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Home›Pulp magazines›Zacks.com strengths include Mercer International, Solaris Oilfield Infrastructure and Amalgamated Financial

Zacks.com strengths include Mercer International, Solaris Oilfield Infrastructure and Amalgamated Financial

By Timothy Voss
May 10, 2022
0
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For immediate release

Chicago, IL – May 10, 2022 – The stocks in this week’s article are Mercer International MERC, Solaris Oilfield Infrastructure SOI and Amalgamated Financial AMAL.

3 Best Breakout Stocks to Buy for Strong Returns

The active investing approach is generally to pick breakout stocks, or in other words, to look for stocks whose prices fluctuate within a specific range. It is prudent to unload the stock if it falls below the lower limit of this band. Likewise, once the stock breaks above this channel, it is likely to generate significant gains.

Focus on actions in small groups

In order to select the right breakout stock, one must first calculate its support and resistance level. A support level is the lower limit of stock movements, while a resistance level refers to the maximum price it trades in over a considerable period of time.

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

Did a breakout really happen?

The main risk associated with such a strategy is that the decision to buy an apparent candidate was not made at the right time. When a stock breaks above the resistance level, it should be a hot commodity for traders. Whether such an escape is genuine, however, is another matter altogether.

For a true breakout, the stock’s prior 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 only be determined by such a study. Despite the risk of misidentification, correctly identifying these stocks can generate considerable returns, even at a price that may not seem attractive at first glance.

Here are three of the five stocks that have passed the screen:

Mercier International owns and operates a diversified pulp and paper business in the southern German states of Saxony and Thuringia, in the former East Germany. Mercer International currently carries a No. 1 Zacks rank. MERC forecasts a 29.1% profit growth rate for the current year.

Solaris Oilfield Infrastructure manufactures and supplies patented mobile proppant management systems. Solaris Oilfield Infrastructure currently carries a Zacks rank of #2. SOI has an expected earnings growth rate of 983.3% for the current year.

Merged Financial is the bank holding company of Amalgamated Bank, a full-service commercial bank and chartered trust company. Amalgamated Financial currently sports a No. 1 Zacks rank. AMAL forecasts a 34.9% profit growth rate for the current year.

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For the rest of this article on Screen of the Week, please visit Zacks.com at: https://www.zacks.com/stock/news/1918467/3-top-breakout-stocks-to-buy-for -solid-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 the options mentioned herein. An affiliated investment advisory firm may hold or have shorted securities and/or hold long and/or short positions in options mentioned herein.

About the week screen

Zacks.com created the first and best screening system on the web, earning it the “#1 Stock Screening Site” accolade from Money Magazine. But powerful screening tools are just the start. That’s why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Solid stocks that should make headlines

Many are low profile and fly under Wall Street’s radar. They are almost unknown to the general public. Yet the 220 “strong buys” in today’s Zacks #1 ranking were generated by the stock picking system that more than doubled the market from 1988 to 2016. Its average gain was +25% per year. See these high-potential stocks for free >>.

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Zacks Investment Research is under common control with affiliated entities (including broker and investment adviser), which may engage in transactions involving the aforementioned securities for clients of such affiliates.

Contact: Jim Giaquinto

Company: Zacks.com

Phone: 312-265-9268

Email: [email protected]

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 about this resource to you subject to the Zacks “Terms and Conditions of Service” disclaimer. www.zacks.com/disclaimer.

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

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Click to get this free report

Mercer International Inc. (MERC): Free Stock Analysis Report

Solaris Oilfield Infrastructure, Inc. (SOI): Free Inventory Analysis Report

Amalgamated Financial Corp. (AMAL): Free Share 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.

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