3 Best Breakout Stocks to Buy Now: DRD, NWG, ORLA

Core Insights - The article discusses an active investing approach focused on identifying breakout stocks, emphasizing the importance of support and resistance levels in making investment decisions [1][2][3] Group 1: Breakout Stocks Selection - Breakout stocks are selected based on their price movements relative to established support and resistance levels, with a strategy to sell if prices drop below the lower band and hold for gains if they surpass the upper band [1][3] - The article identifies three breakout stocks for the day: DRDGOLD Limited, NatWest Group plc, and Orla Mining Ltd. [1] Group 2: Screening Criteria - The screening criteria for selecting breakout stocks include: - A percentage price change over four weeks between 10% and 20% [6] - Current price being at least 90% of the 52-week high [6] - Zacks Rank of 2 or better, indicating strong buy or buy ratings [6] - A beta for 60 months less than or equal to 2, indicating reasonable volatility [6] - Current price less than or equal to $20, ensuring stocks are reasonably priced [6] Group 3: Company Profiles - DRDGOLD Limited: A gold mining company with an expected earnings growth rate of 29.3% for the current year and a Zacks Rank of 1 [7] - NatWest Group: A provider of banking and financial products with an expected earnings growth rate of 6.8% for the current year and a Zacks Rank of 1 [9] - Orla Mining: Engaged in acquiring, exploring, and developing mineral properties, with an expected earnings growth rate of 60% for the current year and a Zacks Rank of 2 [10]