Daily - Go to TTD's Chart scroller of Breakout Stocks - Monday - August 29, 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 29, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 1
Quality of Breakouts - Above Average.
Stocks Screened - 6,500
Bull side - Only one breakout as stock market continues decline.
Stock market - Major averages are bearish in all time sectors.
Comment - Bulls need to be conservative and patient. September is one of the most bearish months of the year. So, one needs to be careful.
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: PDD, NSSC and GAMB
Stock Market Momentum
(Daily is based on a moving average)
Market (Daily) |
Market (Weekly) |
Market (Monthly) |
Dow - Bearish |
Dow - Bearish |
Dow - Bearish |
Nasdaq - Berish |
Nasdaq - Bearish |
Nasdaq - Bearish |
S&P 500 - Bearish |
S&P 500 - Bearish |
S&P 500 - Bearish |
4
TTD's Quality Rating of Stock - NSSC - Above Average |
NSSC, based in Amityville, N.Y., makes electronic security devices, cellular communication services and school safety solutions. Annual revenues: $114 million. NSSC's stock drives sharply higher Monday and breaks out from its 7-week, flat base.
The breakout was triggered by strong earnings. The company reported net for the fiscal fourth quarter ending in September of 20 cents a share, up from 15 cents the prior year.
TTD sees potential for more on the upside.
TTD highlighted NSSC as a breakout at our midsession video show.
So far today, NSSC is trading a heavy 532,810 shares, five times its average daily volume of 116,000 shares.
NSSC's stock spiked higher and cleared its base in the morning.
It worked higher to an intraday high of $28.86.
NSSC then backed off slightly and trended sideways the rest of the day.
The stock was down 9 cents a share in after-hours trading.
Tape Action
NSSC's tape action shows the recent block trades.
One can see the price for NSSC's blocks rising from $25.46 in the prior session to as high as $28.85 in the morning. .
A key bullish trade came in the morning when a block of 3,170 shares crossed the tape at $27.23..
That was up from the prior block at $25.46 on 15,413 shares..
Near the close a big block of 24,278 shares crossed at $28.46.
That was down from the prior trade at 28.47 on 08 shares.
Business
NSSC makes electronic security devices, cellular communication services and school safety solutions.
It offers a diversified security products, including 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.
Charts
NSSC's 12-month performance chart shows the stock up 42% versus a 10 loss for the stock market.
Insiders were buyers at $23 to $4.37 a share using stock options.
They have not done any recent selling.
NSSC's long-term chart shows the stock climbing from $3.70 in 2017 to $$17.45 by 2019..
The stock then fell back to $6.65 in 2020 when the stock market fell.
Since then, NSSC drove $28 this year.
NSSC's daily chart shows the stock climbing from $17 in May to a peak near $27 by July.
NSSC then formed a flat base. It had a breakout a few sessions ago, but backed off.
NOW NSSC drives out of its base on bullish earnings news.
The CCI momentum indicator is strongly bullish.
Earnings Outlook
This fiscal year ending in June of 2023, analysts forecast a 27% rise in net to 52 cents a share. That estimate could be boosted
For the fiscal first quarter ending in September, the Street expects an 8% rise in net to 14 cents a share from the 13 cents the year before.
Strategy Opinion: TTD is targeting NSSC for a move to $34 within the next few months or sooner. A protective stop can be placed near $26. Its Intermediate-Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
NSSC scored good gains off its recent breakouts. |
Response to Net |
Bullish |
NSSC rose 10 times after 14 earnings reports. |
Earnings Beats |
Bullish |
NSSC beat net estimates 11 times after 14 reports. |
Seasonal Success |
Bullish |
NSSC avg. loss 5.6% in Sept, gain 6.8% 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 |
31% |
9/10/2021 | 18.98 | 24.89 | 11/22/2021 |
16% |
3/1/2021 | 15.97 | 18.52 | 4/5/2021 |
20% |
2/5/2019 | 8.70 | 10.46 | 3/5/2019 |
(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 Feature Stock Under Accumulation
TTD's Quality Rating of Stock - PWR - Average |
PWR, based in Houston, provides infrastructure solutions for the electric and gas utility, communications, pipeline and energy industries in the U.S., Canada and Australia. Annual revenues: $13 billion.
PWR's stock moves modestly higher Monday. It is in position to breakout from its six-week, cup-and-handle base.
TTD suggests accumulation in anticipation of a breakout.
So far today, PWR is trading 654,359 shares. Its average daily volume is 955,000 shares.
PWR's stock fell in the morning but then turned and rallied strongly to an intraday high of $146.63.
The stock then faded back later in the afternoon. It finished with a small gain.
Tape Action
PWR's tape action shows the recent block trades.
One can see the prices for the blocks rising from $143 in the morning to as high as $145.89 in the afternoon.
A key bullish trade came in the morning when a block of 1,941 shares crossed the tape at $145.55.
That was up from the prior block at $143 on 2,065 shares in the prior session.
Near the close a big block of 51,601 shares crossed at $144.87.
That was down from the prior block at $145.25 on 3,099 shares.
