Ticker Tape Digest

Wednesday - October 26, 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.

Wednesday - October 26, 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. Bulls be conservative.

Stock market - Major averages are bullish daily, and the Dow weekly. Other averages are bearish.

Comment -  Stock market rally is now running out of gas. Market vulnerable.

See Latest Earnings Reports -  A company that tops the Street earnings estimate has good chances to move higher.

Key Earnings Beats - Wednesday

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.

Breakout Stocks

TTD Features A Recent Breakout Stock

Esquire Financial Holdings Inc.  (ESQ) - 42.90, up 1.10, Breakpoint 41.62

Net to Surge 52%This Year, TTD Targets 50

   ESQ, based in Jericho, N.Y.,  operates through its subsidiary, Esquire Bank.Annual revenues $41.5 million. ESQ's stock moves higher Thursday clearing its 2-month, cup-and-handle base.

  So far today, ESQ is trading 62,044 shares, double its average daily volume of 32,000 shares.

  ESQ is a small cap play. However, TTD sees potential for more on the upside.

  ESQ's stock had a gap move higher in the morning to clear its base.

  The stock reached an intraday peak in the early afternoon.

  The stock then drifted back a bit in the afternoon. The stock was unchanged in after hours trading.   

  Tape Action

 ESQ's  tape action chart shows steady buying through most of the morning sending the stock slightly higher.

 In the afternoon, the stock showed light selling pressure.

 Late in the day, there was good buying near the close.

  Business 

ESQ operates through its subsidiary, Esquire Bank (the Bank.

The bank is a full-service commercial bank serving the financial needs of the legal industry and small businesses nationally, as well as retail customers in the New York.

The Bank offers tailored products and solutions to the legal community and their clients, as well as  payment processing to small businesses.

Its services include law firm banking services, merchant services, commercial real estate services, and business and personal banking services.

The Bank operates a payment processing platform through third party independent sales organizations.

Charts

  ESQ's 12-month performance chart shows the stock up 35% versus a 16% loss for the stock market.

  Insiders were buyers recently at $12.50 using stock options.

 They were sellers at $37 to $38 a share.

 ESQ's long-term chart shows the stock rising from $15 in 2017 to $29 by  2018.

 The stock then fell back to $10.83 in 2020 due to the bear market.

ESQ has since rallied strongly to $42.  

 FIX's daily chart shows the stock rising from $31 in June to a peak at $41 by August.

 The stock based  and now breaks out clearing a break point zone.   

The CCI  momentum indicator is strongly bullish.

  Earnings Outlook

 This year, analysts forecast a 52% jump in net to $3.21 a share from the $2.11 the prior year.

 For 2023, analysts predict a 19% gain in earnings to $3.81 a share from the anticipated $3.21 this year.

 For the fourth quarter, the Street predicts a 32% increase in net to 91 cents a share from the 69 cents the year before.

 Then in the first quarter of 2023 analysts expect a 35% rise in net to 89 cents a share from 66 cents the year before.

Strategy Opinion:  TTD is targeting ESQ for a move to $50 within the next few months or sooner.

A protective stop can be placed near $39.

Intermediate-Term Rating: Average.

Suitability:  Conservative Bulls.

TTD's special research of Stocks Prior Performance: 

    Stock's Prior Performance After a Breakout