street Interactive RSI, American Public Education APEI, Tencent Music Entertainment Group TME and Galiano Gold GAU have been selected as the breakout stocks for today.\nZeroing in on Breakout Stocks\nTo select the right breakout stock, one must first calculate its support and resistance level. A support level is the lower bound for stock movements, while a resistance level refers to the maximum price it trades in within a considerable period.\nIn other words, the demand for a stock is at its lowest at its support level, which means that most traders are willing to sell it. Most traders are willing to go long on the stock at the resistance level, meaning they would like to add it to their portfolio. The key to identifying breakout stocks is to zero in on the verge of a breakout or those that have just broken above the resistance level.\nHas a Genuine Breakout Occurred?\nThe primary risk associated with such a strategy is that the decision to buy an apparent breakout candidate has been incorrectly timed. When a stock moves above the resistance level, it should be a highly prized commodity for traders. However, whether such a breakout is genuine is another matter altogether.\nFor a bona fide breakout, the stock’s earlier resistance barrier should become its new support level. This only happens if the trading channel that has been established is tested by observing long-term price trends. The strength of the support and resistance levels can be ascertained only through such a study. Despite the risk of misidentification, correctly identifying such stocks can yield considerable returns, even at a price that may not seem attractive at first glance.\nScreening Criteria\n• Percentage price change over four weeks between 10% and 20% (Stocks showing considerable price increases but whose gains are not excessive.)\n• Current Price /52-Week High greater than or equal to 0.9 (Stocks trading 90% close to their 52-week highs.)\n• Zacks Rank less than or equal to #2 (Only Strong Buy and Buy rated stocks can get through.)\nWhether the market is good or bad, stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have a proven history of outperformance. You can see the complete list of today’s Zacks #1 Rank stocks here.\n• Beta for 60 months less than or equal to 2\n(Stocks that move more than the broader market but within a reasonable limit.)\n• Current price less than or equal to $20 (Stocks reasonably priced.)\nThese criteria narrow the universe of more than 6,853 stocks to only 17. Here are the top four stocks:\nRush Street Interactive is an online casino and sports betting gaming company. Rush Street Interactive currently carries a Zacks Rank #2. RSI has an expected earnings growth rate of 42.9% for the current year.\nAmerican Public Education is an online and campus-based postsecondary education provider. American Public Education currently carries a Zacks Rank #1. APEI has an expected earnings growth rate of 117.8% for the current year.\nTencent Music Entertainment provides an online music entertainment platform in China. Tencent Music Entertainment currently carries a Zacks Rank #2. TME has an expected earnings growth rate of 20.8% for the current year.\nGaliano Gold provides mining services. Galiano Gold currently carries a Zacks Rank #2. GAU has an expected earnings growth rate of 125% for the current year.\nYou can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.\nThe Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.\nClick here to sign up for a free trial to the Research Wizard today.\nDisclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.\nDisclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAmerican Public Education, Inc. (APEI) : Free Stock Analysis Report\nTencent Music Entertainment Group Sponsored ADR (TME) : Free Stock Analysis Report\nGaliano Gold Inc. (GAU) : Free Stock Analysis Report\nRush Street Interactive, Inc. (RSI) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433203366"}