Business
PWR provides contracting services, delivering infrastructure solutions for the electric and gas utility, communications, pipeline and energy industries in the United States, Canada, Australia and select other international markets.
The Electric Power Infrastructure Solutions segment provides network solutions to customers in the electric power and other industries, which include design, procurement, repair and maintenance for electric power transmission.
The Renewable Energy Infrastructure Solutions segment provides infrastructure solutions, including engineering, procurement, and repair and maintenance for renewable generation facilities, such as wind, solar, and hydropower generation facilities and battery storage facilities.
Charts
PWR's 12-month performance chart shows the stock up 40% versus a 10% loss for the stock market.
Insider were buyers using stock options. The price was not disclosed.
They were sellers at $110 to $136 a share.
PWR's long-term chart shows the stock climbing from $16.77 in 2016 to a peak at $38 by 2017.
The stock then trended sideways to late 2020. .
Then PWR turned and rallied strongly the past two-years to $144.87.
PWR's daily chart shows the stock climbing from $110 in May to a peak at $147 by July.
The stock formed a cup-and-handle base.
It broke out, but then pulled back. TTD has set up a breakpoint zone for PWR to clear.
The CCI momentum indicator is modestly bullish.
Earnings Outlook
This year, analysts project a 27% jump in earnings to $6.26 a share from the $4.92 a year ago.
Going out to 2023, the Street sees a modest 11% rise in net to $6.98 a share from the anticipated $6.26 this year.
For the third quarter, net should jump 20% to $1.77 a share from the $1.58 the prior year.
Then for the fourth quarter, the Street is calling for a modest 3% rise in net to $1.59 a share from the $1.54 the previous year.
Strategy Opinion: TTD suggests accumulation in PWR in anticipation of a breakout over $149.90.
TTD is targeting PWR for a move to $175 within the next few months after a breakout. A protective stop can be placed near $138 after a breakout.
Intermediate -Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
PWR scored modest gains off recent breakouts. |
Response to Net |
Bullish |
PWR rose 9 times after 15 earnings report. |
Earnings Beats |
Bullish |
PWR beat net estimate 16 times in 20 quarters. |
Seasonal Success |
Bullish |
PWR avg. gain 5.7% in Sept., 7.3% 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 |
13% |
3/17/2022 |
123.20 | 138.91 | 4/19/2022 |
16% |
8/27/2021 |
101.77 | 118.17 | 9/15/2021 |
19% |
8/6/2020 |
43.26 | 51.50 | 9/3/2020 |
(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
National Fuel Gas Co. (NFG) - 73.36 Set a Stop Buy at 76.20 to Catch the Breakout Net to Climb 38% for Fiscal 2022 (Sept.) |
Cabot Corp. (CBT) - 74.98 Set a Stop Buy at 78.90 to Catch the Breakout Net to Rise 24% 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 - 21 - Stocks Screened - 6,500
Long-Term Environment for Bears: 17
Bear Side - Large list of shorts with several interesting plays. Aggressive bears can be venturesome.
TTD's Quality Rating of Stock - XRAY - Below Average |
XRAY, based in York, makes professional dental products and provides technologies. Annual revenues: $4.3 billion. XRAY's stock moves lower Monday and undercuts key technical support.
So far today, XRAY is trading 1.6 million shares. Its average daily volume is 2 million shares.
TTD sees more on the downside.
XRAY's stock moved lower in the morning and undercut key technical support.
The stock touched 33 at midday and then trended sideways the rest of the day.
XRAY was unchanged in after hours trading.
Tape Action
XRAY's tape action shows the recent block trades.
One can see the price for the blocks falling from $33.61 in the prior session to as low as $33.04 in the afternoon.
A key bearish trade came in the morning when a block of 9,426 shares crossed at $33.56. That was down from the prior block at $33.01 on 3,413 shares in the prior session.
Business
XRAY makes professional dental products and technologies.
The company develops,dental consumable products. Its products include dental implants, computer-aided design/computer-aided manufacturing systems, orthodontic products, imaging systems, instruments, as well as consumable medical device products.
Charts
XRAY's daily chart shows the stock cutting below key technical support at $33.81.
The stock had been in a down trend from $47.31 back in April
It tried to get support at $33.18, but the stock breaks down.
XRAY's CCI momentum indicator is bearish.
XRAY was unchanged in after hours trading.
Earnings:
This year, analysts expect a 17% drop in earnings to $2.39 a share from the $2.87 the prior year.
loss of $1.30 a share compared with a loss of $1.30 the prior year.
Going out to fiscal 2024, they expect a 10% rise in net to $2.64 a share from the anticipated $2.39 this year.
For the fiscal second quarter, the Street expects a 24% drop in net to 54 cents a share from the 71 cents the prior year.
Then in the third quarter, they expect a 9% drop in net to 62 cents a share from the 68 cents the previous year.
Strategy Opinion: TTD is targeting XRAY 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 |
Bullish |
XRAY rose 15 times after 20 earnings reports. |
Seasonal Success |
Bearish |
XRAY avg. loss 2.7% in Sept., gain 0.2% 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
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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.)