3 Potential Breakout Stocks to Watch

Unless you’ve been living under a rock, you’ve heard the ranting and raving over artificial intelligence (AI) and ChatGPT. AI’s impact on the labor market is going to be unprecedented — and even the future of stock picking will be affected in a major way. Given enough time, AI and other quantitative approaches will dominate most money management and financial market strategies. In fact, we’re ahead of the curve in that department.

If you’ve been in the trading game a while, you know that investors with fantastic track records and decades of experience picking stocks are few and far between. And access to these folks is very limited. But in the future, we will have access to AI tools and quantitative systems that allow us to be the best investors we can be – by removing emotion from decision-making and following the data.

The stock market is a veritable treasure trove of data. And with the advent of machine-learning algorithms, it’s becoming a powerful tool for investors. In the next few years, it’s expected that most investors will turn to quantitative trading systems, powered by AI, to gain an edge in the market. Those who embrace this technology will have a significant advantage over those who don’t and will be able to make more informed and profitable trades.

That’s why our team has spent the past year developing a quantitative trading system to inform our investment strategies. We are using this quant tool to scan the market for the most high-quality breakout stocks. And by implementing machine-learning algorithms, we aim to create a robust system that helps us to greatly outperform the market.

Our back-tested results show that massive returns in 2023 are entirely achievable with our quant model. 

That’s why you need to get your hands on this breakthrough tech right away. It could be your ultimate tool to score enormous returns this year.

So, let me get to the reason you’re reading this right now: my “breakout trigger” event on April 5, at 4 p.m. Eastern. During this special broadcast, I’ll explain how our quant model works and even give away one stock that the model has identified as having a strong Stage-2 breakout.

Plus, I’ll even give you the chance to gain access to this model … 

This is a must-attend broadcast for anyone who is serious about making money in the stock market in 2023. 

During this event, I’ll reveal one stock that our system has flagged as a buy. And actually, this stock is among the following picks. The only way to know which one for certain is to attend on April 5!

Potential Breakout Stock #1: Nordic American Tankers Limited (NAT)

Nordic has been performing well in the past year, thanks to some favorable technical indicators that reflect its strong fundamentals and market position.

NAT stock’s moving average convergence divergence (MACD), a measurement of the momentum and trend direction of a stock, has been above the signal line and the zero line for most of 2023, indicating a bullish trend and positive momentum. The MACD also shows a recent crossover, where the MACD line crossed above the signal line, which is a strong buy signal.

Another technical indicator that has been boosting NAT’s stock price is the relative strength index (RSI), which measures the overbought or oversold condition of a stock. The RSI of NAT has been hovering around 50 for most of 2023, indicating a balanced market condition and a stable demand and supply for the stock. The RSI also shows a recent uptick, where the RSI moved above 50, which is a sign of increasing buying pressure and strength.

Bottom line: Whether or not Nordic’s upcoming earnings report can provide a further catalyst for its stock price remains to be seen. But with a regular dividend yield above 6%, NAT stock makes for a stable income-paying investment with solid underlying techincals. Will it go up in April? Our quant model can tell us the answer …

Potential Breakout Stock #2: Hims & Hers Health, Inc. (HIMS)

After a bullish run to start the year, Hims & Hers stock was dinged in the broad market selloff in early March and has been on a downtrend ever since.

What we’re seeing now is standard pullback/consolidation behavior. HIMS has simply became overextended, in terms of both its RSI chart and pushing the resistance line of its Stage-2 breakout channel.

Don’t let that fool you, though. HIMS stock had an explosive start to the year, and that sort of strength eventually gives way to a breather, which is what we’re seeing now.

What’s more, its breakout channel remains very strong in spite of the recent price action. And its moving averages are all sloping beautifully higher while the RSI is normalizing.

In fact, with the RSI now approaching oversold levels, we could see a turn and a new bullish push higher.

Bottom line: While HIMS has given back some profits, it remains in a very strong breakout channel. Will the stock power higher in April? It’s likely …

Potential Breakout Stock #3: Qualtrics International Inc. (XM)

Qualtrics International, a leading provider of software solutions for customer and employee experience management, took off like a rocket in March after a comparatively tame start to the year. The stock’s outsized performance has been driven by strong revenue growth, expanding margins, and positive earnings.

XM’s stock is currently trading above its 50-day and 200-day MA, indicating a bullish trend. The 50-day MA also crossed above the 200-day MA in February, forming a golden cross pattern that signals a long-term uptrend.

Currently, XM’s stock has an RSI of 58.6, suggesting that it is neither overbought nor oversold and has room for further upside.

Bottom line: XM has been showing strong technical indicators that support its bullish trend and growth potential. The stock is trading above its moving averages, has a moderate RSI, and has a low beta. These factors suggest that XM’s stock could continue to outperform the market and deliver value to its shareholders.

Final Word

Our Breakout Trader service is all about one thing: buying stocks in Stage-2 breakouts and selling them before they enter Stage-3 tops. 

To do that, we’ve programmed a complex parametric model that scans the entire U.S. stock market and finds stocks with technical characteristics similar to those in the early innings of Stage-2 breakouts. We screen those stocks, pick the best ones, buy them, and then sell them once that same model says they are entering Stage-3 tops. This means we are constantly buying stocks that are going up, selling them before they top out, and then moving on to the next batch of stocks moving higher.

We are constantly investing in stocks that will crush the market. 

Pretty simple, right?

It is – if you have the model. 

The fact of the matter is that accurately identifying stocks entering Stage-2 breakouts is a hard science. Doing so across thousands of stocks, every single week, is an impossible science… by hand.

But with our quant trading model, it is possible. More than that, it is something we’re already doing with great success. 

Get in on that success by learning about “the breakout trigger” on April 5. You have nothing to lose by joining, and the worst-case scenario is you leave with a free stock pick.

To sweeten the pot, if you sign up for our VIP Watchlist you will get our March scans of the best stocks to buy for April!

Sincerely,

Luke Lango