Daily - Go to TTD's Chart scroller of Breakout Stocks - Tuesday - August 2, 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 - August 2, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 3
Quality of Breakouts - Above average.
Stocks Screened - 6,500
Bull side - Small list of a breakouts and very selective.
Stock market - Major averages are bullish daily. The weekly shows the Dow bearish, while Nasdaq and S&P 500 hold bullish. However, the monthly averages remain bearish.
Comment - Market looks vulnerable to a break to the downside.
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: DBD, TSQ, HRMY, PYPL and RGEN.
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 - Bullish |
Nasdaq - Bearish |
S&P 500 - Bullish |
S&P 500 - Bulli |
S&P 500 - Bearish |
TTD's Quality Rating of Stock - UFPT - Above Average |
UFPT, based in Newburyport, Ma., makes components, subassemblies, products and packaging utilizing foams, films and plastics primarily for the medical market. Annual revenues: $206 million.
UFPT's stock surges higher Tuesday and breaks out from its 7-week, flat base after reporting strong second quarter earnings. .
The move carries the stock to a new all-time high. that is very bullish.
So far today, UFPT is trading 86,550 shares, double its average daily volume of 35,000 shares.
TTD sees potential for more on the upside.
UFPT's stock broke out in the morning.
The stock worked steadily high through the day.
It closed near its high for the session. That is very bullish.
UFPT was unchanged in after-hours trading.
Tape Action
UFPT's tape action shows the recent block trades.
One can see the price for the blocks rising from $80.27 in the prior session to as high as $88.98 late in the day.
A key bullish trade came in the morning when a block of 400 shares crossed the tape at $81.50.
That was up from the prior block at $80.27 on 2,220 shares.
Near the close a block of 929 shares crossed at $88.98..
That was up from the prior block at $87.15 on 800 shares.
Business
UFPT makes components, subassemblies, products and packaging utilizing foams, films and plastics primarily for the medical market.
Its single-use and single-patient devices and components are used in medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods and orthopedic implant packaging.
The company also provides engineered products to customers in the auto, aerospace and defense, consumer, electronics, and industrial markets. The applications of its products include military uniform and gear components, automotive interior trim, athletic padding, environmentally friendly protective packaging.
Charts
UFPT's 12-month performance chart shows the stock up 33% versus a loss of 5% for the stock market.
Insider were buyers using stock options at $16.32 a share. They have not done any selling recently.
UFPT's long-term chart shows the stock rising from $26 back in 2018 to a peak at $52 by 2020.
However, the stock fell back to $34 in early 2020 when the stock market fell.
Since then, UFPT has rallied back strongly to $88. .
UFPT's daily chart shows the stock climbing from $60 in March to a peak near $83 by June.
The stock pulled back and formed a flat base.
Now, UFPT blows out of the base as it reports strong second quarter earnings.
The company reported net for the second quarter of $1.17 a share, up from 62 cents the year before.
UFPT's CCI momentum indicator is very bullish.
Earnings Outlook
This year, the Street projects earnings will jump 71% to $3.58 a share from the $2.09 the prior year.
For the third quarter, analysts predict a profit of 95 cents a share and then in the fourth quarter a profit of 84 cents a share.
There were no comparisons available from the prior year.
Strategy Opinion: TTD is targeting UFPT for a move to $105.
A protective stop can be placed near $82.
Intermediate-Term Rating: Average.
Suitability: Aggressive Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
UFPT scored big gains off recent breakouts. |
Response to Net |
Bullish |
UFPT rose 8 times after 12 earnings reports. |
Seasonal Success |
Bullish |
UFPT avg gain 5.4% in August, loss 3.7% in Sept.. |
Earnings Beats |
Bullish |
UFPT beat net estimates 15 times after 19 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 |
51% |
10/18/2021 | 44.98 | 67.92 | 12/27/2021 |
65% |
11/9/2020 | 26.08 | 42.96 | 4/5/2021 |
63% |
8/28/2017 | 16.36 | 26.59 | 3/5/2018 |
(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.)
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
Teekay Tankers Ltd. (TNK) - 22.48 This Year, Small Profit Vs. A Loss |
Kingsway Financial Service Inc. (KFS) - 6.32 No Earnings Estimates |
TTD's Feature Stock Under Accumulation
TTD's Quality Rating of Stock - ON - Average |
ON, based in Phoenix, makes semiconductors and power solutions. Annual revenues: $6.7 billion. ON's stock moves higher Tuesday and is in good position to breakout from its two-month, cup-and-handle base.
So far today, ON is trading 10.4 million shares. Its average daily volume is 7.2 million shares.
TTD sees ON in a good spot to be accumulated in anticipation of a breakout.
ON's stock moved higher in the morning and reached an intraday high of $67.71 around noon.
The stock then faded back to around $65 in the afternoon.
In after-hours trading, the stock was down 17 cents a share.
Tape Action
ON's tape action shows the recent block trades.
One can see the prices for ON's blocks rising from $63.14 in the morning to as high as $67.50.in the afternoon.
A key bullish trade came in the morning when a block of 39,200 shares crossed the tape at $63.24.
That was up from the prior block at $63.14 on 25,000 shares..
Near the close a big block of 476,738 shares crossed at $65.59.
That was down from the prior trade in the sequence at $66.25 on 20,700 shares.
Business
ON's segments include the power solutions group, advanced solutions Group and the intelligent sensing group.
The psg group makes analog, discrete, module and integrated semiconductors. The ASG group develops analog, mixed-signal, advanced logic, application specific standard products.
The ISG segment makes metal oxide semiconductor image sensors, image signal processors, single photon detectors, including silicon photomultipliers (SiPM) and single photon avalanche diode arrays.
Charts
ON's 12-month performance chart shows the stock up 40% versus a 5% loss for the stock market.
Insider were buyers in the open market at $45. a share.
They were sellers at $45 to $65 a share.
ON's long term-chart shows the stock climbing from $15 in 2018 to a peak at $24.70 by 2019.
However, the stock eventually fell to $8.17 during the early 20202 bear market.
The stock has since rallied strongly to $71 by 2022. .
ON's daily chart shows the stock peaking at $67 in June. It then fell back to $45.
However, it has since rallied back to $65 forming a cup-and-handle base.
ON is now well poised to breakout at any time.
The CCI momentum indicator is solidly bullish.
Earnings Outlook
This year, analysts predict a 66% jump in net to $4.90 a share from the $2.95 the year before.
Going out to 2023, the Street sees a 2% drop in net to $4.82 a share from the anticipated $4.90 this year..
Net for the third quarter should surge 41% to $1.23 a share from the 87 cents the year before.
The company beat the Street estimate the prior four quarters by 8 cents a share, 17 cents, 15 cents and 13 cents.
For the fourth quarter, the Street predicts a modest 8% rise in net to $1.18 a share from the $1.09 the year before.
Strategy Opinion: TTD suggests accumulation in ON in anticipation of a breakout over $67.50.
TTD is targeting ON for a move to $77 within the next few months after a breakout. A protective stop can be placed near $63 after a breakout.
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
ON scored big gains off recent breakouts. |
Response to Net |
Bullish |
ON rose 10 times after 15 earnings reports. |
Earnings Beats |
Bullish |
ON beat net estimates 15 times after 20 reports. |
Seasonal Success |
Bearish |
On avg. loss 1% in Aug., loss 0.3% 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% |
10/18/2021 |
44.98 | 67.92 | 12/27/2021 |
65% |
11/2/2020 |
26.08 | 42.96 | 4/5/2021 |
63% |
9/11/2017 |
16.36 | 26.59 | 3/5/2018 |
(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 - |
TTD's Key Stocks Under Accumulation
Harmony Biosciences Holdings Inc. (HRMY) - 55.42 Set a Stop Buy at 57.50 to Catch the Breakout Net to Soar 191% This Year |
Equinor ASA (EQNR) - 37.80 Set a Stop Buy at 39.20 to Catch the Breakout Net to Surge 100% 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 - 6
Stocks Screened - 6,500
Long-Term Environment for Bears: Favorable.
Bear Side - Sharp drop in the market Tuesday may signal the end of the upside rally. Aggressive bears can be venturesome.
TTD's Quality Rating of Stock - SWI - Below Average |
SWI, based in Austin, Tex., sells information technology software. Annual revenues: $719 million. SWI's stock falls sharply Tuesday and undercuts key technical support.
The stock which was as high as $25.66 in 2020 has now touched an all-time low.
That is very bearish.
TTD sees more on the downside.
So far today, SWI is trading 720,529 shares. Its average daily volume is 448,000 shares.
SWI's stock fell in the morning and undercut key technical support.
The stock tried to form a bottom around midday.
However, it broke to the downside in the afternoon. It closed near its low for the day.
The stock was up 8 cents a share in after-hours trading.
Tape Action
SWI's tape action shows the recent block trades.
One can see the price for the blocks falling from $10.79 in the morning to as low as $9.37 near the close.
A key bearish trade came in the morning when a block of 2,000 shares crossed the tape at $10.
That was down sharply from the prior block at $10.79 on 5,755 shares at the opening.
Business
SWI sells information technology infrastructure and management software.
Its SolarWinds Model enables it to market its products directly to network and systems engineers, database administrators, storage administrators.
DevOps and SecOps service desk professionals. The Company engages with its registered members through THWACK, which is its online community designed to train and inform tech professionals about its products.
Charts
SWI's daily chart shows the stock declining from $13 in April to around $10 by July.l.
The stock tried to put down a bottom but now cuts below key support.
That is bearish.
The company lowered its estimate for third quarter earnings.
The CCI momentum indicator is very bearish.
Earnings:
This year, analysts predict a 24% decline in net to $91 cents a share from the $1.20 the prior year.
For the third quarter, the Street expects a 35% drop in net to 24 cents a share from 37 cents the year before.
Going out to 2023, the Street predicts an 15% rise in net to $1.05 a share from the anticipated 91 cents this year.
Strategy Opinion: TTD is targeting SWI for a decline to $7.40 within the next few months or sooner.
A protective stop buy can be placed near $9.90.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
Response to Net |
Bearish |
SWI rose 4 times after 13 earnings reports. |
Seasonal Success |
Bearish |
SWI avg. loss 5.3% in Aug., gain 1% 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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(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.)