|
|
|
Daily - Go to TTD's Chart scroller of Breakout Stocks - Wednesday - August 31, 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 |
|---|
(TTD does not publish Thursday (Attending Funeral) and Friday. The market is closed Monday. We resume Tuesday
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 31, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 0
Quality of Breakouts - None
Stocks Screened - 6,500
Bull side - No Breakouts as stock market falls sharply Wednesday
Stock market - Major averages bearish in all time sectors.
Comment - Bulls be patient and conservative. Bears can be venturesome.
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: PSTG, DBI and GEF.
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 |
Ticker Tape Digest's None
|
TTD's Quality Rating of Stock - BJ - Above Average |
BJ, based in Marlborough, Ma., is a warehouse club operator, which concentrates primarily on the east coast of the United States selling household goods and gasoline. Annual revenues: $16.7 billion.
BJ's stock moves higher Wednesday is acting strong afte breaking out two weeks ago.
The stock is close to a new all-time high. That is bullish.
TTD sees potential for more on the upside.
BJ's stock broke out 10-sessions ago with a gap move to the upside.
The stock faded back into its base. However, it now has reemerged from the base and is acting well. 
Wednesday, BJ fell to $72.42 in the morning.
However, the stock turned and rallied most of the day reaching an intraday high of $74.49.
It gave some ground near the close.
In after-hours trading the stock was down 92 cents a share.
Tape Action
BJ's tape action shows the recent block trades.
One can see the price for BJ's blocks rising from $73.30 in the morning to as high as $74.55 in the afternoon.
A key bullish trade came in the morning when a block of 6,000 shares crossed the tape at $74.10.
That was up from the prior block at $73.30 on 11,596 shares..
Near the close a big block of 220,293 shares crossed at $74.49.
That was up from the prior block trade at $74.41 on 30,300 shares.
Business
BJ is a warehouse club operator, primarily on the east coast of the U.S.
It sells grocery items, general merchandise, and gasoline.
The company sells meat, dairy, bakery, deli and frozen products, packaged foods, beverages, detergents, disinfectants, paper products, beauty care, adult and baby care, and pet foods.
The firm also sells tires, small appliances, televisions, electronics, seasonal goods, gift cards and apparel.
Charts
BJ's 12-month performance chart shows the stock up 32% versus a 12 loss for the stock market.
Insider were recent buyers at $27.59 to $25.07 using stock options.
They were sellers at $60 to $75 a share.
BJ 's long-term chart shows the stock climbing from 18.84 in 2020 to $74 by late 2021..
The stock formed a base and broke out, pulled back and now is coming on again. . 
BJ's daily chart shows the stock climbing from $52 in May to $71 by July.
The stock put down a flat base and then broke out with a gap move after reporting earnings.
It pulled back into its base, but has since reemerged.
The CCI momentum indicator is bullish.
Earnings Outlook
This fiscal year ending in January, analysts forecast an 11% rise in net to $3.60 a share from the $3.25 the prior year.
Going out to fiscal 2024, the Street projects a 7% rise in net to $3.86 a share from the anticipated $3.60 this fiscal year.
For the fiscal third quarter ending in October, the Street expects a 13% decline in net to 79 cents a sahre from the 91 cents the prior year.
However, the company beat the Street estimate the past four quarters by 23 cents a share, 14 cents, 5 cents and 10 cents.
Then in the fourth quarter ending in January, analyss predict a 6% rise in net to 85 cents a share from the 80 cents the year before.
Strategy Opinion: TTD is targeting BJS for a move to $85 within the next few months or sooner. A protective stop can be placed near $70. Its Intermediate-Term Rating: Average.
Suitability: Aggressive Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
BJ scored good gains off its recent breakouts. |
Response to Net |
Neutral |
BJ rose 7 times after 14 earnings reports. |
Earnings Beats |
Bullish |
BJ beat net estimates 16 times after 17 reports. |
Seasonal Success |
Bearish |
BJ avg. loss 5.1% in Sept, loss 3.9% 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 |
16% |
11/3/2021 | 60.03 | 69.61 | 11/19/2021 |
21% |
7/21/2021 | 48.77 | 58.98 | 9/22/2021 |
56% |
5/22/2020 | 30.23 | 47.11 | 8/24/2020 |
(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.)
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 - HURN - Average |
HURN, based in Chicago, provides advisory services to the healthcare, business and education industries. Annual revenues: $927 million. HURN's stock edges higher Wednesday bucking the stock market's sharp decline. 
TTD sees the stock in a good spot to be accumulated in anticipation of a breakout.
So far today HURN is trading 78,332 shares. Its average daily volume is 102,000 shares.
HURN's stock fell in the morning to daily low of $66.23.
The stock recover and worked to an intraday high of $67.13 in the afternoon.
It backed off a bit near the close.
Tape Action
HURN's tape action shows the recent block trades.
One can see the prices for the blocks rising from $66.61 in the morning to as high as $67.03 in the afternoon..
A key bullish trade came in the morning when a block of 567 shares crossed the tape at $66.94.
That was up from the prior block at $66.61 on 341 shares.
Near the close a big block of 13,460 shares crossed at $66.90.
