Daily - Go to TTD's Chart scroller of Breakout Stocks - Tuesday - June 28, 2022 |
(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.
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.
Tuesday - June 28, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 2
Quality of Breakouts - Below Average.
Stocks Screened - 6,500
Bull side - Only two breakouts and they are laggards.
Stock market - Major averages are bearish in all time sectors as the stock market falls sharply.
Comment - End of the quarter selling pressure. Looking to July, the market has tended to rise. - a plus on the outlook for bulls.
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: AEMD.
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 |
TTD's Quality Rating of Stock - CVBF - Below Average |
CVBF. based in Ontario, is a bank holding company for Citizens Business Bank. Annual revenues: $421 million. CVBF's stock moves higher Tuesday and breaks out from its six week, cup-and-handle base.
So far today, CVBF is trading 1.1 million shares, about the same as its average daily volume.
TTD sees chances for a push higher. However, the stock is a very conservative play.
The company raised its quarterly dividend by 5.6% to 19 cents a share.
CVBF will be reporting earnings soon.
CVBF's stock moved higher in the morning to clear its breakpoint line.
The stock reached an intraday high of $25.59 around noon.
It then gave some ground in the afternoon.
In after-hours trading, the stock was down 5 cents a share.
Tape Action
CVBF's tape action shows the recent block trades.
One can see the prices for the blocks rising from $25.17 in the morning to as high as $25.57 by midday.
Near the close a big block of 205,399 shares crossed at $25.29.
That was down from the prior block at $25.36 on 6,300 shares.
Business
CVBF offers personalized service combined and trust services through its banking centers.
It offers bank deposit instruments, including checking, savings, money market and time certificates of deposit for both business and personal accounts.
The bank has 58 banking centers in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California.
Charts
CVBF's 12-month performance chart shows the stock up 20% versus an 10% loss for the stock market.
Insider were recent buyers at $11.03 to $11.82 a share using stock options.
They were sellers at $23.39 to $24.20 a share. .
CVBF's long-term chart shows the stock climbing from $15 back in 2020 to a peak near $25
The stock is near an all-time high. It came public back 1983.
CVBF's daily chart shows the stock climbing from $22.50 in April to a peak near $25 by June.
The stock pulled back and then rallied to form its base.
It now breaks out even though the stock market takes a big dive.
CVBF's CCI momentum indicator is solidly bullish.
Earnings Outlook
This year, analysts expect a 2% decline in net to $1.53 a share from the $1.56 the year before.
Going out to 2023, the Street predicts a 17% rise in net to $1.79 a share from the anticipated $1.53 this year.
Net for the second quarter should be flat at 38 cents a share.
Then in the third quarter profits are projected to climb 11% to 41 cents a share from the 37 cents the year before.
The highest estimate is at 43 cents a share. The company beat the Street estimate the past four quarters by one cent a share, 2 cents, 1 cent and 3 cents.
Strategy Opinion: CVBF is a conservative play. TTD is targeting CVBF for a move to $28.50 within the next few months, or sooner.
A protective stop can be placed near $24.50.
Intermediate-Term Rating: Average.
Suitability: Conservative Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
CVBF scored small gains off recent breakouts. |
Response to Net |
Bearish |
CVBF rose 7 times after 15 earnings reports. |
Seasonal Success |
Bullish |
CVBF avg. gain 0.7% in July, 0.4% in Aug. |
Earnings Beats |
Bullish |
CVBF beat net estimates 14 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 |
7% |
1/3/2022 | 21.34 | 22.80 | 1/14/2022 |
14% |
2/3/2021 | 22 | 25 | 3/12/2021 |
(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's Feature Breakout Stock
Long- Term Chart |
Stock's Price Performance after Reporting Earnings |
12 - month Performance Chart vs. S&P 500 |
Bellus Health Inc. (BLU) - 9.38 Loss Seen This Year and Next |
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 - 8
Stocks Screened - 6,500
Long-Term Environment for Bears: Favorable.
Bear Side - Large list of shorts with some interesting plays for aggressive bears.
TTD's Quality Rating of Stock - PUBM - Below Average |
PUBM, based in Redwood City, Ca., provides a cloud infrastructure platform that enables real-time programmatic advertising transactions. Annual revenues: $227 million.
PUBM's stock falls sharply Tuesday and undercuts key technical support.
So far today, PUBM is trading 1.1 million shares. Its average daily volume is 1.2 million shares.
TTD sees more on the downside.
PUBM's stock fell in the morning and undercut key technical support.
The stock continued lower in the afternoon unable to rally.
PUBM closed near its low for the session.
In after-hours trading, PUBM was up 12 cents a share.
Tape Action
PUBM's tape action shows the recent block trades.
One can see the price for the blocks falling from $18.08 in the morning to as low as $16.69 near the close..
A key bearish trade came in the morning when a block of 5,300 shares crossed the tape at $17.77.
That was down from the prior block at $18.08 on 6,684 shares.
Business
PUBM provides a cloud infrastructure platform that enables real-time programmatic advertising transactions.
The company's technology and infrastructure provide outcomes for both Internet content creators and advertisers. Its cloud infrastructure platform provides monetization for publishers.
It leverages design, machine learning and data processing capabilities. The company's platform is omnichannel, supporting an array of advertising formats and digital device types.
Charts
PUBM's daily chart shows the stock trending lower from $32 in February down to $17.33.
The stock tried to form a bottom. However, it cuts below key support.
The move resumes the down trend
The CCI momentum indicator is very bearish.
Earnings:
PUBM is projected to show a 43% drop in net this year to 66 cents a share from the $1.14 the prior year.
Going out to 2023, analysts predict a 29% rebound in net to 84 cents a share from the anticipated 66 cents this year.
Net for the second quarter should fall 61% to 7 cents a share from the 18 cents the prior year.
Strategy Opinion: TTD is targeting PUBM for a decline to $14 within the next few months or sooner.
A protective stop buy can be placed near $17.50.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
Response to Net |
Neutral |
PUBM rose 2 times after 4 earnings report. |
Seasonal Success |
Bearish |
PUBM avg. loss 24% in July, loss 1.9% in Aug.. |
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
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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.
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(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.)