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Weekly - Bullish Conservative Investors - Go To TTD Long-Term Plays - Monday, June 17, 2019 |
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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 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.
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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) |
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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 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's Bargain Buy Trades - Long - Long Term. These are for conservative bullish Investors These long-term buys are ideally suited for entry into stocks on pull backs within overall up trend. These stocks can give a good return long-term especially during a bull market.
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: 1-480-926-1680.
Monday - June 17, 2019
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakouts - 14
Quality of Breakouts - Average
Stocks Screened - 12,234
Bull side - Bulls Large list of breakouts with some interesting plays for aggressive bulls.
Stock market - Market averages are bullish in all time sectors.
Comment - TTD sees the stock market in a basing pattern. It will be important to see if it can continue near-term rally.
See Latest Earnings Reports - A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats for Monday - ROX.
Stock Market Momentum
(Daily is based on a moving average)
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Market (Daily) |
Market (Weekly) |
Market (Monthly) |
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Dow - Bullish |
Dow - Bullish |
Dow - Bullish |
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Nasdaq - Bullish |
Nasdaq - Bullish |
Nasdaq - Bullish |
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S&P 500 - Bullish |
S&P 500 - Bullish |
S&P 500 - Bullish |
Ticker Tape Digest's 
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TTD's Quality Rating of Stock - NEO - ABOVE AVERAGE |
NEO, based in Fort Myers, Fla., operates a network of cancer-focused genetic testing laboratories. Annual revenues: $277 million. NEO's stock drives higher Monday and breaks out from its seven-week, cup-and-handle base. 
The stock hit a high of $24.25 during the day. It is close to topping its all-time high of $24.30 set a few days ago.
TTD sees potential for more on the upside. 
So far today, NEO is trading 1.4 million shares. Its average daily volume is $1.2 million shares.
NEO's stock broke out in the morning.
However, the stock pulled back and trended around its breakpoint line.
Then in the afternoon NEO cleared its breakpoint line and finished the day near its high for the session.
That is bullish.
Tape Action
NEO's tape action shows the stock's big block trades. One can see the price for the blocks climbing from $23.09 in the prior session to as high as $24.12. 
A key bullish trade came in the morning when a block of 18,621 shares (duplicated) crossed the tape at $23.45.
That was up from the prior block at $23.09 on 28,466 shares late in the prior session.
Near the close a massive block of 46,632 shares (duplicated) crossed at $24.10.
That came on a slight down tick from the prior trade in the sequence at $24.11 on 114 shares.
Business
The company provides testing services to hospitals, pathologists, oncologists and researchers.
It has labs in Ft. Myers and Tampa, Florida and also in Aliso Viejo, Fresno, Irvine, and West Sacramento, California. They are also in Houston and Nashville.
It offers testing services, which include: cytogenetics, fluorescence In-situ hybridization, flow cytometry, Immunohistochemistry, molecular testing and pathology consultation.
Charts
NEO's 12-month performance chart shows the stock up 82% versus an 8% gain for the stock market.
Insiders were recent buyers at $3.45 to $7.52. They were sellers at $22 to $23 a share recently.
NEO's long-term chart shows the stock climbing from $2.05 back in 2013 to a peak near $11.60 by 2017.
The stock pulled back and consolidated. It broke in 2018 and has since surged to an all-time of $24.30. 
NEO's daily chart shows the stock climbing from $15 back in January to a peak near $23.90 by May.
The stock put down a cup-and-handle base.
The breakout Monday just clears the base with a pick up in volume.
NEO's CCI momentum indicator (bottom of chart) is solidly bullish.
Earnings Outlook
This year, analysts are forecasting a 30% jump in net to 26 cents a share from the 20 cents the year before.
The stock sells with a price-earnings ratio of 92. That is high given the earnings growth rate.
Going out to 2020, the Street is predicting a 47% spurt in net to 39 cents a share from the anticipated 26 cents the year before.
Profits for the upcoming second quarter are expected to rise 20% to 6 cents a share from the 5 cents the year before.
Six analysts follow the stock. The highest estimate is at 7 cents a share.
Looking out to the third quarter. the Street predicts a 20% increase in net to 6 cents a share from the 5 cents the year before.
The company tends to top Street estimates for the quarter.
Strategy Opinion: TTD is targeting NEO for a move to 30 within the next few months, or sooner.
A protective stop can be placed near $22.50
Intermediate-Term Rating: Average
Suitability: Aggressive Bulls.
