Ticker Tape Digest

Wednesday - August 3, 2022  

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.

   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 - August 3, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakout Stocks - 3

Quality of Breakouts -  Below Average.

Stocks Screened -  6,500

Bull side - Small list of breakouts even as the stock market snaps back. Earnings will continue to flow in and have an impact on the market averages.

Stock market - Major averages are bullish daily and weekly as the stock market continues rally within a bear market.

Comment - Very selective breakout list. Bulls be conservative.

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: TUP, YELL, DIN, MRNA  and MORF.

Stock Market Momentum

(Daily is based on a moving average)

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action

(The “breakout List” gives all stocks breaking out of a base of five weeks or more. These stocks have a good chance to trend higher. However, a stop should be used to avoid those that do not work.

They are ranked according to percentage change and classified as leaders or other.

(Trading strategy: One should buy breakout stocks near breakpoint by using market order or stop buy.  They can also be bought soon after a follow through move, sometimes on an intraday pullback.

Wednesday Breakouts

TTD's Featured Breakout Stock

Evolent Health Inc. (EVH) - 36.50, up 1.29, Breakpoint 35.21

Net To Jump This Year, TTD Targets 43

  EVH, based in Arlington, Va.,   is a health care service firm that provides clinical and administrative solutions to payers and providers. EVH's stock gaps higher Wednesday and breaks out from its 5-week, cup-and-handle base.

  So far today, EVH is trading 3.8 million shares, four times its average daily volume of 929,000 shares.

  TTD sees potential for more on the upside.

  EVH's stock broke out in the morning with a strong move to an intraday high of $39.

  The stock then pulled back to around $36 and then trended sideways the rest of the day.

  In after-hours trading EVH was down 50 cents a share.  

  Tape Action

 EVH's  tape action shows the recent block trades.

 One can see the price for the blocks rising from $35.21 in the prior session to as high as $38.70 in the morning.  

 A key bullish trade came in the morning when a block of 44,889 shares crossed the tape at $38.70.

That was up from the prior block at $35.21 on 61,008 shares.

 Near the close a block of 78,073 shares crossed at $36.50..

That was up from the prior trade at $36.46 on 100 shares.  

  Business 

 EVH provides clinical and administrative solutions to payers and providers in the medical industry.

 The company supports health systems and physician organizations as well as health plans to move their business models from traditional fee-for-service reimbursement to value-based care.

EVH operates through: Evolent Health Services and Clinical Solutions.

Charts

 EVH's 12-month performance chart shows the stock up 60% versus a loss of 5% for the stock market.

 Insiders were buyers using stock options at $13.29 a share.

They were sellers at $27.41 to $27.30 a share.  

 EVH's long-term chart shows the stock falling from $29 back in 2018 to $3.50 by early 2020.

 However, the stock has come back strong. It has risen steadily to $36.

 EVH's daily chart shows the stock climbing from $25 in May to a peak near $35 by July.

  The stock pulled back and formed a cup-and-handle base.

 Now, EVH  blows out of the base as it reports strong earnings.

  The company reported net for the second quarter of 10 cents a share topping Street estimate of 5 cents a share.   

  EVH's CCI  momentum indicator is very bullish.

  Earnings Outlook

 This year, the Street  projects EVH's earnings will jump sharply to 23 cents a share from just 2 cents a share the year before.

 Going out to 2023, analysts predict a 150% surge in net to 57 cents a share from the anticipated 23 cents this year.

 For the third quarter, analysts predict a profit of 4 cents a share compared with a loss of 3 cents the year before.

Strategy Opinion:  TTD is targeting EVH for a move to $43.

 A protective stop can be placed near $34.

Intermediate-Term Rating: Average.

Suitability:   Aggressive Bulls.

  TTD's special research of Stocks Prior Performance: 

             Stock's Prior Performance After a Breakout

   (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.)