Daily - Go to TTD's Chart scroller of Breakout Stocks - Monday - August 15, 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.
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 15, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 7
Quality of Breakouts - Average.
Stocks Screened - 6,500
Bull side - Market moves higher with good list of breakouts.
Stock market - Major averages are bullish in all time sectors, except for the monthly Nasdaq.
Comment - Some very good looking breakouts for aggressive bulls.
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: EMBC, FN, LIDR and FSI.
Stock Market Momentum
(Daily is based on a moving average)
Market (Daily) |
Market (Weekly) |
Market (Monthly) |
Dow - Bullish |
Dow - Bullish |
Dow - Bullish |
Nasdaq - Bullish |
Nasdaq - Bullish |
Nasdaq - Bearish |
S&P 500 - Bullish |
S&P 500 - Bull |
S&P 500 - Bullish |
TTD's Quality Rating of Stock - HUM - Average |
HUM, based Louisville, Ky. provides healthcare insurance services. Annual revenues: $83 billion. HUM's stock moves higher Monday and breaks out from its 5-week, cup-and-handle base.
So far today HUM is trading 472,680 shares. Its average daily volume is 744,000 shares.
TTD sees potential for more on the upside..
HUM is a big cap play. It has a beta of 0.77 versus 1.00 for the stock market. So, one needs to be patient.
HUM's stock broke out in the morning getting to an intraday high of $502.01.
The stock faded back, but then came on again.
HUM was down $1.61 in after hours trading.
So one needs to be watchful at the opening on Tuesday.
Tape Action
HUM's tape action shows the recent block trades.
One can see the price for HUM's blocks rising from $493.77 in the morning to as high as $500 later in the morning.
A key bullish trade came in the morning when a block of 1,000 shares crossed the tape at $496.35.
That was up from the prior block at $493.77 on 3,604 shares.
Near the close a big block of 38,187 shares crossed at $498.61..
That was down from the prior block at $498.63 on 1,591 shares.
Business
HUM provides medical insurance services It covers individuals or directly via group Medicare accounts.
It also includes its contract to administer the limited income newly eligible transition, prescription drug plan program and contracts with various states to provide Medicaid, dual eligible demonstration, and long-term support services benefits.
The Healthcare Services segment includes pharmacy, provider, and home services.
Charts
HUM's 12-month performance chart shows the stock up 20% versus a 5% loss for the stock market.
Insider have been buyers using stock options. Some bought at $268 to $397 a share
They were sellers at $401 to $457 a share..
HUM's long-term chart shows the stock rising from $189 in 2017 to $384 by early 2020.
The stock then dropped sharply to $208 due in part to the bear market.
HUM has since rallied strongly to $498.
HUM's daily chart shows the stock climbing from $420 in June to a peak near $497 by July.
The stock then based with a cup-and-handle setup.
It now breaks out with modest volume.
The CCI momentum indicator is strongly bullish.
Earnings Outlook
This year, analysts project a 20% Increase in net to $24.82 a share the $20.64 the prior year.
For 2023, analysts project a 12% increase in earnings to $27.77 a share from the anticipated $24.82 this year.
For the third quarter, the Street expects a 28% increase in net to $6.19 a share from $4.83 the prior year.
Then in the fourth quarter, the Street projects a 67% surge in net to $2.07 a share from the $1.24 the year before.
That is a bullish acceleration in quarterly earnings growth.
The company beat the Street estimate the past four quarters by $1 a share, $1.21, one cent and 22 cents.
Strategy Opinion: TTD is targeting HUM for a move to $570 within the next few months or sooner. A protective stop can be placed near $482.
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
HUM scored modest gains off recent breakouts. |
Response to Net |
Bullish |
HUM rose 10 times after 15 earnings reports. |
Earnings Beats |
Bullish |
HUM beat net estimates 20 times after 20 reports. |
Seasonal Success |
Bullish |
HUM avg. gain 1.2% in Aug, loss 2.9% 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 |
8% |
6/27/2022 | 462.87 | 498.61 | Still in play |
24% |
11/26/2019 | 303.45 | 375 | 1/8/2020 |
11% |
11/15/2016 | 191.48 | 212.64 | 11/30/2016 |
(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
AutoZone Inc. (AZO) - 2285.96 Net to Rise 21% for Fiscal 2022 (Aug.) |
Vertex Pharmaceutical (VRTX) - 305.53 Net to climb 9% This Year |
Pepsico Inc. (PEP) - 179.28 Net Rise 6% This Year, 8% Next Year |
MGE Energy Inc. (MGEE) - 85.70 Net to Rise 5% This Year, 7% in 2023 |
TTD's Feature Stock Under Accumulation
TTD's Quality Rating of Stock - NSSC - Average |
NSSC, based in Amityville, N.Y., makes electronic security devices, cellular communication services and school safety solutions. $114 million.
NSSC's stock moves higher Monday. It is in position to breakout from its 5-week, flat base.
TTD suggests accumulation in anticipation of a breakout.
So far today, NSSC is trading 82,589 shares. Its average daily volume is 163,000 shares.
NSSC's stock fell in the morning to an intraday low pf $25.87.
The stock then lifted to $26.54 and trended sideways most of the day.
Then late in the day NSSC lifted slightly.
The stock was unchanged in after-hours trading.
Tape Action
NSSC's tape action shows the recent block trades.
One can see the prices for the blocks rising from $25.88 in the morning to as high as $26.63 late in the day.
A key bullish trade came in the morning when a block of 1,389 shares crossed the tape at $26.47.
That was up from the prior block at $25.88 on 1,000 shares.
Near the close a block of 11,636 shares crossed at $26.58.
That was up from the prior block at $26.56 on 394 shares.
Business
NSSC makes electronic security devices, cellular communication services and school safety solutions.
It sells access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products.
The products are used by commercial, residential, institutional, industrial, and governmental applications, and are sold to independent distributors, dealers, and installers of security equipment.
The Company manufactures and markets various products for alarm systems, which include automatic communicators, control panels, combination control panels/digital communicators and digital keypad systems, fire alarm control panel and area detectors.
Charts
NSSC's 12-month performance chart shows the stock up 55% versus a 5% loss for the stock market.
Insider were buyers at $4.37 to $23.35 using stock options.
They were sellers at $41.88 to $42.04 a share.
NSSC's daily chart shows the stock rising from $16 in May to a peak near $26.73.
The stock has put down a flat base and is close to a breakout.
The CCI momentum indicator is bullish.
Earnings Outlook
This fiscal year ending in June, analysts project flat earnings of 41 cents a share.
Going out to fiscal 2023 ending in June, the Street predicts a 27% rise in net to 52 cents a share from the anticipated 41 cents this fiscal year.
Net for the fiscal fourth quarter ended in June should be down 36% to 9 cents a share from the 14 cents the year before.
For the fiscal first quarter ending in September, analysts see an 8% increase in net to 14 cents a share from 13 cents the year before.
Strategy Opinion: TTD suggests accumulation in NSSC in anticipation of a breakout over $26.90.
TTD is targeting NSSC for a move to $33 within the next few months after a breakout. A protective stop can be placed near $24.40 after a breakout.
Intermediate -Term Rating: Average.
Suitability: Aggressive Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
NSSC scored big gains off recent breakouts |
Response to Net |
Bullish |
NSSC rose 7 times after 11 earnings reports. |
Earnings Beats |
Bearish |
NSSC beat net estimates 5 times after 17 reports. |
Seasonal Success |
Bearish |
NSSC avg. gain 4.7% in Aug., loss 5.6% 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 |
41% |
9/14/2021 |
16.98 | 24 | 11/8/2021 |
16% |
3/1/2021 |
15.97 | 18.52 | 4/5/2021 |
23% |
2/5/2019 |
8.79 | 10.78 | 3/1/2019 |
(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.)
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
Cabot Corp. (CBT) - 76.75 Set a Stop Buy at 78.80 to Catch the Breakout Net to Rise 23% For Fiscal 2022 (Sept.) |
National Fuel Gas Co. - (NFG) - 72.47 Set a Stop Buy at 76.20 to Catch the Breakout Net to Jump 36% for fiscal 2022 (Sept) |
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 - 2
Stocks Screened - 6,500
Long-Term Environment for Bears: Neutral.
Bear Side - Small list of shorts. Bears be conservative as stock market rallies. .
TTD's Quality Rating of Stock - TARO - Below Average |
TARO, based in Haifa, Israel, produces some 200 drugs. Annual revenues: $561 million. TARO's stock declines Monday and undercuts key technical support.
So far today, TARO is trading 28,697 shares. Its average daily volume is 19,000 shares.
TTD sees potential for more on the downside.
TARO's stock moved lower in the morning and cut below its key support around midday.
The stock touched an intraday low of $32.15 late in the day.
It lifted slightly in the final hour. There was no change in after hours trading.
Tape Action
TARO's tape action shows the recent block trades.
One can see the price for the blocks declining from $34.74 in the prior session to as low as $32.78 on Monday.
A key bearish trade came on Friday when a block of 500 shares crossed the tape at $34.74.
That was down from the prior block at $34.51 on 373 shares in the day before.
At the close a block of 825 shares crossed at $33.26.
That was down from the prior block at $32.84 on 300 shares.
Business
TARO produces drugs. The company markets over 200 drugs in over 25 countries.
The company's owned product brands include Rokacet, with generic names, such as acetaminophen, codeine and caffeine; Topicort, with the generic name, desoximetasone; Etopan, with the generic name etodolac, and Ovide, with the generic name, malathion.
Charts
TARO's daily chart shows the stock trending lower from $47 in March down to $34 by June. .
The stock tried to rally but fell back.
Now it undercuts key technical support.
The CCI momentum indicator is very bearish.
Earnings:
This year,, analysts predict a 149% surge in net for the fiscal year ending in March of 2023 to $3.86 a share from the $1.55 the prior year.
Net for the fiscal second quarter ending in September should be up 42% to 94 cents a share from the 66 cents the previous year.
The company did miss earnings estimate the past two quarters by 48 cents a share and 15 cents.
Strategy Opinion: TTD is targeting TARO for a decline to $27 within the next few months or sooner.
A protective stop buy can be placed near $35.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
Response to Net |
Bearish |
TARO rose 2 times after 15 earnings reports. |
Seasonal Success |
Bearish |
TARO avg. loss 5.6% in Aug., loss 6.3% 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
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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.)