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Daily - Go to TTD's Chart scroller of Breakout Stocks - Friday - July 8, 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 - July 8, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 1
Quality of Breakouts - Below Average
Stocks Screened - 6,500
Bull side - Only one breakout stock. Bulls be conservative.
Stock market - Major averages remain bullish daily. However, they are bearish weekly and monthly.
Comment - Stock market rallying within a bear market. Bulls be conservative. Key now will be the flow of earnings for the latest quarter.
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 - Bullish |
Dow - Bearish |
Dow - Bearish |
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Nasdaq - Bullish |
Nasdaq - Bearish |
Nasdaq - Bearish |
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S&P 500 - Bullish |
S&P 500 - Bearish |
S&P 500 - Bearish |
Ticker Tape Digest's 
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TTD's Quality Rating of Stock - HRB - Below Average |
HRB, based in Kansas City, Mo., provides tax preparation services. Annual Revenues: $466 million. HRB's stock moves higher Friday and breaks out from its 6-week, cup-and-handle base. 
So far today, HRB is trading 1.9 million shares. Its average daily volume is 2 million shares.
The stock is now at an all-time high. It came public back in 1970.
TTD sees potential for more on the upside.
HRB's stock shot higher in the morning and cleared its breakpoint line. It touched a high of $37.65. 
The stock then pulled back slightly and trended mostly sideways the rest of the day.
HRB was unchanged in after-hours trading.
Tape Action
HRB's tape action shows the recent block trades.
One can see the prices for the blocks rising from $36.45 in the prior session to as high as $37.41 in the morning.
A key bullish trade came in the morning when a block of 15,000 shares crossed the tape at $37.25.
That was up from the prior block at $36.45 on 282,103 shares in the prior session..
Near the close a big block of 229,656 shares crossed at $37.27.
Business
HRB provides tax preparation services.
The company provide assisted and do-it-yourself tax return preparation solutions through multiple channels.
HRB also offers small business financial solutions.
It also offers U.S. clients a range of additional services, including RTs, Peace of Mind Extended Service Plan, H&R Block Emerald Prepaid Mastercard, EAs, Tax Identity Shield and small business financial services.
Charts
HRB's 12-month performance chart shows the stock up 58% versus an 11% loss for the stock market.
Insider were recent buyers at $17 to $25 a share.
They were sellers at $25 a share. .
HRB's long-term chart shows the stock falling from $31 back in 2017 down to $11.29 by 2020.
The stock then rallied back to $37 this year. It is in a strong up trend.
HRB's daily chart shows the stock running up from $25 in May to a peak at $36.95 in June.
The stock pulled back and formed a solid cup-and-shoulder base.
It now breaks out.
The CCI momentum indicator is bullish.
Earnings Outlook
This fiscal year ended in June, analysts predict HRB will report a 13% decline in net to $3.44 a share from the $3.94 the prior year.
Net for the fiscal fourth quarter should be down 9% to $1.26 a share from the $1.39 the prior year.
Going out to fiscal 2023 ending in June, the Street predicts an 6% rise in net to $3.65 a share from the anticipated $3.44 for fiscal 2022.
Net for the fiscal fourth quarter ended in June should be down 9% to $1.26 a share from the $1.39 the year before.
The company beat the Street estimate in the past three quarters by 60 cents a share, 26 cents and 27 cents.
For the fiscal first quarter ending in September, the Street predicts a loss of 72 cents a share compared with a loss of 78 cents the year before. That is a seasonally weak quarter.
Strategy Opinion: TTD is targeting HRB for a move to $44 within the next few months, or sooner.
A protective stop can be placed near $34.
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
HRB scored some good gains off recent breakouts. |
Response to Net |
Bearish |
HRB rose 7 times after 15 earnings reports. |
Seasonal Success |
Bullish |
HRB avg. gain 3.3% in July, loss 0.1% in August.. |
Earnings Beats |
Bullish |
HRB beat net estimates 15 times after 19 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 |
6% |
4/12/2022 | 26.86 | 28.39 | 4/25/2022 |
14% |
5/6/2021 | 22.93 | 26.19 | 6/11/2021 |
36% |
3/5/2021 | 19.26 | 26.19 | 6/11/2021 |
(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
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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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Feature Stock Under Accumulation
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TTD's Quality Rating of Stock - CEIX - Average |
CEIX, based in Canonsburg, Pa.,produces coal. Annual revenues: $1.3 billion. CEIX's stock moves higher Friday and is now closer to breaking out from its 10-week flat base.
So far today, CEIX is trading 739,371 shares. Its average daily volume is 964,0000 shares.
CEIX is poised to show strong earnings. TTD suggests accumulation in anticipation of a breakout from its base.
CEIX's stock fell in the morning to an intraday low of $47.14.
However, the stock turned and rallied in the morning to erase the loss..
The stock trended mostly sideways afterwards.
Then in the afternoon, CEIX drove sharply higher reaching an intraday high of $51,14..
In after-hours trading, CEIX was up 67 cents a share.
Tape Action
CEIX's tape action shows the recent block trades.
One can see the price for the blocks rising from $47.16 in the morning to as high as $51.13 in the afternoon.
A key bullish trade came in the morning when a block of 6,280 shares crossed the tape at $48.79.
That was up from the prior block at $48.56 on 44,805 shares.
Near the close a big block of 39,906 shares crossed at $50.08.
