Go To TTD's Pre-Market Opening Breakout Watch Stock Lists Monay, March 17
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Go To TTD's Pre-Market Opening Breakout Watch Stock Lists Monay, March 17 |
| 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 - 0
Stocks Screened - 8,200
Bull side - No breakouts today as market acts weak after big drop in Bear Stearns stock. Brokerage issues down sharply. Bulls remain patient and watchful.
Long- term Environment for bulls: Bearish
Market Status (Daily) - NYSE Bearish, Nasdaq Bearish
Market Status (Weekly) -NYSE Bearish, Nasdaq Bearish
(No Breakout Stocks today. So, TTD features a leading issue making new highs)
FCN, based in Annapolis, Md., is one of the largest U.S. consulting firms. It focuses on litigation, corporate finance and restructuring, technology, communications, and economic consulting. Annual revenues: $1 billion. FCN is one of the strongest stocks in the market. Today, it rises sharply to hit a new high. The stock emerged from a base at 64 back in February (see daily chart). The stock afterwards consolidated and is now on the move higher again.
So far today, FCN is trading 1.2 million shares. The stock's average daily volume is 1 million shares. The stock acted well in the morning and held its ground while the stock market took a dive.
TTD's clip of the tape shows FCN with a big block of 5,800 shares crossing at $67,85, within a sequence started by an up tick from $67.80.
FCN was founded in 1982. The company employs about 2,000 consultants and derives about 20% of its revenue internationally.
Recently, FCN
announced the acquisition of TSC Brasil Limitada
(TSC), a leading systems integrator and computer forensic and IT security
consultant in the Brazilian and greater South American area
TTD's long-term chart of FCN shows the stock's amazing bull market move from 3 in 2000 to 68. The stock remains in a bull market phase.
FCN's daily chart shows the stock in a basing pattern from November through February. The stock gapped higher in February to clear the base. It then consolidated its breakout for several sessions. Now, it is on the move higher again.
The company could do well in a bearish and difficult economic environment because its consults could be called on to do special work in accounting and other areas.
Technically, the stock is acting well. The TTD momentum indicator (top of the chart) is nicely bullish. The accumulation - distribution line (bottom of chart) is at a new peak confirming the price action of the stock.
For the upcoming first quarter, analysts forecast that FCN's earnings will increase 31% to 47 cents a share from 36 cents a year ago. The highest estimate on the Street is at 56 cents a share.
TTD sees chances for a mild upside earnings surprise. The past three quarters, FCN came in with net 2 to 10 cents a share more than the consensus Street estimate.
For the year, earnings should rise 23% to $2.46 a share from $2 a share a year ago. The stock has a 27 price-earnings ratio. TTD sees that as reasonable.
The company's quarterly revenue growth is running at 29%.
Strategy Opinion: FCN appears to be in a "sweet spot." TTD sees the stock as a leader that could continue to do well if the stock market turns higher. TTD is calling for the stock to advance to 78 within the next few months. A protective stop can be placed near 65. TTD rates FCN a very good intermediate-term play.
Sponsorship: Excellent. The largest fund holder is Fidelity Advisor Small Cap Fund, 5-star rated, with a big 6.9% stake. It has held its position steady. The largest buyer recently was 4-star rated American Century Vista Fund, which purchased 455,000 shares.
Insider Activity: Neutral. Heavy buying by insiders, but they turned around and sold. Currently, 14 analysts follow the stock, 11 have a buy, up from 10 three months ago.
| TTD's Breakout Profile
Rating FTI Consulting Inc. (FCN) |
| 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 | 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)
None
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 - 11
Stocks Screened - 8,200
Long-Term Environment for bears: Neutral
Bear Side - Good number of breakdowns today as market declines. Financial broker stocks breaking down big. TTD scores big with short of Bear Stearns (BSC) last week at 64. Today, the stock is down to 3.96, off 26 today. A sensational bear play falling from 64 to about 4 in a week.
(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.)
CNO, based in Carmel, Ind., provides financial services in the insurance, fixed annuities and long-term care insurance. Annual revenues: $4.6 billion. CNO breaks below key support at 10 today to trigger a TTD short play. The stock's decline comes after CNO reported a large loss for the fourth quarter. So far today, volume is running at 1.9 million shares. The stock's average daily volume is 1.1 million shares. 
TTD's clip of the tape shows CNO getting off to a bearish start. A block of 4,400 shares crossed in the morning a on a down tick to $9 from the prior trade at $9.01.
CNO emerged from bankruptcy in 2003. It sold its finance business and focused on insurance.
The firm's main revenue sources include Medicare supplement, fixed annuities, and long-term care insurance, but it also offers life and specified disease insurance such as cancer and heart/stroke policies.
The company said its loss for the fourth quarter was $72.2 million, equal to 39 cents a share. The Street was expecting a profit.
TTD's daily chart shows CNO's stock in a down trend and then trying to hold support at 10. However, today, the stock cuts through support. TTD is targeting CNO for a decline to 6.50 within the next few months, or sooner. The stock has the potential to surprise more on the downside.
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.)
