Ticker Tape Digest

Friday - July 15, 2022  

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.

   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.

TTD's Breakout Stocks at Midday - Friday

Friday - July 15, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakout Stocks - 6

Quality of Breakouts - Below Average.

Stocks Screened -  6,500

Bull side - Diversified list of breakouts and very selective.

Stock market - Major averages turn bullish daily, but bear market remains. It will be important to see how the rally unfolds.

Comment - Bulls still need to be cautious. Earnings will have a big impact on the market. However, it is still vulnerable to the downside.

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: C, STT, PNC, UNH and BK.

Stock Market Momentum

(Daily is based on a moving average)

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action

(The “breakout List” gives all stocks breaking out of a base of five weeks or more. These stocks have a good chance to trend higher. However, a stop should be used to avoid those that do not work.

They are ranked according to percentage change and classified as leaders or other.

(Trading strategy: One should buy breakout stocks near breakpoint by using market order or stop buy.  They can also be bought soon after a follow through move, sometimes on an intraday pullback.

Friday Breakouts

TTD's Features Breakout Stock

Option Care Health Inc. (OPCH) - 31.58, up 2.25, Breakpoint 31.20

Net to Jump 48%This Year, TTD Targets 39

   OPCH, based in Bannockburn, Il.,  is an independent provider of home and alternate site infusion services. Annual revenues: $3.4 billion. OPCH's stock drives shaply higher Friday and breaks out from its 8-week, cup-and-handle base.

  OPCH is trading 2.1 million shares. Its average daily volume of 1.2 million shares.

  TTD sees potential for more on the upside.

OPCH's stock worked higher in the morning.

It cleared its breakpoint around midday.

The stock then continued to work higher in the afternoon.

It closed near its high for the day. In after-hours trading the stock was up 25 cents a share.

  Tape Action

 OPCH's tape action shows the recent block trades.

 One can see the price for the blocks rising from $29.33 in the prior session to as high as $31.58 by the close.

 A key bullish trade came in the morning when a block of 47,419 shares crossed the tape at $30.07..

 That was up from the prior block at $29.33 on 34,607 shares.

 Near the close a big block of 162,300 shares crossed at $31.58.

That was up from the prior block at $31.15 on 25,000 shares.  

  Business 

  OPCH provides home and alternate site infusion services.

  The Company provides a therapy portfolio through its network of 97 full-service pharmacies and 57 stand-alone ambulatory infusion suites.

  Its infusion services include the clinical management of infusion therapy, nursing support and care coordination.

  It contracts with managed care organizations, third-party payers, hospitals, physicians and other referral sources.

Charts

 OPCH's 12-month performance chart shows the stock up 58% versus a loss of 11% for the stock market.

 Insider were buyers at $10 a share using stock options.

 They were sellers at $23 to $30 a share.

 OPCH's long-term chart shows the stock climbing from $6.24 back in 2019 to a peak at $30.70 by  April of this year.

 The stock then set up a base and now moves higher.

 OPCH's daily chart shows the stock rising from $24 in February to $31 by late May.

  The stock pulled back and formed a cup-and-handle base.

 it now breaks out with a widening of the daily spread and expanding volume.

 That is bullish

  OPCH's CCI momentum indicator is very bullish.

  Earnings Outlook

 The company will be reporting second quarter net soon.

The Street predicts a 22% increase to 22 cents a share from 18 cents the year before.

The highest estimate is at 26 cents a share. The company beat the Street estimate three out of the past four quarters and matched it once.

 Then in the third quarter net is expected to rise 15% to 23 cents a share from 20 cents the year before.

This year, the Street expects a 48% surge in net to 89 cents a share from the 60 cents the prior year.

 For 2023, analysts project a 20% increase in net to $1.06 a share from the anticipated 89 cents this year.

Strategy Opinion: TTD is targeting OPCH for a move to $39 within the next few months or sooner.

 A protective stop can be placed near $29.

Intermediate-Term Rating: Average.

Suitability:   Aggressive Bulls.

TTD's special research of Stocks Prior Performance: