Go To TTD's Pre-Market Opening Breakout Watch Stock Lists Monday, March 10
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Go To TTD's Pre-Market Opening Breakout Watch Stock Lists Monday, March 10 |
| Go to Video Show - "How to Make Money With Breakout Stocks" |
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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 - none
Stocks Screened - 8,200
Bull side - No breakouts today. Bulls remain conservative and watchful.
Long- term Environment for bulls: Bearish
Market Status (Daily) - NYSE Bearish, Nasdaq Bearish
Market Status (Weekly) -NYSE Bearish, Nasdaq Bearish
(There were not beakouts today. So, TTD features a recent breakout play)
SD, based in Oklahoma City, Ok., is an oil and gas production company. Annual revenues: $587 million. SD is a stock that recently broke out from a base at 36. The stock has been holding above its breakpoint and weathering the stock market's decline. TTD see the stock as okay to enter as a partial position. Its ability to hold against the market's decline means it is demonstrating good relative strength. 
So far today, SD is up nicely. Volume is running at 661,750 shares. Its average daily volume is 1.2 million shares.
The stock showed good tape action on Friday afternoon. TTD's clip shows a big block of 35,000 shares crossing the tape on a modest up tick to $38 from the prior trade at $37.99.
The stock did show some big blocks today that went off on down ticks. However, the stock price has held up overall.
SD focuses on exploration and production, primarily in West Texas but also in East Texas and the Gulf Coast.
SandRidge operates drilling rigs, provides oil field services, and has gas gathering, marketing, and processing facilities.
As of Sept. 20, 2007, SD had 1.3 trillion cubic feet of natural-gas equivalent in reserves. In the third quarter of 2007, SD produced 175 million cubic feet of natural-gas equivalent per day.
TTD's daily chart shows the stock when it formed a cup-and-handle base. It then broke through upside resistance at 36. The stock has since followed through nicely to the upside and has been able to hold its breakout.
Technically, SD is acting well. The stock's TTD momentum indicator (top of chart) is still solidly bullish.
The accumulation - distribution line (bottom of chart) continues to trend higher. That says the stock is still under good buying.
TTD's intraday chart at 60 minutes (see below) shows SD in a trading range between 38 and 40. The technical pattern shows clear resistance at 40. A push through that zone could free the stock to move higher.
SD is one of those recent new issues that now has no "overhead resistance."
That means no one has bought at a higher price. So, the stock should be less inhibited from moving higher.
This year, analysts predict SD's earnings should climb to 41 cents a share from a loss of six cents a year ago. The highest estimate on the Street is for year net to hit 93 cents a share.
With the rising price for energy, SD could well surprise on the upside with its earrings.
For the upcoming first quarter, analysts predict net of 13 cents a share. Comparable figures were not available.
Strategy Opinion: SD is a strong acting stock. TTD sees potential for a move to 46 within the next few months, or sooner. A protective stop can be placed near 36. TTD rates SD an average intermediate-term play.
Sponsorship: Not available. The company has 141 million shares outstanding.
Insider Activity: Not available. Five analysts follow the stock, 3 have a buy, 2 are neutral.
| TTD's Breakout Profile
Rating Sandridge Energy Inc. (SD) |
| 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 | 10 | 1 | 3 |
(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)
None
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 - 12
Stocks Screened - 8,200
Long-Term Environment for bears: Neutral
Bear Side - Good number of breakdown stocks today. Bears continue to be aggressive. Market trend favors bears. TTD's feature short from Friday, Alkermes (ALKS) falls 0.42 to 10.84 to day.
(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.)
BSC, based in New York, is a financial services firm with about $400 billion in assets. Annual revenues: $6 billion. BSC's stock breaks down today with heavy volume after concerns circulated that the firm would face liquidity problems. Some of the firm's products were downgraded by Moody's. So far today, BSC is trading 26 million shares, almost four times its normal daily volume of 7 million shares. 
TTD's daily clip of the tape shows a key block trade in the morning. It was 75,000 shares crossing on a modest down tick to $66.98 from the prior trade at $66.99. The action showed heavy institutional selling pressure.
BSC focuses on the fixed-income markets. In 2006, fixed income accounted for 45% of revenue; institutional equities, 21%; investment banking, 12%; and wealth management, 9%.
The company is a significant player in the residential mortgage market. The firm also has a large prime brokerage, as well as securities-clearing businesses.
TTD's table shows the stock in a steady decline. Today, it breaks below key support near 66 with a big increase in volume. That is bearish. The stock's TTD momentum indicator (top of the chart) is deeply bearish. The accumulation - distribution line (bottom of chart) is in a steady down trend. That indicates the stock remains under clear selling pressure.
TTD is targeting BSC for a drop to 54 within the next few months, or sooner. The stock has the potential to break apart and turn into a big bear winner.
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.)
