Daily - Go to TTD's Chart scroller of Breakout Stocks - Wednesday - July 27, 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.
Wednesday - July 26, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 4
Quality of Breakouts - Below Average.
Stocks Screened - 6,500
Bull side - Small list of breakouts and very selective.
Stock market - Major averages are bearish weekly and monthly. However, daily averages are rallying.
Comment - The key now will be the flood of earnings reports coming in the next two weeks. Bulls should be on the look out for companies whose earnings beat the highest estimate on the Street.
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: RES, COOP, KARO, ROK and CCJ.
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 - PLAB - Below Average |
PLAB, based in Brookfield, Ct., makes photomasks which is a precision photographic quartz or glass plates containing microscopic images of electronic circuits. Annual revenues: $664 million.
PLAB's stock drives higher Wednesday and breaks out from its 9-week, cup-and-handle base.
TTD sees potential for more on the upside.
So far today PLAB is trading 1.1 million shares, almost double its average daily volume of 683,000 shares.
PLAB's stock moved higher in the morning getting to $22.50.
It then trended sideways until the afternoon.
Then PLAB surged higher clearing its breakpoint line.
PLAB was down 2 cents a share in after-hours trading.
Tape Action
PLAB's tape action shows the recent block trades.
One can see the price for the blocks rising from $21.77 in the prior session to as high as $23.21 by the close.
A key bullish trade came in the morning when a block of 10,745 shares crossed the tape at $22..
That was up from the prior block at $21.77 on a big 54,564 shares in the prior session.
Near the close a big block of 98,047 shares crossed at $23.21.
That was up from the prior block at $23.12 on 5,000 shares.
Business
PLAB makes photomasks, which is a precision photographic quartz or glass plates containing microscopic images of electronic circuits.
The company is an element in the manufacture of integrated circuits and flat panel displays. They are used as masters to transfer circuit patterns onto semiconductor wafers and FPD substrates during the fabrication of ICs, a variety of FPDs and, to a lesser extent, other types of electrical and optical components.
The firm has 11 plants of which three are in Taiwan, one in Korea, three in the U.S., two in Europe, and two in China.
Charts
PLAB's 12-month performance chart shows the stock soaring 75% versus a loss of 10% for the stock market.
Insiders were recent buyers using stock options at $8.23 to $12.13 a share.
They were sellers at $20.14 a share to $15.
PLAB's long-term chart shows the stock climbing from $7.95 a share in 2019 to $16.75.
The stock then fell back to $8.31 in 2020 when the stock market fell.
PLAB then turned and worked steadily higher reaching $23.21. .
PLAB's daily chart shows the stock surging from $15 back in May to a peak near $23.05 by June.
The stock then pulled back and formed a cup-and-handle base.
It now breaks out with expanding volume and a widening of the price spread.
The CCI momentum indicator is strongly bullish..
Earnings Outlook
This fiscal year ending in October , the Street projects a 113% surge in net to $1.90 a share from the 89 cents the year before.
Three analysts follow the stock. Going out to fiscal 2023, they see a 17% increase in net to $2.22 a share from the anticipated $1.90 this year.
Net for the fiscal third quarter ending in July should jump 127% to 50 cents a share from the 22 cents the year before.
Then in the fiscal fourth quarter, net should climb 64% to 54 cents a share from 33 cents the prior year.
Strategy Opinion: TTD is targeting PLAB for a move to $29 within the next few months, or sooner.
A protective stop can be placed near $21
Intermediate-Term Rating: Average.
Suitability: Aggressive Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
PLAB scored big gains off recent breakouts. |
Response to Net |
Bullish |
PLAB rose 10 times after 15 earnings reports. |
Earnings Beats |
Bullish |
PLAB beat net estimates 12 times after 20 reports. |
Seasonal Success |
Bullish |
PLAB avg. gain 7% in Aug., avg loss 4.4% 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 |
47% |
11/1/2021 | 13.46 | 19.79 | 1/10/2022 |
36% |
12/2/2019 | 11.69 | 15.94 | 12/9/2019 |
(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
Euronav (EURN) - 14.03 Profit Seen This Year Versus Loss Last Year |
Summit Financial Group (SMMF) - 29.25 Net to Rise 12% This Year |
Columbia Financial Inc. (CLBK) - 22.80 Net to Decline 2% this year, Rise 8% in 2023 |
TTD's Feature Stock Under Accumulation
TTD's Quality Rating of Stock - CHEF - Average |
CHEF, based in Ridgefield, Ct., sells specialty foods in the U.S. and Canada such as pastry, cheese and vinegars. Annual revenues: $1.7 billion. CHEF's stock moves higher Wednesday and now is in good position to breakout from its 5-week, flat base.
So far today, CHEF is trading 735,277 shares. Its average daily volume is 559,000 shares.
TTD suggests accumulation in anticipation of a breakout.
CHEF's stock rose in the morning to an intraday high of $39.30.
The stock backed off to $37.38, but came on again.
In after-hours trading, CHEF was up 38 cents a share.
Tape Action
CHEFI's tape action shows the recent block trades.
One can see the prices for CHEF's blocks rising from $37.09 in the prior session to as high as $38.73 in the morning.
A key bullish trade came in the morning when a block of 7,846 shares crossed the tape at $38.73.
That was up from the prior block at $37.09 on 38,331 shares in the prior session.
Near the close a big block of 214,616 shares crossed at $37.86.
That was up from the prior block in the sequence at $38 on 2,268 shares.
Business
CHEF distributes specialty foods in the U.S. and Canada.
Its products consists of Center-of-the-Plate, dry goods, pastry, cheese and charcuterie, dairy and eggs, oils and vinegars and kitchen supplies.
The company's customers consists primarily of menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines and casinos.
Charts
CHEF's 12-month performance chart shows the stock up 25% versus a 10% loss for the stock market.
Insider have not done any recent buying.
They were sellers at $35.32 to $39 a share.
CHEF I's long-term chart shows the stock rising from $10.31 in 2016 to $42.08 by 2020.
The stock then dropped back sharply to $3.55 due in part to the bear market.
CHEF then rallied steadily to a peak at $42 by June of this year. .
CHEF's daily chart shows the stock climbing from $28 in March to a peak near $42 by June.
The stock has now put down a flat base.
It moved higher on its earnings with a good expansion in volume.
It is now in position to breakout.
The CCI momentum indicator has now turned up..
Earnings Outlook
This year, analysts predict that net will climb to $1.22 a share from a loss of 5 cents a share the prior year.
Going out to 2023, the Street sees a 21% rise in net to $1.47 a share from the anticipated $1/22 this year..
Net for the second quarter should leap 775% to 35 cents a share from the four cents the year before.
The company beat the Street estimate the past four quarters by 7 cents a share, 8 cents, 11 cents and 39 cents.
For the third quarter, the Street expects a 150% leap in net to 30 cents a share from the 12 cents the year before.
Strategy Opinion: TTD suggests accumulation in CHEF in anticipation of a breakout over $42.50.
TTD is targeting CHEF for a move to $49 within the next few months after a breakout. A protective stop can be placed near $40 after a breakout.
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
CHEF scored a big gain off a recent breakout. |
Response to Net |
Bullish |
CHEF rose 9 times after 15 earnings reports. |
Earnings Beats |
Neutral |
CHEF beat net estimates 10 times after 20 reports. |
Seasonal Success |
Bullish |
CHEF avg. gain 12% in Aug., 8.5% 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 |
82% |
11/6/2020 | 18.84 | 34.36 | 3/12/2021 |
10% |
2/22/2018 | 21.88 | 24.15 | 4/18/2018 |
(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
Sierra Wireless Inc. (SWIR) - 22.98 Set a Stop Buy at 27.20 to Catch the Breakout Net to Rise This Year from Loss in 2021 |
Kinsale Capital Group Inc. (KNSL) - 235.85 Set a Stop Buy at 242.80 to Catch the Breakout Net to Rise 20% This Year, 18% 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 - ALRS - Below Average |
ALRS, based in Grand Forks, N.D. provides financial services. Annual revenues: $78.1 million. ALRS's stock falls sharply Wednesday and undercuts key technical support.
So far today, ALRS is trading 86,296 shares. Its average daily volume is 22,000 shares. So volume was four times normal for this thinly traded stock.
TTD sees potential for more on the downside.
ALRS's stock fell sharply in the morning and undercut support. The stock touched an in traday low of $20.20
The stock lifted to near $22 and then trended sideways through most of the day.
Then in after-hours trading the stock tumbled $1.88.
Tape Action
ALRS's tape action shows the recent block trades.
One can see the price for the blocks falling from $22.59 in the prior session to as low as $20.20 in the morning.
A key bearish trade came in the morning when a block of 9,939 shares crossed the tape at $20.20.
That was down sharply from the prior block at $22.59 on 2,195 shares in the prior session. .
Business
ALRS provides: Banking, retirement and benefit services, wealth management and mortgage services.
.The banking division offers a line of loan, deposit, cash management, and treasury services. Retirement and Benefit Services provides record keeping and administration services to retirement plans.
Charts
ALRS's daily chart shows the stock declining from $30 in March down to around $22 by June.
The stock tried to form a bottom but now breaks down with a pick up in volume.
The stock's CCI momentum indicator is very bearish.
Earnings:
This year, analysts expect a 17% decline in net to $2.47 a share from $2.97 the prior year.
Net for the second quarter should be down 8% to 61 cents a share from 66 cents the prior year.
Then in the third quarter profits should slump 20% to 59 cents a share from 74 cents the previous year.
Looking out to 2023, the Street sees a 7% rise in net to $2.65 a share from the anticipated $2.47 this year.
Strategy Opinion: TTD is targeting ALRS for a decline to $18 within the next few months or sooner.
A protective stop buy can be placed near $23.10.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
Response to Net |
Bullish |
ALRS rose 8 times after 10 earnings reports. |
Seasonal Success |
Bullish |
ALRS avg. gain 6.5% in Aug., loss 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 “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.
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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.)