Ticker Tape Digest

Monday - October 17, 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.

   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 - October 14, 2022

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakout Stocks - 4

Quality of Breakouts - Below Average.

Stocks Screened -  6,500

Bull side - Small list of breakouts and very selective. Oil related stocks continue to act well.

Stock market - Dow daily chart now bullish. Other major averages remain bearish.

Comment - Market now trying to form a bottom. The key now will be earnings and how stocks respond. Bulls be conservative. Earnings now will be a key.

See Latest Earnings Reports -  A company that tops the Street earnings estimate has good chances to move higher. Key Earnings beats: ELS. HDB, BK BAC, MNSB.

Key Earnings Beats - Monday

Stock Market Momentum

(Daily is based on a moving average)

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action

(The “breakout List” gives all stocks breaking out of a base of five weeks or more. These stocks have a good chance to trend higher. However, a stop should be used to avoid those that do not work.

They are ranked according to percentage change and classified as leaders or other.

(Trading strategy: One should buy breakout stocks near breakpoint by using market order or stop buy.  They can also be bought soon after a follow through move, sometimes on an intraday pullback.

Breakouts

TTD Feature Breakout Stock

Ardmore Shipping Corp. (ASC) - 11.04, up 1.83, Breakpoint 10.55

Net To Surge This Year, TTD Targets 15

   ASC, based in Bermuda, operates ships that transport chemicals and petroleum. Annual revenues: $192 million. ASC's stock moves sharply higher Monday and breaks out from its 9-week flat base.

  So far today, ASC is trading a heavy 1.6 million shares, almost triple its average daily volume of 600,000 shares.

  TTD sees potential for more on the upside.

  ASC's stock moved higher in the morning and cleared its breakpoint.

  It reached around $11 and then trended sideways most of the day.

Late in the session it jumped to $11.13 but the pulled back.

In after-hours trading, the stock was up 5 cents a share.

 Tape Action

ASC's tape action via its AD chart shows strong buying in the morning as the stock advanced.

It then edged higher late in the day.

However, in the final hour there was significant selling.

So, one should be alert at the opening on Tuesday.

  Business 

ASC operates product and chemical tankers in worldwide trade. The Company provides shipping services to customers through voyage charters, time charters, and commercial pools.

The company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies.

Charts

 ASC's 12-month performance chart shows the stock up 160% versus a 15% loss for the stock market.

 Insiders activity was not available.

ASC's long-term chart shows the stock making a bottom at $3 back in 2020

The stock has since surged higher this year.

 ASC's daily chart shows the stock rising from $7 back in July to a peak at $10.55 by September.

 ASC now blows out of its base with expanding volume.

 The CCI  momentum indicator is strongly bullish.. 

  Earnings Outlook

 This  year , analysts predict ASC's net will leap to $2.69 a share from a loss of $1.11 the year before.

 Going out to 2023, the Street projects a 46% drop in net to $1.43 a share from the anticipated $2.69 this year.

 For the third quarter, they see net at $1.34 a share versus a loss of 37 cents  the year before.

Then in the fourth quarter net should come in at 66 cents a share against a loss of 26 cents the year before.

The company beat the Street estimate the past two quarters.

Strategy Opinion: TTD is targeting ASC for a move to $15 within the next few months. A protective stop can be placed near $9.50.

Intermediate -Term Rating: Average

Suitability:  Aggressive Bulls.

 TTD's special research of Stocks Prior Performance: