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Daily - Go to TTD's Chart scroller of Breakout Stocks - Thursday - July 28, 2022 |
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(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.
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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.
Thursday - July 28, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 7
Quality of Breakouts - Above Average.
Stocks Screened - 6,500
Bull side - Good number of breakouts as stock market extends recent rally.
Stock market - Major averages bullish daily, but still bearish weekly and monthly.
Comment - Bulls can be venturesome. Earnings reports pace will increase the next few weeks. Bulls need to be alert.
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: WING, HTZ, FSLR, FCFS and EXLS.
Stock Market Momentum
(Daily is based on a moving average)
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Market (Daily) |
Market (Weekly) |
Market (Monthly) |
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Dow - Bullish |
Dow - Bearish |
Dow - Bearish |
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Nasdaq - Bullish |
Nasdaq - Bearish |
Nasdaq - Bearish |
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S&P 500 - Bullish |
S&P 500 - Bearish |
S&P 500 - Bearish |
Ticker Tape Digest's 
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TTD's Quality Rating of Stock - CSL - Above Average |
CSL, based in Scottsdale, Az., makes engineered products used for roofing and building products. Annual revenues: $4.8 billion. CSL's stock gaps higher Thursday and breaks out from its 13-week, cup-and-handle base. 
So far today, CSL is trading 892,310 shares, more than double its average daily volume of 333,000 shares.
TTD sees potential for more on the upside even though the stock is a bit extended near-term.
CSL's stock was highlighted as a breakout at our midsession video show.
CSL's stock gapped higher in the morning and cleared its base.
The stock worked to an intraday high of $290.73 in the afternoon.
It then backed off a bit and then trended sideways into the final bell.
CSL was unchanged in after-hours trading.
Tape Action
CSL's tape action shows the recent block trades.
One can see the price for the blocks rising from $271.55 in the prior session to as high as $287.60 by the close. 
A key bullish trade came in the morning when a block of 5,011 shares crossed the tape at $281.
That was up from the prior block at $271.55 on 26,689 shares in the prior session.
Near the close a big block of 42,869 shares crossed at $287.60.
That was up from the prior block at $287.43 on 2,596 shares.
Business
CSL makes construction materials, weatherproofing, interconnect technologies and fluid technologies.
The company sells to commercial, industrial and residential buildings.
CSL produces wire and cable, including optical fiber, for the commercial aerospace, military and defense electronics, medical device, industrial, and test and measurement markets.
Charts
CSL's 12-month performance chart shows the stock soaring 45% versus a loss of 8% for the stock market.
Insiders were recent buyers using stock options at $107.73 to 161.41.
They were sellers at $235 to $238.
CSL's long-term chart shows the stock climbing from $92.16 a share in 2018 to $169 by early 2020
The stock then fell back to $98 later in 2020 when the stock market fell.
CSL then surged to $287. 
CSL's daily chart shows the stock rising from $220 back in March to a peak near $272 by May..
The stock then pulled back and then formed a cup-and-handle base.
The breakout comes with a gap move and strong volume.
The CCI momentum indicator is strongly bullish..
Earnings Outlook
This year, the Street projects an 87% surge in net to $17.66 a share from the %9.44 the year before.
Two analysts follow the stock. Going out to 2023, they see a 10% rise in net to $19.48 a share from the anticipated $17.66 this year.
Net for the third should surge 53% to $4.56 a share from the $2.99 the year before.
The highest estimate is at $4.75 a share.
The company beat the Street estimate the past four quarters by $1.16, $1.72, 30 cents and 26 cents.
Then in the fourth quarter, net should rise 32% to $3.85 a share from $2.29 the prior year.
Strategy Opinion: TTD is targeting CSL for a move to $335 within the next few months, or sooner.
A protective stop can be placed near $270
Intermediate-Term Rating: Above Average.
Suitability: Aggressive Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
CSL scored big gains off recent breakouts. |
Response to Net |
Bullish |
CSL rose 13 times after 15 earnings reports. |
Earnings Beats |
Bullish |
CSL beat net estimates 19 times after 20 reports. |
Seasonal Success |
Bullish |
CSL avg. gain 8.4% in Aug., gain 4.8% 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 |
51% |
3/22/2021 | 163.86 | 248.12 | 12/27/2021 |
28% |
4/22/2019 | 128.21 | 163.95 | 1/13/2020 |
(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
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Long- Term Chart
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Stock's Price Performance after Reporting Earnings
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12 - month Performance Chart vs. S&P 500
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TTD's Breakout Stock
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Quanta Services Inc. (PWR) - 145.29 Net to Climb 28% This Year, 10% in 2023 |
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Dycom Industries Inc. (DY) - 103.03 Net to Surge 116% for Fiscal 2023 (Jan.) |
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Lantheus Holdings Inc. (LNTH) - 75.77 Net to Jump 529% this year, 18% in 2023 |
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CBZ Inc. (CBZ) - 45.02 Net to Climb 22% this year, 14% in 2023 |
TTD's Feature Stock Under Accumulation
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TTD's Quality Rating of Stock - HWM - Average |
HWM, based in Pittsburgh, sells engineered products for the aerospace industry. Annual revenues: $5 billion. HWM's stock moves higher Thursday. The stock is now closer to a breakout from its 10-week, cup-and-handle base.
So far today, HWM is trading 2.4 million shares. Its average daily volume is 2.7 million shares.
TTD suggests accumulation in anticipation of a breakout. 
HWM's stock slipped in the morning down to $35.06.
