Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for Tuesday, May 5
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Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for Tuesday, May 5 |
| Go to Video Show - "How to Make Money With Breakout Stocks" |
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Go to Video Show - "How to Make Money With Breakout Stocks" Go to Video Show -TTD Performance 2008 Long and Sh
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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 positions both as trades or for longer-term plays. These stocks
will do very well during bear markets or market corrections
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. TTD often suggests using stop buy orders to enter. It is very important to buy a breakout stock as close as possible to the break point. 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.
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.
Total Buy Breakouts so far today - 4
Stocks Screened - 8,200
Bull side - Only a few breakouts today as stock market edges back. Bulls remain alert for good plays. Market showing good resilience so far.
(Put mouse on Dow chart to see Nasdaq chart)
Long Term Environment for bulls: Neutral
Market (Daily) - NYSE Bullish, Nasdaq Bullish
Market (Weekly) -NYSE Bullish, Nasdaq Bullish
Market (Monthly) NYSE Bullish, Nasdaq Bullish
| TTD's Quality Rating of Stock - IPCM - AVERAGE |
IPCM, based near Los Angeles, is a national physicians group specializing in hospital
care. Annual revenues: $251 million. IPCM's stock breaks out from an eight-week flat base today after reporting stronger than expected earnings. The stock came public in 2008. So far today, IPCM is trading a hefty 613,885 shares, six times its normal daily volume of 101,000 shares. 
TTD highlighted IPCM as a breakout at our midsession show on the Web today.
IPCM drove sharply higher in the morning on the strength of its earnings. It came in with a 40% increase in first quarter net to 28 cents a share from 20 cents a year ago. The 28 cts beat the consensus Street estimate of 26 cents a share. It matched the highest estimate of 28 cents.
TTD's clip of the tape shows a big block of 15,000 shares crossing the tape on a nice up tick to $20.28 from the prior trade at $28.20. The tape action indicated good institutional buying.
The firm's physicians work with patients admitted for overnight stays and treat them from the time of admission until discharge.
The company provides services of physicians, physician’s assistants, and nurse practitioners. IPCM also offers management systems to hospitals that support billing and collections, training, marketing, and recruiting services.
TTD's performance chart for the past three months shows IPCM's stock appreciating 10%. That compares with a gain of 8% for the S&P 500 index.
TTD's long-term chart shows IPCM rallying from 13 late last year to 21. It is now in a nice up trend. So, the long-term pattern has improved. 
IPCM's daily chart shows the stock rallying from 14 in February to 20. The flat base showed a nice contraction of volume. Now on the breakout today volume expands aggressively. That is ideal for bulls.
A big positive for bulls is the widening of the daily spread (range from high to low). That shows ease of price movement and is bullish.
The stock's TTD momentum indicator (top of chart) is neutral. The accumulation - distribution line (bottom of chart) had been flat, but shows signs of turning up.
IPCM has been showing sold 20% type growth. That is excellent. Looking out to the second quarter, the Street forecasts a 26% increase in net to 23 cents a share from 18 cents a year ago. The highest estimate is at 23 cents.
Revenue growth is running at 26%. Patient encounters grew at 18% in the most recent quarter. The company is benefiting from its expansion into Southern Florida.
For this year, analysts look for a 21% gain in net to $1.05 a share from 87 cents a share a year ago. The stock sells with a price-earnings ratio of 20, which is reasonable. Going out to 2010, the Street projects a 20% increase in net to $1.26 a share.
Strategy Opinion: IPCM is a solid company growing at 20%. TTD is targeting the stock for a move to 27 within the next few months or sooner. A protective stop can be placed near 20. TTD rates IPCM a good intermediate-term play. We give it only an average breakout rating because it has yet to make a new high.
Sponsorship: Not available. IPCM has 16 million shares outstanding.
Insider Activity: Not available. Four analysts follow the stock and all have a buy. There were 5 buys three months ago.
Stock Performance Chart for 3 months with Quarterly Earnings Markers.
| TTD's Breakout Profile
Rating IPC The Hospitalist Company (IPCM) |
| 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)
Charts of Breakout Stocks
| TTD's Quality Rating of Stock - PEGA - ABOVE AVERAGE |
| TTD's Quality Rating of Stock - ICE - BELOW AVERAGE |
| TTD's Quality Rating of Stock - GVA - BELOW AVERAGE |
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 - 8,200
Long-Term Environment for bears: Neutral
Bear Side - Very few breakdown stocks today even as stock market pulls back. Bears be very conservative, but watchful.
(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.)
CGNX, based in Natick, Ma., makes computerized quality-control machine-vision systems. Annual revenues: $243 million. CGNX's stock gaps sharply lower today after the company reported a larger than expected loss. The stock has been a lagging issue trying to make a bottom. Today's breakdown opens the door for more on the downside. 
So far today, CGNX is trading 1.1 million shares, four times its normal daily volume of 247,000 shares.
The stock gapped lower at the opening, stabilized for a few hours and then headed lower in the afternoon.
TTD's clip of the tape shows the recent big block trades. One can see the price for the blocks working lower from $14.37 late on Monday to $13.28. The tape action shows consistent institutional selling pressure through the day.
CGNX reported a loss for the fiscal first quarter of 9 cents a share compared with a profit of 20 cents a year ago. The Street was looking for a loss of just one cent a share. The lowest estimate was for a loss of 9 cents a share.
CGNX's systems, which include computer and proprietary software, connect to a video camera and analyze images for use in reading labels and barcodes, measuring an object's dimensions, and detecting flaws.
The company markets its products under the In-Sight and SmartView brand names.
This year, the Street is forecasting a 95% plunge in earnings to 4 cents a share from 73 cents a year ago.
TTD's daily chart shows CGNX rallying from 10 to 14. It then formed a base. However, now the stock breaks to the downside
Strategy Opinion: CGNX breakdown is significant. TTD is targeting the stock for a decline to 10 within the next few months, or sooner. A protective stop buy can be placed near 14.
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.)
