Daily - Go to TTD's Chart scroller of  Breakout Stocks - Wednesday, April 26, 2017

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List and Performance - Wednesday, April 26, 2017

Daily - Bullish Aggressive Investor - Go To TTD Quick Trade Setups (74% win rate) - Wednesday, April 26 2017

Ticker Tape Digest

Wednesday - April 26, 2017

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.

Wednesday - April 26, 2017

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts so far today - 24

Quality of Breakouts - Average

Stocks Screened - 12,234

Bull side - Strong flow of breakout stocks for the third straight session. Bulls be selective.

Stock market  - Bullish. All major averages still bullish despite light selloff Wednesday.

Stock Market Momentum

(Based on 14 unit moving average)

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

Universal Display Corp. (OLED) - 89.20, up 0.75 - Breakpoint 88.88

Net to Jump 35% This Year, TTD Targets 110

  OLED, based in Ewing, N.J., produces organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting. Annual revenues: $199 million. OLED's stock breaks out Wednesday from a nine-week flat base. The move carries the stock to a new all-time high. That is bullish.

  So far today, OLED is trading 637,084 shares. Its average daily volume is 567,000 shares.

  OLED spiked higher in the morning and then worked to an intraday peak of $86.15 around noon.

 The stock backed off in the morning. It then worked higher the rest of the day and crossed its breakpoint line in the afternoon.

  The stock reached an intraday high 89.95.

   Tape Action

   OLED's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $87.76 in the prior session to as high as $89.51.

   A key bullish trade came in the morning when a block of 11,236 shares (duplicated) crossed the tape at $89.30.

  That was up from the prior block at $88.45 on 23,000 shares.

  In the afternoon, when the stock was driving higher, a block of 4,300 shares crossed the tape $89.51.

  That was up from the prior block at $89.20 on 4,700 shares.

  Business

  OLED develops organic light emitting diode products.

  The company also supplies its OLED materials to makers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities.

 In addition, the company provides technical assistance and support.

  OLED makes sold phosphorescent emitter materials that produce red, yellow, green and light-blue light, which are combined in various ways for the display and lighting markets.

Charts

  OLED's 12-month performance chart shows the stock appreciating 43% versus a 17% gain for the stock market.

  The stock did move sharply higher after its last earnings report.

   Insiders have been sellers the past few months at $60 to $85 a share. Insiders did some light buying using stock options back in June of last year at $12.40 a share. They recent got more stock options.

   The recent green bar on the chart indicates the award of new stock options. The price was not disclosed.

  OLED's long-term chart shows the stock surging from $11.75 back in 2010 to a peak at $63.58.

  The stock then pulled back and went into a multi-year consolidation pattern. It has since broken out and Wednesday matches its all-time high of $89.95 that was set back in March.

  OLED's daily chart shows the stock climbing from a breakout at $60 back in January to a peak near 88 by February.

  The stock has put down a tight flat base above its 50-day moving average line.

  The breakout Wednesday just clears the base.

   OLED's CCI momentum indicator (bottom of chart) is still solidly bullish.

  Earnings Outlook

  OLED's earnings this year are projected to climb 35% to $1.38 a share from $1.02 a year ago.

  The stock sells with a price-earnings ratio of 641. That is high but okay given the earnings growth rate.

  Going out to 2018, the Street predicts a 57% jump in net to $2.17 a share from the anticipated $1.38 this year.

  For the upcoming first quarter, analysts expect a breakeven to a profit of 2 cents a share. That would compare with a profit of 4 cents a share. The quarter is generally a slow one for the company.

  Profits for the second quarter are expected to leap 41% to 65 cents a share from 46 cents the year before.

  In the prior quarter OLED topped the consensus estimate by 16 cents a share, or by 41%. That was impressive.

Strategy Opinion:  TTD is targeting the stock for a move to $110.  A protective stop can be placed near 83 after a breakout.

