Daily - Go to TTD's Tape of  Stock Charts - Friday, February 1

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List and Performance - Friday, February 1, 2013

Ticker Tape Digest

Friday - February 1, 2013

By Leo Fasciocco -- TTD

   Ticker Tape Digest presents its daily stock market report containing stocks to go long as breakout trades, quick trades, or bargain trades. We also feature stocks under Significant Accumulation that are poised to breakout.

 The TTD report also contains stocks to short as  breakdown plays and as bargain (swing trade) shorts.

  Investors should  tend to try to go with a strategy that fits with the stock market's trend, unless there is a special situation play.

  TTD's Breakout Stocks - Long are most suitable for aggressive investors seeking ideal entry points into leading stocks, especially during bull markets. They can do extremely well in bull markets with gains of as much as several hundred percent.

 These stocks can also do extremely well during strong market rallies, or if they are in a industry group that is performing very well. They tend to have strong earnings outlooks and are near new-52 week, or all-time highs.

  TTD Quick Trade Stocks - Long These are leading issues that have pulled back in recent days, but could move higher soon. They are most suitable for Aggressive Investors willing to trade short term. These stocks will do extremely  well during market advances. They have about 74% win rate. During market rally sequences the win rate is even higher. The return is small 3% to 8% in just a few days.

 TTD's Bargain Buy Trades - Long - Long Term.  These are for conservative bullish Investors These long-term buys are ideally suited for entry into stocks on pull backs within overall up trend. These stocks can give a good return long-term especially during a bull market.

   TTD also presents Stocks To Sell or Sell Short. These issues are suitable for aggressive investors willing to take short positions both as trades or for longer-term plays. These stocks will do very well during bear markets or market pull backs.

  TTD's Bearish breakdown stocks to sell short. These issues have potential to fall sharply. They often show a technical breakdown and also some fundamental business problem such as weak earnings.  

 TTD's multi-media updates include a slide-show that presents charts and analysis at midsession. Some times TTD presents feature analysis on stocks and the market. TTD uses Windows Media Files. (WMV).

 TTD also presents a "Breakout Watch List" that is up dated daily. This list consists of key stocks in position to breakout. A close watch of this list can put you in the stock just as it breaks out. A good idea is to study the list and be ready to move into a stock quickly as it hits its breakpoint.

TTD often suggests using stop buy orders to enter. It is very important to buy a breakout stock as close as possible to the breakpoint. The idea is to get "elbow room" if the stock should follow through to the upside. This is very important in being successful in making big money with breakout stocks.

It is also essential to have a stop loss strategy for all stocks in which positions are taken. Not every stock will work as expected. It is important for investors to "police" their portfolios and avoid getting trapped in any bad positions.

 Quality rating of breakout  Two key factors: 1 - Stock near all-time in price or near a 52-week high. 2 - earnings growth current year is strong. The ideal play is a stock with an Above Average Quality Rating. The stock is near a new high and will have strong earnings. TTD's other ratings are Average and Below Average.

TTD also has  special feature sections on  Educational Tips on Investing.

To email Mr. Leo Fasciocco  leo@tickertapedigest.com.For service, email Beverly Owen owen@tickertapedigest.com. TTD’s Tel: 1-480-926-1680.

  Breakout Stocks

Total Buy Breakouts so far today -14

Overall Quality of Breakouts - Average

Stocks Screened - 8,300

Bull side - Large number of breakouts as stock market rallies strongly. Bulls be selective. Stock market moves into a generally bearish Month - February - extended to the upside.  

 (Put mouse on Dow chart to see Nasdaq chart)

Long Term Environment for bulls: Favorable

Market (Daily) - NYSE Bullish, Nasdaq Bullish

Market (Weekly) - NYSE Bullish, Nasdaq Bullish

Market  (Monthly) - NYSE Bullish, Nasdaq Bullish 

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action - February 1

(See Top Performing Breakout Stocks for 2011- 2012)

(The “breakout List” gives all stocks breaking out of a base of five weeks or more. These stocks have a good chance to trend higher. However, a stop should be used to avoid those that do not work. They are ranked according to percentage change and classified as leaders or other. (Trading strategy: One should buy breakout stocks at breakpoint by using market order or stop buy)All Timely Breakout Stocks From Tape Action Today )  

Today's Featured TTD Breakout Stock

Abaxis Inc. (ABAX) - 44.31, up 5.59 - Breakpoint 39.80

Hits All-time High, Net to Jump 31% in fiscal  2013, TTD Targets 52

   ABAX, based in Union City, Ca., makes portable blood analysts systems. Annual revenues: $167 million. ABAX's stock drives sharply higher to breakout from an eight month flat base. The move carries the stock to a new all-time high. So far today, ABAX is trading a heavy 872,081 shares, nine times its normal daily volume of 93,000 shares.

 TTD highlighted ABAX as a breakout at our midsession video show on the Web Friday.

  The stock participated well in the stock market's rally. ABAX gapped higher in the morning and hit an intraday high of 44.98. The stock then trended sideways the rest of the day.

  The company reported stronger than expected earnings for the fiscal third quarter ending December 20. The news propelled the stock higher.

  The push to a new high is very bullish.

  ABAX's tape action shows the recent big block trades.

  One can see the price for the blocks climbing from $38.32 to as high as $44.50.  

  A key bullish block came late on Thursday when 11,131 shares crossed the tape at $38.72. (duplicated). That was up from the prior block at $38.46.

  The tape showed excellent institutional accumulation.

  ABAX makes portable blood analysis systems for use in any patient-care setting to provide clinicians with rapid blood constituent measurements.

  The company's primary product is a system consisting of a compact 6.9 kilogram analyzer and a series of single-use plastic discs called reagent discs containing all the chemicals required to perform a panel of up to 12 tests.

  The system can be operated with minimal training and performs multiple routine tests on whole blood, serum or plasma using either venous or fingerstick samples.

  ABAX's 12-month performance chart shows the stock appreciating 58% versus an 18% gain for the S&P 500 index.

  ABAX's long-term chart shows the stock climbing from 2 in 2002 to a peak of 40 by 2007. The stock then was dragged down to 10 by 2008 due to the bear market. It has since turned and rallied strongly. The push to a new high could bring in more buying on Monday.  

  ABAX's daily chart shows the stock in six-month flat base. The breakout today is impressive coming with big volume and a gap move.

  The news of course was the catalysts for the big push higher. In those cases, the stock may need time to rest before pushing higher.

  ABAX's TTD momentum indicator (top of chart) is strongly bullish.

  The accumulation - distribution line (bottom of chart) hits a new peak. That is good confirmation of strong underlying buying in the stock.

  This fiscal year ending March of 2013 analysts are forecasting a 31% jump in net to 76 cents a share from 58 cents a year ago. The stock sells with a price-earnings ratio of 57. That is high. So, one needs to be watchful of the stock.

 Going out to fiscal 2014 ending in March, the Street projects a 43% jump in net to $1.09 a share from the anticipated 76 cents for fiscal 2013.

  Net for the upcoming fiscal fourth quarter ending in March should rise 20% to 25 cents a share from 21 cents a year ago. The highest estimate on the Street is at 29 cents a share.

  Strategy Opinion: TTD suggests a scale in strategy for ABAX. We are targeting the stock for a move to 52 off this breakout. A protective stop can be placed near 41.

  TTD rates ABAX a good intermediate-term play provided earnings meet expectations. The stock is most suitable for aggressive investors.

  Sponsorship: Excellent. The 5-star rated Brown Capital Management Small Co. Fund is the largest holder with a 7.3% stake. It has held its position steady.

  Also, 5-star rated Wasatch Small Cap Growth Fund has a 2.3% stake. It is holding steady.

  ABAX has 22 million shares outstanding. Institutions hold 90% of the stock.

