Daily - Go to TTD's Chart scroller of Breakout Stocks - Monday - July 25, 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.
Monday - July 25, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 4
Quality of Breakouts - Average.
Stocks Screened - 6,500
Bull side - Small list of breakouts and selective.
Stock market - Major averages bullish daily, but bearish weekly and monthly.
Comment - Small list of breakouts Monday and very selective. Bulls be conservative as earnings will now be pouring in. Bulls be alert for significant earnings beats now.
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 - 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 - CEIX - Average |
CEIX, based in Canonsburg, Pa.,produces coal. Annual revenues: $1.3 billion. CEIX's stock moves higher Monday and breaks out from its 9-week, double-bottom base. .
The move carries the stock to an all-time high. CEIX came public in late 2017.
So far today, CEIX is trading 530,712 shares. Its average daily volume is 832,000 shares.
TTD sees potential for more on the upside..
CEIX's stock moved higher in the morning and cleared its base.
The stock then trended sideways along its breakpoint line.
Then late in the day it pushed higher to finish above its breakpoint.
In after-hours trading, CEIX was up $1.20 a share.
That is very bullish.
Tape Action
CEIX's tape action shows the recent block trades.
One can see the price for the blocks rising from $56.19 in the prior session to as high as $60.69 by the close.
A key bullish trade came in the morning when a block of 2,603 shares crossed the tape at $57.35.
That was up from the prior block at $56.19 on a big 41,795 shares in the prior session.
Near the close a big block of 48,287 shares crossed at $60.69.
That was up from the prior block at $60.50 on 9,994 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 190% versus a loss of 9% 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 bottomed and then rallied strongly the past several months to its new high at $60.76..
CEIX's daily chart shows the stock in a nice up trend above its 50-day weighted moving average line until it peaked at $59.44 in June.
The stock then pulled back and formed a classic double-bottom base.
The breakout comes with a good widening of the daily spread.
The stock's CCI momentum indicator is bullish..
Earnings Outlook
This year, the Street predicts a 170% jump in net to $5.56 a share from the $2.06 the year before.
There is only one analysts following the stock.
For 2023, the analyst project a 394% leap in net to $27.44 a share from the anticipated $5.56 this year.
For the second quarter, the analyst expects a 216% jump in net to $1.83 a share from the 58 cents the year before.
Then in the third quarter net should skyrocket 2,386% to $1.74 a share from the 7 cents the year before.
Strategy Opinion: TTD is targeting CEIX for a move to $70 within the next few months, or sooner.
A protective stop can be placed near $56
Intermediate-Term Rating: Above Average.
Suitability: Aggressive 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 loss 5.6% in Aug, loss 3% in Sept. |
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 | 5/7/2022 |
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.)
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
World Wrestling Entertainment Inc. (WWE) - 71.81 Net to Rise 13% This Year |
BancFirst Corp. (BANF) - 102.32 Net to drop 3% this Year, rise 9% in 2023 |
Change Healthcare Inc. (CHNG) - 24.30 Net to Rise 3% for Fiscal 2023 (March) |
TTD's Feature Stock Under Accumulation
TTD's Quality Rating of Stock - AMAL - Average |
AMAL, based in New York, is a commercial bank and a chartered trust company that provides banking services. Annual revenues: $181 million. AMAL's stock moves higher Monday and now is close to a breakout from its 9-week, cup-and-handle base.
So far today, AMAL is trading 38,587 shares. Its average daily volume is 43,000 shares.
AMAL is a conservative play, but it has been acting well.
AMAL's stock moved higher in the morning
It worked steadily higher reaching an intraday high of $21.50 late in the day.
It then backed off slightly near the close.
The stock was unchanged in after-hours trading.
Tape Action
AMAL's tape action shows the recent block trades.
One can see the prices for AMALs blocks rising from $20.87 in the prior session to as high as $21.49 late in the day.
A key bullish trade came in the morning when a block of 341 shares crossed the tape at $21.03. That was up from the prior block at $20.87 on 557 shares in the prior session.
Near the close a block of 2,607 shares crossed at $21.39.
That was down from the prior block at $21.48 on 300 shares.
Business
AMAL provides personal banking, small business services, commercial banking and institutional investing.
It handles residential mortgage loans, commercial and industrial loans, commercial real estate loans, multifamily mortgages and consumer deposit products.
It also offers online banking and bill payment services, online cash management, safe deposit box rentals, debit card and automated teller machine card services.
