Daily - Go to TTD's Tape of  Stock Charts - Wednesday, April 6

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List and Performance -  Wednesday, April 6

Ticker Tape Digest

Wednesday - April 6, 2011

By Leo Fasciocco -- TTD

  Ticker Tape Digest presents its daily stock market report containing stocks to go long as breakout trades, quick trades, or bargain trades. We also feature stocks under Significant Accumulation that are poised to breakout.

 The TTD report also contains stocks to short as  breakdown plays and as bargain (swing trade) shorts.

  Investors should  tend to try to go with a strategy that fits with the stock market's trend, unless there is a special situation play.

 1 - TTD's Breakout Stocks - Long - (Intermediate-term long plays)  these are most suitable for aggressive investors seeking ideal entry points into leading stocks, especially during bull markets. They can do extremely well in bull markets with gains of as much as several hundred percent.

 These stocks can also do extremely well during strong market rallies, or if they are in a industry group that is performing very well. They tend to have strong earnings outlooks and are near new-52 week, or all-time highs.

  2 -TTD Quick Trade Stocks - Long - (Short-term long plays 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  well during market advances. They have about 74% win rate. During market rally sequences the win rate is even higher. The return is small 3% to 8% in just a few days.

 3 - TTD's Bargain Buy Trades - Long - (Long Term long plays.  These are for conservative bullish Investors These long-term buys are ideally suited for entry into stocks on pull backs within overall up trend. These stocks can give a good return long-term especially during a bull market.

   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 pull backs.

  4 - TTD's Bearish breakdown stocks to sell short. These issues have potential to fall sharply. They often show a technical breakdown and also some fundamental business problem such as weak earnings.  

 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. A good idea is to study the list and be ready to move into a stock quickly as it hits its breakpoint.

TTD often suggests using stop buy orders to enter. It is very important to buy a breakout stock as close as possible to the breakpoint. 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.

It is also essential to have a stop loss strategy for all stocks in which positions are taken. Not every stock will work as expected. It is important for investors to "police" their portfolios and avoid getting trapped in any bad positions.

 Quality rating of breakout  Two key factors: 1 - Stock near all-time in price or near a 52-week high. 2 - earnings growth current year is strong. The ideal play is a stock with an Above Average Quality Rating. The stock is near a new high and will have strong earnings. TTD's other ratings are Average and Below Average.

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.   

  Breakout Stocks

Total Buy Breakouts so far today - 6

Overall Quality of Breakouts - Average

Stocks Screened - 8,300

Bull side - Small number of breakouts today. Stock market holds small gain for day. Bulls be selective. Stock market's upside momentum weakening.

 (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 Bearish 

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action - Wednesday - April 6

(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. They are ranked according to percentage change and classified as leaders or other. (Trading strategy: One should buy breakout stocks at breakpoint by using market order or stop buy)All Timely Breakout Stocks From Tape Action Today )  

(See Top Performing Breakout Stocks for 2011 - Updated April 4)

Today's Featured TTD Breakout Stock

Goldcorp Inc. (GG) - 52.75, up 0.59 - Breakpoint 50.84

Hits All-Time High, Net to Leap 57% This Year,  TTD Targets 64

  GG, based in Vancouver, Canada, produces gold. Annual revenues: $3.8 billion. GG's stock breaks out and clears a six-week, flat base. The move today carries the stock to a new all-time high. That is bullish showing the stock is a leader. So far today, GG's volume is running at 10.8 million shares, almost double its normal daily volume of 5.9 million shares.

  GG is obviously benefiting from the rising price of gold.

  Today, the price of gold hit an all-time high of $1467 an ounce.

  GG's 10-minute chart shows the stock breaking out on Tuesday. Today, the stock edges a bit higher to confirm its breakout.

  The gold group is one of the strongest sectors.

   GG's clip of the tape shows the recent big block trades.  

  One can see the price for the blocks climbing from $51.32 to a peak of $53.43 Wednesday morning.

  A key bullish trade came in the morning when a big block of 119,910 shares crossed the tape at $53.26. That was up sharply form the prior block at $51.32. That showed extremely aggressive institutional buying.  

 GG  primary asset and key value driver is its Red Lake Mine which is the largest producing gold mine in Canada.

 GG's other operations include the Wharf Mine, a gold mine located in the Black Hills of South Dakota, and Saskatchewan Minerals, an industrial minerals operation in Saskatchewan, Canada, which produces natural sodium sulphate used primarily in the detergent industry.

