Go To TTD's Pre-Market Opening Breakout Watch List -Thursday, July 10
Go To TTD's Day Trades (win rate 80% for aggressive investors) for Thursday, July 10
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Go To TTD's Pre-Market Opening Breakout Watch List -Thursday, July 10 |
Go To TTD's Day Trades (win rate 80% for aggressive investors) for Thursday, July 10 |
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Go to TTD Stock Market Show For - July 10 Go to TTD Stock Market Shows for Latest Week: Monday - Tuesday - Wednesday - Thursday - Friday 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 breakout and Short Selling report.
It contains Breakout Stocks and Stocks under 
Significant Accumulation.
Data is from tape action for the day. These stocks are most suitable for aggressive investors seeking ideal entry points for leading stocks.
These stocks will do very well during bull markets and strong market rallies.
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 corrections
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.
TTD often suggests using stop buy orders to enter. It is very important to buy a breakout stock as close as possible to the break point. 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.
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: 1-480-926-1680.
TTD Quick Trade Stocks. 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 an 80% win rate.
Ticker Tape Digest's Midsession Stock Market Video Show(Posted 12:30 to 1 p.m. NYSE Time) Go to TTD Stock Market Show For July 10Go to Shows for Latest Week: Monday
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Friday
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Stocks Screened - 8,200
Bull side - Very few breakouts today as market turns choppy after big selloff on Wednesday. Bulls remain patient and watchful.
Long- term Environment for bulls: Neutral
Market Status (Daily) - NYSE Bearish, Nasdaq Bullish
Market Status (Weekly) -NYSE Bearish, Nasdaq Bullish
Market Status (Monthly) NYSE Bearish, Nasdaq Bullish
.CLR, based in Enid, Okla., is an oil and gas producer operating onshore in the U.S. Annual revenues: $690 million. CLR's stock soars today after the company reported a favorable well discovery. TTD highlighted CLR as a stock to accumulate in our TTD Pro report of Wednesday. 
The stock drove higher early in the session to emerge from a six-week flat base and hit a new high. 
TTD highlighted the stock at our midsession show on the Web. It continued to push even higher as the session progressed. So far, CLR is trading 4.3 million shares, triple its normal daily volume of 1.5 million shares.
TTD's clip from the tape shows a big block of 27,600 shares crossing on a nice up tick to $70 from the prior trade at $69.90.
CLR is one of the strongest energy stocks of the past few months. Since March it has soared from 25 to 76. TTD's performance chart shows CLR has appreciated an astounding 255% compared with a 15% drop in the S&P 500 index.
The company works the Rockies, Mid-Continent, and Gulf Coast.
CLR was setup in 1967. It came public in May 2007. The firm is more leveraged to oil prices, with oil accounting for 82% of 2007 average production of 29,100 barrels of oil equivalent per day. Year-end 2007 proved reserves were 135 million barrels of oil equivalent.
Today, the company reported results from its Mathistad 1-35H well completed in the
The Mathistad 1-35H commenced production on 
This is a second positive data point in our effort to
determine whether the
TTD's long-term chart shows the stock's sharp advance. It is in a powerful bull market phase.
The breakout today comes on a good expansion in volume. The stock's TTD momentum indicator has now turned bullish. The accumulation - distribution line (bottom of chart) has hit a new peak. That is good confirmation that the price advance is being supported by strong buying.
This year, analysts predict CLR's earnings will soar 93% to $2.84 a share from $1.47 a share a year ago. The company is benefiting from the high price of crude oil.
CLR's stock sells with a price-earnings ratio of 22 based on this year's projected earnings.
Next year, analysts look for a 29% gain in net to $3.65 a share.
CLR will report second quarter net July 29. The Street is forecasting a 99% leap in net to 68 cents a share from 34 cents a year ago. The highest estimate on the Street is at 74 cents a share. CLR tends to report 3 to 5 cents a share above consensus estimates. So, TTD sees chances for at least a mild upside surprise.
