Go To TTD's Pre-Market Opening Breakout Watch Stock Lists Friday, March 14
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Go To TTD's Pre-Market Opening Breakout Watch Stock Lists Friday, March 14 |
| 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 - 1
Stocks Screened - 8,200
Bull side - Slim pickings for bulls. Only one breakout and it is an Amex mining stock. Bulls remain alert and watchful as stock market remains choppy.
Long- term Environment for bulls: Bearish
Market Status (Daily) - NYSE Bullish, Nasdaq Bullish
Market Status (Weekly) -NYSE Bearish, Nasdaq Bearish
AZK, based in Vancouver, is a gold exploration company with activities in North-Western Quebec. Annual revenues: $1 million. AZK reemerges from a five-month flat base today and hits a new high. The stock is a hot low-priced gold mining play. It was about $1 back in 2005. Today's breakout comes on volume of $7.4 million shares. The stock's average daily volume is 8.5 million shares. The company has 146 million shares outstanding.
TTD highlighted the stock as a breakout at midsession show on the Web.
TTD spotted strong accumulation in AZK late on Thursday. Our clip of the tape shows a big block of 337,200 shares crossing on a big up tick to $4.96 from the prior trade at $4.87.
The action indicated significant accumulation right before the stock reemerged from is base. TTD's daily chart shows a significant jump in volume for AZK for Thursday and Friday.
AZK's properties include the Sleeping Giant mine (50% ownership) and Casa Bernardi project (100% ownership).
The Casa Bernardi project is in the development stage, but is estimated to held an initial mine-life of about 5.5 years and contains mineral reserves of about 1.6 million tones with nearly 500,000 ounces of gold.
TTD's daily chart of AZK shows the stock with a breakout from a base with upside resistance around $4.70 in February. However, the stock drifted back on light volume.
Now, AZK is pushing higher and emerging from the base on strong volume. The technical pattern is very bullish. Also, the stock's TTD momentum indicator (top of the chart) is strongly bullish.
The accumulation - distribution line (bottom of chart) is hitting a new peak. That confirms the stock's price advance is being supported by good buying.
TTD's long-term chart shows AZK in a bull market phase like many of the gold issues, which are benefiting from the sharp rise in the price of the precious metal.
This year, analysts predict AZK's earnings will jump 165% to 34 cents a share from an anticipated 13 cents a year ago. The stock sells with a price-earnings ratio of just 15 based on projected 2008 net.
TTD sees that as reasonable for a speculative mining issue.
Strategy Opinion: AZK is obviously a very speculative breakout. However, the stock is part of the strong acting gold sector. TTD sees the stock as suitable only for aggressive investors. We are targeting AZK for a move to $7,50 within the next few months, or sooner. A protective stop can be placed near 4.20. TTD rates the stock more of a trading play.
Sponsorship: Good. The second largest fund holder is USAA Precious Metals and Minerals Fund with a 2.5% stake. The 4-star rated fund was a recent buyer of 500,000 shares. The largest fund holder is 3-star rated First Eagle Gold Fund with a 3.2% stake.
Insider Activity: Not available. Two analysts follow the stock and both have a strong buy.
| TTD's Breakout Profile
Rating Aurizon Mines Ltd. (AZK) |
| 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 | 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
None
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 - 8
Stocks Screened - 8,200
Long-Term Environment for bears: Neutral
Bear Side - Still a good number of breakdown stocks. Bears be ventursome as stock market turns down hard.
(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.)
ANN, based in New York, operates 870 women's clothing stores in the U.S. Annual revenues: $2.4 billion. ANN's stock falls sharply today after the company reported a loss for the fiscal first quarter after including restructuring charges. The stock is off around 2 points. Volume is running at 2.9 million shares. The stock's average daily volume is 3.6 million shares.
The stock got off to a bearish start in the morning. TTD's clip of the tape shows a big block of 21,900 shares crossing on a down tick to 23 from the prior trade at $23.10. The action indicated heavy institutional selling pressure after the company's report.
The company operates stores under the names Ann Taylor, Ann Taylor Loft, and Ann Taylor Factory Store.
The stores primarily sell career separates, dresses, tops, weekend wear, shoes, and accessories. In 2006, the Ann Taylor Loft division made up 49% of total sales, and Ann Taylor made up around 39%.
Today, ANN reported a fourth-quarter loss of $6.67 million, or 11 cents a share, compared with a year-earlier profit of $21.5 million, or 31 cents a share. Excluding a restructuring charge, ANN would have earned $11.5 million, or 19 cents a share. Sales slipped to $601 million from $610 million. The retailer said it expects the first quarter to be "the most challenging of the year."
Analysts forecast a 6% decline in net for the fiscal first quarter ending April 30 to 43 cents a share from 46 cents a year ago.
TTD's daily chart shows the rollover of the stock on expanding volume. TTD is targeting the stock for a decline to 17.50 within a few months, or sooner. ANN is a good trading short 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.)
