Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for Monday, April 6
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Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for Monday, April 6 |
| 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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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.
Stocks Screened - 8,200
Bull's Strategy - Just 2 breakouts today. Market gives a little ground today. Earnings reports will be coming. One needs to be alert for breakout stocks with potential strong earnings. This is a holiday shortened week.
(Put mouse on Dow chart to see Nasdaq chart)
Long Term Environment for bulls: Neutral
Market (Daily) - NYSE Bullish, Nasdaq Bullish
Market (Weekly) -NYSE Bullish, Nasdaq Bullish
Market (Monthly) NYSE Bullish, Nasdaq Bullish
| TTD's Quality Rating of Stock - MYL - ABOVE AVERAGE |
MYL, based in Canonsburg, Pa., makes generic drugs, including pills and transdermal patches. Annual revenues: $5.1 billion. MYL breaks out from a seven week flat base today. Volume today is expanding. It is running at 8.5 million shares. The stock's average daily volume is 7.1 million shares. The stock is a leading performer the past six months having doubled. 
TTD highlighted MYL as a breakout at our midsession show on the Web today.
MYL's stock drove higher in the morning. It back off a bit around midday and then drifted a big lower in the afternoon.
MYL's tape action was extremely bullish. TTD's clip of the tape shows a big block of 189,000 shares crossing on a modest up tick to $14.55 from the prior trade at $14.54. The trade was the largest of the day. It indicated that the big buyer was willing to pay up.
The recently completed Merck KGaA and Matrix acquisitions made MYL the third-largest producer of generic drugs with the second biggest portfolio of active pharmaceutical ingredients.
MYL's branded Dey unit (9% of total sales) markets the off-patent EpiPen injection with a better than 90% global market share.
The company has been doing well as it continues to develop new products.
TTD's performance chart shows MYL's stock appreciating 18% the past 12 months. It has easily outperformed the S&P 500 which is down 38%.
MYL's long-term chart shows the stock peaking at 28.75 in 2003. It hit a low of 5.75 last year. Since then it has been working higher. 
MYL's daily chart shows the solid up trend of the past few months. The stock clears its base today. MYL's technicals are very strong. The TTD momentum indicator (top of the chart) is strongly bullish.
The accumulation - distribution line (bottom of chart) has hit a new peak. That is good confirmation that the breakout is being supported by strong buying.
MYL is poised to show a big first quarter. Analysts predict a 197% surge in net to 27 cents a share from 9 cents a year ago. The highest estimate on the Street is at 37 cents a share. That is high. So, some analysts think an even bigger quarter could be coming.
This year, the Street is forecasting a 29% gain in net to $1.03 a share from 80 cents a year ago The stock sells with a p/e ratio of just 13. That is extremely low. It makes the stock attractive for value-growth investors.
Going out to 2010, the Street projects a 43% gain in net to $1.47 a share. Give the stock a reasonable p/e ratio of 20 and it has a potential valuation of about $30.
Strategy Opinion: MYL is a rebounding stock that is doing very well with strong earnings to come. TTD is targeting the stock for a move to 18.50 within the next few months or sooner. A protective stop can be placed near 12.80. TTD rates MYL an excellent intermediate-term play.
Sponsorship: Excellent. A key buyer of the stock was 5-star rated Oppenheimer Quest Fund which purchased 415,000 shares. Also, 4-star rated Black Rock Global Allocation Fund purchased 1.8 million shares and 4-star rated Eaton Vance Worldwide Health Fund picked up 1.7 million shares. MYL has 304 million shares outstanding. Funds hold 79 million shares.
Insider Activity: Bullish. Insiders have been steady buyers lately. They have not done any buying. That is impressive. Currently, 13 analysts follow the stock, 10 have a buy, up form 8 three months ago.
Stock Performance Chart for 12 months with Quarterly Earnings Markers.
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TTD's Profile Rating Mylan Inc. - (MYL) |
| 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 | 11 | 1 | 2 |
(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
| TTD's Quality Rating of Stock - MF - BELOW AVERAGE |
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 - 5
Stocks Screened - 8,200
Long-Term Environment for bears: Neutral
Bear Side - Small list of breakdown stocks today. Big Cap drug medical stocks dominate the list. 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.)
DCM, based in Japan, is the largest wireless operator in Japan, with about 54 million customers. Annual revenues: $44.5 billion. DCM, a big cap play in Japan, breaks below key support to set off a TTD short play. The stock has been trending lower from a peak near 20 late last year. So far today, DCM is trading 588,104 shares. Its average daily volume is 604,000 shares. 
The stock gapped lower in the morning and then trended sideways the rest of the day. It was unable to mount a rally.
TTD's clip of the tape shows a big block of 67,200 shares crossing on a modest down tick to $13.23 from $13.25. The action showed big institutional selling pressure.
DCM controls 51% of the market for wirelsss services in Japan. It licenses its i-mode service to wireless companies in 14 other countries and has minority ownership in a few companies.. NTT, Japan's major telephone operator, owns 60% of DCM.
Analysts expect DCM to show an 8% rise in net this year to $1.23 a share from $1.14 a year ago. The stock sells with a price-earnings ratio of 10. Net for the first quarter should be at 15 cents a share.
TTD's daily chart shows the stock in a downtrend from 20 to 14. It tried to form a bottom but is now heading lower.
Strategy Opinion: TTD sees DCM as a short trading play. We are targeting the stock for a decline to 10. A protective stop buy can be placed near 14.50. The stock has a low beta so bears should be patient.
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.)
