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3 Top Breakout Stocks to Keep on Your Radar: BRFS, PBI, EBC
BRFBRF(US:BRFS) ZACKSยท2024-07-11 19:45

Company Highlights - BRF is a Brazil-based food company focused on poultry, pork, beef cuts, milk, dairy products, and processed food, with an expected earnings growth rate of 210% for the current year [1] - Pitney Bowes is a global technology company facilitating billions of transactions in commerce, with an expected earnings growth rate of 100% for the current year [2] - Eastern Bankshares provides commercial banking products and services primarily to retail, commercial, and small business customers, with an expected earnings growth rate of 17% for the current year [3] Investment Strategy - The selected breakout stocks for today include BRF, Pitney Bowes, and Eastern Bankshares, which are expected to provide significant returns [7] - To identify breakout stocks, it is essential to calculate support and resistance levels, where support is the lower bound and resistance is the upper bound for stock movements [8] - A genuine breakout occurs when a stock's previous resistance level becomes its new support level, indicating a potential for considerable returns [11]