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Zacks.com featured highlights include International Money Express, Marten Transport and OFS Capital

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·5 min read
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For Immediate Release

Chicago, IL – March 16, 2022 – Stocks in this week’s article are International Money Express IMXI, Marten Transport MRTN, and OFS Capital OFS

3 of the Best Breakout Stocks to Buy for Superb Returns

Active investors are always searching for breakout stocks, or in other words, looking for stocks whose prices are fluctuating within a specific band. It's prudent to offload the stocks if it falls below the lower bound of this band. Similarly, once the stock breaks above this channel, it has all the chance of delivering strong gains.

Spotting Breakout Stocks

The first step to selecting the right breakout stocks is to calculate their support and resistance levels. A support level is the lower bound for stock movements, while a resistance level refers to the maximum price it trades over a considerable period.

In other words, the demand for a stock is at its lowest at its support level, which means most traders are willing to sell it. At the resistance level, most traders are willing to go long on the stock, meaning they would like to add them to their portfolio. The key to identifying breakout stocks is to pin down those on the verge of a breakout or those that have just broken above the resistance level.

Is It for Real?

Stocks that have breached their resistance level should ideally be in high demand among traders. But the test of whether this is a genuine breakout is whether they attain higher prices and the old barrier becomes new support. This is why it is important to determine whether a long-term price trend is about to emerge.

Only a study of long-term trends can determine whether the existing trading channel has been breached effectively. This indicates the strength of the support or resistance levels. If you can identify the effective channel for a stock, picking it even at a not-so-reasonable price would give you significant returns.

These criteria narrow down the universe of more than 6,853 stocks to only eight. Here're the top three stocks:

International Money Express offers wire transfer and other processing services to customers through a network of sending and paying agents located primarily in the District of Columbia and Puerto Rico as well as throughout Latin America. International Money Express currently has a Zacks Rank #2. The company's expected earnings growth rate for the current year is nearly 15%.

Marten Transport is a long-haul truckload carrier providing protective service and time-sensitive transportation in the United States. Marten Transport currently has a Zacks Rank #2. The company's expected earnings growth rate for the current year is 15.7%.

OFS Capital is a closed-end, non-diversified management investment company. It is engaged in providing capital to North American middle-market companies. OFS Capital currently has a Zacks Rank #2. The company's expected earnings growth rate for the current year is 21%.

For the rest of this Screen of the Week article please visit Zacks.com at:

https://www.zacks.com/stock/news/1882056/3-of-the-best-breakout-stocks-to-buy-for-superb-returns

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.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Contact: Jim Giaquinto

Company: Zacks.com

Phone: 312-265-9268

Email: pr@zacks.com

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

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/performancefor information about the performance numbers displayed in this press release.


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
 
Marten Transport, Ltd. (MRTN) : Free Stock Analysis Report
 
OFS Capital Corporation (OFS) : Free Stock Analysis Report
 
INTERNATIONAL MONEY EXPRESS, INC. (IMXI) : Free Stock Analysis Report
 
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