3 Top-Ranked Breakout Stocks to Buy Now: BWB, EBC, BWAY

Group 1: Breakout Stocks Strategy - The strategy involves identifying breakout stocks within a specific price band, suggesting selling if the price falls below the lower band and holding for gains if it exceeds the upper band [1] - Support and resistance levels are crucial for selecting breakout stocks, with support being the lower bound and resistance the upper bound for stock movements [2] - Genuine breakouts occur when a stock's previous resistance level becomes its new support level, which can be confirmed through long-term price trend analysis [5] Group 2: Screening Criteria - The screening criteria for breakout stocks include a percentage price change over four weeks between 10% and 20%, current price close to 52-week highs, and a Zacks Rank of 1 [6] - Additional criteria include a beta for 60 months less than or equal to 2 and a current price less than or equal to $20, narrowing the stock universe to only nine candidates [7] Group 3: Selected Breakout Stocks - Bridgewater Bancshares, Inc. (BWB) offers banking services with an expected earnings growth rate of 31.4% for the current year [7] - Eastern Bankshares, Inc. (EBC) provides banking products and services with an expected earnings growth rate of 40.6% for the current year [9] - BrainsWay Ltd. (BWAY) develops noninvasive neurostimulation treatments for mental health disorders, with an expected earnings growth rate of 130.8% for the current year [10]