Daily - Go to TTD's Chart scroller of Breakout Stocks - Wednesday - July 20, 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.
Wedneday - July 20, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 7
Quality of Breakouts - Average.
Stocks Screened - 6,500
Bull side - Small list of breakouts and very selective.
Stock market - Major averages bullish daily. However, weekly and monthly averages remain bearish.
Comment - Stock market in rally phase within a bear market. Aggressive bulls can be venturesome.
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: MMLP, NDAQ, BMI, CVCY and TBK.
Stock Market Momentum
(Daily is based on a moving average)
Market (Daily) |
Market (Weekly) |
Market (Monthly) |
Dow - Bullish |
Dow - Bearish |
Dow - Bearish |
Nasdaq - Bullish |
Nasdaq - Bearish |
Nasdaq - Bearish |
S&P 500 - Bullish |
S&P 500 - Bearish |
S&P 500 - Bearish |
TTD's Quality Rating of Stock - RELL - Above Average |
RELL, based in Lafox, Il., provides engineered solutions, power grid and microwave tubes and related products. Annual revenues: $177 million. RELL's stock pushes higher Wednesday and breaks out from its 5-week, cup-and-handle base.
So far today, RELL is trading a heavy 969,596 shares, six times its average daily volume of 165,000 shares.
TTD sees potential for more on the upside.
RELL's stock moved higher in the morning and cleared its breakpoint line.
The stock reached $17.21 and then trended sideways.
Late in the day RELL fell back, but then quickly rebounded.
In after-hours trading RELL was down 45 cents a share.
Tape Action
RELL's tape action shows the recent block trades.
One can see the prices for the blocks rising from $16.22 in the prior session to as high as $17.20 late in the day.
A key bullish trade came in the morning when a block of 6,558 shares crossed the tape at $16.36.
That was up from the prior block at $16.22 on 12,000 shares in the prior session.
Late in the day a block of 6,500 shares crossed at $17.20.
That came on an up tick in the sequence from a trade at $17.16 on 149 shares.
Business
RELL provides of engineered solutions, power grid and microwave tubes and power conversion and radio frequency and microwave components.
It also makes products such as electron tubes and related components, microwave generators, subsystems used in semiconductor production.
It also provides customized display solutions serving the corporate enterprise, financial, healthcare, industrial and medical original equipment manufacturers markets.
Charts
RELL's 12-month performance chart shows the stock up 110% versus a 9% loss for the stock market.
Insider were recent buyers around $4.26 a share $11.14 using stock options.
They were sellers at $12.53 to $15.08 a share. .
RELL's long-term chart shows the stock climbing from $$5.52 back in 2017 to a peak at $10.40 by 2018.
The stock fell back to $3.10 in early 2020 when the stock market nosedived. However, RELL has since rallied back to $16.90..
RELL's daily chart shows the stock climbing from $11 in March to a peak near $16 by June.
The stock pulled back and based.
Now, RELL breaks out strongly with a widening of the daily spread and expanding volume.
The CCI momentum indicator is strongly bullish.
Earnings Outlook
This fiscal year ending in May, analysts predict a 332% leap in net to $1.08 a share from the 25 cents the year before.
Going out to fiscal 2023, the Street predicts a more modest 5% rise in net to $1.13 a share from the anticipated $1.06 this year.
Net for the fiscal fourth quarter ending in May should jump 157% to 36 cents a share from the 14 cents the year before.
Strategy Opinion: TTD is targeting RELL for a move to $20.50 within the next few months. A protective stop can be placed near $15.
Intermediate-Term Rating: Average.
Suitability: Aggressive Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
RELL scored big gains off recent breakouts. |
Response to Net |
Bullish |
RELL rose 6 times after 7 earnings reports. |
Seasonal Success |
Bullish |
RELL avg. gain 2.2% in July, gain 6.2% in Aug, |
Earnings Beats |
Bullish |
RELL beat net estimates 1 time after 1 report. |
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 |
31% |
5/13/2022 | 12.89 | 16.90 | Still in play |
40% |
9/22/2021 | 9.02 | 12.62 | 11/16/2021 |
39% |
1/7/2021 | 4.98 | 6.92 | 2/9/2021 |
(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 Stock
Lantheus Holdings Inc. (LNTH) - 74.16 Net to Jump 529% This Year |
West Fraser Timber Co. (WFG) - 101.99 Net to Rise 4% This Year |
Orrstown Financial Services Inc. (ORRF) - 26.18 Net to Drop 9% This Year |
TTD's Feature Stock Under Accumulation
TTD's Quality Rating of Stock - ASH - Average |
ASH, based in Wilmington, Del., produces special ingredients uses in construction, personal care and drugs. Annual revenues: $2.1 billion. ASH's stock moves higher Wednesday and is moving closer to a breakout from its three-month, flat base.
So far today, ASH is trading 587,590 shares. Its average daily volume is 475,000 shares.
TTD suggests accumulation in anticipation of a breakout.
ASH's stock fell in the morning, but then rallied to $102 near noon.
The stock trended sideways and then in the late afternoon it drove higher to $103.95.
In after-hours trading, the stock was unchanged.
Tape Action
ASH's tape action shows the recent block trades.
One can see the prices for the blocks rising from $102.20 in the afternoon to as high as $103.51 near the close.
A key bullish trade came late in the day when a block of 3,400 shares crossed the tape at $103.49. That was up from the prior block at $102.50 on 4,300 shares.
