3 Strong Buy Breakout Stocks for Today

Core Insights - The article discusses an active investing approach focused on identifying breakout stocks, emphasizing the importance of support and resistance levels in stock price movements [1][2][3] Group 1: Breakout Stock Selection - Breakout stocks are identified by calculating support (lower bound) and resistance (upper bound) levels, with a focus on stocks nearing a breakout or those that have just surpassed resistance [2][3] - A genuine breakout occurs when the previous resistance level becomes a new support level, which can be validated through long-term price trend analysis [5] 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] - A Zacks Rank of 1, indicating strong buy potential [6] - A beta of 2 or less, indicating reasonable volatility compared to the broader market [7] - Current price less than or equal to $20, ensuring affordability [7] Group 3: Featured Stocks - AerSale Corporation (ASLE) is highlighted as a top breakout stock, supplying aircraft and engine parts globally, with an expected earnings growth rate of 261.1% for the current year [7] - Banco Bilbao Vizcaya Argentaria (BBVA) offers banking services across multiple regions, with an expected earnings growth rate of 7.4% for the next year [9] - Deutsche Lufthansa AG (DLAKY) operates in the aviation sector, with an expected earnings growth rate of 34.8% for the next year [10]