  GG's 12-month performance chart shows the stock appreciating 38% versus a 14% gain for the S&P 500 index.

  GG's long-term chart shows soaring from 5 back in 2002 to a peak of  52.65 in 2008. The stock took a dive during the bear market falling to 5 again. However, it has since roared back and is making new highs.   

  GG's daily chart shows the stock breaking out on Tuesday. Today, it pushes higher. The breakout came on expanding volume, which is bullish.

  The base was well formed. The TTD momentum indicator (top of chart) is slightly bullish.

  The accumulation - distribution line (bottom of chart) lags. It should be back to a new high. So, one should be watchful of the stock.

  This year, analysts forecast a 57% jump in net to $2.15 a share from $1.37 a year ago. The stock sells with a price-earnings ratio of  24. TTD sees that as reasonable.

  Going out to 2012, the Street projects a 24% gain in net to $2.67 a share.

  Net for the upcoming first quarter is expected to surge 124% to 49 cents a share from 22 cents a year ago.

  The highest estimate on the Street is at 60 cents a share. That means some are looking for a big quarter. TTD sees chances for an upside surprise. The prior quarter, GG topped the consensus estimate by 9 cents a share, or 19%.

  The company is benefiting from the rising price of gold. The company reported positive results from a feasibility study on its Cerro Negro project in Argentina. It plans a doubling of production of gold from the project by 2013.

  Strategy Opinion: TTD is targeting GG for a move to 64 within the next few months, or sooner. A protective stop can be placed near 48 giving it room. TTD rates GG an average intermediate-term play due to its reliance on the high price of gold.

  Sponsorship: Very Good. A key buyer recently was the Fidelity Fund which picked up 3.3 million shares. It is a new position for the 3-star rated fund. Many index funds have a stake in GG. has 788 million shares outstanding.

  Insider Activity: Not available. Currently, 18 analysts follow the stock, 15 have a buy, the same as three months ago.

Stock Performance Chart with Quarterly Earnings Markers.

Charts of Selected Breakout Stocks

Ticker Tape Digest’s

Stocks To “Sell or Short”

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 - 8,300

Long-Term Environment for bears: Unfavorable.

Bear Side - Small number of breakdown stocks today as stock market edges higher. Market extended. Bears be selective. TTD's short from Tuesday was Toyota (TM) at 78.04. It has declined to 77.55 so far today and is working well for bears.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Skyworks Solutions Inc. (SWKS) - 28.50, down 2.37

Falls Below Key Support, TTD Sees Drop to 23

 SWKS, based in Woburn, Ma., produces semiconductors for the wireless industry. Annual revenues: $1.2 billion. SWKS stock falls sharply today in heavy trading. There was no news to account for the decline. Technically, the breakdown is extremely bearish. So far today, SWKS is trading 15.8 million shares, almost four times its normal daily volume of 4.5 million shares. TTD sees more on the downside.

 SWKS's stock started to rollover in the morning. It fell to an intraday low of  27.52 early in the afternoon. The stock then started to lift a bit in the afternoon.

  The tape action was very bearish. TTD's clip of the big blocks shows the stock falling to $30.87 in the morning on a block of 36,100 shares. That is down sharply from the prior block trade at $31.19. Later, a block of  45,834 shares crossed the tape at $27.60. That was down sharply from the prior block at $29.74.

  So, there were two waves of heavy selling.

 SWKS is a wireless semiconductor firm. It works on radio frequency and complete semiconductor system solutions for mobile communications products.

  This fiscal year ending September 30, analysts forecast a 47% gain in earnings to $1.51 a share from $1.03 a year ago. The March quarter is expected to rise 73%.

    The stock's breakdown today (see chart) comes from a head-and-shoulder technical top. That is very bearish. The accumulation - distribution line (bottom of chart) has turned down showing a pick up in selling pressure.

   Strategy Opinion:  The drop in SWKS without any news is very bearish. TTD is targeting the stock for a decline to 23 within the next few months. We would not be surprised to hear about some negative news or rumor. A protective stop buy can be placed near 30.10.

TTD takes no responsibility for trading by those using this information. The stocks presented in our report are those we deem the best looking "Day Trades" for the long side. We take no responsibility for the accuracy of this data, although every effort is made to present the information correctly. Copyright Ticker Tape Digest.

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.)