Go To TTD's Pre-Market Opening Breakout Watch List -Wednesday, February 27
Go To TTD's Day Trades (win rate 80% for aggressive investors) for Wednesday, February 27
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Go To TTD's Pre-Market Opening Breakout Watch List -Wednesday, February 27 |
Go To TTD's Day Trades (win rate 80% for aggressive investors) for Wednesday, February 27 |
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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 - 9
Stocks Screened - 8,200
Bull side - Small list of breakouts today dominated by gold and silver stocks. The precious metal issues look good because of their strong earnings outlooks.
Long-Term Environment for bulls: Neutral
Market Status (Daily) - NYSE Bullish, Nasdaq Bullish
Market Status (Weekly) -NYSE Bullish, Nasdaq Bullish
AUY, based in Toronto, produces gold from stakes in Brazil, Argentina, and Central America. Annual revenues: $170 million. AUY breaks out today from a seven, week flat base. The move carries the stock to a new all-time high. It has been a sensational play since going public in 2004. It has climbed from 3 to 18. The stock's move higher today comes in concert with strength in other precious metal stocks.
TTD highlighted AUY as a breakout at our midsession show on the Web.
So far today, AUY is trading 15.1 million shares. Its average daily volume is 11.3 million shares.
The tape action was a bit mixed. TTD's clip of the tape highlights a block of 10,000 shares that crossed on a modest up tick to $18.48 from the prior trade at $18.47.
The company was started in 2003. The company has five producing mines, three development stage properties, and a number of exploration concessions.
With the pending acquisition of Meridian, the company is expanding both its resource ounces and production. Analysts expect the company to join the ranks of million-ounce producers.
TTD's weekly chart of AUY shows the stock working higher from 10 back in August to 18. The advance has been very orderly with pauses for consolidation.
TTD's daily chart shows the current basing pattern. Notice that AUY spent a few sessions near the top of it base around 17. Now it has begun to push higher.
The technical pattern for the price and volume is solidly bullish. The fact other precious metal stocks are moving higher means the industry is benefiting from strong buying in the market. Also, many of the companies in the group will be showing strong profits.
AUY's TTD momentum indicator (top of the chart) is strongly bullish. The accumulation - distribution line is improving.
AUY's earnings for 2007 should show a big improvement to 72 cents a share from just one cent a share a year ago. The stock sells with a price-earnings ratio of 25. TTD sees that as attractive given the good outlook for this year. The company will report 2007 results on March 25. Gold stocks are benefiting from higher prices.
Analysts project that AUY's profits this year will climb 57% to $1.13 a share from the anticipated 72 cents a share in 2007.
Profits for the first quarter leap 87% to 24 cents a share from 13 cents a year ago. The highest estimate on the Street is at 27 cents a share.
Strategy Opinion: AUY's breakout looks solid and is supported by strong earnings and strength in the gold sector. That is a good combination that could produce a winner. TTD is targeting the stock for a move to 23 within the next few months. A protective stop can be placed near 16.50. TTD sees AUY as a very good intermediate-term play because of its strong profit outlook.
Sponsorship: Extremely Bullish. The largest fund holder is Franklin God and Precious Metals Fund with a 2.1% stake. It was a recent buyer of 3.4 million shares. Another key buyer recently was Vanguard Precious Metals and Mining Fund, 5 star rated, which purchased 3.1 million shares.
Insider Activity: Not available. Right now, 11 analysts follow the stock, 9 have a buy, up from 8 three months ago.
| TTD's Breakout Profile
Rating Yamana Gold Inc. (AUY) |
| TTD Check List | Bullish | Bearish | Neutral |
| Near 52-week High | YES | ||
| Volume Expansion | 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 | 14 | 0 | 0 |
(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 - 4
Stocks Screened - 8,200
Long-Term Environment for bears: Neutral
Bear Side - Breakdown list remains small with special situation stocks showing fundamental damage. Bears be selective.
(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.)
DY, based in Palm Beach Gardens, Fla., provides specialty contracting services to telecom and cable operators in the U.S. Annual revenues: $1.2 billion. DY falls sharply today after reporting a loss for the fiscal second quarter ended Jan. 31. The stock has been under pressure for the past several weeks. TTD sees the stock moving even lower.
So far today, DY is trading 2.1 million shares, double its normal daily volume of 945,000 shares.
TTD's clip shows the stock getting off to a bearish start in the morning. TTD's clip shows a big block of 27,700 shares crossing the tape on down tick to 12.77 from the prior trade at $12.80. The action showed heavy institutional selling pressure.
DY reported a loss for the fiscal second quarter of 8 cents a share compared with a profit of 14 cents a share a year ago. The loss was a bearish surprise. The Street was looking for a profit of 4 cents a share.
The company also said net for the fiscal third quarter should be 8 to 13 cents a share. That was a disappointment too. The Street has been forecasting a profit of 20 cents a share, down from 27 cents a year ago.
DY provides engineering, construction, maintenance, and installation of copper, coaxial, and fiber-optic cable systems for communication carriers.
The firm also provides utility locating services for its customers. DY recently started operations in Canada..
TTD's daily chart shows the stock with a breakdown in early February followed by a feeble try to make a bottom. Today's fall signals good chances for even more on the downside. The stock's TTD momentum indicator (top of the chart) is very bearish and so is the accumulation - distribution line (bottom of chart). TTD is targeting DY for a decline to 9. TTD sees the stock as a very good short play for 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.)