Looking ahead to the third quarter, profits are expected to climb 99% to 75 cents a share from 38 cents a year ago.
Strategy Opinion: CLR's breakout is impressive. The stock is a bit extended now. If one entered on the TTD accumulation point one can add to and complete a stock. However, if making an initial buy one should scale-in. The stock has good potential to move even higher. TTD is targeting CLR for a move to 88 within a few months or sooner. A protective stop can be placed near 75. TTD rates CLR a very good intermediate-term play provided earnings growth remains strong.
Sponsorship: Excellent. Some top rated funds have been recent buyers. Four star rated Fidelity Advisor Capital Development Fund was a recent buyer of 400,000 shares and 4-star rated AIM Multi-Sector Fund added 370,000 shares. The company has 169 million shares outstanding. Funds hold 8.5 million shares.
Insider Activity: Neutral. Not much insider activity this year Six analysts follow the stock, 3 have a buy, down from 4 three months.
Stock Performance Chart for the past 12 months versus the S&P 500 index.
| TTD's Breakout Profile
Rating Continental Resources Inc. - (CLR) |
| TTD Check List | Bullish | Bearish | Neutral |
| Near 52-week High | YES | ||
| Volume Expansion | YES | ||
| Tick Volume | YES | ||
| Price Trend - Daily | YES | ||
| Price Trend - Long Term | YES | ||
| Price Daily Spread | YES | ||
| Base Structure | YES | ||
| Base - A-D | YES | ||
| Earnings-Quarterly | YES | ||
| Earnings-Long Term | YES | ||
| Earnings Outlook | YES | ||
| Industry Group | YES | ||
| Prior Breakout Success | YES | ||
| Fund Sponsorship | YES | ||
| Total Score | 14 | 0 | 0 |
(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. (Trading strategy: One should buy breakout stocks at breakpoint by using market order or stop buy)
Charts of Breakout Stocks
Set a Stop Buy at 11.85 to Catch the Breakout
Profits to Climb 79% This Year, TTD Sees Move to 15
CRY, based in kennesaw, Ga., develops technology for cryo-preservation of viable human cardiovascular and orthopedic tissues for transplant. Annual revenues: $100 million. CRY is one of the better acting small-cap medical products stocks. This year, CRY has climbed from 6.65 to 12. The stock is now in a 10-week flat base. TTD is pickup up very bullish accumulation. With strong second quarter net coming, TTD suggests accumulation in anticipation of a breakout. 
So far today, CRY is trading a light 78,099 shares. Its average daily volume is 214,000 shares. The stock is up 12 cents a share so far. So, it continues to market time and hold its ground as the stock market remains volatile.
CRY showed bullish tape action in the morning. TTD's clip shows a block of 1,500 shares crossing the tape on a modest up tick to $10.75 from the prior trade at $10.72.
That trade was followed by a block of 4,300 shares at $10.75. The tape action would indicate clear institutional bargain hunting as the stock bases.
CRY uses proprietary processes to disinfect, preserve, store, and transport human heart valves, veins, and tissues used in cardiac, vascular, and orthopedic surgeries.
Tissues preserved using the company's cryogenic processes can be stored for extended periods while retaining viability for human implantation.
TTD's long-term chart of CRY shows the stock was 40 back in 2001. It then went into a decline. However, it has now turned up.
CRY's daily chart shows the stock rallying nicely from 7 earlier this year to 12, peaking in early May. The stock has since been in a basing pattern that has shown three pullbacks.
The last pull back was the sharpest. Overall, looking at the bar chart is not encouraging. However, TTD sees the key to the stock being its accumulation - distribution line.
The AD line remains in a strong up trend and is near a new peak. That means even though the price of the stock pulled back at times there was no heavy selling pressure. Instead, the stock continued to show good accumulation.
CRY is poised to show a strong second quarter. Analysts predict CRY will come in with an 80% increase in net to 9 cents a share from 5 cents a year ago.
