Ticker Tape Digest

Monday - October 3, 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.

Monday - October 3, 2022

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakout Stocks -  3

Quality of Breakouts -  Below Average

Stocks Screened -  6,500

Bull side - Small list of breakouts even though the stock market rallies strongly

Stock market - Major averages are still bearish in all time sectors.

Comment - Stock market rallies sharply Monday. The key now for bulls is to see a follow through move. However, a big factor will be the report of earnings that will be coming in soon.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Monday's key earnings beats: None.

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.

Monday Breakouts  

TTD's Feature Breakout

Cross Country HealthCare Inc. (CCRN) - 31.84, up 3.44, Breakpoint 30.59

Net To Jump 57% This Year, TTD Targets 40.

  CCRN, based in Boca Raton, Fla., Nurse and physician staffing. Annual revenues: $1.7 billion. CCRN's stock drives higher Monday and breaks out from its 2-month, cup-and-handle base.

  So far today, CCRN is trading 1.3 million shares. Its average daily volume is 892,000 shares.

  The company completed the acquisition of two firms. - Mint Medical Physician Staffing lp and Lotus Medical Staffing LLc

  TTD sees potential for more on the upside.

  CCRN's stock moved higher in the morning and cleared its breakpoint at $30.59.  

  Tape Action

 CCRN's tape action showed modest buying early in the day.

However, in the prior session there was significant accumulation prior to the news.

Then late in the day there was selling, or profit taking.

  Business 

CCRN operates through two segments: Nurse and Allied Staffing and Physician Staffing.

 The nurse and allied Staffing provides staffing, recruiting, including temporary and permanent placement of travel and local nurses.

 The physician staffing segment provides physicians, nurse anesthetists, nurse practitioners, and physician assistants.

Charts

 CCRN's 12-month performance chart shows the stock up 45% versus a 15% loss for the stock market.

 Insider were recent buyers at $25 a share,.

. They were sellers at $28 a share.

  CCRN's long-term chart shows the stock rising from $4.50 in 2020 to a peak at $30.40 late 2021.

  The stock fell back to $15 this year.

  However, It rallied to $30.50 and now breaks out.

 The daily chart shows the stock rising from $16 in May to a peak at $30.59 in July.

 The stock pulled back and formed its cup-and-handle base.

  CCRN breaks out with a strong move.

 The CCI  momentum indicator is strongly bullish.

  Earnings Outlook

 This year, analysts predict a 57% jump in net to $4.79 a share from the $3.06 the prior year.

 Going out to 2023,  the Street sees a 37% decline in net to $3.03 a share.

 However, that estimate could be boosted.

 For the third quarter, net should jump 121% to $1.36 a share from the 61 cents the year before.

Then in the fourth quarter the Street sees a 32% drop in net to 95 cents a share from the $1.40 a share the year before.

Strategy Opinion: TTD is targeting CCRN for a move to $40 within the next few months.

 A protective stop can be placed at 28.50.

Intermediate -Term Rating: Average.

Suitability:  Aggressive Bulls.

 TTD's special research of Stocks Prior Performance: