|
|
|
Daily - Go to TTD's Chart scroller of Breakout Stocks - Wednesday - July 6, 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 |
|---|
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.
Wednesday - July 6, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 2
Quality of Breakouts - Average
Stocks Screened - 6,500
Bull side - Just two breakouts stocks Wednesday.
Stock market - Major averages remain bearish in all time frames, except for the daily Nasdaq which has now turned bullish.
Comment - Small list of breakouts. Bulls be patient and conservative until the market makes a significant turn up. Key now will be earnings and forecasts.
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 - Bullish |
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 - HRMY - Below Average |
HRMY, based in Plymouth Meeting, Pa., produces therapies for patients with neurological disorders. Annual revenues: $305 million. HRMY's stock rises sharply Wednesday and breaks out from its three-month, cup-and-handle base. 
So far today, HRMY is trading a heavy 1.1 million shares, more than double its average daily volume of 477,000 shares.
TTD sees potential for more on the upside as earnings improve later this year. 
HRMY's stock moved higher in the morning and cleared its breakpoint line.
The stock then trended mostly sideways through the day.
Then late in the session pushed a bit higher.
In after-hours trading, the stock was up 10 cents a share.
Tape Action
HRMY's tape action shows the recent block trades.
One can see the prices for the blocks rising from $52.65 in the morning to as high as $55.49 in the afternoon.
A key bullish trade came in the morning when a block of 3,918 shares crossed the tape at $52.77..
That was up from the prior block at $52.65 on 3,400 shares.
Near the close a block of 26,870 shares crossed at $54.92.
That came on an up tick from the prior trade at $54.89 on 100 shares.
Business
HRMY is a drug firm developing therapies for patients with neurological disorders.
The company's product WAKIX (pitolisant), is a molecule with a novel mechanism of action specifically designed to increase histamine signaling in the brain by binding to H3 receptors.
It is used to treat excessive daytime sleepiness or cataplexy in adult patients with narcolepsy.
The company also provides HBS-102, an investigational compound, is a melanin-concentrating hormone receptor that targets MCH neurons in the brain.
Charts
HRMY's 12-month performance chart shows the stock up 90% versus an 11% loss for the stock market.
Insider were recent buyers at $8.22 to $24 using stock options.
They were sellers at $43 to $52 a share. .
HRMY's long-term chart shows the stock climbing from $29 back in 2020 to a peak at $52 later that year.
The stock then fell back to $25 in 2021.
However, HRMY has since climbed to $54.92. 
HRMY's daily chart shows the stock peaking at $53.48 in April.
It pulled back and then rallied sharply the past several weeks to form a cup-and-handle base.
The stock now breaks out with a good expansion in volume.
The CCI momentum indicator is bullish.
Earnings Outlook
This year, analysts project HRMY will post a 191% spurt in earnings to $1.69 a share from the 58 cents the prior year.
Going out to 2023, the Street predicts an 61% rise in net to $2.72 a share from the anticipated $1.69 this year.
Quarterly earnings will be weak, though.
Net for the second quarter should decline 26%% to 40 cents a share from the 54 cents the year before.
The company beat the Street estimate in the past four quarters by 26 cents a share, 31 cents, 24 cents and 35 cents.
For the third quarter this year, the Street predicts a 16% drop in net to 43 cents a share from the 51 cents the year before.
Strategy Opinion: TTD is targeting HRMY for a move to $65.
A protective stop can be placed near $52.
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
HRMY scored modest gains off recent breakouts. |
Response to Net |
Neutral |
HRMY rose 2 times after 4 earnings reports. |
Seasonal Success |
Bullish |
HRMY avg. gain 2.6% in July, gain 38.6% in August.. |
Earnings Beats |
Bullish |
HRMY beat net estimates 6 times after 6 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% |
3/16/2022 | 45.90 | 52.15 | 4/19/2022 |
12% |
9/2/2021 | 35 | 39.31 | 10/6/2021 |
(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
|
TTD's Breakout Stocks
|
TTD Breakout Stock Corcept Therapeutics Inc. (CORT) - 26.21 Net to drop 2% this year, Rise 14% in 2023
|
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 good plays for aggressive bears.
|
TTD's Quality Rating of Stock - KRNT - Below Average |
KRNT, based in Israel, makes industrial digital printing products for the apparel industry. Annual revenues: $322 million. KRNT's stock falls sharply Wednesday and undercuts key technical support. 
The drop was triggered when the company cut its revenue outlook.
The stock is extended to the downside. However, TTD sees potential for a further move lower.
So far today, KRNT is trading a heavy 11.8 million shares, 16 times its average daily volume of 684,000 shares. 
KRNT's stock fell in the morning undercutting key technical support.
The stock touched an intraday low of $20.40 in the morning.
It rebounded in the morning to around $24 and then trended sideways in the afternoon.
In after-hours trading, the stock was up 45 cents a share.
Tape Action
KRNT's tape action shows the recent block trades.
One can see the price for the blocks falling from $31.56 in the prior session to as low as $21 in the morning.
A key bearish trade came in the morning when a block of 70,084 shares crossed the tape at $23.27.
That was down from the prior block at $31.56 on 41,055 shares in the prior session. .
Near the close a big block of 50,161 shares crossed at $23.46 a share.
That was down from the prior block at $23.60 on 21,400 shares.
Business
KRNT makes industrial digital printing technologies for the garment industries.
The Company focuses on enabling the mass customization of printed textile products.
It provides high-speed digital printing solutions which include printing systems, inks and consumables, software, pallets and technical support.
The company acquired Custom Gateway, an innovative technology provider of cloud-based software workflow solutions for on-demand production business models.
Charts
KRNT's daily chart shows the stock trending lower from $110 in February down to $29.59 by May.
The stock tried to rally, but fell back.
Now, KRNT drops below key support with big volume.
The CCI momentum indicator is very bearish.
Earnings:
This year analysts predict a 58% drop in net to 31 cents a share from the 74 cents the year before.
Going out to 2023, analysts predict a 355% rebound in net to $1.41 a share from the anticipated 31 cents this year.
Strategy Opinion: TTD is targeting KRNT for a decline to $18.80 within the next few months or sooner.
A protective stop buy can be placed near $25.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
|
Response to Net |
Bullish |
KRNT rose 11 times after 15 earnings reports. |
|
Seasonal Success |
Bullish |
KRNT avg. loss 3.7% in July, gain 4.9% 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
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.)
