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The Under $20 Breakout Trio Investors Shouldn't Ignore
BroadstoneBroadstone(US:BNL) ZACKSยท2025-09-15 20:01

Core Insights - An active investing strategy focuses on identifying breakout stocks within a specific price range, with guidelines to sell if prices fall below the lower band and hold for gains if they exceed the upper band [1] - Selected breakout stocks for today include Sally Beauty Holdings, Inc. (SBH), Broadstone Net Lease, Inc. (BNL), and Opus Genetics, Inc. (IRD) [1] Breakout Stock Selection - Breakout stocks are identified by calculating support and resistance levels, where support is the lower bound and resistance is the upper bound of stock movements [2] - Demand is lowest at the support level, indicating traders are willing to sell, while at the resistance level, traders are inclined to buy [3] Genuine Breakout Criteria - A genuine breakout occurs when the previous resistance level becomes the new support level, validated by long-term price trends [5] - Correct identification of breakout stocks can lead to significant returns, even if initial prices seem unattractive [5] Screening Criteria - Stocks must show a percentage price change over four weeks between 10% and 20% [6] - Current price must be at least 90% of the 52-week high [6] - Stocks must have a Zacks Rank of 1 (Strong Buy) or 2 (Buy) to ensure historical outperformance [6] Selected Stocks Overview - Sally Beauty Holdings, Inc. (SBH): Expected earnings growth of 8.9% for the year, currently holds a Zacks Rank 1 [9] - Broadstone Net Lease, Inc. (BNL): Anticipated earnings growth of 3.5% for the current year, currently holds a Zacks Rank 2 [10] - Opus Genetics, Inc. (IRD): Projected earnings growth of 74.4% for the year, currently holds a Zacks Rank 2 [11]