That came on an up tick from the prior trade at $66.87 on 100 shares.
Business
HURN provides professional services through three operating segments: Healthcare, business advisory and education.
The healthcare segment serves providers and payors in hospitals and medicare centers. The business segment works with C-suite executives and leadership in healthcare, utilities, financial services, life sciences, industrials and manufacturing, education, and the public sector.
The education segment serves public and private colleges, academic medical centers, research institutes and other not-for-profit organizations.
Charts
HURN's 12-month performance chart shows the stock up 35% versus a 13% loss for the stock market.
Insider were buyers using stock options at $39.29 to $38.18 a share.
They were sellers at $45.92 to $67.60.
HURN's long-term chart shows the stock climbing from $29.52 in 2017 to a peak at $61.50 by 2022.
The stock then fell$35.15 in early 2020 due to the bear market.
HURN then worked it was back to 72.52 this August. .
HURN is now currently in a flat base.
It is at the lower end of the base and holding.
It had a good move higher recently when it reported earnings
The CCI momentum indicator is bearish. It needs to turn up
Earnings Outlook
This year, analysts predict a 26%increase in net to $3.28 a sahre from the $2.61 the prior year.
Going out to 2023, the Street sees a 20% rise in net to $3.92 a share from the anticipated $3.28 this year.
For the third quarter, net should climb 27% to 99 cents a share from the 78 cents the year before.
Then for the fourth quarter, the Street projects a 21% rise in net to 97 cents a share from the 80 cents the year before.
Strategy Opinion: TTD suggests accumulation in HURN in anticipation of a breakout over $72.70.
TTD is targeting HURN for a move to $84 within the next few months after a breakout. A protective stop can be placed near $64 after a breakout.
Intermediate -Term Rating: Average.
Suitability: Average Bulls.
TTD's special research of Stocks Prior Performance:
Breakout Success |
Bullish |
HURN scored goodgains off recent breakouts. |
Response to Net |
Bullish |
HURN rose 10 times after 15 earnings report. |
Earnings Beats |
Bullish |
HURN beat net estimate 14 times in 20 quarters. |
Seasonal Success |
Bullish |
HURN avg. loss 1% in Sept., gain 2.7% 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 |
22% |
4/8/2022 |
50.10 | 61.12 | 5/27/2022 |
10% |
10/20/2019 |
64.26 | 70.39 | 1/13/2020 |
13% |
7/10/2018 |
42.76 | 48.45 | 8/24/2018 |
(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
|
Mercer International (MERC) - 16.22 Set a Stop Buy at 17.50 to Catch the Breakout Net to Surge 57% This Year
|
|
Sensus Healthcare Inc. (SRTS) - 12.45 Set a Stop Buy at 15 to Catch the Breakout Net to Soar 516% 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 - 13
Stocks Screened - 6,500
Long-Term Environment for Bears: Favorable.
Bear Side - Lalrge list of shorts with some interesting plays for aggressive bears.
|
TTD's Quality Rating of Stock - SMP - Below Average |
SMP, based in Long Island City, N.Y., sells replacement parts for the automotive aftermarket industry with focus on agriculture, heavy-duty and construction equipment. Annual revenues $1.3 billion. 
SMP's stock falls sharply Wednesday and undercuts key technical support.
So far today SMP is trading 193,244 shares. Its average daily volume is 141,000 shares.
TTD sees potential for more on the downside. 
SMP's stock fell in the morning and undercut key technical support.
The stock worked to an intraday low of $36.34 in the afternoon.
It was unchanged in after-hours trading.
Tape Action
SMP's tape action shows the recent block trades.
One can see the price for the blocks declining from $38.95 in the morning to as low as $36,69 in the early afternoon.
A key bearish trade came in the morning when a block of 3.700 shares crossed at $39. That was down from the prior block at $39.17 on 1,324 shares.
Business
SMP repairs and services vehicles in the automotive aftermarket industry with focus on agriculture, heavy-duty and construction equipment.
The company operates through two segments: Engine Management and Temperature Control.
The engine Management makes and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors.
Temperature Control segment makes and remanufactures air conditioning compressors, air conditioning and heating parts, engine cooling system parts, power windows and windshield washer system parts. The company sells in the U.S., Canada, Europe, Asia, Mexico and other Latin American countries.
Charts
SMP's daily chart shows the stock cutting below key technical support at $37.34. 
The stock had been in a down trend from $48 back in early August.
It had a slight rally, but now rolls over.
The CCI momentum indicator is bearish.
Earnings:
This year, analysts expect a 9% drop in net to $4.07 a share from the $4.45 the prior year.
Going out to 2023, they expect a 12% rise in net to $4.57 a share from the anticipated $4.07 this year.
Net for the third quarter should be down 28% and in the fourth quarter down 30%.
Strategy Opinion: TTD is targeting SMP for a decline to $31 within the next few months or sooner.
A protective stop buy can be placed near $39.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
|
Response to Net |
Bearish |
SMP fell 9 times after 15 earnings reports. |
|
Seasonal Success |
Bullish |
SMP avg. gain 1.7% in Sept., 7.5% 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.)
