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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 positionsboth as trades or for longer-term plays. These stocks will do very well during bear markets or market corrections
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To email Leo leo@tickertapedigest.com.For service, email Beverly Owen owen@tickertapedigest.com. TTD’s Tel: 1-480-926-1680.
TTD Quick Trade Stocks.These are leading issues that have pulled back in recent days, but could move higher soon. They are most suitable for Aggressive Investors willing to trade short term.These stocks will do extremely very well during market advances. They have an 80% win rate.
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Total Buy Breakouts so far today - 18
Stocks Screened- 8,200
Bull side - Large number of breakouts, overall quality is average. Bulls be selective.
Long-Term Environment for bulls: Favorable.
Market Status (Daily) - NYSE Bearish, Nasdaq Bearish
Market Status (Weekly) - NYSE Bullish, Nasdaq Bullish
DBD, based in North Canton, Ohio, is a major producer of automated teller machines (ATMs). Annual revenues: $2.9 billion. DBD breaks out from seven-week, cup and handle base today, and hits a new 52-week high. So far today, the stock is trading 376,700 shares. Its average daily volume is 486,000 shares.
The stock showed good tape action in the afternoon. TTD's clip of the tape shows a big block of 6,000 shares crossing on a nice up tick to $48.57 from the prior trade at $48.55.
DBD offers automated or staffed banking facilities, such as its MicroBranch prefabricated branch offices, which can be installed in grocery stores and malls.
The company also makes vaults, and security systems for financial institutions
The company has 15,000 employes in nearly 90 countries.
DBD is a large company and its stock tends to be a steady move. Its beta is 1.21 compared with the beta of the S&P 500 which is 1.00. Beta is a measure of volatility.
A look at TTD's daily chart shows that DBD broke out from a base around 47 in February. The stock did not make much progress and was held back by the stock market's pull back.
The stock has since formed a cup-and-handle base. Today the stock breaks out. The stock's technicals are good. The TTD momentum indicator (top of the chart) has been mostly bullish for the past several months.
Most impressive is that the accumulation - distribution line is rising strongly (see bottom of the chart). That indicator has broken out to a new peak. That is a good sign the stock's price could well follow.
DBD will be showing an acceleration in annual earnings growth. This year, analysts look for a 24% increase in net and next year for the growth rate to climb to a gain of 31%. That is a very promising earnings outlook that could spark the stock higher in coming months.
This year, net should come in at $2.25 a share, up from $1.82 a year ago. The stock sells with a 21 price-earnings ratio, which is reasonable. Next year, net should hit $2.96 a share.
For the upcoming first quarter, DBD should show a 17% drop in earnings. However, in the second quarter, net should climb 24%. The weak first quarter is of concern near-term for the stock. However, the fact the issue is starting to push out of its base, may well mean the news has been discounted already.
Strategy Opinion: DBD's breakout is of the "creeper variety." TTD suggests a scale-in strategy looking to average up quickly. TTD is targeting DBD for a move to 56 within the next few months. A protective stop can be placed near 46. TTD rates DBD a good intermediate-term play because of its solid earnings outlook for the next two years.
Sponsorship: Excellent. The top ten fund holders are all rated 4-star are high. Wow! The largest fund holder is Fidelity Value Fund, 4-star rated, with a 2.6% stake. It has held its position steady. The largest buyer lately was 4-star rated Fidelity Capital Appreciation Fund, which purchased 159,000 shares recently.
Insider Activity: Neutral. Insiders were buyers around 48 using stock options. They turned around and sold. Six analysts follow the stock, 4 have a buy, up from 3 three months ago.
| TTD's Breakout Profile
Rating Diebold Inc. (DBD) |
| 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 | 9 | 0 | 5 |
(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)
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 - 6
Stocks Screened - 8,200
Long-Term Environment for bears: Unfavorable.
Bear Side - Small list of breakdown plays today, but some interesting situations. Bears be selective. TTD's short from Friday, Infosys (INFY) falls 0.75 to 49.51 today. Also, recent bear play Baidu (BIDU) drops 3.45 to 93.05.
(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.)
OPXT, based in Eatontown, N.J., makes optoelectronic components used to assemble fiber optic data and voice communications networks. Annual revenue: $152 million. OPXT, a recent IPO, breaks down today set off a TTD short play. The high-tech stock came public seven weeks ago. It rose to 19.95, but then turned down. Today, it undercuts key support near 15.
So far today, OPXT is trading 802,636 shares, about double its normal daily volume of 469,000 shares.
A look at TTD's clip of OPXT's tape from late Friday, shows several large blocks (in red) going off on down ticks. The first was a big block of 51,855 shares going off at $14.79 from the prior trade at $14.80.
The second block was 115,100 shares on a down tick to $14.78.
OPXT was formed out of Hitachi, which still owns 46% of the company. OPXT has 30 years experience of advanced technology.
The company's laser diode modules, transmitter/receiver devices, and transceivers are incorporated by other equipment makers into larger multiplexing and digital cross-connect systems, used in data communications and telecommunications.
The company's customers include Cisco Systems, 37% of sales and NEC. OPXT was formerly the fiber-optic components unit of Hitachi's telecom.
The technical breakdown in the stock signals TTD short. The stock's TTD momentum indicator (top of the chart in red) is extremely bearish. The accumulation - distribution line is in a bearish nose dive. TTD is calling for a drop to 10 within the next few months, or sooner. The stock is a good bearish speculation for an aggressive bear.
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.)