This article is part of a series on the top 10 best-performing stocks added by our AI this year.Isn’t it a great feeling to catch a breakout that’s so clean it results in sustainable, longer-term gains?However, as the early signs of such breakouts can appear in a multitude of ways within a company’s balance sheet, spotting can prove very challenging - to say the least.
The AI tool seemed to have factored in a positive outlook for key financial metrics, aligning with IDEXX’s technical breakout momentum, which resulted in the perfect entry. The company’s stock rose 36% year-to-date by early December 2023, as analysts pointed to its strong operating margins and steady performance as a clear differentiator.Over the next five months, the stock surged 46% until May 1, 2024, hitting a peak around $159 before the rally cooled, and the stock has been in a slow, steady downtrend ever since.
Through rigorous analysis of hundreds of data points, ProPicks AI anticipated momentum in IDEXX Laboratories and Williams-Sonoma, seizing powerful entry and exit points that delivered impressive returns.ProPicks identified breakouts in these stocks, delivering nearly 45%+ gains by timing each move with near-perfect precision.
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