|
|
|
Daily - Go to TTD's Chart scroller of Breakout Stocks - Thursday - June 16, 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.
|
Ticker Tape Digest's Daily schedule guide for TTD subscribers 1. Pre-market - check Breakout Watch List and Quick Trades. 2. Morning - (11:30 - 12 A.M.) - check breakout stocks tape and breakout chart slide show. 3. Midday (1 P.M.) check TTD Midsession Report and see market video show. 4. After close (4 P.M.) check final TTD Report for day. Trading Strategies Bullish Aggressive Investors Bullish - "Breakout Stocks" - ideally suited for bull markets and special situation stocks. Potential for large returns. (See Performance) Aggressive Investor Bullish- "Quick Trade Stocks" -ideally suited for entry into top performing issues looking for a small quick profit." (See Performance) Conservative Investors "Bargain Buy Trades for the Long Term." Ideally suited for entry into top performing big cap stocks on pullbacks within overall up trend.(See Performance) Bearish Aggressive Bearish Investors - "Breakdown Stocks" to Sell Short. Ideally suited for bear markets or market pull backs. Potential for large returns (See Performance) |
|---|
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.
Thursday - June 16, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 1
Quality of Breakouts - Average.
Stocks Screened - 6,500
Bull side - Only one breakout stock. The stock market falls sharply to a 16 month low for the Dow.
Stock market - Major averages are bearish in all time sectors.
Comment - Bulls be conservative and patient. Stock market momentum indicates potential for more on the downside.
See Latest Earnings Reports - A company that tops the Street's highest earnings estimate has potential to go higher. Today's key earnings beats with a stock on the move higher: None.
Stock Market Momentum
(Daily is based on a moving average)
|
Market (Daily) |
Market (Weekly) |
Market (Monthly) |
|
Dow - Bearish |
Dow - Bearish |
Dow - Bearish |
|
Nasdaq - Bearish |
Nasdaq - Bearish |
Nasdaq - Bearish |
|
S&P 500 - Bearish |
S&P 500 - Bearish |
S&P 500 - Bearish |
Ticker Tape Digest's 
|
TTD's Quality Rating of Stock - JMSB - Average |
JMSB, based in Reston, Va., operates small banks in Virginia and Washington D.C., 
Annual revenues: Not available.
JMSB' stock moves higher Thursday and breaks out from a 5-week, flat base.
The move carries the stock to a new all-time high. JMSB, a conservative play, came public back 2013.
TTD sees chances for a push higher.
JMSB's stock moved higher in the morning and then cleared its base by noon.
The stock then edged slightly higher in the afternoon.
In after-hours trading, JMSB was up 24 cents a share
Tape Action
JMSB's tape action shows the recent block trades.
One can see the price for the blocks rising from $28.48 in the morning to as high as $29.50 in the afternoon. 
A key bullish trade came in the morning when a big block of 800 shares crossed the tape at $28.75.
That was up from the prior block at $28.48 on 581 shares.
Near the close a big block of 73,703 shares crossed at $29.36.
That came on up tick from the prior trade at $29.33 on 100 shares.
Business
JMSB. is the bank holding company for John Marshall Bank.
The bank primarily serves small to medium-sized businesses, their owners and employees, non-profits, and individuals.
The bank's products cover commercial checking, savings and money market accounts, certificates of deposit, treasury and cash management services, commercial and industrial loans.
It also services commercial real estate loans, residential and commercial construction loans.
Charts
JMSB's 12-month performance chart shows the stock up 60% versus a loss of 13% for the stock market.
Insiders were recent buyers at $6 a share using stock options.
They were sellers at $22 to $27.63 a share.
JMSB's long-term chart shows the stock rising from $12 a share in 2016 to a peak at $17.4551 by 2018.
The stock based but then in 2020 tumbled down to $16 when the stock market dropped.
JMSB
then worked steadily higher to a new peak at $29.36 Thursday.
.
JMSB's daily chart shows the stock rising from $20 in March to a peak at $29 by May.
The stock then formed a flat base. Now it breaks out a good pick up in volume.
The stock showed good accumulation while basing.
The stock's CCI momentum indicator is strongly bullish.
Earnings Outlook
No analysts have an earnings estimate for JMSB for this year.
Strategy Opinion: TTD is targeting JMSB for a move to $34 within the next few months or sooner.
A protective stop can be placed near $27.
Intermediate-Term Rating: Average.