The highest estimate on the Street is at 11 cents a share. TTD sees chances for a mild upside earnings surprise. The past three quarters, CRY topped the consensus estimate by one to two cents a share.
For year, profits should climb 59% to 41 cents a share from 26 cents a year ago. The stock sells with a price-earnings ratio of 26. TTD sees that as reasonable.
Strategy Opinion: CRY is a good looking small cap play with the potential to surprise on the upside. TTD suggests accumulation of a partial stake with further buying to be done on a move over 11.85. TTD is calling for the stock to advance to 15 within the next few months. A protective stop can be placed near 9.90. TTD rates CRY a good intermediate-term play provided earnings remain on course.
Sponsorship: Average. The largest fund holder is 3-star rated Bridgeway Ultra Small Company Market Fund with a 1.3% stake. Current large fund holders have been mostly holding their positions. CRY has 27 million shares outstanding. Funds hold 2.4 million shares.
Insider Activity: Neutral. Insiders have been buyers using stock options, but they have turned around and sold. Five analysts follow the stock, 3 have a buy, down from 4 three months ago.
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 so far today - 7
Stocks Screened - 8,200
Long-Term Environment for bears: Neutral
Bear Side - Small list of breakdown stocks today. Retail issues dominate list. TTD's short earlier this week, Orient Express Hotels (OEH) falls another 2.59 to 33.01. Gaming issues, prior TTD shorts, work lower. Las Vegas Sands (LVS) drops 2.57 to 35.58, MGM (MGM) 3.18 to 26.40 and Wynn Resorts (WYNN) 4.66 to 72.90.
(Trading strategy: These stocks can be sold short, or if held should be sold. If a stock is sold short, a protective stop buy should be placed. Short plays work best when the stock market is in a down trend.)
LEH, based in New York, is a full-service investment bank with worldwide operations. Annual revenues: $17.7 billion. LEH's stock breaks down today from a five week consolidation and makes a new 52-week low. The stock is part of the weak acting investment banking sector. Today's fall comes on volume of 101 million shares, about double the stock's normal daily volume of 56.7 million shares.
One of the largest trades of the session was a block of 498,100 shares that crossed on a big down tick to $16.75 from the prior trade at $16.90. The action showed institutional urgency to sell. That is very bearish.
LEH, like several other financial stocks, is acting weak due to credit concerns and falling profits.
Lehman provides services to the capital markets, investment banking, and asset management.
Capital markets includes equity and fixed-income trading, proprietary trading of Lehman's capital, and prime brokerage.
Investment banking operations cover merger and acquisition advisory services and capital-raising activities. Asset management provides advisory services for client assets in traditional and alternative asset classes.
This fiscal year ending November 30, analysts project that LEH will show a loss of $2.28 a share compared with a profit of $7.26 a year ago.
For the upcoming, fiscal third quarter ending August 30, the Street expects LEH's net to tumble 74% to 40 cents a share from $1.54 a year ago.
TTD's daily chart shows LEH's stock in a down trend. The stock's TTD momentum indicator (top of chart) is now bearish. The accumulation - distribution line is trending lower indicating clear selling pressure. TTD is targeting LEH for a drop to 14 within the next few months, or sooner. TTD sees LEH as a good trading short for aggressive bears.
TTD columnist Leo Fasciocco has covered the stock market for over 20 years. His articles appear in many publications. He is also a speaker at the Intershow 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: B. J. Owen at 1-480-926-1680. Distributed by Corona Publishing Enterprises. Ticker Tape Digest Inc. P.O. Box 2044 Chandler, Az. 85244-2044. TTD “Professional Report” is available on the World Wide Web: $100 per month. Password needed. “TTD Professional“ Faxed is $200 per month. The TTD Daily Report is $39.95. Credit cards accepted.
(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. Some of the charts are from Telescan, Insight Trading, First Alert and other sources.)