 TTD rates OLED an average intermediate-term play.

Suitability:  Aggressive  Bulls.

                 TTD's special research of  OLED's Stock's Prior Performance:  

Probability - Breakout Success -  Very Good. TTD's research shows that recently (see table) OLED has scored some sensational gains off its breakouts.

Probability - Earnings Response - Good. OLED moved higher 7 out of the past 12 earnings reports where there was a significant change.

Probability:  Seasonal Success - Good. OLED has on average the past 5 years declined 1.2% in April. However, it has soared 8% in May.

           Stock's Prior Performance After A Breakout

(In actual trading, entry and exit points could vary depending on broker execution.

Also, ideal are breakouts to a new 52-week high or better, perhaps all-time highs.)

  Stock's Long-term Chart

   Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500

Insider Buying in Green  - Insider Selling in Red

   Stock's Monthly Seasonal Performance Chart - Past 5 Years

Showing % Months UP and % Change

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 - 10

Stocks Screened - 12,234

Long-Term Environment for bears:  Unfavorable.

Bear Side -  Stock market holds up trend. So, bears need to be selective. Earnings will have an impact on stocks.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Hibbett Sports Inc. (HIBB) - 26.35, down 1.50

Net to Disappoint, TTD Sees Decline to 22

  HIBB, based in Birmingham, Ala., operates 1,078 sports stores. Annual revenues: $973 million. HIBB's stock falls sharply Wednesday undercutting key technical support. The company forecast disappointing net. TTD sees more on the downside.

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

  So far today, HIBB is trading a heavy 1.6 million shares, four times its average daily volume of 434,000 shares.

  HIBB said earnings for the first quarter should be 94 to 97 cents a share.

  That is below the consensus estimate on the Street of $1.15 a share.

  The company said for the year net would be $2.35 to $2.55 a share.

  That is below the Street estimate of $2.73 a share.

  HIBB's stock gapped lower in the morning, bounced up a bit but then faded.

  It touched an intraday low of $26.35 in the early afternoon. Also, there was some selling near the close.

   Tape Action

  HIBB's tape action shows the recent block trades declining in price from $27.85 in the morning to as low as $26.35.

  A key bearish trade came in the morning when a block of 24,823 shares (duplicated) crossed the tape at $27.10.

  That was down from the prior block trade at $27.85 on 62,302 shares.

   Business

  HIBB operates athletic stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest parts of the U.S.  It has 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.

HIBB stores sell apparel, footwear and equipment. Its 19 Sports Additions stores are enclosed mall-based stores selling athletic footwear and caps and clothes.   

Earnings:

  Analysts expect net for the fiscal first quarter ending in April to decline 7% to $1.14 a share from $1.22 a year before.

  Net for the fiscal second quarter ending in July should be down 19% to 23 cents a share from 29 cents the year before.

Charts:   

  HIBB's daily chart shows the stock trending lower from $44 in December to around $28 by March. The stock then trended sideways. However, Wednesday, the stock cuts below key technical support with a pick up in volume.

  HIBB's 12-month performance chart shows the stock declining 28%  versus a 15% gain for the stock market.

Strategy Opinion: TTD is targeting HIBB for a decline to $22 within the next few months, or sooner. A protective stop buy can be placed near $28.50.

Suitability: Aggressive Bears.

  TTD's special probability research of  HIBB's Prior Performance:  

Probability - Earnings Response -  Very Bearish. Stock rose just 3 times out of the past 15 earnings reports where there was a significant change. The stock did have a tendency sometimes to move lower prior to the earnings report.

Probability:  Seasonal Activity - Very Bearish.  HIBB has declined an average of 3.1%  in April over the past five years. It has averaged a decline of 0.8% for May.  

   Stock Performance Chart with Quarterly Earnings Markers vs. S&P 500

Insider Buying in Green  - Insider Selling in Red

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. - 2017

TTD columnist Leo Fasciocco has covered the stock market for over 30 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.)