  Insider Activity: Bearish. Insiders have been buyers around $13 using stock options. The sold around $38. Currently, 9 analysts follow the stock, 5 have a buy, up from 4 three months ago.

Stock Performance Chart with Quarterly Earnings Markers.

Charts of Selected Breakout Stocks

Ticker Tape Digest’s

Stocks To “Sell or Short”

Ticker Tape Digest’s Daily List of “Stocks To Sell or Sell Short” ranks stocks well timed to be sold immediately based on daily trading. The list can be used as an alert to reduce current long-term positions.

Shorts from tape action so far today - 4

Stocks Screened - 8,300

Long-Term Environment for bears: Unfavorable.

Bear Side - Only a few breakdown stocks today. Stock market rallies strongly off jobs numbers. Bears be conservative but watchful. February tends to be a bearish month. TTD's short from Thursday was Millennial Media Inc. ((MM) at 11.51. The stock has decline to 11.43 and is working well for bears.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Brinks Co. (BCO) - 27.65, down 2.17

Sees Difficult Earnings Comparisons Ahead, TTD Sees Drop to 24

  BCO, based in Richmond, Va., provides security services and cash management. Annual revenues: $3.9 billion. BCO's stock falls sharply today as the company said earnings comparisons in the first quarter will be difficult. So far today, BCO is trading 1.2 million shares, four times its normal daily volume of 261,000 shares. TTD sees more on the downside.

  TTD highlighted BCO as a short at our midsession video show on the Web Friday.

  BCO reported net for the fourth quarter rose to 57 cents a share from 33 cents a year ago.

  However, the market discounted the news and focused on concerns about the first quarter net.

  BCO's stock fell sharply in the morning ignoring the stock market's strong lift. The stock hit an intraday low of 26.50.

  It then lifted modestly in the late morning to trim some of its loss.

  BCO  said fourth quarter net benefited from improvement in Europe and North America.

 However, the company said the first quarter would be "challenging first-quarter, due to a strong year-over-year comparison in Latin America last year.

 The company said it sees its 2013 earnings "very difficult" to match 2012, as a result of an increase in productivity investments and its assumption of currency devaluation in Venezuela.

 BCO said it plans to divest its cash-in-transit or CIT operations in Germany and reported completion of divestitures of guarding operations in France and Morocco. Divestiture of its CIT business in Poland may close by March 31.

  BCO's provides secure transportation and cash management services and home security

  So far, analysts have been forecasting a 14% increase in BCO's net for this year at 14%.

   BCO's daily chart shows the stock breaking hard to the downside on expanding volume.

  Strategy Opinion:  TTD is targeting BCO for a decline to 24 within the next few months, or sooner. TTD would treat BCO as a trading short. A protective stop buy can be placed near 28.50

TTD takes no responsibility for trading by those using this information. The stocks presented in our report are those we deem the best looking "Day Trades" for the long side. We take no responsibility for the accuracy of this data, although every effort is made to present the information correctly. Copyright Ticker Tape Digest. - 2013

TTD columnist Leo Fasciocco has covered the stock market for over 20 years. His articles appear in many publications. He is also a speaker at the Intershow conferences. He has been on television and radio. He is author of many educational articles about stock investing and the book “Guide To High-Performance Investing.”

For information to subscribe to the Ticker Tape Digest Services call: B. J. Owen at 1-480-926-1680. Distributed by Corona Publishing Enterprises. Ticker Tape Digest Inc. P.O. Box 2044 Chandler, Az. 85244-2044. TTD “Professional Report” is available on the World Wide Web: $100 per month. Password needed. “TTD Professional“ Faxed is $200 per month. The TTD Daily Report is $39.95. Credit cards accepted.

(The information contained has been prepared from data deemed reliable but there is no guarantee of complete accuracy. Ticker Tape Digest Inc. is not affiliated with any broker, dealer or investment advisor. Nothing in this publication constitutes an offer, recommendation or solicitation to buy or sell any securities. Further research is advised. This report is copyrighted and no redistribution is permitted with out permission.)