Daily - Go to TTD's Chart scroller of Breakout Stocks - Monday - August 8, 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.
Monday - August 8, 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 breakouts as stock market shows small change for the day.
Stock market - Major averages hold bullish daily and weekly, but remain bearish monthly.
Comment - Market rally in the bear market just holding. Earnings to continue to flow in. So, bulls must remain alert for good earnings beats.
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: GDRX, MKTW, EGIO, WTI and AGS.
Stock Market Momentum
(Daily is based on a moving average)
Market (Daily) |
Market (Weekly) |
Market (Monthly) |
Dow - Bullish |
Dow - Bullish |
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 - INSW - Above Average |
INSW, based in New York, provides transportation vessels for oil and petroleum products. Annual revenues: $273 million. INSW's stock breaks out Monday from a 12-week, cup-and-handle base.
So far today, INSW is trading 740,076 shares, about double its average daily volume of 384,000 shares.
TTD sees potential for more on the upside.
INSW's stock drove higher in the morning and cleared its base in the morning and then trended sideways.
In after-hours trading, INSW was up 58 cents a share. That is bullish.
Tape Action
INSW's tape action shows the recent block trades.
One can see the price for the blocks rising from $24.78 in the prior session to as high as $25.60 in the afternoon.
A key bullish trade came in the morning when a block of 15,514 shares crossed the tape at $25.
That was up from the prior block at $24.78 on 24,069 shares.
Near the close a block of 30,793 shares (duplicated) crossed at $25.40
That was down from the prior block at $25.60 on 3,800 shares.
Business
INSW transports crude oil and petroleum products in the international shipping trade.
It operates a fleet of oceangoing vessels. It operates in two segments: Crude Tankers and Product Carriers.
The crude tankers provide ship-to-ship lightering support services and full-service STS lightering to customers in the U.S., Pacific, Grand Bahama, and Panama regions.
The product carriers handle refined petroleum product cargoes.
Charts
INSW's 12-month performance chart shows the stock up 70% versus a loss of 5% for the stock market.
Insider activity was not available.
INSW's long-term chart shows the stock rising from $52 back in 2018 to $99 by early 2020.
The stock then fell back to $32 in early 2020 when the stock market fell.
INSW has since rallied strongly back to $25.40. It is in a strong up trend.
INSW's daily chart shows the stock climbing from $16 back in March to $24 by May..
The stock then pulled back and the next few weeks formed a classic cup-and-handle base.
The breakout clears resistance at $24.97.
INSW's CCI momentum indicator is solidly bullish.
Earnings Outlook
This year, analysts forecast a big improvement in net. Net should come in at $3.25 a share from the loss of $2.24 the prior year.
Going out to 2023, they see a 36% increase in net to $4.42 a share from the anticipated $3.25 this year.
For the second quarter, analysts see a profit of $1.22 a share compared with a loss of 51 cents the prior year.
The company beat the Street estimate in the prior quarter by 9 cents a share.
Net for the third fourth quarter should jump to $1.24 a share from a loss of 63 cents the year before.
Strategy Opinion: TTD is targeting INSW for a move to $30.
A protective stop can be placed near $23.90.
Intermediate-Term Rating: Average.
Suitability: Aggressive Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
INSW scored big gains off recent breakouts. |
Response to Net |
Bullish |
INSW rose 9 times after 15 earnings reports. |
Seasonal Success |
Bullish |
INSW avg gain 1.1% in August, 0.5% in Sept.. |
Earnings Beats |
Bullish |
INSW beat net estimates 11 times after 20 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 |
8% |
5/2/2022 | 22.77 | 24.51 | 5/23/2022 |
47% |
9/20/2019 | 20.38 | 30 | 12/30/2019 |
(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 |
Long-Term Performance Chart |
12 - month Performance Chart vs. S&P 500 |
TTD's Breakout Stock
Griffon Corp. (GFF) - 32.22 Net to Surge 124% This Year |
New Fortress Energy Inc. (NFE) - 52.81 Net to Jump 269% This Year |
TTD's Feature Stock Under Accumulation
TTD's Quality Rating of Stock - LNTH - Average |
LNTH, based in North Billerica, Ma., provides imaging diagnostics and artificial intelligence solutions for medical research. Annual revenues: $425 million.
LNTH's stock moves higher and now is in position to breakout from its 11-week, cup-and-handle base.
TTD suggests accumulation in anticipation of a breakout.
So far today, LNTH is trading 1.4 million shares, the same as LNTH's average daily volume.
LNTH's stock moved higher in the morning and reached an intraday high of $83.93.
The stock then pulled back to $79 in the early afternoon.
It then trended sideways the rest of the day.
Tape Action
LNTH's tape action shows the recent block trades.
One can see the prices for LNTH's blocks rising from $78.57 in the prior session to as high as $83.58.
A key bullish trade came in the morning when a block of 11,594 shares crossed the tape at $79.01.
That was up from the prior block at $78.57 on 64,325 shares in the prior session.
Near the close a big block of 63,591 shares crossed at $79.19.
That was up from the prior trade at $79.13 on 100 shares.
Business
LNTH provides imaging diagnostics, targeted therapeutics, and artificial intelligence solutions for serious medical conditions.
The company's commercial products in three categories: precision diagnostics, radiopharmaceutical oncology, and strategic partnerships and other revenue.
Its products in its precision diagnostics category includes DEFINITY, TechneLite, NEUROLITE, Xenon-133, Cardiolite, Gallium-67 and Thallium-201. Its products in its radiopharmaceutical oncology category includes PYLARIFY and AZEDRA.
Charts
LNTH's 12-month performance chart shows the stock up 200% versus a 5% loss for the stock market.
Insider were recent buyers at $23,04 using stock options.
They were sellers at $57.38 to $49.96.
LNTH's long term-chart shows the stock climbing from $1.92 in 2016 to a peak at $28.48 by 2019.
The stock then fell back to $8.67 in early 2020 when the stock market fell.
LNTH then worked higher and this surged this year. .
LNTH's daily chart shows the stock rising from $50 in March to a peak at $74.17 by June.
The stock then pulled back and formed a cup-and-handle base.
The stock now needs to clear a breakpoint zone to clear its base.
The CCI momentum indicator is bullish.
Earnings Outlook
This year, analysts predict a 529% surge in net to $3.08 a share from the 49 cents the year before.
Going out to 2023, the Street sees an 18% increase in net to $3.62 a share from the anticipated $3.08 this year..
Net for the third quarter should leap 763% to 69 cents a share from the 8 cents the year before.
The company beat the Street estimate the prior four quarters by 19 cents a share, 51 cents, 8 cents and 2 cents.
For the fourth quarter, the Street predicts 188% surge in net to 72 cents a share from the 25 cents the year before.
Strategy Opinion: TTD suggests accumulation in LNTH in anticipation of a breakout over $81.40.
TTD is targeting LNTH for a move to $95 within the next few months after a breakout. A protective stop can be placed near $74 after a breakout.
Intermediate -Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
LNTH scored big gains off recent breakouts |
Response to Net |
Bullish |
LNTH rose 10 times after 15 earnings reports. |
Earnings Beats |
Bullish |
LNTH beat net estimates 16 times after 19 reports. |
Seasonal Success |
Bullish |
LNTH avg. gain 2.2% in Aug., breakevn 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 |
153% |
2/21/2022 |
31.33 | 79.19 | Still in play |
17% |
6/3/2019 |
24.49 | 28.72 | 7/12/2019 |
136% |
2/20/2017 |
9.97 | 23.48 | 1/8/2018 |
(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
Vertex Pharmaceutical Inc. (VRTX) - 293.95 Set a Stop Buy at 297.50 to Catch the Breakout Net to Rise 8% This Year |
Richardson Electronics Ltd. (RELL) - 16.91 Set a Stop Buy at 17.50 to Catch the Breakout Net to Rise 5% For Fiscal 2023 (May), 52% Next 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 - 3
Stocks Screened - 6,500
Long-Term Environment for Bears: Favorable.
Bear Side - Small list of shorts. Bears be conservative as stock market is rallying within a bear market.
TTD's Quality Rating of Stock - RETA - Below Average |
RETA, based in Palno, Tex., is a biotech firm developing, and commercializing therapies to treat life-threatening diseases. Annual revenues: $11.5 million.
RETA's stock falls sharply Monday and undercuts key technical support after reporting a quarterly loss.
So far today, RETA is trading a heavy 3.7 million shares, 18 times its average daily volume of 265,000 shares.
TTD sees more on the downside.
RETA's stock fell sharply in the morning and undercut support.
The stock touched an intraday low of $21.73 in the morning.
It then lifted to $25.88, pulled back slightly and then trended sideways the rest of the day.
In after hours trading, RETA was up 24 cents a share.
Tape Action
RETA's tape action shows the recent block trades.
One can see the price for the blocks declining from $27.02 in the morning to as low as $22 later in the morning.
A key bearish trade came in the morning when a block of 9,906 shares crossed the tape at $22..
That was down sharply from the prior block at $26.01 on 19,777.
At the close a block of 69,392 shares crossed at $24.06.
That was up from the prior block at $23.86 on 7,980 shares.
Business
RETA is working to provide small-molecule therapeutics with mechanisms of action to treat severe, life-threatening diseases with therapies.
Its lead programs are omaveloxolone in a neurological disease called Friedreich’s ataxia and bardoxolone methyl for rare forms of chronic kidney disease.
The Company’s lead product candidates activate the transcription factor Nrf2 to normalize mitochondrial function, restore redox balance, and resolve inflammation.
Charts
RETA's daily chart shows the stock gapping lower in the latest trading session. .
The move comes with big volume and was triggered by its loss for the second quarter and a drop in revenues.
The move comes with big volume.
That is bearish.
The CCI momentum indicator is very bearish.
Earnings:
This year, analysts project a loss of $8.34 a share compared with a loss of $8.19 the prior year.
Going out to 2023, the Street projects a loss of $6.50 a shares.
For the upcoming third quarter, analysts expect a loss of $2.30 a share and then in the fourth quarter a loss of $8.34 a share.
Strategy Opinion: TTD is targeting RETA for a decline to $19 within the next few months or sooner.
A protective stop buy can be placed near $25.50.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
Response to Net |
Bearish |
RETA rose 6 times after 15 earnings reports. |
Seasonal Success |
Bearish |
RETA avg. loss 11.5% in Aug., loss 3.5% 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.)