Ticker Tape Digest

Wednesday - June 1, 2022

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 Accumulation 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 Swing - 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 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: 1-480-878-8381 or 480-704-3331.

Wednesday - June 1, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakout Stocks - 6

Quality of Breakouts - Above average.

Stocks Screened -  6,500

Bull side - Small list of breakouts. Energy stocks dominate.

Stock market - Major averages bullish daily. However,they are bearish weekly and monthly.

Comment - Small list of breakouts but some interesting plays in the hot energy sector.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Today's key earnings beats: DSGX,PSTG and CPRI.

Stock Market Momentum

(Daily is based on a moving average)

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action

(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 near breakpoint by using market order or stop buy.  They can also be bought soon after a follow through move, sometimes on an intraday pullback.

Wednesday Breakouts 

TTD's Feature Breakout Stock

PDC Energy Inc. (PDCE) - 82.44, up 3.30, Breakpoint 79.42

Net to Jump 125% This Year, TTD Targets 98

  PDCE, based in Denver, produces oil and gas in Colorado and Texas. Annual revenues:$1.9 billion. PDCE's stock drives higher Wednesday and breaks out from its 11-week, flat base.

  So far today, PDCE is trading 1.8 million shares. Its average daily volume is 1.4 million shares.

  TTD sees chances for more on the upside. The energy sector remains hot.

  PDCE's stock moved higher in the morning and cleared its breakpoint.

  The stock sagged back a bit later in the morning

  However, it came on strong in the afternoon closing near its high for the session.

  In after-hours trading, PDCE was up 17 cents a share.   

  Tape Action

  PDCE's tape action shows the recent block trades.

  One can see the price for the blocks rising from $79.14 in the prior session to as high as $82.44 by the close.

  A key bullish trade came in the morning when a block of 14,300 shares crossed the tape at $80.51.

 That was up from the prior block at $79.14 on 8,534 shares.

  Near the close a big block of 213,588 shares crossed at $82.44.

  That was up from the prior block at $81.75 on 5,700 shares.

  Business 

  PDCE is an oil exploration and production company.

The company has operations in the Wattenberg Field in Colorado and the Delaware Basin in west Texas.

Its operations in the Wattenberg Field are focused on the horizontal Niobrara and Codell plays, and its Delaware Basin operations are primarily focused on the horizontal Wolfcamp zones.

The Company owns an interest in 3,500 gross productive wells. The company's wholly owned subsidiary is PDC Permian, Inc.

Charts

  PDCE's 12-month performance chart shows the stock up 78% versus a loss of 2% for the stock market.

  Insider were recent buyers at $63.91. They also bought at $37.18 with stock options.

They were sellers at $65 to $73 a share.

  PDCE's long-term chart shows the stock falling from $84 back in 2017 to $4.51 by 2020 when the stock market fell.

 However, the stock has since rallied back strongly to $82.

 PDCE's daily chart shows the stock rising from $50 in January to a peak near $79 by April.

 The stock then put down a double-bottom base.

 The past few sessions it has driven higher and now breaks out.

 The stock's CCI momentum indicator is extremely  bullish..

  Earnings Outlook

  This year, the Street  predicts a 125% surge in net to $17.95 a share from the $7.99 the year before.

 Going out to 2023, analysts expect an 8% rise in net to $19.40 a share from the anticipated $17.95 this year.

 For the second quarter, analysts expect a 179% surge in net to $4.63 a share from the $1.66 the year before.

 Then in the third  quarter net should spurt 115% to $5.02 a share from the $2.33 the year before.

Strategy Opinion: TTD is targeting PDCE for a move to $98 within the next few months, or sooner.

 A protective stop can be placed near $77

Intermediate-Term Rating: Above Average.

Suitability:   Average Bulls.

TTD's special research of Stocks Prior Performance: 

                  Stock's Prior Performance After a Breakout