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Daily - Go to TTD's Chart scroller of Breakout Stocks - Wednesday - June 22, 2022 |
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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.
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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) |
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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 22, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - None
Quality of Breakouts - Not Available.
Stocks Screened - 6,500
Bull side - No breakouts Wednesday as stock market rally try fizzles.
Stock market - Major averages remain bearish in all sectors.
Comment - Stock market still in an overall down trend. Bulls be patients looking for a significant turn up.
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)
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Market (Daily) |
Market (Weekly) |
Market (Monthly) |
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Dow - Bearish |
Dow - Bearish |
Dow - Bearish |
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As - Bearish |
Nasdaq - Bearish |
Nasdaq - Bearish |
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S&P 500 - Bearish |
S&P 500 - Bearish |
S&P 500 - Bearish |
Ticker Tape Digest's |
TTD's Quality Rating of Stock - HURN - Average |
HURN, based in Chicago, provides consulting services for healthcare and education. Annual revenues: $927 million. HURN's stock moves higher Wednesday. The stock is now getting closer to a breakout from its 5-week flat base. 
TTD suggest accumulation in anticipation of a breakout.
There were no breakout stocks Wednesday.
So far today, HURN is trading 177,603 shares. Its average daily volume is 130,000 shares.
HURN's stock fell to $58.53 in the morning.
However, the stock rallied back to $60.79 by late in the morning. 
The stock then pulled back slightly and then trended sideways the rest of the day.
The stock was unchanged in after-hours trading.
Tape Action
HURN's tape action shows the recent block trades.
One can see the prices for the blocks rising from $59.08 in the morning to as high as $60.50 in the afternoon.
A key bullish trade came in the morning when a block of 1,800 shares crossed the tape at $60.
That was up from the prior block at $59.08 on 665 shares. 
Near the close a block of 27,276 shares crossed at $60.27.
That was up from the prior block at $60 on 3,998 shares.
That was bullish.
Business
HURN provides consulting services through three operating segments: Healthcare, business advisory and education.
The Healthcare segment serves providers and payors, including national and regional hospitals, integrated health systems, academic medical centers, community hospitals, medical groups and health plans.
The business advisory segment serves healthcare, energy and utilities, financial services, life sciences, industrials and manufacturing, education, and the public sector.
Charts
HURN's 12-month performance chart shows the stock up 18% versus a 9% loss for the stock market.
Insider were recent buyers at $38 to $39 using stock options.
They were sellers at $60 to $45 a share. .
HURN's long-term chart shows the stock climbing from $30 back in 2017 to a peak at $70 by 2019.
The stock fell back to $36 in 2020 due in part to the stock market drop
HURN
has since climbed to $62 and is set up for a breakout.
HURN's daily chart shows the stock climbing from $44 in March to a peak a $62 by May.
The stock has since put down a flat base.
HURN is in range to breakout at any time.
The CCI momentum indicator is working higher.
Earnings Outlook
This year, analysts project HURN will post a 23% increase in net to $3.20 a share from the $2.61 the prior year.
Going out to 2023, the Street predicts an 18% rise in net to $3.76 a share from the anticipated $3.20 this year.
Net for the second quarter should climb 77 cents a share from the 69 cents the year before.
The company beat the Street estimate in the past four quarters by 19 cents a share, 3 cents, 2 cents and 23 cents.
Then in the third quarter this year, the Street predicts a 22% increase in net to 95 cents a share from the 78 dents the year before.
Strategy Opinion: TTD is targeting HURN for a move to $72 after a breakout.
A protective stop can be placed near $57.
Intermediate-Term Rating: Average.
Suitability: Aggressive Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
HURN scored modest gains off recent breakouts. |
Response to Net |
Bullish |
HURN rose 9 times after 15 earnings reports. |
Seasonal Success |
Bullish |
HURN avg. loss 2.1% in June, gain 6.9% in July. |
Earnings Beats |
Bullish |
HURN beat net estimates 13 time after 20 reports. |
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 |
23% |
4/8/2022 | 49.84 | 61.20 | Still in play |
14% |
7/30/2019 | 55.97 | 63.57 | 9/4/2019 |
13% |
7/6/2018 | 42.92 | 48.75 | 8/27/2018 |
(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 - HURN
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Long- Term Chart
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Stock's Price Performance after Reporting Earnings
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12 - month Performance Chart vs. S&P 500
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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 - 10
Stocks Screened - 6,500
Long-Term Environment for Bears: Favorable.
Bear Side - Large list of shorts with some interesting plays for aggressive bears.
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TTD's Quality Rating of Stock - SCCO - Below Average |
SCCO, based in Phoenix, produces copper and other metals in Peru and Mexico. Annual revenues: $10.9 billion. SCCO's stock falls sharply Wednesday and undercuts key technical support. 
So far today, SCCO is trading 1.5 million shares. Its average daily volume is 1.2 million shares.
TTD sees potential for more on the downside.
SCCO's gapped lower in the morning and undercut key technical support.
The stock touched an intraday low at $52.52 around midday. 
The stock tried to rally, but then rolled over late in the day.
Tape Action
SCCO's tape action shows the recent block trades.
One can see the price for the blocks falling from $55,32 in the prior session to as low as $52.75 by noon.
A key bearish trade came in the morning when a block of 4,000 shares crossed the tape at $53.20.
That was down from the prior block at $55.32 on 161,336 shares.
Near the close a big block of 129,665 shares crossed at $52.85
That was on a down tick from the prior trade at $52.86 on 110 shares.
Business
SCCO produces copper and by products such as molybdenum, silver, zinc, sulfuric acid and other metals.
Its segments include the Peruvian operations, the Mexican open-pit copper mines and the Mexican underground mining operations.
The Peruvian operations cover the Toquepala and Cuajone mine complexes and the smelting and refining plants.
Charts
SCCO's daily chart shows the stock falling from $79 in April down to $52...
The stock tried to rally but now rolls over and undercuts key technical support.
The CCI momentum indicator is bearish.
Earnings:
SCCO should show a 6% decline in net to $4.14 a share from the $4.39 the prior year.
Going out to 2023, the Street predicts net of $4.24 a share, a 3% rise.
For the second quarter, net should be down 11% to $1.08 a share from the $1.21 the prior year.
Then in the third quarter net should be down 1% to $1.11 a share from the $1.12 the year before.
Strategy Opinion: TTD is targeting SCCO for a decline to $43 within the next few months or sooner.
A protective stop buy can be placed near $56.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
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Response to Net |
Neutral |
SCCO rose 7 times after 14 earnings report. |
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Seasonal Success |
Bullish |
SCCO avg. loss 0.3% in June, gain 2.3% 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.)
