3 Stocks Showing Breakout Potential Ahead Of August

As August approaches, a relatively weak month for the stock market, investors should take a more active approach to stock selection, identifying potential breakout opportunities within defined trading ranges.

Going by this approach, a stock should be sold if it falls below the lower band, as this may signal further downside. Conversely, a move above the upper band indicates strengthening momentum, a potential breakout, and an opportunity to capture further gains.

Using this framework, these three stocks stand out as potential breakout stocks ahead of August.

This post originally appeared at Zacks.