For Immediate Release
Chicago, IL - April 17, 2019 - Stocks in this week's article are EXFO Inc. EXFO , Great Lakes Dredge & Dock Corporation GLDD , Clarus Corporation CLAR , Ur-Energy Inc. URG and Ladenburg Thalmann Financial Services Inc. LTS .
5 Breakout Stocks for Amazing Returns
Possibly the single most popular method utilized by active investors is to identify breakout stocks. This method seeks out stocks whose prices are varying within a tight range. In the event of a stock declining below the floor of this channel, it may be time to offload it from your portfolio. But if a stock manages to rise above this channel, it holds the possibility of delivering strong returns.
Picking Prospective Candidates
In order to identify breakout stocks, you must first determine their resistance and support levels. A resistance level is the barrier which must be broken so as to be identified as a breakout stock. Meanwhile, a support level is the floor for the stock's movement.
At the breakout level, the demand for the stock has peaked, making it a natural choice for traders. On the other hand, when a stock hits the support floor, traders are eager to offload it. In order to spot breakout stocks, you would have to see which of these are on the brink of breaking the resistance barrier or those that have just breached this level.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EXFO Inc (EXFO): Free Stock Analysis Report Great Lakes Dredge & Dock Corporation (GLDD): Free Stock Analysis Report Ladenburg Thalmann Financial Services Inc (LTS): Free Stock Analysis Report Ur Energy Inc (URG): Free Stock Analysis Report Clarus Corporation (CLAR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research