Zacks.com featured highlights include Bridgewater Bancshares, Eastern Bankshares and BrainsWay

For Immediate ReleaseChicago, IL – February 7, 2025 – Stocks in this week’s article are — Bridgewater Bancshares, Inc. BWB, Eastern Bankshares, Inc. EBC and BrainsWay Ltd. BWAY.3 Top-Ranked Breakout Stocks to Buy Now: BWB, EBC, BWAYSearching for breakout stocks within a specific price band is an active investing strategy. Consider selling if the price falls below the lower band and holding for gains if it exceeds the upper band when choosing breakout stocks.To that end, Bridgewater Bancshares, Inc., Eastern Bankshares, Inc. and BrainsWay Ltd. have been selected as the breakout stocks for today.Zeroing-In on Breakout StocksTo pick a breakout stock, calculate 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 at within a considerable period.In other words, the demand for a stock is at its lowest at its support level, which means that most traders are willing to sell it. Most traders are willing to go long on the stock at the resistance level, meaning they would like to add them to their portfolio. The key to identifying breakout stocks is to zero in on those on the verge of a breakout or those that have just broken above the resistance level.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 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 that may not seem attractive at first glance.These criteria narrow the universe of more than 6,853 stocks to only nine. Here are the top three stocks:Bridgewater BancsharesBridgewater Bancshares offers banking services to various clients in the United States, including real estate investors and entrepreneurs. BWB has an expected earnings growth rate of 31.4% for the current year.Eastern BanksharesEastern Bankshares offers banking products and services to retail, commercial, and small business customers. EBC has an expected earnings growth rate of 40.6% for the current year.BrainsWayBrainsWay develops and sells noninvasive neurostimulation treatments for mental health disorders globally. BWAY has an expected earnings growth rate of 130.8% for the current year.You can get the rest of the stocks on this list 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 test 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.For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2410748/3-top-ranked-breakout-stocks-to-buy-now-bwb-ebc-bway?art_rec=quote-stock_overview-zacks_news-ID01-txt-2410748Zacks 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 GiaquintoCompany: Zacks.comPhone: 312-265-9268Email: pr@zacks.comVisit: 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/performance for information about the performance numbers displayed in this press release.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.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 Bridgewater Bancshares, Inc. (BWB): Free Stock Analysis Report Brainsway Ltd. Sponsored ADR (BWAY): Free Stock Analysis Report Eastern Bankshares, Inc. (EBC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks