Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for Monday, Februyar 11
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Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for Monday, Februyar 11 |
| Go to Video Show - "How to Make Money With Breakout Stocks" |
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By Leo Fasciocco -- TTD
Ticker Tape Digest presents its daily breakout and Short Selling report.
It contains Breakout Stocks and Stocks under 
Significant Accumulation.
Data is from tape action for the day. These stocks are most suitable for aggressive investors seeking ideal entry points for leading stocks.
These stocks will do very well during bull markets and strong market rallies.
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 corrections
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. TTD often suggests using stop buy orders to enter. It is very important to buy a breakout stock as close as possible to the break point. 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.
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.
Total Buy Breakouts so far today - 10
Stocks Screened - 8,200
Bull side - Breakout list expands modestly today. Some very good looking stocks moving out. Bulls be selective.
Long-Term Environment for bulls: Neutral
Market Status (Daily) - NYSE Bearish, Nasdaq Bearish
Market Status (Weekly) - NYSE Bearish, Nasdaq Bullish
CMP, based in Overland Park, Kansas, produces salt in North America and the United Kingdom. Annual revenues: $742 million. CMP breaks out from a well-formed eight-week flat base today. The move carries the stock to a new all-time high. CMP came public in 2004 and traded around 14 at that time. Today's breakout comes on volume of 1.1 million shares, double its normal daily volume of 540,000 shares.
TTD's clip of the tape highlights one of the largest trades of the session in CMP. It is a big block of 30,000 shares crossing on a nice up tick to $44.36 from $44.33. The action showed aggressive institutional buying.
TTD highlighted CMP as a breakout at our midsession show on the Web today.
CMP also produces sulfate of potash and magnesium chloride in North America.
The firm's salt products are used for highway deicing, consumer deicing, water conditioning, consumer and industrial food preparation, agriculture, and industrial applications. Many new home use salt in their water purifying systems.
Today, the company lifted its quarterly dividend to 33.5 cents a share, a 5% boost.
TTD's daily chart of CMP shows the stock climbing from 30 last August to 44 in December. The stock then went into a basing pattern that included three moves to the downside with the most severe being a trip down to 36. However, through it all, CMP was able to maintain the overall structure of its base which showed upside resistance near 44.
Today's breakout looks very solid as CMP has been able to hold its gain through out the bumpy session.
The stock's TTD momentum indicator (top of the chart) is extremely bullish.
The accumulation - distribution line (bottom of chart) has been working higher nicely. Note too on the cart the volume. The blue bars are showing big volume. That means volume on up days in price is heavy. TTD sees that as bullish.
This year, analysts predict CMP's earnings will jump 51% to $2.78 a share from an anticipated $1.84 a share. The stock sells with a price-earnings ratio of 16 based on projected 2008 profits.
Quarterly profits will show a modest accelerations. Net for the fourth quarter of 2007 should increase 33% to $1.06 a share from 80 cents a share a year ago.
The company is expected to report net on Tuesday, Feb. 12. CMP is benefiting from increased prices for its products.
Looking ahead to the first quarter of this year, analysts predict earnings should rise 36% to $1.09 a share from 80 cents a year ago.
Strategy Opinion: CMP has the strong earnings for its stock to do well in coming quarters. TTD is targeting CMP for a move to 54 within the next few months. A protective stop can be placed near 43. TTD rates CMP a good intermediate-term play that could surprise further on the upside.
Sponsorship: Good. The largest fund buyer lately was 4-star rated Fidelity Small Cap Stock Fund which purchased 418,000 shares. Another key buyer was Fidelity Small Cap Opportunities Fund, unrated, which added 123,000 shares.
Insider Activity: Neutral. Insiders have been light buyers using stock options. They have held their positions. Three analysts follow the stock, 2 have a buy, the same as three months ago.
| TTD's Breakout Profile
Rating Compass Minerals Intl. Inc. (CMP) |
| TTD Check List | Bullish | Bearish | Neutral |
| Near 52-week High | YES | ||
| Volume | YES | ||
| Tick Volume | YES | ||
| Price Trend - Daily | YES | ||
| Price Trend - Long Term | YES | ||
| Price Daily Spread | YES | ||
| Base Structure | YES | ||
| Base - A-D | YES | ||
| Earnings-Quarterly | YES | ||
| Earnings-Long Term | YES | ||
| Earnings Outlook | YES | ||
| Industry Group | YES | ||
| Prior Breakout Success | YES | ||
| Fund Sponsorship | YES | ||
| Total Score | 13 | 0 | 1 |
(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.
(Trading strategy: One should buy breakout stocks at breakpoint by using market order or stop buy)
Charts of Breakout Stocks
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 - 7
Stocks Screened - 8,200
Long-Term Environment for bears: Neutral
Bear Side - Small list of breakdown stocks today. Bears remain aggressive looking for damaged stocks to short. TTD's short play from Friday, Centene Corp. (CNC) falls 2.40 to 19 today. It is working well for bears.
(Trading strategy: These stocks can be sold short, or if held should be sold. If a stock is sold short, a protective stop buy should be placed. Short plays work best when the stock market is in a down trend.)
BLC, based in Dallas, is a media firm that operates television stations. The firm spun off its newspaper operations and that stock trades as A.H. Belo (AHC). BLC has annual revenues: $1.5 billion. BLC breaks down hard today. Volume is running at 1.5 million shares so far today. Its average daily volume is 1.4 million shares.
The stock is down some 3 points. TTD's clip of the tape shows a block of 1,300 shares crossing on a down tick to $13.10 from $13.14.
The company's spinoff firm publishes The Dallas Morning News; The Providence Journal; The Press-Enterprise in Riverside, Calif.; and the Denton Record-Chronicle in Denton, Texas.
BLC owns 20 television stations. It also owns or operates seven cable news channels and operates more than 30 Web sites.
BLC's operations have been weak For 2007, analysts expect the company report a 16% drop in net to $1.03 a share from $1.22 a share a year before. Net for the fourth quarter should decline 28% to 36 cents a share from 50 cents a year ago. Net for this year is expected to increase 13%.
TTD's daily chart shows BLC in a down trend and trying to hold support near 15. However, today it falls off the cliff. TTD is calling for BLC to decline to 10.50. We see the stock as good trading short for aggressive bears.
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. Some of the charts are from Telescan, Insight Trading, First Alert and other sources.)