TTD's special research of Stock's Prior Performance:
Probability - Breakout Success - Extremely Bullish - NEO scored some massive gains off some of its recent breakouts. The stock is in a long-term up trend.
Probability - Earnings Response - Bullish - NEO rose 6 times after the past 8 earnings reports when there was a significant change in price.
Probability: Seasonal Success - Bullish. - NEO averaged a gain of 6.7% in June and a gain of 8.4% in July the past several years.
Stock's Prior Performance After A Breakout
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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 |
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41% |
2/13/2019 |
17.04 |
24.10 |
Still in play |
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23% |
10/26/2018 |
15.01 |
18.50 |
11/1/2018 |
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57% |
5/1/2018 |
9.49 |
14.87 |
8/6/2018 |
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14% |
8/30/2017 |
9.71 |
11.13 |
9/29/2017 |
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53% |
7/7/2014 |
3.81 |
5.86 |
9/10/2014 |
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40% |
7/27/2012 |
1.94 |
2.71 |
9/21/2012 |
(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.)
Stock's Long-term Chart
Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500
Insider Buying in Green - Insider Selling in Red
Stock's Monthly Seasonal Performance Chart - Past 5 Years
Showing % Months UP and % Change
| TTD's Breakout Profile Rating Neogenomics Inc. (NEO) |
| TTD Check List | Bullish | Bearish | Neutral |
| Near 52-week High | YES | ||
| Volume | 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 |
Charts of Selected Breakout Stocks
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TTD's Quality Rating of Stock - LULU - ABOVE AVERAGE |
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TTD's Quality Rating of Stock - CNTY - ABOVE AVERAGE |
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TTD's Quality Rating of Stock - WCG - AVERAGE |
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TTD's Quality Rating of Stock - ACM - AVERAGE |
Ticker Tape Digest provides a list of potential breakout stocks from our screen of companies that will show some of the strongest earnings gains. One of the best ways to play these stocks is to study the list and then place a stop buy order to catch the stock on the breakout.
One can take either a full position on the breakout if they are aggressive, or scale-in looking to add to the stake later if they are conservative. TTD's premarket breakout watch list gives you a great opportunity "to be prepared for the next key breakout stock just before it happens." The list will be updated daily and the screen monthly.
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)
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 - 2
Stocks Screened - 12,234
Long-Term Environment for bears: Unfavorable.
Bear Side - Small list of breakdown stocks. Bears be conservative.
BGNE, based in China, is a biotech firm working on treatments for cancer. Annual revenues: $214 million. BGNE's stock falls sharply Monday and undercuts key technical support. 
TTD sees more on the downside.
So far today, BGNE is trading 717,651 shares double its average daily volume of 284,000 shares.
BGNE's stock trended sideways through the morning.
Then in the early afternoon the stock broke to the downside and undercut key technical support.
The stock fell to an intraday low of 113.24. It closed near its low for the session. 
Tape Action
BGNE's tape action shows the recent block trades.
One can see the price for the blocks falling from $117.80 in the morning to as low as $113.99 by the close.
A key bearish trade came in the afternoon when a block of 20,700 shares crossed the tape at $114.61.
That was down from the prior block at $117.75 on 5,800 shares.
Business
BGNE is developing molecularly targeted and immuno-oncology drugs to treat cancer.
The company's main products include Zanubrutinib, Tislelizumab and Pamiparib.
Earnings:
This year, analysts are forecasting a loss of $13.16 a share compared with a loss of $12.15 the year before.
Looking out to 2020, the Street predicts a loss of $12.30 a share.
Charts:
BGNE's daily chart shows the stock cutting below key technical support with expanding volume.
The stock has been working lower the past 12-months.
BGNE's 12-month performance chart shows the stock down 30% versus a 5% gain for the stock market.
Strategy Opinion: TTD is targeting BGNE for a decline to $95 within the next few months, or sooner.
Suitability: Aggressive Bears.
TTD's probability research of Prior Performance:
Probability - Earnings Response - Bearish. - BGNE rose 2 times after the past 10 earnings reports when there was a significant change in price.
Probability: Seasonal Activity - Bullish - BGNE averaged a gain of 0.4% in June and a gain of 22.7% in July the past several years.
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TTD's Quality Rating of Stock - BGNE - BELOW AVERAGE |
Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500
Insider Buying in Green - Insider Selling in Red
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.”
For information to subscribe to the Ticker Tape Digest Services call: Beverly Owen at 1-480-878-8381 or 480-704-3331
Distributed by Corona Publishing Enterprises. TickerTape 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.)