Charts
AMAL's 12-month performance chart shows the stock up 36% versus a 10% loss for the stock market.
Insider were recent buyers at $53.50 to $84.67 a share using stock options.
They were sellers at $220 to $247 a share.
AMAL's long-term chart shows the stock falling from $22.97 in 2018 to $7.90 by 2020 due in part to the stock market's decline.
AMAL then rallied steadily to a peak at $21.98 and now is basing.
AMAL's daily chart shows the stock climbing from $16 in February to a peak near $22 by June..
The stock pulled back and then rallied to form a cup-and-handle base.
It is now pushing higher and is in range for a breakout.
The CCI momentum indicator is bullish..
Earnings Outlook
This year analysts project a 38% jump in net to $2.37 a share from the $1.72 the year before.
Going out to 2023, the Street sees a 15% rise in net to $2.73 a share from the anticipated $2.37 this year..
Net for the second quarter should surge 72% to 55 cents a share from the 32 cents the year before.
The company beat the Street estimate the past three quarters by 6 cents a share, 13 cents and 9 cents.
For the third quarter ending, the Street expects a 46 spurt in net to 67 cents a share from the 46 cents the year before.
Strategy Opinion: TTD suggests accumulation in AMAT in anticipation of a breakout over $22.20.
TTD is targeting DG for a move to $27 within the next few months after a breakout. A protective stop can be placed near $20.50 after a breakout.
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
AMAL scored small gains off recent breakouts. |
Response to Net |
Bearish |
AMAL rose 7 times after 15 earnings reports. |
Earnings Beats |
Bullish |
AMAL beat net estimates 9 times after 15 reports. |
Seasonal Success |
Bullish |
AMAL avg. gain 7.5% in Aug. avg gain 0.5% in Sept. |
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 |
17% |
5/3/2022 | 18.56 | 21.73 | 5/31/2022 |
19% |
10/8/2021 | 16.66 | 19.86 | 11/8/2021 |
12% |
11/24/2020 | 12.96 | 14.51 | 12/17/2020 |
(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
Cal Maine Foods Inc. (CALM) - 56.85 Set a Stop Buy at 60.40 to Catch the Breakout Net to Soar 63% for Fiscal 2023 (May) |
Chefs Warehouse Inc. (CHEF) - 37.75 Set a Stop Buy at 42.40 to Catch the Breakout Profit Seen This Year, Net to Jump 21% 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 - 4
Stocks Screened - 6,500
Long-Term Environment for Bears: Favorable.
Bear Side - Small list of shorts, but some interesting plays for aggressive bears.
TTD's Quality Rating of Stock - ENVB) - Below Average |
ENVB, based in Naples, Fla., is a biotech firm developing products for mental health and cancer. ENVB's stock moved lower in the morning and undercut key technical support.
So far today, ENVB is trading 409,272 shares. Its average daily volume is 4.7 million shares.
TTD sees potential for more on the downside.
ENVB's stock spiked lower in the morning and undercut key technical support.
The stock touched an intraday low of $6.55 in the morning.
The stock then trended sideways the rest of the day.
Tape Action
TTDS's tape action shows the recent block trades.
One can see the price for the blocks falling from $9.13 in the morning to as low as $6.75 later in the morning.
A key bearish trade came in the morning when a block of 3,114 shares crossed the tape at $7.
That was down sharply from the prior block at $9.13 on 2,000 shares.
Business
ENVB is an early-development-stage biosciences company.
It is developing mental health and oncology treatments using a clinical discovery platform to enable psychedelic-derived molecules for the mind and synthetic cannabinoids for the body.
It is developing its product candidates that are focused on cannabinoids derived from non-hemp botanical sources, and synthetic materials.
Charts
ENVB's daily chart shows the stock declining from $30 in February down to around $10 by May..
The stock tried to form a bottom and then rally.
However, It fell back and now cuts below key technical support.
The CCI momentum indicator is bearish.
Earnings:
This year, analysts forecast a loss of $15 a share compared with a loss of $21.50 the prior year.
Going out to 2023, they see a loss of $12.50 a share.
There were no quarterly estimates.
Strategy Opinion: TTD is targeting ENVB for a decline to $5.40 within the next few months or sooner.
A protective stop buy can be placed near $7.30.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
Response to Net |
Bearish |
ENVB rose 0 times after 4 earnings reports. |
Seasonal Success |
Bearish |
ENVB avg. loss 12.7% in Aug., loss 4.8% in Sept.. |
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.)