Daily - Go to TTD's Chart scroller of Breakout Stocks - Tuesday - July 26, 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.
Tuesday - July 26, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 2
Quality of Breakouts - Below Average
Stocks Screened - 6,500
Bull side - Small list of breakouts and very speculative.
Stock market - Major averages hold bullish daily, while weekly and monthly remain bearish.
Comment - Major averages are still bearish weekly and monthly. The daily rally is now starting to fade. Market vulnerable to more on the downside. Earnings now need to be watched closely.
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: PGTI, FELE, XRX, MMM and GE.
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 - SIGA - Below Average |
SIGA, based in New York, develops drugs. Annual revenues: $620 million. SIGA's stock moves higher Tuesday and breaks clear of its 10-week, cup-and-handle base.
The move carries the stock to a new all-time high. That is bullish.
So far today, SIGA is trading a heavy 40.8 million shares, four times its average daily volume of 9.8 million shares.
The company recently got approval for a vaccine to treat monkeypox.
SIGA's stock moved higher in the morning and cleared its breakpoint in the morning.
The stock then worked steadily higher and closed near its high for the session.
That is bullish.
In after-hours trading, SIGA was up 71 cents a share.
Tape Action
SIGA's tape action shows the recent block trades.
One can see the price for the blocks rising from $15.18 in the morning to as high as $17.53 by midday.
A key bullish trade came in the morning when a block of 32,515 shares crossed the tape at $16.50..
That was up from the prior block at $15.18 on a big 85,081 shares in the prior session.
Near the close a big block of 127,219 shares crossed at $17.43.
That was down from the prior block at $17.53 on 53,196 shares.
Business
SIGA is a commercial-stage drug company.
Its lead product, TPOXX (oral TPOXX), is an oral formulation antiviral drug used to treat smallpox caused by variola virus. The Company does not have a manufacturing infrastructure.
The company recently received approval for a drug to treat monkeypox - which has been declared a global emergency.
Charts
SIGA's 12-month performance chart shows the stock soaring 150% 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 $7.82 a share back in December.
SIGA's long-term chart shows the stock peaking at $8.47 in 2018 from $1 back in 2016/
The stock then trended mostly sideways. Then earlier this year -- with the monkeypox - news it has soared to $17.43.
SIGA's daily chart shows the stock surging from $8 back in May to a peak near $14.69 by May.
The stock based, moved higher in the prior session and drives to a new high clearing its base.
The CCI momentum indicator is strongly bullish..
Earnings Outlook
This year, the Street has been predicting a 27% drop in net to 66 cents a share from the 91 cents the year before.
There is only one analysts following the stock.
There is potential for an earnings upgrade.
For 2023, the analyst project flat net at 66 cents a share.
There are no quarterly earnings estimates.
Strategy Opinion: TTD is targeting SIGA for a move to $21 within the next few months, or sooner.
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 |
SIGA scored big gains off recent breakouts. |
Response to Net |
Bullish |
SIGA rose 3 times after 5 earnings reports. |
Seasonal Success |
Bullish |
SIGA avg gain 2.2% in Aug, loss 0.6% in Sept. |
Earnings Beats |
Neutral |
No Street estimates. |
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 |
89% |
5/19/2022 | 7.93 | 14.96 | 7/15/2022 |
22% |
11/18/2021 | 7.61 | 9.26 | 11/19/2021 |
22% |
7/16/2020 | 6.29 | 7.68 | 8/7/2020 |
(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.)
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
Torm Plc. (TRMD) - 15.21 Net to Rise This Year |
TTD's Feature Stock Under Accumulation
TTD's Quality Rating of Stock - VMI - Average |
VMI, based in Omaha, Neb., makes towers for lighting and highway safety products. Annual revenues: $3.5 billion. VMI's stock moves higher Tuesday and is in position to breakout from its 15-week, cup-and-handle base.
So far today, VMI is trading 96,809 shares. Its average daily volume is 95,000 shares.
TTD suggests accumulation in anticipation of a breakout.
VMI's stock rose in the morning and reached an intraday peak at $257.59.
The stock pulled back to $254. It then lifted late in the day to score a good gain.
VMI was unchanged in after hours trading.
Tape Action
VMI's tape action shows the recent block trades.
One can see the prices for VMI's blocks rising from $152.55 in the prior session to as high as $256.57 in the morning.
A key bullish trade came in the morning when a block of 800 shares crossed the tape at $253.60.
That was up from the prior block at $252.55 on 11,687 shares in the prior session.
Near the close a block of 7,019 shares crossed at $256.44.
That was up from the prior block at $255.06 on 600 shares.
Business
VMI produces products for the infrastructure and agriculture markets.
It makes engineered metal and composite poles, towers, and components for the lighting, traffic, and wireless communication markets.
The firm also produces engineered steel and concrete structures for utility transmission, distribution, substations, and renewable energy generation equipment.
Charts
VMI's 12-month performance chart shows the stock up 12% versus a 10% loss for the stock market.
Insider were recent buyers at $112.08 to $164.35 a share using stock options.
They were sellers at $248 to $262 a share.
VMI's long-term chart shows the stock rising from $103 in 2018 to $154 by 2020.
The stock fell back to $82.60 in 2020.
VMI then rallied steadily to a peak at $277 by April. The stock pulled back and is now rallying.
VMI's daily chart shows the stock climbing from $210 in March to a peak near $104 by May.
The stock eventually pulled back to around $220 and then rallied back to $2.
The move formed a cup-and-handle base.
It is now in position to breakout.
The CCI momentum indicator is bullish..
Earnings Outlook
This year, analysts predict a 27% jump in net to $13.86 a share from the $10.92 the year before.
Going out to 2023, the Street sees a 7% rise in net to $14.87 a share from the anticipated $13.96 this year..
Net for the third quarter should leap 33% to $3.43 a share from the $2.57 the year before.
The company beat the Street estimate the past four quarters by 41 cents a share, 77 cents, 8 cents and 14 cents.
For the fourth quarter, the Street expects a 23% rise in net to $3.37 a share from the $2.73 the year before.
Strategy Opinion: TTD suggests accumulation in VMI in anticipation of a breakout over $264.80
TTD is targeting VMI for a move to $300 within the next few months after a breakout. A protective stop can be placed near $254 after a breakout.
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
VMI scored small gains off recent breakouts. |
Response to Net |
Bearish |
VMI rose 7 times after 15 earnings reports. |
Earnings Beats |
Bullish |
VMI beat net estimates 14 times after 20 reports. |
Seasonal Success |
Bullish |
VMI avg. gain 2.2% in Aug., avg loss 1.5% 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 |
5% |
4/29/2021 | 248.52 | 262.02 | 5/7/2021 |
78% |
10/22/2020 | 139.36 | 248.51 | 3/12/2021 |
18% |
3/4/2016 | 117.82 | 139.25 | 4/21/2018 |
(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
Carlisle Cos. (CSL) - 269.05 Set a Stop Buy at 273.20 to Catch the Breakout Net to Soar 87% This Year |
Esquire Financial Holdings Inc. (ESQ) - 37.17 Set a Stop Buy at 39.10 to Catch the Breakout Net to Leap 39% This Year, 25% 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 - 12
Stocks Screened - 6,500
Long-Term Environment for Bears: Favorable.
Bear Side - Large list of shorts with some interesting plays for aggressive bulls.
TTD's Quality Rating of Stock - (AAN) - Below Average |
AAN, based in Atlanta, GA., sells and leases furniture and appliances. Annual revenues: $1.8 billion. AAN's stock falls sharply Tuesday and undercuts key technical support.
So far today, AAN is trading 1.3 million shares, four times its average daily volume of 347,000 shares.
TTD sees potential for more on the downside.
AAN's stock fell sharply in the morning and undercut key technical support.
The stock touched an intraday low of $12.29.
The stock then lifted in the morning to $13.93 and then trended mostly sideways.
In after-hours trading, AAN was up 31 cents a share.
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
AAN through its Aarons.com electronic commerce platform provides direct-to-consumer sales and lease ownership of furniture, appliances and consumer electronics.
The company's operations include Woodhaven Furniture Industries, which makes bedding and upholstered furniture leased and sold.
The company has 1,300 owned and franchised stores.
Charts
AAN's daily chart shows the stock declining from $23 in March down to around $14 by June..
The stock tried to rally, but now rolls over with a big increase in volume.
The stock is trading below its key moving average lines.
The CCI momentum indicator is bearish.
Earnings:
This year, analysts predict a 29% decline in net to $2.67 a share from $3.75 the prior year.
Net for the third quarter is expected to drop 29% to 59 cents a share from 83 cents the prior year.
Then in the fourth quarter profits should be down 12% to 53 cents a share from 60 cents the previous year.
Looking out to 2023, the Street sees an 11% rise in net to $2.96 a share from the anticipated $2.67 this year.
Strategy Opinion: TTD is targeting AAN for a decline to $10.50 within the next few months or sooner.
A protective stop buy can be placed near $13.80.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
Response to Net |
Bearish |
AAN rose 7 times after 7 earnings reports. |
Seasonal Success |
Bearish |
AAN avg. loss 8.1% in Aug., gain 4.2% 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
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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.
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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.)