Daily - Go to TTD's Chart scroller of  Breakout Stocks - Thursday, May 4, 2017

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List and Performance - Thursday, May 4, 2017

Daily - Bullish Aggressive Investor - Go To TTD Quick Trade Setups (74% win rate) - Thursday, May 4 2017

Ticker Tape Digest

Thursday - May 4, 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.

Thursday - May 4, 2017

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts so far today - 20

Quality of Breakouts - Average

Stocks Screened - 12,234

Bull side -  Large lis of shorts Thursday as earnings drive some stocks higher. Bulls can be venturesome.

Stock market  - Bulls still in control as all major average and times frames remain in up trends.

Stock Market Momentum

(Based on 14 unit moving average)

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action - Thursday

(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

Extreme Networks Inc. (EXTR) - 8.53, up 0.88 - Breakpoint 8.13

Net tops Estimates, TTD Targets 11

  EXTR, based in San Jose, Ca., provides network infrastructure equipment. Annual revenues: $528 million. EXTR's stock drives higher Thursday and breaks out from a six-week, cup-and-handle base. The move carries the stock to an eight year high.

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

  So far today, EXTR is trading a heavy 4.5 million shares, triple its average daily volume of 1.4 million shares.

  The stock drive higher was triggered by better than expected earnings.

  EXTR came in with net for the fiscal second quarter ending in March of 10 cents a share. That topped the Street consensus estimate of 8 cents a share.

  It was eighth straight quarter that EXTR has topped the Street consensus estimate. That is impressive.

  EXTR's stock drove sharply higher in the morning and cleared its breakpoint line. (see 10-minute chart)

  The stock reached a peak of $9.07.

  It then pulled back slightly and trended sideways the rest of the day.

Tape Action

  EXTR's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $7.65 in the prior session to as high as $8.69.

  A key bullish trade came in the morning when a block of 356,000 shares (duplicated) crossed at $7.80.

  That was up from the prior block at $7.65 on 54,927 shares.

  After the close, a block of 15,700 shares crossed at $8.60.

  That was up from the prior block at $8.53 on 91,212 shares.

  Business

  The company sells  its products to business, governmental, healthcare, service providers. and educational customers.

  EXTR 's products include ExtremeWireless, ExtremeSwitching, ExtremeControl, ExtremeManagement, ExtremeCloud, ExtremeAnalytics and ExtremeSecurity.

  The Company offers solutions in categories, which includes industry solutions, technology solutions and managed services solutions. It operates worldwide.

Charts

  EXTR's 12-month performance chart shows the stock appreciating a sensational 145% versus a 17% gain for the stock market.

  Insiders have been getting stock options $2.82 a share recently. They have been recent sellers at $4 to $5 a share.

  EXTR's long-term chart shows the stock climbing from $1.06 a share in 2009 to as high as $8.14 in 2014.

  The stock then fell back to $2.10 in 2015. However, since then EXTR has driven sharply higher.

  EXTR's daily chart shows the stock trend steadily higher the past several months holding above the rising 50-day moving average line.

  The stock reached a peak in late March and then pulled back and formed a cup-and-handle base.

  The breakout Thursday is powerful coming with strong volume.

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

 Earnings Outlook

  This fiscal year ending in June, analysts are forecasting a 74% surge in profits to 24 cents a share from 14 cents a year ago.

  The stock sells with a price-earnings ratio of 35. TTD sees that as attractive to value-growth investors.

  Looking out to fiscal 2018 ending in June, the Street predicts a 46% leap in net to 36 cents a share from the anticipated 24 cents this year.

  Net for the fiscal fourth quarter ending in June analysts look for a 33% increase in net to 9 cents a share from 7 cents the year before.

  Profits for the fiscal first quarter ending in September of 2017 should be up 25% to 5 cents a share from 4 cents the year before.

Strategy Opinion:  TTD is targeting EXTR for a move to 11 off this breakout. A protective stop can be placed near $7.30.

  TTD rates EXTR a good intermediate-term play provided earnings meet expectations.

Suitability: Aggressive Bulls.

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

Probability - Breakout Success - Well Above Average - EXTR has chalked up some very big gains off its recent breakouts.

Probability - Earnings Response - Well Above Average - EXTR has moved higher 9 out of the past 12 earnings reports when there was a significant move. However, when it missed the stock did fall sharply.

Probability:  Seasonal Success - Average -  EXTR declined a modest 0.3% in May of the past five years and 0.2% in June. Its best month is September with a 14%  average gain.

           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 - 20 - The max.

Stocks Screened - 12,234

Long-Term Environment for bears:  Unfavorable.

Bear Side -  Large list of breakdown stocks. Oil issues and those with disappointing earnings break to the downside. Bears can be venturesome.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Unit Corp. (UNT) - 17.92, down 4.17

Profits Miss Badly, TTD Sees Fall to 14

 UNT, based in Tulsa, Okla., is an oil and natural gas contract drilling company. Annual revenues: $602 million. UNT's stock falls sharply Thursday after the company misses badly with its quarterly earnings. TTD sees more on the downside.

  Also, impacting stock was a sharp decline in oil prices.

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

  So far today, UNT is trading a heavy 3.2 million shares, four times its average daily volume of 677,000 shares.

  UNT reported net for the first quarter came in at 15 cents a share. That was an improvement over the loss of a year ago.

  However, it was well below Street estimates of 24 cents a share.

  The stock fell sharply at the opening an hit an intraday low of $17.35 in the morning.

  It lifted slightly and then trended mostly sideways the rest of the day. In the final hour it tried to rally, but faded with selling kicking in again.

  Tape Action

  UNT's tape action shows the recent block trades.

  One can see the price for the blocks falling from $22.09 in the prior session to as low as $17.51 Thursday.

  A key bearish trade came in the morning when a block of 16,240 shares crossed the tape at $20.91.

  That was down sharply from the prior block trade at $22.09 on 6,954 shares.

  Business

 UNT operates through: Oil and Natural Gas, Contract Drilling and Mid-Stream.

 It is primarily engaged in the exploration, development, acquisition, and production of oil and natural gas properties.

 Its oil and natural gas operations are carried out by its subsidiary Unit Petroleum Company.

Contract Drilling operations are carried out by its subsidiary Unit Drilling Company.

  Earnings:

  UNT had topped the Street estimate the prior three quarters. So, the miss Thursday surprised the Street.

  This year, analysts are forecasting a profit of $1.37 a share compared with a loss of 28 cents the year before. The estimate may hinge on the price of oil, which has been declining recently.

  Going out to 2018, analysts look for a 47% jump in profits to $2 a share from the anticipated $1.37 this year.

  For the upcoming second quarter, they look for a profit of 30 cents a share compared with a loss of 15 cents the year before.

Charts:   

  UNT's daily chart shows the stock peaking in early 2017 at $30.62. Since then it has been trending lower.

  UNT's 12-month performance chart shows the stock up 50% versus a gain of 16% for the stock market. UNT performed very well last year. It is struggling this year.

  Insiders have been getting lot of stock options. They have not done any buying or selling recently.   

Strategy Opinion: TTD is targeting UNT for a decline to $14. A protective stop buy can be placed near  $19.20. 

Suitability: Aggressive Bears.

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

Probability - Earnings Response -  Average. Stock rose 7 times following the past 12 earnings reports where there was a significant change.

Probability:  Seasonal Activity -- Bearish.  UNT has declined an average of 2.4% in May. It has been flat in June and down a big 12.3% in July, historically its most bearish month.

   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.)