Near the close a block of 91,865 shares (duplicated) crossed at $103.48.
That was down from the prior block at $103.49 on 3,400 shares.
Business
ASH provides additives and specialty ingredients to customers in many industries.
They include architectural coatings, construction, energy, food and beverage, nutraceuticals, personal care, and drugs.
The life sciences segment comprises pharmaceuticals, nutrition, nutraceuticals, agricultural chemicals, advanced materials and fine chemicals. The personal care comprises biofunctional, preservatives, skincare, sun care, oral care, hair care and household.
Charts
ASH's 12-month performance chart shows the stock up 20% versus a 9% loss for the stock market.
Insider were recent buyers around $101.27 a share and at $37.37 to $94.43 using stock options.
They were sellers at $105 to $109.50 a share.
ASH's long-term chart shows the stock rising from $54 in 2017 to $86 by early 2018.
ASH fell back to $39 in early 2020. Since then the stock climbed to $110 and is now basing. .
ASH's daily chart shows the stock climbing from $85 in March to a peak at $110 by April.
The stock has since put down a flat base. It is now edging across the base.
The CCI momentum indicator is modestly bullish.
Earnings Outlook
This fiscal year ending in September, analysts predict a 43% leap in net to $5.36 a share from the $3.75 the year before.
Going out to 2023, the Street expects a more modest 7% rise in net to $5.71 a share from the anticipated $5.36 this year..
Net for the fiscal third quarter ended in June should jump 30% to $1.58 a share from the $1.22 the year before.
The company beat the Street estimate the past two quarters by 14 cents a share and one cent..
For the fiscal fourth quarter ending in September, the Street expects an 11% rise in net to $1.35 a share from the $1.22 the year before.
Strategy Opinion: TTD suggests accumulation in ASH in anticipation of a breakout over $110.50.
TTD is targeting ASH for a move to $130 within the next few months after a breakout. A protective stop can be placed near $107 after a breakout.
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
ASH scored modest gains off recent breakouts. |
Response to Net |
Bullish |
ASH rose 8 times after 15 earnings reports. |
Seasonal Success |
Bullish |
ASH avg. gain 2.3% in July, gain 0.2% in Aug, |
Earnings Beats |
Bullish |
ASH beat net estimates 11 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 |
15% |
10/14/2021 | 94.74 | 109.26 | 11/19/2021 |
9% |
1/5/2021 | 80.30 | 87.86 | 1/12/2021 |
13% |
5/156/2018 | 76.06 | 85.88 | 8/8/2018 |
(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.)
Stock's Long-term Chart |
Stock's Price Performance after Reporting Earnings |
Stock Performance Chart with Earnings Markers vs. S&P 500 Insider Buying in Green - Insider Selling in Red |
TTD's Key Stocks Under Accumulation
Consol Energy Inc. (CEIX) - 56.98 Set a Stop Buy at 59.60 to Catch the Breakout Net to Soar 170% This Year |
Cadence Design Systems Inc. (CDNS) - 164.02 Set a Stop Buy at 169.50 to Catch the Breakout Net to Rise 20% This Year |
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: Neutral.
Bear Side - Small list of shorts. Bears be conservative at this time. However, one needs to be alert for any roll over.
TTD's Quality Rating of Stock - TXG - Below Average |
TXG, based in pleasanton, Ca., is a medical firm selling instruments, consumables, and software for analyzing biological systems. Annual revenues: $490 million. TXG's stock falls sharply Wednesday and undercuts key technical support.
So far today, TXG is trading a heavy 3 million shares. Its average daily volume is 1.9 million shares.
TTD sees potential for more on the downside.
TXG's stock moved lower in the morning. It cut below key support around midday.
The stock continued lower. It closed near its low for the session.
That is bearish.
In after-hours trading the stock was up 10 cents a share.
Tape Action
TXG's tape action shows the recent block trades.
One can see the price for the blocks falling from $38.47 in the morning to as low as $34.65 near the close.
A key bearish trade came in the morning when a block of 9,050 shares crossed the tape at $38.12.
That was down from the prior block at $38.47 on 6,107 shares..
Business
TXG's integrated solutions include instruments, consumables, and software for analyzing biological systems.
Its products include Chromium Single Cell Gene Expression, Single Cell Immune Profiling, Single Cell assay for transposase accessible chromatin, Single Cell ATAC and other items.
Its technology Next GEM technology, which include chips and compatible reagents, are offered for single cell product portfolio.
Charts
TXG's daily chart shows the stock declining from $79 in April down to $35 by May..
The stock tried to rally but now breaks to the downside with a pick up in volume.
Earnings will be reported soon.
The CCI momentum indicator is bearish.
Earnings:
This year analysts predict a loss of $1.22 a share compared with a loss of 53 cents the prior year.
For the upcoming second quarter analysts expect a loss of 40 cents a share compared with a loss of 10 cents the prior year.
Then in the third quarter they see a loss of 26 cents a share versus a loss of 15 cents the year before.
For 2023, the Street projects a loss of 56 cents a share.
Strategy Opinion: TTD is targeting TXG for a decline to $28 within the next few months or sooner.
A protective stop buy can be placed near $37.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
Response to Net |
Bullish |
TXG rose 6 times after 9 earnings reports. |
Seasonal Success |
Bearish |
TXG avg. loss 6.6% in July, gain 6.3 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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(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.)