However, the stock turned and rallied steadily the rest of the day
It closed near its high for the session. That is bullish.
In after-hours trading, HWM was up 11 cents a share.
Tape Action
HWMI's tape action shows the recent block trades.
One can see the prices for CHEF's blocks rising from $35.17 in the prior session to as high as $36.04 by the close.
A key bullish trade came in the morning when a block of 17,695 shares crossed the tape at $35.34.
That was up from the prior block at $35.17 on 247,486 shares in the prior session.
Near the close a big block of 395,655 shares crossed at $36.04.
That was up from the prior block in the sequence at $36.03 on 4,000 shares.
Business
HWM produces eEngine products, fastening systems, engineered structures, and forged wheels for the aerospace industry and other sectors.
The engine products segment produces investment castings, including airfoils and rolled rings primarily for aircraft engines and industrial gas turbines.
The fastening systems segment produces aerospace fastening systems, as well as commercial transportation, industrial and other fasteners.
Charts
HWM's 12-month performance chart shows the stock up 10% versus an 8% loss for the stock market.
Insider were buyers at $20.27 to $28.98
They were sellers at $36 a share.
HWM's long-term chart shows the stock rising from $16.81 in 2016 to $34 by 2020.
The stock then dropped sharply to $10 in early 2020 due in part to the bear market.
HWM then rallied to $37 this year. .
HWM's daily chart shows the stock climbing from $31 in March to a peak near $37 by April.
The stock then trended sideways and then fell back to $30 in June and then rallied.
The stock has now rallied back and is in range to breakout.
It is now in position to breakout.
The CCI momentum indicator is bullish.
Earnings Outlook
This year, analysts predict net will surge 40% this year to $1.41 a share from the $1.01 the prior year.
Going out to 2023, the Street sees a 29% leap rise in net to $1.83 a share from the anticipated $1.41 this year..
Net for the second quarter should spurt 50% to 33 cents a share from the 22 cents the year before.
The company beat the Street estimate the past three quarters by 2 cents a share, one cent and 2 cents.
For the third quarter, the Street projects a 41% jump in net to 38 cents a share from the 27 cents the year before.
Strategy Opinion: TTD suggests accumulation in HWM in anticipation of a breakout over $37.90
TTD is targeting HWM for a move to $45 within the next few months after a breakout. A protective stop can be placed near $33 after a breakout.
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
HWM scored big gains off recent breakouts. |
Response to Net |
Bullish |
HWM rose 11 times after 15 earnings reports. |
Earnings Beats |
Bullish |
HWM beat net estimates 14 times after 19 reports. |
Seasonal Success |
Bullish |
HWM avg. gain 5.5% in Aug., 5.5% 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 |
44% |
6/17/2019 | 23.25 | 33.47 | 2/17/2020 |
33% |
7/24/2017 | 22.41 | 29.91 | 2/13/2017 |
(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.)
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Stock's Long-term Chart
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Stock's Price Performance after Reporting Earnings
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Stock Performance Chart with Earnings Markers vs. S&P 500 Insider Buying in Green - Insider Selling in Red
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TTD's Key Stocks Under Accumulation
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Griffon Corp. (GFF) - 29.36 Set a Stop Buy at 30.90 to Catch the Breakout Net to Soar 118% for fiscal 2022 (Sept.)
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Chart Industries Inc. (GTLS) - 179.20 Set a Stop Buy at 194.50 to Catch the Breakout Net to jump 73% This Year, 49% 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 - 9
Stocks Screened - 6,500
Long-Term Environment for Bears: Favorable.
Bear Side - Large list of shorts with several financial stocks breaking down. Aggressive bears can be venturesome.
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TTD's Quality Rating of Stock - SWK - Below Average |
SWK, based in New Britain, Ct., sells hand tools, power tools and other items like automatic doors. Annual revenues: $15.6 billion. SWK's stock falls sharply Thursday and undercuts key technical support. The drop was triggered by an earnings miss.
TTD sees more on the downside.
SWK reported net for the second quarter of $1.77 a share. That was below the Street estimate of $2.13 a share.
So far today, SWK is trading a heavy 7.7 million shares, six times its average daily volume of 1.3 million shares.
SWK's stock fell sharply in the morning and undercut key support.
The stock touched an intraday low of $98 in the morning.
The stock lifted slightly, but then drifted lower during the rest of the day. 
In after-hours trading, SWK was up 43 cents a share.
Tape Action
SWK'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
SWK sells hand tools, power tools, engineered fastening products and equipment for oil and gas and infrastructure applications.
Its industrial segment covers fasteners, fittings and various engineered products. The infrastructure business consists of attachment tools and oil and gas product lines.
Charts
SWK's daily chart shows the stock declining from $160 in February down to around $99 by June
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The stock tried to rally, but now gaps lower with big volume.
The CCI momentum indicator is strongly bearish.
Earnings:
This year, analysts expect a 6% decline in net to $9.85 a share from $10.48 the prior year.
Net for the second quarter should be down 31% to $2.12 a share from the $3.08 the prior year.
Then in the third quarter profits should drop 3% to $2.70 a share from the $2.77 the previous year.
Looking out to 2023, the Street sees an 8% rise in net to $10.65 a share from the anticipated $9.85 this year.
Strategy Opinion: TTD is targeting SWK for a decline to $88 within the next few months or sooner.
A protective stop buy can be placed near $104.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
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Response to Net |
Bullish |
SWK rose 8 times after 15 earnings reports. |
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Seasonal Success |
Bearish |
SWK avg. loss 2.9% in Aug., gain 1.3% 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.)