That was down from the prior block at $50.99 on 9,342 shares.
Business
CEIX produces high-Btu bituminous thermal and crossover metallurgical coal.
The company operates longwall mining operations in the Northern Appalachian Basin
CEIX has two segments: the PAMC and the CONSOL Marine Terminal.
PAMC sells bituminous coal to industrial end-users, power generators and metallurgical end-users.
The company's subsidiary, CONSOL Marine Terminals LLC provides coal export terminal services through the Port of Baltimore.
CEIX's flagship operation is the Pennsylvania Mining Complex, located in Greene and Washington counties. The Pennsylvania Mining Complex consists of Bailey Mine, Enlow Fork Mine, Harvey Mine, Centralized Coal Processing facility and Train Loadout facility.
Charts
CEIX's 12-month performance chart shows the stock up 170% versus a loss of 10% for the stock market.
Insiders were recent buyers using stock options. The price was not disclosed.
They were sellers at $42 to $51 a share.
CEIX's long-term chart shows the stock coming public at $22.50 in 2017. The stock rose to $48.12. by 2018.
However, it then fell back to $3.61 in 2020 when the stock market fell.
CEIX then bottomed and then rallied strongly the past several months to $59..
CEIX's daily chart shows the stock in a nice up trend above its 50-day weighted moving average line the past several months.
The stock peaked near $55 in June.
It broke out, but then fell back.
CEIX is now on the move higher toward its breakpoint.
The stock's CCI momentum indicator is solidly bullish..
Earnings Outlook
This year, the Street predicts a 360% jump in net to $9.48 a share from the $2.06 the year before.
For 2023, analysts project a 137% leap in net to $22.46 a share from the anticipated $9.48 this year.
For the second quarter, analysts expect a 243% jump in net to $1.99 a share from the 58 cents the year before.
Then in the third quarter net should skyrocket 3,057% to $2.21 a share from the 7 cents the year before.
Strategy Opinion: TTD suggests accumulation in CEIX. TTD is targeting CEIX for a move to $72 within the next few months after a breakout.
A protective stop can be placed near $47.
Intermediate-Term Rating: Above Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
CEIX scored big gains off recent breakouts. |
Response to Net |
Bearish |
CEIX rose 6 times after 15 earnings reports. |
Seasonal Success |
Bearish |
CEIX avg gain 4.1% in July, loss 5.6% in Aug.. |
Earnings Beats |
Bullish |
CEIX beat net estimates 9 times after 17 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 |
57% |
4/6/2022 | 36.65 | 57.65 | 6/7/2022 |
51% |
5/17/2021 | 12.78 | 19.28 | 7/14/2021 |
(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.)
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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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Amalgamated Financial Corp. (AMAL) - 20.60 Set a Stop Buy at 22.20 to Catch the Breakout Net to Jump 38% for This Year
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AutoZone Inc. (AZO) - 2182.37 Set a Stop Buy at 2266 to Catch the Breakout Net to Rise 21% For Fiscal 2022 (Aug.)
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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: Bearish
Bear Side - Small list of shorts. Bears be conservative as the market is in a near-term rally phase.
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TTD's Quality Rating of Stock - BJRI - Below Average |
BJRI, based in Huntington Beach, Ca., operates 211 restaurants in the USA. Annual revenues: $1.1 billion. BJRI's stock falls sharply Friday and undercuts key technical support. 
So far today, BJRI is trading 578,554 shares. Its average daily volume is 344,000 shares.
TTD sees potential for more on the downside.
BJRI's stock has been in a down trend since topping out at $63 last year.
Friday, BJRI's stock fell sharply in the morning and undercut key technical support.
It fell to $20.81. However, BJRI rallied back to $21.77. 
The stock then trended mostly lower the rest of the day.
Tape Action
BJRI's tape action shows the recent block trades.
One can see the price for the blocks falling from $22 in the prior session to as low as $20.63 in the afternoon.
A key bearish trade came in the morning when a block of 5,856 shares crossed the tape at $21.60.
That was down from the prior block at $22 on 1,748 shares in the prior session.
Near the close a block of 66,359 shares crossed at $20.88 a share.
That was down from the prior block at $20.95 on 1,152 shares.
Business
BJRI operates casual dining restaurant business. The Company’s offers craft beer, which is produced at several of its restaurants, its Temple, Texas brewpub locations and by independent third-party brewers using its own recipes.
It also produces non-alcoholic craft sodas that are sold in its restaurants. The company operates 211 restaurants in the 29 states such as Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Virginia and Washington.
Charts
BJRI's daily chart shows the stock trending lower from $35 in February down to $23.46 by May.
The stock tried to rally, but then rolled over and moved lower.
Now, BJRI cuts below key support with expanding volume.
The CCI momentum indicator is bearish.
Earnings:
This year analysts predict a rebound in earnings to 54 cents a share from a loss of 24 cents the year before.
Net for the second quarter should be down 4% to 25 cents a share from the 26 cents the year before.
Going out to 2023, analysts predict a 166% rebound in net to $1.43 a share from the anticipated 54 cents this year.
Strategy Opinion: TTD is targeting BJRI for a decline to $17.50 within the next few months or sooner.
A protective stop buy can be placed near $23.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
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Response to Net |
Bearish |
BJRI rose 5 times after 15 earnings reports. |
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Seasonal Success |
Bullish |
BJRI avg. loss 5.9% in July, rose 18.6% 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.)
