Daily - Go to TTD's     Chart scroller of  Breakout Stocks   -  Tuesday - November 8, 2022

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List  - Wednesday - November 9,  2022

Daily - Bullish Aggressive Investor - Go To TTD Quick-Swing Trades Setups (74% win rate) - Wednesday- November 9, 2022

Go To Prior Days TTD Reports



(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


{short description of image}

Ticker Tape Digest

Tuesday - November 8, 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.

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.

Quote or chart

   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.


Tuesday - November 8, 2022

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakout Stocks -  7

Quality of Breakouts - Above Average.

Stocks Screened -  6,500

Bull side - Very selective list of breakout stocks. Bulls be conservative.

Stock market - Major averages mixed. Dow is bullish in all time sectors. However, the Nasdaq is bearish in all time sectors. S&P bullish daily. Stock market is very mixed. The Nasdaq lag is significant.

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

Key "Earnings Beat" Stocks For Tuesday


Stock Market Momentum

(Data is based on a moving average)

Market (Daily)

 Market (Weekly)

 Market (Monthly)

 Dow - Bullish

 Dow - Bullish

 Dow - Bullish

 Nasdaq - Bearish

  Nasdaq - Bearish

Nasdaq - Bearish

   S&P 500 - Bullish

  S&P 500 - Bearish

  S&P 500 - Bearish





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 Feature Breakout Stock

Euronav (EURN) - 19.67, up 0.68, Breakpoint 19.20

Net to Rise This Year, Jump 171% in 2023, TTD Targets 25

      TTD's Quality Rating of Stock - EURN  -  Above Average

  EURN, based in Antwerpen, Belgium, engaged in the transportation and storage of crude oil and petroleum. Annual revenues: $420 million. EURN's stock moves higher Tuesday and breaks out from its 2-month, cup-and-handle base.

  The move carries the stock to a new all-time high. That is bullish.

  TTD sees potential for more on the upside.

  So far today, EURN is trading 705,013 shares. Its average daily volume is 1.1 million shares.

  EURN's stock surged higher in the morning and cleared its base.

The stock reached an intraday high of $19.80 in the morning.

  The stock backed off a bit in the afternoon, but then lifted late in the session.

  Tape Action

 EURN's  tape action chart shows good accumulation in the morning when the stock drove higher.

Then through the session there was just light selling.

Late in the day the stock came on again with very good accumulation.

That was very bullish.

  Business 

 EURN transports and stores crude oil and petroleum products.

The company provides shipping through its fleet of large tankers.

. Its group companies include Euronav Ship Management SAS, Euronav Shipping NV, Euronav Tankers NV, Euronav SAS, Euronav UK Ltd., Euronav Hong Kong Ltd. and Great Hope Enterprises Ltd.

Charts

 EURN's 12-month performance chart shows the stock up a big 95% versus a 19% loss for the stock market.

 EURN's long-term chart shows the stock rising from $7.20 in 2020 to a peak at $13.81 by 2022.

The stock based and then ran up to $19.20

It based once again.  

 The daily chart shows the stock climbing from $11 in July to $19.20 by September.

 EURN then pulled back and formed a cup-and-handle base.

 The breakout clears the base.

 The CCI  momentum indicator is strongly bullish. 

  Earnings Outlook

 This year, analysts predict a profit of 66 cents a sharer compared with a loss of $1.75 the prior year.

Going out to 2023, analysts predict a big 171% surge in net to $1.79 a share from the anticipated 66 cents this year.  

.For the third quarter, net should come in at 17 cents a share versus a loss of 53 cents the prior year.

Then in the fourth quarter net should jump to 84 cents a share against a loss of 38 cents the prior year.

Strategy Opinion: TTD is targeting EURN for a move to $25 within the next few months. A protective stop can be placed near $17.80.

Intermediate -Term Rating: Average.

Suitability:  Aggressive Bulls.

 TTD's special research of Stocks Prior Performance: 

Breakout Success

Bullish

EURN scored modest gains off recent breakouts.

Response to Net

Bullish

EURN rose 9 times after 15 earnings report.

Earnings Beats

Bullish

EURN beat net estimate 13 times in 20 quarters.

Seasonal Success

Bearish

EURN avg. gain 0.3% in Nov., loss 2.6% in Dec..


        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

               30 %

  8/1/2022

    14.32        18.57   9/20/2022

               17%

  10/7/2019

     9.55        11.13   10/31/2019

 

 

 


TTD's Feature Breakout Stock

 Long- Term Chart


Long-Term Performance Chart


12 - month Performance Chart vs. S&P 500


TTD's Breakout Stocks


Brigham Minerals Inc.  (MNRL)  - 34.97

Net to Surge 160% This Year


Gallagher (Arthur) & Co. (AJG)  - 192.39

Profits To Jump 42% This Year, 11% in 2023


Northwest Pipe Co. (NWPX)  - 35.04

Profits To Jump 75%This Year, 10% Next Year


Albany International Corp.  (AIN) - 99.74

Profits To Rise 3% This Year, 2% Next Year

 


TTD's Feature Stock Under Accumulation

(Trading strategy: Purchase of these stocks is done when either the stock is still in a base, or has emerged and is acting very bullish. Purchase while a stock still is basing should be a scale-in strategy with the final buying to be done on a breakout from a base. Buying of these stocks when they are trending higher can be done


Acadia Healthcare  (ACHC) - 79.25

Stop Buy at 86.20 to Catch the Breakout

Net To Rise 21% This Year, Climb 8% in 2023

       TTD's Quality Rating of Stock - ACHC  -   Above Average

  ACHC, based in Franklin, Ten., provides behavioral healthcare services in the U.S. Annual revenues: $2.3 billion. ACHC's stock moves higher Tuesday. It is moving into  position to potentially breakout from its 2-month flat base.

  So far today, ACHC is trading 665,752 shares. Its average daily volume is 673,000 shares.

  TTD suggests accumulation in anticipation of a breakout.

  ACHC's stock rose sharply in the morning getting to an intraday high of $80.67.

However, the stock back tracked to $78 in the afternoon.

But once again it rallied late in the day to finish with a small gain.

ACHC was unchanged in after-hours trading.  

  Tape Action

 ACHC's tape action shows good buying in the morning when the stock advanced .

When it declined in the afternoon, the selling was light.

However, near the close there was a dose of some heavy selling.

  Business 

ACHC provides behavioral healthcare services in the U.S.

It operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities and facilities providing outpatient behavioral healthcare services.

Its facilities that offer acute care services provide evaluation and crisis stabilization of patients with severe psychiatric diagnoses.

Charts

 ACHC's 12-month performance chart shows the stock up 25% versus an 18% loss for the stock market.

 Insider were buyers using stock options at $50.75.

They were sellers at $80.63 to $82.54.

 ACHC's long-term chart shows the stock declining from $54 back in 2017 to $28 by early 2020 when the bear market hit.

However, since then the stock has rallied strongly to a peak at $86. It is now basing.

 ACHC's  daily chart shows the stock rising from $65 in June to $85 by August

 The stock has since pulled back and been trending sideways.

  It is now starting to move across its base.

 The CCI  momentum indicator is working higher.

  Earnings Outlook

  This year, analysts forecast a 21% jump in net to $3.10 a share from the $2.56 the prior year.

  That gives the stock a p/e ratio of just 25.

  For 2023, analysts project a more modest 8% rise in earnings to $3.35 a share from the anticipated $3.10 this year.

   Net for the fourth quarter should rise 10%  to 74 cents a share from the 67 cents the prior year.

  For the fourth quarter, the Street predicts a 10% increase in net to 74 cents a share from the 67 cents the prior year.

Strategy Opinion: TTD suggests accumulation in ACHC in anticipation of a breakout. TTD is targeting ACHC for a move to $100 within the next few months or sooner after a breakout.

A protective stop can be placed near $75

Intermediate-Term Rating: Average.

 

TTD's special research of Stocks Prior Performance: 

Breakout Success

Bullish

ACHC scored good gains off recent breakouts.

Response to Net

Bullish

ACHC rose 10 times after 15 earnings reports.