Suitability: Conservative Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
JMSB scored goodl gains off recent breakouts. |
Response to Net |
Bullish |
JMSB rose 5 times after 7 earnings reports. |
Seasonal Success |
Bullish |
Not available. |
Earnings Beats |
Neutral. |
Not available. |
Stock's Prior Performance After a Breakout
Stock's % Change from Breakout to peak - prior to cut below 50-day M/A. |
Date of Breakout |
Break point Price |
Stocks Price Peak after Breakout - prior to cut below 50-day M/A |
Date Trade Closed |
32% |
4/27/2022 | 22.17 | 29.36 | Still in play |
20% |
11/1/2021 | 18.73 | 22.40 | 3/10/2022 |
25% |
1/19/2021 | 14.43 | 17.99 | 3/16/2021 |
(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. Sell point can be a cut below the 50-day M/A.)
TTD Breakout Stock
|
Long- Term Chart |
|
Stock's Price Performance after Reporting Earnings
|
|
12 - month Performance Chart vs. S&P 500
|
Ticker Tape Digest’s
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 - 22
Stocks Screened - 6,500
Long-Term Environment for Bears: Favorable.
Bear Side - Large list of shots as stock market takes a sharp drop. Bears can be aggressive even though the market is extended. The VIX, volatility index, indicates market could become more volatile.
|
TTD's Quality Rating of Stock - PRG - Below Average |
PRG, based in Draper, Utah, formerly Aaron's Holdings Company, Inc., provides lease-purchase solutions. Annual
revenues: $2.7 billion. PRG's stock gaps lower Thursday and undercuts key technical support. 
So far today, PRG is trading a heavy 3.2 million shares, five times its average daily volume of 636,000 shares.
TTD sees potential for more on the downside. 
PRG's stock fell in the morning and undercut support. The stock declined steadily during the day.
It touched an intraday low in the afternoon at $16.22.
The stock lifted slightly in the final hour.
In after-hours trading, PRG was up 5 cents a share.
Tape Action
PRG's tape action shows the recent block trades.
One can see the price for the blocks falling from $21.39 in the morning to as low as $16.29 late in the day..
A key bearish trade came in the morning when a block of 6,500 shares crossed the tape at $19.68.
That was down from the prior block at $21.39 on 14,196 shares.
Near the close a big block of 123,020 shares crossed at $16.57.
That came on a down tick from the prior trade at $16.61 on 158 shares.
Business
The company has some 30,000 retail partner including e-commerce merchants. The company operates through Progressive Leasing and Vive segments.
IT
provides lease-purchase solutions. Vive segment offers financing programs originated through third-party federally insured banks to customers of participating merchants.
Charts
PRG's daily chart shows the stock trending lower from $40 down to $25. It tried to form a bottom, but now gaps lower and undercuts support.
The CCI momentum indicator is very bearish.
Earnings:
This year, analysts forecast a 15% decline in net to $3.34 a share from the $3.94 the prior year.
For the second quarter, net should fall 35% to 71 cents a share from the $1.09 the prior year.
Then in the third quarter net should rise 5% to 99 cents a share from the 94 the year before.
Going out to 2023, net should climb 21% to $4.06 a share from the anticipated $3.34 this year.
Strategy Opinion: TTD is targeting PRG for a decline to $13 within the next few months or sooner.
A protective stop buy can be placed near $18.20.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
|
Response to Net |
Bearish |
PRG rose 7 times after 15 earnings report. |
|
Seasonal Success |
Bullish |
PRG avg. loss 0.8% in June, gain 2.13% July. |
Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500
Insider Buying in Green - Insider Selling in Red
Guide: Symbol=Ticker, Name=Corporate name, Entry is the buy price to enter on the breakout, Last=prior close, Change=change from last close to prior, Date=date of price of close etc, Gain in blue is price above breakpoint (entry), Gain in red is price below breakpoint (entry)., % Gain in blue is % over breakpoint (entry), Gain in red is % below breakpoint (entry)
Copyright --- Ticker Tape Digest - 2022
TTD columnist Leo Fasciocco has covered the stock market for over 30 years. His articles appear in many publications. He has also been a speaker at the Money Show 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 1-480-704-3331 or 480-878-8381
Distributed by Corona Publishing Enterprises. Ticker Tape Digest Inc. 1220 W. Sherri, Gilbert, Az. 85233.
TTD “Professional Report” is available on the Web: $100 per month. Password needed. Published daily - around 20 times a month.
TTD Pro Report includes a Morning chart slide show of breakout stocks, a Midsession video-audio show with commentary on breakout stocks and shorts and a Final end of day overall report on breakout stocks for the session, short plays and accumulation plays. There are other features too such as Quick Trades and Long-term Plays.
TTD Daily Report is $39. It covers a Morning slide show of charts of stocks breaking out and a TTD end of day print report covering breakout stocks and shorts.
Credit cards accepted. Payable to Corona Publishing Enterprises.
(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.)
