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Daily - Go to TTD's Chart scroller of Breakout Stocks - Wednesday - June 29, 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.
Tuesday - June 28, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 2
Quality of Breakouts - Average.
Stocks Screened - 6,500
Bull side - Small list of breakouts and very selective.
Stock market - Major averages remain bearish in all time sectors.
Comment - Bulls be conservative looking for a turn up in the market. The market trend remains bearish.
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: PDCO, GIS, MSM, SCHN and POWW.
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 - 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 
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TTD's Quality Rating of Stock - LRN - Below Average |
LRN, based in Reston, Va., provides virtual education services. Annual revenues: $1.5 billion. LRN's stock gaps higher Wednesday and breaks out from its 11-week, flat base. 
The stock is being added to the S&P 600 index. That often brings in institutional buying.
TTD sees chances for more on the upside due to improving earnings. 
So far today, LRN is trading a heavy 4.1 million shares, five times its average daily volume of 671,000 shares.
LRN's stock moved higher in the morning and cleared its breakpoint line.
the stock worked to an intraday peak at $42.52 by noon.
The stock then drifted back a bit later in the day.
In after-hours trading, LRN was down 10 cents a share.
Tape Action
LRN's tape action shows the recent block trades.
One can see the prices for the blocks rising from $37.77 in the prior session to as high as $42.10 later in the morning.
A key bullish trade came in the morning when a block of 34,952 shares (duplicated) crossed the tape at $41.22. 
That was up from the prior block at $37.77 on 31,468 shares.
Near the close a big block of 121,581 shares crossed at $41.31.
That came on up tick from the prior trade at $41.26 on 2,144 shares.
Business
LRN is an education services company providing virtual and blended learning.
The company offers services primarily to two lines of business, which include general education and career learning.
Its general education, which consist of school-as-a-service, stride private schools and learning solutions software, and services sales.
Its career learning consists of stride career prep school-as-a-service, learning solutions career learning software and services.
Charts
LRN's 12-month performance chart shows the stock up 28% versus an 11% loss for the stock market.
Insider were recent buyers using stock options. The price was not disclosed
They were sellers at $36.78 to $39 a share..
LRN's long-term chart shows the stock climbing from $9.16 back in 2016 to a peak near $52 by 2020
However, the stock fell back to $20 later in 2020. It has since made a come back. .
LRN's daily chart shows the stock climbing from $32 in March to a peak near $41 by May.
The stock pulled back and formed a flat base with two shakeouts to the downside.
Wednesday, LRN gaps higher on big volume and breaks out.
Its CCI momentum indicator is solidly bullish.
Earnings Outlook
This fiscal year ending in June analysts expect a 48% jump in net to $2.53 a share from the $1.71 the year before.
Going out to 2023, the Street predicts a more modest 7% rise in net to $2.70 a share from the anticipated $2.63 this fiscal year.
Net for the fiscal fourth quarter should surge 152% to 63 cents a share from the 25 cents the year before.
The highest estimate is at 67 cents a share.
Then in the fiscal first quarter ending in September, the Street sees a loss of 12 cents a share compared with a loss of 15 cents the year before. It is a seasonally slow quarter.
Strategy Opinion: TTD is targeting LRN for a move to $48 within the next few months, or sooner.
A protective stop can be placed near $38
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
LRN scored some big gains off recent breakouts. |
Response to Net |
Bullish |
LRN rose 10 times after 15 earnings reports. |
Seasonal Success |
Bullish |
LRN avg. gain 15.4% in July, loss 4.4% in Aug. |
Earnings Beats |
Bullish |
LRN 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 |
18% |
3/25/2021 | 29.09 | 34.44 | 4/8/2021 |
85% |
6/30/2020 | 26.64 | 49.36 | 8/6/2020 |
32% |
19/24/2018 | 18.86 | 24.94 | 1/10/2019 |
(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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General Mills Inc. (GIS) - 74.72 Net to Rise 1% This Year
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TTD’s Feature Stock Under Accumulation
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TTD's Quality Rating of Stock - MYE - Average |
MYE, based in Akron, Ohio, makes small parts bins, bulk shipping containers, storage products. Annual revenues: $761 million. MYE's stock moves higher. It is in position to breakout from its 8-week flat base. 
So far today, MYE is trading 85,688 shares. Its average daily volume is 176,000 shares.
TTD suggests accumulation in anticipation of a breakout. 
MYE's stock moved higher in the morning.
It reached an intraday peak at $22.80 in the afternoon.
The stock then trended sideways into the close.
In after-hours trading, MYE was up 22 cents a share.
Tape Action
MYE's tape action shows the recent block trades.
One can see the price for the blocks rising from $35.10 in the morning to as high as $35.39 near the close.
A key bullish trade came in the morning when a block of 8,800 shares crossed the tape at $35,23.
That was up from the prior block at $35.18 on 5,128 shares.
Near the close a big block of 53,999 shares crossed at $35.38.
That came on an up tick from the prior trade at $35.37 on 100 shares.
Near the close a block of 19,717 shares (duplicated) crossed the tape at $22.73.
That was up from the prior block at $22.70 on 300 shares.
Business
MYE provides material handling and distribution.
The Material Handling unit makes plastic reusable containers. Its other products include pallets, small parts bins, bulk shipping containers, storage products, fuel containers and tanks for water, fuel and waste handling.
It serves retail and truck tire dealers, commercial auto and truck fleets, truck stop operations, auto dealers, general service and repair centers and government agencies.
Charts
MYE's 12-month performance chart shows the stock up 8% versus a loss of 11% for the stock market.
Insider activity were recent buyers at $18.37 a share to $20.79.
They have not done any recent selling.
MYE's long-term chart shows the stock rising from $10.12 back in 2016 to a peak at $25.70 by 2018.
However, the stock fell back to $6.91 in early 2020 when the stock market fell.
MYE has since rallied to $25.37. 
MYE's daily chart shows the stock rising from $16 in March to a peak near $24 by May.
The stock has since formed a flat base.
It is now rallying across the base.
The stock's CCI momentum indicator is now climbing.
Earnings Outlook
This year, the Street projects a 67% jump in net to $1.62 a share from the 97 cents the year before.
For 2023, analysts project a 17% increase in net to $1.90 a share from the anticipated $1.62 this year.
For the second quarter, analysts predict a 38% jump in net to 40 cents a share from the 29 cents the year before.
Then in the third quarter net should leap 57% to 36 cents a share from the 23 cents the year before.
Strategy Opinion: TTD suggests accumulation in MYE with further buying to be done on a breakout over $25.50
TTD is targeting MYE for a move to $31 after a breakout.
A protective stop can be placed near $22 after a breakout.
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
MYE scored big gains off recent breakouts. |
Response to Net |
Bearish |
MYE rose 6 times after 15 earnings reports. |
Seasonal Success |
Bullish |
MYE avg gain 0.1% in July, gain 4.4% in Aug. |
Earnings Beats |
Bullish |
MYE beat net estimates 12 times 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 |
30% |
11/16/2020 | 17.04 | 22.22 | 3/1/2021 |
36% |
7/15/2013 | 17.85 | 24.32 | 4/14/2014 |
(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.)
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Stock's Long-term Chart
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Stock's Price Performance after Reporting Earnings
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Stock Performance Chart with Earnings Markers vs. S&P 500 Insider Buying in Green - Insider Selling in Red
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TTD's Key Stocks Under Accumulation
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Option Care Health Inc. (OPCH) - 29.28 Set a Stop Buy at 31.20 to Catch the Breakout Net to Surge 48% This Year
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AutoNation Inc. (AN) - 116.58 Set a Stop Buy at 127 to Catch the Breakout Net to Jump 28% 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 - 14
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 - LASR - Below Average |
LASR, based in Camas, Wa., makes high-power semiconductors and fiber lasers. Annual revenues: $270 million. LASR's stock declines sharply Wednesday and undercuts key technical support.
So far today, LASR is trading 374,080 shares. Its average daily volume is 370,000 shares.
TTD sees more on the downside.
LASR's stock fell in the morning undercutting key technical support.
The stock touched an intraday low around noon.
LASR then trended sideways the rest of the day. 
The stock was unchanged in after-hours trading.
Tape Action
LASR's tape action shows the recent block trades.
One can see the price for the blocks falling from $10.81 in the prior session to as low as $10.16 in the morning.
The price of the blocks lifted later in the day.
A key bearish trade came in the morning when a block of 2,739 shares crossed the tape at $10.73.
That was down from the prior block at $10.81 on 1,318 shares the day before.
Business
LASR sells high-power semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications.
It makes high-power semiconductor lasers and fiber lasers that are integrated into laser systems or manufacturing tools built by its customers.
Its products include semiconductor lasers, fiber lasers and directed energy products. Its semiconductor Lasers are high-power semiconductor lasers with a range of power levels, wavelengths, and output fiber sizes. The products are sold in the U.S., China, South Korea and European countries.
Charts
LASR's daily chart shows the stock trending lower from $18 in March down to $10.42 by May..
The stock tried to rally, but fell back.
Now, LASR cuts below key technical support.
The CCI momentum indicator is bearish.
Earnings:
This year, analysts project a loss of 2 cents a share compared with a profit of 25 cents a share the year before.
Going out to 2023, analysts predict a rebound with net of 56 cents a share versus the anticipated loss of 2 cents this year.
For the second quarter the Street expects a loss of 7 cents a share compared with a profit of 9 cents the prior year.
Strategy Opinion: TTD is targeting LASR for a decline to $7.50 within the next few months or sooner.
A protective stop buy can be placed near $11.10.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
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Response to Net |
Bearish |
LASR rose 7 times after 15 earnings report. |
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Seasonal Success |
Bearish |
LASR avg. loss 5.6% in July, loss 10% 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
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.)
