Ticker Tape Digest

Professional Report

Friday - September 29, 2023

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.

Friday - September 29, 2023

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakout Stocks -  2

Quality of Breakouts -  Above Average

Stocks Screened -  6,500

Bull side -  Small list of breakouts as market falls slightly on Friday.  Now, third quarter for most companies is over. So, October has chances to be a more bullish month.

Stock market -  Major averages remain bearish daily and weekly. Key now will be to look for any earnings announcements.

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

Key Earnings Beats

None

Stock Market Momentum

(Data 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's Feature Breakout Stock

Abercrombie & Fitch Co. (ANF)  - 56.37, up 0.32, Breakpoint 55.62

Net to Rise Sharply for Fiscal 2024 (Jan.)

TTD Targets 65

   ANF, based in New Albany, Ohio,  is a specialty retailer of premium, high-quality casual apparel for men, women, and kids via 759 stores.  Annual revenues: $3.7 billion. ANF's stock moves higher Friday and breaks out from its 5-week, flat base.

 The move carries the stock to a 10-year high.

  TTD sees potential for more on the upside.

  ANF is trading 1.5 million shares.  That is about its average daily volume.

ANF's stock moved higher in the morning clearing its breakpoint line. It touched an intraday peak at $29.45.

The stock then backed off slightly and trended sideways for most of the day.

Near the close it showed good accumulation.

In after-hours trading, ANF was up 37 cents a share.

Tape Action

ANF's tape action shows good buying late in the prior session.

During Friday's action there was light buying.

Then late in the day volume picked up and the AD line rose.

That was bullish showing good bargain hunting.

Business

ANF is a retailer of of premium, high-quality casual apparel for men, women, and kids. It has 759 stores across North America, Europe, Asia and the Middle East, as well as the e-commerce sites www.abercrombie.com, www.abercrombiekids.com, www.hollisterco.com, www.gillyhicks.com and www.socialtourist.com..

ANF's line  includes knit and woven shirts, graphic T-shirts, fleece, jeans and woven pants, shorts, sweaters, outerwear, personal care products and accessories for men, women and kids.

Stock Chart Activity

ANF's 12- month performance chart shows the stock up a sensational 260% versus a 15% gain for the stock market.

 ANF's long-term chart shows thes tock dipping to a bear market low of $7.42 in early 2020.

The stock rallied back strongly to a peak $48.97 by late 2021.

The stock fell back to $14 last year. However, it has since bounced back to $56.

ANF's daily chart shows the stock climbing from $23 back in May to a peak at $38 by July.

It based and then worked to a peak at $55.

That was strong action.

The stock formed a classic 5-week, cup-and-handle base. It now breaks out.

The CCI momentum indicator is solidly bullish.

Earnings Outlook

This fiscal year ending in January of 2024, the Street projects a profit of $4.36 a share versus just 25 cents the year before.

Going out to fiscal 2025, they see a more modes 1% rise in net to $4.42 a share from the anticipated $4.36 this fiscal year.

Net for the fiscal third quarter ending in October should climb to $1.07 a share from a depressed 1 cent a share the year before.

Then in the fiscal fourth quarter ending in January net should leap 122% to $1.80 a share from the 81 cents the prior year.

Strategy Opinion: 

TTD is targeting ANF for a move to $65 within the next few months or sooner.

A protective stop can be placed near $52 now.

Intermediate -Term Rating:  Average

  TTD's special research of Stocks Prior Performance: