Daily - Go to TTD's Chart scroller of Breakout Stocks - Wednesday - August 24, 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 |
---|
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) |
---|
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 24, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 1
Quality of Breakouts - Average.
Stocks Screened - 6,500
Bull side - Only one breakout as stock market rises slightly.
Stock market - Major averages are bearish daily, weekly holds bullish but looks vulnerable.
Comment - Bulls be conservative as stock market is vulnerable to more on 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: EDAP, SPLK, DY, AMSWA and VSCO.
Stock Market Momentum
(Daily is based on a moving average)
Market (Daily) |
Market (Weekly) |
Market (Monthly) |
Dow - Bearish |
Dow - Bullish |
Dow - Bullish |
Nasdaq - Bearish |
Nasdaq - Bullish |
Nasdaq - Bearish |
S&P 500 - Bearish |
S&P 500 - Bullish |
S&P 500 - Bearish |
TTD's Quality Rating of Stock - CF - Average |
CF, based in Deerfield, Il., produces hydrogen and nitrogen products for clean energy, fertilizer, emissions abatement, and other industrial applications. Annual revenues: $6.5 billion.
CF's stock moves higher Wednesday and breaks out from its three-month, cup-and-handle base.
So far today, CF is trading 3 million shares. Its average daily volume is 2 million shares.
TTD sees potential for more on the upside.
CF's stock spiked higher in the morning to clear its breakpoint line.
The stock then trended sideways in the afternoon.
However, late in the day CF pushed higher to clear its breakpoint line with a pickup in intraday volume.
In after-hours trading, CF was up 35 cents a share.
Tape Action
CF's tape action shows the recent block trades.
One can see the price for CF's blocks rising from $109.18 in the morning to as high as $112.50 by the close.
A key bullish trade came in the morning when a block of 72,450 shares crossed the tape at $110.05.
That was up from the prior block at $109.18 on a big 22,334 shares..
Near the close a big block of 223,164 shares crossed at $112.50..
That was up from the prior block trade at 111.93 on 28,669 shares,
Business
CF makes hydrogen and nitrogen products for clean energy, fertilizer, emissions abatement, and other industrial applications.
The company operates nitrogen manufacturing complexes in the U.S., Canada and the U.K.
CF's primary nitrogen products are ammonia, granular urea, urea ammonium nitrate solution and ammonium nitrate..
Its core product is anhydrous ammonia (ammonia), which contains 82% nitrogen and 18% hydrogen.
Charts
CF's 12-month performance chart shows the stock up 140% versus a 5% loss for the stock market.
Insiders were buyers recently at $62.25 to $36.19 using stock options.
They were sellers at $94 to $101 a share.
CF's long-term chart shows the stock rising from $25 in 2017 to a peak at $56.51 by late 2018.
The stock then fell back to $20 by 2020 due in part to the bear market.
However, CF has since rallied strongly to $112.50. It has been a strong stock.
CF's daily chart shows the stock peaking near $110 in May and then falling back to $80.
It rallied back to $110 forming a cup -and-handle base.
CF now breaks out with a pick up in volume.
The CCI momentum indicator is strongly bullish.
Earnings Outlook
This year, analysts predict a 352% jump in net to $19.17 a share from the $4.24 the prior year.
For 2023, analysts project a 17% decline in earnings to $15.79 a share from the anticipated $19.17 this year.
For the third quarter, the Street predicts a 263% jump in net to $3.48 a share from the 96 cents the prior year.
Then in the fourth quarter analysts expect a more modest 27% rise in net to $4.72 a share from the $3.71 the year before.
Strategy Opinion: TTD is targeting CF for a move to $132 within the next few months or sooner. A protective stop can be placed near $107.
Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
CF scored big gains off its recent breakouts. |
Response to Net |
Bullish |
CF rose 9 times after 15 earnings reports. |
Earnings Beats |
Bullish |
CF beat net estimates 11 times after 20 reports. |
Seasonal Success |
Bearish |
CF avg. gain 6% in Sept, 7% loss in Oct. |
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 |
46% |
2/24/2022 | 75.50 | 110.03 | 4/18/2022 |
20% |
9/30/2021 | 56.28 | 67.57 | 11/18/2021 |
25% |
11/23/2020 | 36.56 | 45.74 | 1/12/2021 |
(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 Feature Stock Under Accumulation
TTD's Quality Rating of Stock - SYY - Average |
SYY, based in Houston, distributes food and related products to the food service or food-away-from-home industry. Annual revenues: $51.3 billion. SYY's stock moves higher Wednesday and is moving closer to a potential breakout..
So far today, SYY is trading 1.5 million shares. Its average daily volume is 2.3 million shares.
TTD suggests accumulation in anticipation of a breakout.
SYY's stock moved higher in the morning to $85.94
It fell back to $85.37 around noon.
However, the rest of the day SYY worked steadily higher. It closed near its high for the day.
SYY was down 27 cents a share in after hours trading.
Tape Action
SYY's tape action shows the recent block trades.
One can see the prices for the blocks rising from $65.42 at midday to as high as $86.07 late in the day..
A key bullish trade came in the morning when a block of 12,739 shares crossed the tape at $85.76.
That was up from the prior block at $85.74 on 5,498 shares.
Near the close a big block of 203,785 shares (duplicated) crossed the tape at $86.05.
That came on a sequence started from an up tick from $28.03 on 100 shares.
Business
SYY sells food and related products primarily to the foodservice or food-away-from-home industry.
It sells to restaurants, healthcare and educational facilities, lodging establishments and customers who prepare meals away from home.
Its products also include equipment and supplies for the foodservice and hospitality industries.
Charts
SYY's 12-month performance chart shows the stock up 10% versus an 8% loss for the stock market.
Insider were buyers at $52 to $58 a share using stock options. They bought in the open market at $80 a share.
They were sellers at $90 to $86 a share.
SYY's long-term chart shows the stock climbing from $44 in 2016 to a peak at $85 by late 2019.
However, the stock took a dive down to $26 during the bear market in early 2020.
Since, then SYY has worked higher to $86.05.
SYY had a pull back from $90 in April to $76, rallied and now is in a flat base.
The stock is now moving closer to its breakpoint at $90.
The CCI momentum indicator is moving higher.
Earnings Outlook
This fiscal year ending in June of next year, , analysts predict a 29% jump in earnings to $4.19 a share from the $3.25 a year ago.
Going out to fiscal 2023 ending in June, the Street predicts a 13% rise in net to $4.73 a share from the anticipated $4.19 this year.
For the fiscal first quarter ending in September, Net should rise 19% to 99 cents a share from 83 cents the prior year.
Quarterly earnings growth will accelerate,
Looking to the fourth quarter, the Street projects a 49% jump in net to 85 cents a share from the 57 cents the prior year.
Strategy Opinion: TTD suggests accumulation in SYY in anticipation of a breakout over $98.30.
TTD is targeting SYY for a move to $105 within the next few months after a breakout. A protective stop can be placed near $93 after a breakout.
Intermediate -Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
SYY scored small gains off recent breakouts. |
Response to Net |
Bullish |
SYY rose 8 times after 15 earnings report. |
Earnings Beats |
Bullish |
SYY beat net estimate 14 times in 20 quarters. |
Seasonal Success |
Bearish |
SYY avg. gain 1.8% in Sept., loss 3.4% in Oct.. |
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% |
2/9/2022 |
81.60 | 88.37 | 3/2/2022 |
5% |
4/21/2021 |
82.40 | 86.26 | 5/7/2021 |
14% |
11/30/2017 |
55.89 | 63.99 | 1/25/2018 |
(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.)
Long-Term Performance 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
Ulta Beauty Inc. (ULTA) - 412.02 Set a Stop Buy at 428 to Catch the Breakout Net to Rise 8% for Fiscal Second Quarter (July) |
AstraZeneca - (AZN) - 67.64 Set a Stop Buy at 69.50 to Catch the Breakout Net to Rise 24% 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 - 4
Stocks Screened - 6,500
Long-Term Environment for Bears: Neutral.
Bear Side - Small list of shorts, but some interesting plays for aggressive bears.
TTD's Quality Rating of Stock - SCSC - Below Average |
SCSC, based in Greenville, S.C. provides technology services for point of sale services. Annual revenues: $3.2 billion. SCSC's stock falls sharply Wednesday and undercuts key technical support.
So far today, SCSC is trading 1 million shares, about 10 times its average daily volume of 111,000 shares.
The company reported net for the second quarter of 91 cents a share. That was below the Street estimate of 94 cents a share.
That was the first earnings miss in eight quarters.
TTD sees more on the downside.
Tape Action
SCSC's tape action shows the recent block trades.
One can see the price for the blocks falling from $34.15 in the prior session to as low as $28.40 near the close.
A key bearish trade came in the morning when a block of 4,145 shares crossed at $30.78. That was down from the prior block at $34.15 on 17,010 shares in the prior session.
Business
Charts
SCSC's daily chart shows the stock gapping lower on big volume..
The move resumes the stock's down trend.
The stock bumped into upside resistance and turns down.
SCSC's CCI momentum indicator is bearish.
Earnings:
This fiscal year ending in June of 2023, analysts currently predict an 11% rise in net to $4.40 a share from the $3.97 the prior year.
For the fiscal first quarter ending in September, the Street expects flat earnings at 99 cents a share.
Then in the second quarter profits should be up 14% to $1.16 a share from $1.02 the prior year.
Strategy Opinion: TTD is targeting SCSC for a decline to $23 within the next few months or sooner.
A protective stop buy can be placed near $29.90.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
Response to Net |
Bearish |
SCSC rose 7 times after 15 earnings reports. |
Seasonal Success |
Bearish |
SCSC avg. loss 3.9% in Sept.., gain 1.8% in Oct. |
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.)