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Daily - Go to TTD's Chart scroller of Breakout Stocks - Friday - June 24, 2022 |
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(WMV video player download for Google) https://videoconverter.iskysoft.com/play-video/wmv-player-for-chrome.html Go to Video Show - "How to Make Money With Breakout Stocks |
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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.
Friday - June 24, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 4
Quality of Breakouts - Neutral.
Stocks Screened - 6,500
Bull side - Small list of breakouts, even though the market rises sharply.
Stock market - Major averages remain bearish, except for the daily Nasdaq which is now bullish.
Comment - Breakout list selective, but some interesting plays. Stock market in a rally phase within a bear market
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: BZ and KMX
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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Nasdaq - Bullish |
Nasdaq - Bearish |
Nasdaq - Bearish |
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S&P 500 - Bearish |
S&P 500 - Bearish |
S&P 500 - Bearish |
Ticker Tape Digest's 
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TTD's Quality Rating of Stock - VRTX - Average |
VRTX, based in Cambridge, Ma., develops medicines to treat cystic fibrosis. Annual revenues: $7.6 billion. VRTX's stock breaks out from its 11-week, double-bottom base Friday. 
So far today, VRTX is trading a heavy 4.3 million shares, more than double its average daily volume of 1.7 million shares.
TTD sees chances for more on the upside.
The stock is near an all-time high. 
VRTX's stock worked higher through the day.
VRTX cleared its breakpoint line late in the day
In after-hours trading, VRTX was down $1.15 a share.
Tape Action
VRTX's tape action shows the recent block trades.
One can see the prices for the blocks rising from $281.88 in the morning to as high as $292.55 by the close.
A key bullish trade came in the morning when a block of 10,000 shares crossed the tape at $283.38.
That was up from the prior block at $281.94 on 10,000 shares. 
Near the close a big block of 814,481 shares crossed at $292.55.
That was up from the prior block at $287.61 on 24,500 shares.
Business
VRTX develops medicines to treat the underlying cause of cystic fibrosis.
The company's marketed medicines are TRIKAFTA/KAFTRIO, SYMDEKO/SYMKEVI, ORKAMBI.
Its medicines are being used to treat the people with CF in North America, Europe and Australia.
The company has a pipeline of investigational therapies in other serious diseases.
Charts
VRTX's 12-month performance chart shows the stock up 55% versus an 10% loss for the stock market.
Insider were recent buyers at $81 using stock options.
They were sellers at $246 to $289 a share. .
VRTX's long-term chart shows the stock climbing from $71 back in 2016 to a peak at $306 by 2020.
The
stock fell back to $180 in 2021, but has since pushed higher to $292 a share. .
VRTX's daily chart shows the stock climbing from $220 in February to a peak at $291 by April .
The stock pulled back and formed a double-bottom base.
It has since rallied strongly and now clears upside resistance with an expansion in volume.
The CCI momentum indicator is strongly bullish.
Earnings Outlook
This year, analysts project a 9% increase in net to $14.13 a share from the $13.02 the prior year.
Going out to 2023, the Street expects a 6% rise in net to $15.03 a share from the anticipated $14.13 this year.
Net for the second quarter should rise 14% to $3.56 a share from the $3.11 the year before.
The company beat the Street estimate three out of the past four quarters.
For the third quarter, the Street expects a modest 2% increase in net to $3.62 a share from the $3.56 the year before.
Strategy Opinion: TTD is targeting VRTX for a move to $340 within the next few months, or sooner.
A protective stop can be placed near $285.
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
VRTX scored good gains off recent breakouts. |
Response to Net |
Bullish |
VRTX rose 10 times after 15 earnings reports. |
Seasonal Success |
Bullish |
VRTX avg. gain 5.4% in June, loss 3.1% in July. |
Earnings Beats |
Bullish |
VRTX beat net estimates 18 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 |
14% |
3/29/2022 | 255.64 | 290.93 | 4/13/2022 |
24% |
12/9/2021 | 204.95 | 253.57 | 2/2/2022 |
29% |
10/25/2019 | 191.64 | 247.78 | 2/19/2020 |
(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's Feature Breakout Stock
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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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Eli Lilly and Co. (LLY) - 325.62 Net to Rise 1% This Year
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Peoples Financial Services Corp. (PFIS) - 55.29 Net to Rise 12% This Year
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Bristol-Myers Squibb Co. (BMY) - 78.96 Net to Rise 1% This Year
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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 - 2
Stocks Screened - 6,500
Long-Term Environment for Bears: Favorable.
Bear Side - Only 2 shorts as stock market rallies sharply Friday. Bears need to be watchful.
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TTD's Quality Rating of Stock - ALLG - Below Average |
ALLG, based in Allego NV, formerly Athena Pubco B.V, is a Netherlands-based firm providing charging solutions for electric
cars, motors, buses and trucks. Annual revenues: 86.3 million European Euro..
So far today, ALLG is trading 76,125 shares. Its average daily volume is 131,000 shares.
TTD sees potential for more on the downside. 
ALLG's stock moved lower in the morning and undercut key technical support.
The stock then drifted lower during the afternoon.
It closed near its low for the session.
In after-hours trading, ALLG was up 4 cents a share.
Tape Action
ALLG 's tape action shows the recent block trades.
One can see the price for the blocks falling from $6.75 in the morning to as low as $6.22 late in the date.
A key bearish trade came in the morning when a block of 1,350 shares crossed the tape at $6.61.
That was down from the prior block at $6.75 on 700 shares.
Business
ALLG provides charging solutions for electric cars, motors, buses and trucks. It provides EV charging in Europe. Charging solutions are connected to Allego’s proprietary platform, EV-Cloud.
The company’s activities include installation consulting and services, such as design, supervision the building of and calibrating sites for third parties.
It operates sites on behalf of third parties and perform preventive and corrective maintenance.
Charts
ALLG's daily chart shows the stock trending lower from $25 in March down to $6.66.
The stock then trended sideways for several weeks.
It now falls below key technical support.
The CCI momentum indicator is bearish.
Earnings:
ALLG is expected to show a loss of 13 cents a share this year compared with a loss of $3.78 the prior year.
Going out to 2023, the Street predicts a loss of 15 cents a share.
For the first quarter, a loss of 3 cents a share is expected. There was no comparable results.
Then in the second quarter a loss of 3 cents a share is projected.
Strategy Opinion: TTD is targeting ALLG for a decline to $4.90 within the next few months or sooner.
A protective stop buy can be placed near $6.50.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
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Response to Net |
Bearish |
ALLG rose 0 times after 1 earnings report. |
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Seasonal Success |
Bearish |
ALLG avg. loss 11.6% in June, gain 0.7% in 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.)