Earnings Beats

Bullish

ACHC beat net estimates 13 times after 20 reports.

Seasonal Success

Bullish

ACHC avg. loss 0.8% in Nov., gain 1.4% in Dec.

 


                  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

              15%

     7/15/2022      73.90    85.23

   8/25/2022

              67%

     10/30/2020      32.87    54.89    2/4/2021

    (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.)


   Long-Term Performance Chart


 Stock's Price Performance after Reporting Earnings


Stock Performance Chart with Earnings Markers vs. S&P 500 -Insider Buying


TTD's Key Stocks Under Accumulation


Unitedhealth Group Inc. (UNH)  - 553.05

Set a Stop Buy at 555 to Catch the Breakout

Profits To Rise 16% This Year, 13% in 2023


Catalyst Pharmaceuticals Inc. (CPRX) - 15.33

Set a Stop Buy at 16 to Catch the Breakout

Net to Surge 89% This Year, Climb 21% in 2023

 


Ticker Tape Digest’s

Stocks To “Sell or Short

    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 - 9

Stocks Screened - 6,500

Long-Term Environment for Bears:  Favorable.

Bear Side -   Several big name stocks breaking down. aggressive bears can be venturesome.


List of Stocks To Sell or Short


TTD’s Feature Bear Play

Lumentum Holdings Inc. (LITE) 59, down 11.38

Drops Big After Posting Loss, TTD Sees Drop to 50

       TTD's Quality Rating of Stock - LITE  -  Below Average

   LITE, based in San Jose, Ca.,  is a provider of optical and photonic products used by cloud and data centers. Annual revenues: $1.7 billion. LITE's stock LITE's stock falls sharply Tuesday and undercuts key technical support.

  So far today, LITE is trading a heavy 5.9 million shares, seven times its average daily volume of 813,000 shares.

  TTD sees potential for more on the downside.

  LITE reported a profit of $1,69 a share on an adjusted basis. That was down from the $1.79 the prior year.

The company also said it expects part shortages to continue into next year.

LITE's stock gapped lower in the morning and undercut key technical support.

The stock tried to rally during the day, but faded in the afternoon.

 Tape Action

 LITE's  tape action chart shows clear distribution throughout the day.

 Near the close there was a pick up in selling.

 That bodes bearishly for the next session's opening.

  Business  

 LITE sells optical and photonic products. The company operates through two segments: Optical communications  and commercial lasers .

 The products cover components, modules and subsystems to support customers including carrier networks for access and submarine applications.

Its laser products are used  diode-pumped solid-state, fiber, diode, direct-diode and gas lasers, such as argon-ion and helium-neon lasers. The Company provides high-powered and ultrafast lasers too.

  Charts

  LITE's stock gapped to the downside on big volume. It had been in a down trend for two months and was trying to bottom and rally. However, it fails.

The CCI momentum indicator is extremely bearish.     

   Earnings:

 This fiscal year ending in June of next year, analysts have been forecasting  a 6% rise in net to $6.43 a share from the $6.05 the prior year.

 Going out to fiscal 2024, the Street sees a 19% rise in net to $7.64 a share from the anticipated $6.43 this year.

  For the fiscal first quarter ending in September, the Street predicts a 13% drop in net to $1.56 a share from the $1.79 the prior year.  

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

 A protective stop buy can be placed near $63.

Suitability: Aggressive Bears.

  TTD's Stock Probability research of Prior Performance:  

Response to Net

Bullish

LITE  rose 8 times after 15 earnings report 

Seasonal Success

Bullish

LITE  avg. loss 2.5% in Nov., gain 8.4% in Dec.

   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)

TTD takes no responsibility for trading by those using this information. The stocks presented in our report are those we deem the best looking Trade Setups for the long side. We take no responsibility for the accuracy of this data, although every effort is made to present the information correctly. Copyright Ticker Tape Digest.

Copyright --- Ticker Tape Digest - 2022


   TTD takes no responsibility for trading by those using this information. The stocks presented in our report are those we deem the best looking "Day Trades" for the long side. We take no responsibility for the accuracy of this data, although every effort is made to present the information correctly. 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.”

{short description of image}

   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.)