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Zacks.com featured highlights: TiVo, IAMGOLD, Guess, SeaChange International and P.A.M. Transportation Services


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For Immediate Release

Chicago, IL - June 21, 2017 - Stocks in this week's article include  TiVo Corporation (NASDAQ: TIVO - Free Report ), IAMGOLD Corporation (NYSE: IAG - Free Report ), Guess?, Inc. (NYSE: GES - Free Report ), SeaChange International, Inc. (NASDAQ: SEAC - Free Report ) and P.A.M. Transportation Services, Inc. (NASDAQ: PTSI - Free Report ).

Screen of the Week of Zacks Investment Research:

5 Affordable Breakout Stocks Providing Strong Returns

Picking breakout stocks is one of the most favored methods for those utilizing an active investing approach since this strategy promises superlative returns. This method involved zeroing in on those stocks whose prices are varying within a narrow band. If the price of the stock falls below this channel, it could be the best time to sell off this stock.

However, the best time to buy a stock as per this strategy is when it is about to break above this trading band. Such stocks offer the prospect of impressive gains.

Identifying Breakout Levels

The key to this strategy is calculating the support and resistance levels of a stock. The floor of a stock's trading channel is its support level and it should be sold as soon as it threatens to fall lower. On the other hand, the resistance is a stock's breakout level and it can gain substantially if it breaks the resistance level.

When a stock is close to its support level, demand is literally hitting the floor. On the other hand, demand rises when it is breaching its resistance level, signaling the right time to make a lucrative addition to your portfolio. The idea is to pick stocks which have just broken above their resistance barriers or are very closing to doing so.

Has a Genuine Breakout Occurred?

The primary risk associated with such a strategy is that the decision to buy an apparent breakout candidate has been incorrectly timed. When a stock moves above the resistance level, it should be a highly prized commodity for traders. However, whether such a breakout is at all genuine is another matter altogether.

For a bona fide breakout, the stock's earlier resistance barrier should become its new support level. This only happens if the trading channel that has been established is tested by observing long-term price trends. The strength of the support and resistance levels can be ascertained only through such a study. Despite the risk of misidentification, correctly identifying such stocks can yield considerable returns, even at a price which may not seem attractive at first glance.

Screening Parameters

Percentage price change over four weeks between 10% and 20% (Stocks which are showing considerable price increases, but whose gains are not excessive.)

Current Price /52-Week High greater than or equal to 0.9 (Stocks which are trading 90% close to their 52-week highs.)

Zacks Rank less than or equal to #2 (Only Strong Buy and Buy rated stocks can get through.)

Beta for 60 months less than or equal to 2
(Stocks which move by a greater degree than the broader market but within a reasonable limit.)

Current price less than or equal to $20 (Stocks which are reasonably priced.)

These criteria narrow down the universe of over 7887 stocks to only 19.

Here are the top five stocks that meet these criteria:

TiVo Corporation (NASDAQ: TIVO - Free Report ) is a provider of entertainment technology and audience insights on a global basis. TiVo has a Zacks Rank #1 (Strong Buy) and its average EPS surprise over the last four quarters is 67.6%.

IAMGOLD Corporation (NYSE: IAG - Free Report ) is an international gold exploration and mining company based in Canada. The stock has a Zacks Rank #1 and its average EPS surprise over the last four quarters 141.7%. You can see the complete list of today's Zacks #1 Rank stocks here .)

Guess?, Inc. (NYSE: GES - Free Report ) designs, markets, distributes and licenses casual apparel and accessories for men, women and children. Guess? has a Zacks Rank #2 (Buy) and its average EPS surprise over the last four quarters is 33%.

SeaChange International, Inc. (NASDAQ: SEAC - Free Report ) develops, markets and supports products to manage, store and distribute digital video for television operators, broadcast and telecommunications companies. SeaChange International has a Zacks Rank #2 and its average EPS surprise over the last four quarters is 26.4%.

P.A.M. Transportation Services, Inc. (NASDAQ: PTSI - Free Report ) is an irregular route, common and contract motor carrier authorized to transport general commodities. P.A.M. Transportation Services has a Zacks Rank #2 and its average EPS surprise over the last four quarters is 15.3%.

You can get the rest of the stocks meeting these criteria by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

Click here to sign up for a free trial to the Research Wizard today .

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance .

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Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: https://at.zacks.com/?id=111

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here https://at.zacks.com/?id=112

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros .

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Contact: Jim Giaquinto

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Email: pr@zacks.com

Visit: https://www.zacks.com/performance

Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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TiVo Corporation (TIVO): Free Stock Analysis Report

Iamgold Corporation (IAG): Free Stock Analysis Report

Guess?, Inc. (GES): Free Stock Analysis Report

SeaChange International, Inc. (SEAC): Free Stock Analysis Report

P.A.M. Transportation Services, Inc. (PTSI): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: TIVO , IAG , GES , SEAC , PTSI



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