Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for April 27
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Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for April 27 |
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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 - 12
Stocks Screened- 8,200
Bull side - Breakout list slows from its vigorous pace of earlier in the week. TTD spotting some good quality stocks breaking out. Today, 2 school stocks move out.
Long-Term Environment for bulls: Favorable.
Market Status (Daily) - NYSE Bullish, Nasdaq Bullish
Market Status (Weekly) - NYSE Bullish, Nasdaq Bullish
SNCR, based in Bridgewater, N.J., provides software and services that communications service providers use to manage tasks such as service activation and customer transactions. Annual revenues: $72 million. SNCR reports strong net for the first quarter and breaks out from a 10-week base. The stock's breakout today was a "gap move" which is very bullish.
SNCR's customers include AT&T Mobility (formerly Cingular), Vonage, Cablevision, and Time Warner Cable.
The company is targeting service providers in markets including wireless and wireline communications, as well as Voice over Internet Protocol (VoIP). AT&T is expected to be a big player in the Apple Inc. (AAPL) iphone product. Some expect SNCR to benefit greatly.
So far today, SNCR is trading 1.7 million shares, six times its normal daily volume of 279,000 shares. The stock has acted strong most of the day. One of the largest trades of the day was a big block of 25,000 shares that crossed on a big up tick to $23 from $21.54.
SNCR checked in with net for the first quarter up 100% to 12 cents a share from 6 cents a year ago. The company cited better than expected revenues for the big jump in net. It said business with AT&T grew 30%.
TTD's daily chart shows the stock's recent advance and then basing work. There was a nasty shakeout in March, but the stock rallied back. Today's move features a big widening of the spread. That is bullish and indicates money willing to move in easily to drive up the stock price.
SNCR's TTD momentum indicator is modestly bullish. The accumulation - distribution line is an up trend overall, although it has been flat in recent weeks.
SNCR's long-term chart shows the clear bullish trend.
SNCR should continue to show strong profits. Net for the second quarter is projected by analysts to soar 110% to 11 cents a share from 5 cents a year ago. The highest estimate on the Street is at 11 cents.
For the year, SNCR should show profits of 48 cents a share. Comparable figures for a year ago were not available. The stock sells with a p/e ratio of 46. Next year, analysts are forecasting a 26% rise in net to 60 cents a share. TTD sees chances for that to be topped if the iphone takes off.
Strategy Opinion: SNCR is in gear to the upside now. The stock has potential to be a big winner. The stock is extended near-term. So, one should just scale-in. TTD is targeting the stock for a move to 28 within the next six months, or sooner. TTD rates SNCR as a very good intermediate-term play provided profits remain on course.
Sponsorship: Very Good. The largest fund buyer lately was 4-star rated Allianz CCM Emerging Fund which purchased 370,000 shares. Also, 4-star rated Principal Inv. PTR Small Cap Growth Fund added 72,000 shares. SNCR has 32 million shares outstanding. Funds hold 2.6 million shares, or 12% of the stock.
Insider Activity: Slightly Bearish. One insider was a recent seller around 18. Five analysts follow the stock, 4 have a buy, up from 3 three months ago. Raymond James had a $21 price target. That was reached.
| TTD's Breakout Profile
Rating Synchronoss Technologies Inc. (SNCR) |
| 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 | 14 | 0 | 0 |
(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 - 5
Stocks Screened - 8,200
Long-Term Environment for bears: Unfavorable.
Bear Side - Very few breakdowns today. Bears be conservative. TTD's short play ICT Group (ICTG) declines 1.23 to 19.54 today. Also, TTD's feature short Affymetrix (AFFX) drops 1.09 to 26.79.
(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.)
LSCC, based in Hillsboro, Or., supplies programmable logic devices. They include in-system programmable devices that electronics manufacturers can configure after the chips have been attached to a circuit board. Annual revenues: $245 million. LSCC, a low priced stock, breaks down today and sets off a TTD short play. The stock's decline was triggered by its report of a loss for the first quarter.
LSCC came in with a first quarter loss of four cents a share compared with a loss of one cent a year ago.
Trading so far today has swelled to $2.5 million shares from 1.3 million a year ago - a double in volume. TTD's clip of the tape shows that the selling started to come in late on Thursday. That is when a big block of 14,300 shares crossed the tape on a down tick to $5.80 a share from $5.82 on the prior trade.
The company blamed inventory adjustments, and weakness in its business for the computer and telecom business.
LSCC also makes low-density logic devices, and sells the software needed to customize its chips, which are used in communications, computing, industrial, and military applications.
The fabless semiconductor company has also expanded into the market for field-programmable gate arrays (FPGAs), another type of programmable chip.
Technically, LSCC looks like an ideal short. The stock's TTD momentum indicaor is now bearish (see top of the chart) and the accumulation - distribution line is now trending lower. TTD sees LSCC as a good short for aggressive bears. TTD is targeting the stock for a drop to 4 within the next 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.)