Daily - Go to TTD's Chart scroller of  Breakout and Leading Stocks - Wednesday, April 6, 2016

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List and Performance - Wednesday, April 6, 2016

Ticker Tape Digest

Wednesday - April 6, 2016

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.

  TTD's Breakout Stocks - Long 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.

  TTD Quick Trade Stocks - Long 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.

 TTD's Bargain Buy Trades - Long - Long Term.  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.

  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 high 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 - 8

Overall Quality of Breakouts - ABOVE AVERAGE

Stocks Screened - 8,300

Bull side - Breakout list has several good looking plays. Bulls can be venturesome. Stock market showing bullish resilience Earnings will come soon and will impact the market.

 (Put mouse on Dow chart to see Nasdaq chart)

Long Term Environment for bulls:  Neutral

    Stock Market Momentum

Market (Daily) - NYSE Bearish, Nasdaq Bullish

Market (Weekly) - NYSE Bullish, Nasdaq Bullish

Market  (Monthly) - NYSE Bullish, Nasdaq Bullish 

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action - Wednesday

(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 )  

Today's Featured TTD Breakout Stock

Acuity Brands Inc. (AYI) - 254.85, up 29.85 - Breakpoint 240.74

Net tops Street Estimates, TTD Targets 300

    AYI, based in Atlanta, Ga., makes lighting fixtures. Annual revenues: $2.8 billion. AYI's stock breaks out Wednesday from a 5-month, cup-and-handle base. The breakout comes with a gap move and expanding volume. It was triggered by better-than-expected-earnings. TTD sees more on the upside.

  TTD highlighted AYI as a breakout at our midsession video show on the Web Wednesday.

 So far today, AYI is trading a heavy 1.6 million shares, four times its average daily volume of 477,000 shares.

  AVY's 10-minute chart shows the stock spiking higher in the morning and clearing its breakpoint line.

  The stock then trended sideways into the afternoon. It lifted near the close to finish near its high for the day. That is bullish and bodes well for a follow through move on Thursday.

   AYI reported earnings per share for the fiscal second quarter ended in February  leapt 43% to $1.80 a share from  the $1.08 a year ago.

  The $1.80 topped the consensus estimate on the Street of $1.50 a share.

  Sales were up 26% to $778 million. That topped the consensus estimate of $752 million.

  AYI's tape action shows the bullish tape action.

  One can see the price for the blocks working higher from $225 in the prior session to as high as $254.85 Wednesday.

  A key bullish trade came in the morning when a block of 3,000 shares crossed the tape at $240.

  That was up sharply from the prior block at $225 on 34,722 shares late in the prior session.

  AYI  is the one of the world's largest lighting fixture makers. Its brands include Lithonia Lighting, Holophane, Peerless, and Hydrel.

  The company's Acuity Specialty Products unit produces specialty chemical brands such as Zep, Enforcer, and Selig.

  AYI's 12-month performance chart shows the stock appreciating 50% versus a breakeven for the S&P 500 index.

  AYI's long-term chart shows the stock climbing from 23 back in 2005 to a peak near 66 in 2007, the top in the prior bull market.

   The stock then fell back to 20 in 2009 due to the subsequent bear market.

   However, since then the stock has made a sensational tenfold move to around 254.

  The push to a new high is bullish and could bring in buying from the new high crowd on Thursday.

   AYI 's daily chart shows the stock breaking out from  a cup-and-handle base longer term and near-term from a six-week flat base.

  The breakout is technically strong coming with a gap move and expanding volume.

  The base near-term is good showing a tight range with the price holding above a newly rising 50-day moving average line.

  AYI's CCI momentum indicator (bottom of chart) is strongly bullish.

  The accumulation - distribution line (bottom of chart) is strong too. That shows very good underlying buying.

  Analysts have been forecasting a 32% increase in AYI's earnings for the fiscal year ending in August of 2016.

  The outlook is for net of  $7.13 a share, up from $5.39 the year before.

  That forecast should get boosted after the fiscal second quarter report Wednesday.

 The stock sells with a price-earnings ratio of  35. TTD sees that as reasonable.  

  Going out to fiscal 2017 ending in August, the Street looks for a 26% gain in net to $8.99 a share from the anticipated $7.13 in the current fiscal year.  

  Net for the fiscal third quarter ending in May should surge 39% to $1.91 a share from  the $1.37 the year before.

   AYI'ss earnings table shows the company topping the Street estimates the past six quarters - not including today's report. That is impressive.

  Strategy Opinion: TTD is targeting AYI for a move to 300 off this breakout. A protective stop can be placed near 238.

  TTD rates AYI a good intermediate-term play provided earnings meet or top expectations.

  Sponsorship: Excellent. The largest fund holder is the 5-star rated Fidelity Contrafund with a 2.3% stake. It was a recent buyer of 21,519 shares.

The second largest fund holder is the 5-star rated T. Rowe Price New Horizons Fund with a 2.2% stake. It was a recent seller of 6,900 shares.

  AYI has 43.8 million shares outstanding. Institutions hold 93% of the stock and insiders 4%.

  Insider Activity: Neutral. Insiders were recent buyers around $190. They were sellers around $215.

  Currently, 13 analysts follow the stock, 9 have a buy, the same as three months ago.

  AYI has a book value of $33.14.

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 - 3

Stocks Screened - 8,300

Long-Term Environment for bears: Neutral.

Bear Side -  Small list of short plays Wednesday. Bulls be patient and selective. stock market still holds up trend.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Matson Inc. (MATX) - 36.01, down 1.89

Profits to Fall 13% This Year, TTD Sees Decline to 30

  MATX, based in Honolulu, operates ships and is an ocean cargo firm carrying food, clothes and autos. Annual revenues: $1.9 billion. MATX's stock falls sharply Wednesday and undercuts key technical support. TTD sees more on the downside.

  TTD highlighted MATX as a short at our midsession video show on the Web Wednesday.

  So far today, MATX is trading a heavy 517,606 shares, double its average daily volume of 216,000 shares.

  The stock fell in the morning and trended lower touching a low near 36.

  the stock then lifted and trended sideways into the afternoon. It weakened near the close.

  MATX's tape action shows the recent block trades.

  One can see the price for the blocks declining from $37.90 in the prior session to as low as $36.

  A key bearish trade came in the morning when a block of 30,000 shares crossed the tape at $36.56.

  That was down sharply from the prior block trade at $37.59 on 9,447 shares.

  MATX offers ocean transportation services in Hawaii, Alaska, and Guam, as well as to other islands in Micronesia and the South Pacific.

 This segment also operates an expedited service from China to Long Beach, California; and provides container and conventional freight services between New Zealand and other South Pacific Islands including Fiji, Samoa, American Samoa, Tonga, the Cook Islands, Niue, Vanuatu, Nauru, and the Solomon Islands.

 It primarily transports  refrigerated commodities, packaged foods, household goods, automobiles, seafood,garments, footwear, and other retail merchandise.

  This year, analysts are forecasting a 13% decline in net to $2.39 a share from $2.75 a year ago.

  For the first quarter, profits are expected to fall 16% to 48 cents a share from 57 cents a year before.

  MATX's daily chart shows the stock trending lower from 52 back in December to around 37 by January. The stock then trended mostly sideways. However, Wednesday it falls below key support with expanding volume.

  Strategy Opinion: TTD is targeting MATX for a decline to 30 within the next few months or sooner. A protective stop buy can be placed near 38.

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. - 2016

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: Beverly 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.)