Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for April 19
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Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for April 19 |
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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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Total Buy Breakouts so far today - 14
Stocks Screened- 8,200
Bull side - Modest number of breakouts today. Overall, quality is below average. Many sea shipping stocks breaking out.
Long-Term Environment for bulls: Favorable.
Market Status (Daily) - NYSE Bullish, Nasdaq Bearish
Market Status (Weekly) - NYSE Bullish, Nasdaq Bearish
NM, based in Piraeus, Greece, is a maritime shipping firm for dry bulk cargo, raw-materials and agricultural products. Annual revenues: $235 million. NM breaks out from a nine-week flat base today and his a new high. Volume so far today is running at 483,000 shares. Its average daily volume is 325,000 shares.
NM was a recent TTD accumulation buy. Today, we highlighted the stock's breakout at our midsession show on the Web.
TTD did spot some distribution in the stock on the tape in the morning. The action improved in the late afternoon. TTD's clip of the tape highlights a big block of 2,300 shares that crossed on an up tick to $8.51 from $8.50.
The shipper's core fleet includes more than 20 chartered Panamax and Ultra-Handymax vessels and six Ultra-Handymax vessels owned by the company.
These vessels have an average age of about 3.5 years and total deadweight tonnage of about 1.8 million. The company has options to buy 13 of its 20-plus chartered vessels. In addition to the core fleet, Navios Maritime has deployed more than 20 other vessels. CEO Angeliki Frangou owns about 30% of the stock.
NM has been a strong issue this year climbing from 5.30 to 8. The subsequent basing work has been excellent. The structure of the base is well defined between roughly 7 and 8.10. Notice too the contraction of volume in the lower part of the base. That is bullish.
The stock's TTD momentum indicator has moved out to a new peak. That is good confirmation that the breakout has chances to work well. The TTD momentum indicator (top of the chart) is very bullish.
The stock's long-term chart shows the NM's solid bull market pattern.
NM is poised to show an acceleration in quarterly earnings. That could well be the driver to send the stock higher. For the first quarter, net should climb 55% and for the second quarter 100%.
NM today received contract extensions for three of its ships. That was good news.
For the first quarter, NM should post a profit of 17 cents a share compared with 11 cents a year ago. Net for the second quarter should be 20 cents a share, up from 10 cents a year ago.
NM's net for the year should climb 53% to 87 cents a share from 57 cents a year ago. The stock sells with a price-earnings ratio of jus 9. TTD sees that as "dirt cheap" and a great bargain play for growth investors. Going out to 2008, profits should increase 52% to $1.32 a share.
Strategy Opinion: TTD is extremely bullish on NM because of the powerful earnings outlook. TTD is targeting NM for a move to 11.50. A protective stop can be placed near 7.90. TTD rates NM an excellent intermediate-term play with potential to appreciate 100% within the next 15 months.
Sponsorship: Average. The largest fund holder is Robeco WPG Tudor Fund, 2-star rated, which holds a 0.26% stake. It was a recent buyer of 116,00 shares.
Insider Activity: Neutral. Not much activity lately. Three analysts follow the stock, and all have a buy.
| TTD's Breakout Profile
Rating Navios Maritime Holdings Inc. (NM) |
| 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 | 12 | 0 | 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)
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 - 4
Stocks Screened - 8,200
Long-Term Environment for bears: Unfavorable.
Bear Side - Only a few breakdown stocks today. Most are linked to weak earnings. TTD's short play from Wednesday, Hancock Holding (HBHC) falls 1.26 to 38.56 today.
(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.)
UMPQ, based in Portland, is a bank holding company. Annual revenues: $204 million. UMPQ's stock gaps lower today to trigger a TTD short play. The stock's fall was due to lower earnings for the first quarter. Trading so far today is running at 1.2 million shares, triple its normal daily volume of 387,000 shares.
UMPQ's tape action shows the stock getting off to a bearish start today. A big block of 25,000 shares crossed the tape on a down tick to $24.09 from the prior trade at $25.05.
UMPQ reported net for the first quarter declined to 36 cents a share from 39 cents a year ago. The Street consensus was at 42 cents a share. The lowest estimate was at 39 cents a share. So, UMPQ's results were very disappointing.
The company has 130 offices in Oregon, southwestern Washington, and northern California feature The offices feature coffee bars and computer cafes.
UMPQ's stock was trending lower the past few months. So, it may well indicate that the poor results were being anticipated. Technically, the big volume and the roll over of the accumulation - distribution line (see bottom of the chart) makes UMPQ a good trading play for bears. TTD is calling for a decline to 20 within a few months, or sooner.
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.)