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Zacks.com featured highlights include Solaris Oilfield Infrastructure, Alliance Resource Partners, and Richardson Electronics

For Immediate Release

Chicago, IL – May 19, 2022 – Stocks in this week’s article are Solaris Oilfield Infrastructure SOI, Alliance Resource Partners ARLP, and Richardson Electronics RELL.

3 Breakout Stocks to Keep an Eye On for Superb Returns

Breakout stocks are always searched by active investors. In other words, investors look for stocks whose prices are fluctuating within a specific band. It's prudent to offload the stock 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.

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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.

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 seven. Here're the three stocks to watch:

Solaris Oilfield Infrastructure manufactures and provides patented mobile proppant management systems which unload, store and deliver proppant at oil and natural gas well sites. Solaris Oilfield Infrastructure currently carries a Zacks Rank #2. SOI has an expected earnings growth rate of 1,166.67% for the current year.

Alliance Resource Partners is a diversified producer and marketer of coal to major U.S. utilities and industrial users. Alliance Resource Partners currently carries a Zacks Rank #3. ARLP has an expected earnings growth rate of 127.9% for the current year.

Richardson Electronics is a global provider of Engineered Solutions, serving the RF, Wireless & Power Conversion; Electron Device; Security; and Display Systems markets. Richardson Electronics currently carries a Zacks Rank #3. RELL has an expected earnings growth rate of 264% for the current year.

You can sign 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.

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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1925776/3-breakout-stocks-to-keep-an-eye-on-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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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

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
 
Richardson Electronics, Ltd. (RELL) : Free Stock Analysis Report
 
Alliance Resource Partners, L.P. (ARLP) : Free Stock Analysis Report
 
Solaris Oilfield Infrastructure, Inc. (SOI) : Free Stock Analysis Report
 
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