It’s time to look for strong, potential breakout stocks. All as the outlook for the U.S. economy and the overall stock market start to improve. For one, there are multiple signs that the economy is not headed for a significant downturn.
With inflation expectations dropping and most experts agreeing that inflation will continue to fall, inflation and the Fed seem less worrisome. Given these points, medium-term and long-term investors should look for breakout stocks to buy at this point.
For this article, I looked for stocks that were trading above their key, 50-day, and 100-day moving averages. I also tried to find names with solid volume, underlying fundamentals, and high relative strength scores. Each of the stocks on this list will only have some of, not all of, these attributes.
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