Ticker Tape Digest

Monday - September 28, 2020

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 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 - September 28, 2020

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  10

Quality of Breakouts -  Average.

Stocks Screened - 12,234

Bull side -  Some good looking breakouts for aggressive bulls.

Stock market  -  Major averages are still bearish with the daily Dow and S&P 500 index. Other averages are bullish.

Comment -  Stock market with key follow through rally monday. Now a good chance to move higher in coming sessions.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  THO, UNFI and SINA.

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. )  

Today's Featured TTD Breakout Stock

United Micro Electronics (UMC) - 4.96, up 0.73 - Breakpoint 4.49

Net To Soar 100% This Year, TTD Targets 6.70

  UMC, based in Taiwan, produces semiconductors. Annual revenues: 148 billion in Taiwanese new dollar. UMC's stock moves higher Monday and breaks out from  its 8-week, cup-and-handle base.

  The move carries the stock to a 12-year high.

  TTD sees potential for more on the upside.

  So far today, UMC is trading 4.2 million shares, double its average daily volume of 2.1 million shares.

  TTD highlighted UMC as a breakout at our midsession video show on the Web Monday.

  UMC's stock gapped higher in the morning and cleared its breakpoint line.

  The stock then edged higher the rest of the day. It closed near its high for the session.

  In after-hours trading, the stock was up 5 cents a share.

   Tape Action

  UMC's tape action shows the recent block trades.

  One can see the price for the blocks advancing from  $4.23 in the prior session to as high as $4.96 by the close.

  A key bullish trade came in the morning when a block of 89,249 shares crossed the tape at $4.76 a share.

  That was up from the prior block at $4.23 on 49,492 shares.

  Near the close a block of 67,417 shares crossed at $4.96.

  That was up from the prior block at $4.95 on 17,923 shares.   

 Business

 UMC is a global semiconductor foundry.

It provides integrated circuit production for the electronics industry.

 The company operates through two segments.

 The wafer fabrication segment makes chips to the design specifications of its customers by using its own processes and techniques.

  The company is engaged in maintenance of a customer base across various industries such as communication, consumer electronics, computer, memory and telecom.

  Charts

  UMC's 12-month performance chart shows the stock up 130% versus a 15% gain for the stock market.

  Insider activity was not available.

  UMC's long-term chart shows the stock in a trading range from 2011 through 2017.

  The stock broke out in 2018, but then faded back. It bottomed rallied back to close to $3. The stock has since spiked higher.

  UMC's  daily chart shows the stock advancing from $3 in July to a peak near $4.50.

  The stock pulled back and formed a classic cup-and-handle base.

  The breakout comes with a gap move and a pick up in volume.

  That is bullish.

  UMC's CCI momentum indicator is strongly bullish.

  Earnings Outlook

  This year, analysts project a 100% surge in net to 26 cents a share from 13 cents the prior year.

  The stock sells with a price-earnings ratio of 19.

  Looking out to 2021, the Street predicts a 19% increase in net to 31 cents a share from the anticipated 26 cents this year.

  Net for the third quarter should surge 250% to 7 cents a share from 2 cents the prior year.

  Then in the fourth quarter, net is expected to be up 40% to 7 cents a share from 5 cents the previous year.

Strategy Opinion:  TTD is targeting UMC for a move to 6.70 within the next few months, or sooner.

A protective stop can be placed near  $4.50.

Intermediate-Term Rating: Average.

Suitability:   Aggressive Bulls.

                                 TTD's special research of Stock's Prior Performance:  

           Stock's Prior Performance After A Breakout

(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 Price Performance after Reporting Earnings

 Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500

Insider Buying in Green  -  Insider Selling in Red

Charts of Selected Breakout Stocks

Ticker Tape Digest's

Pre-Market Breakout Watch List

Selections for - Tuesday - September 29, 2020

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.

TTD's Breakout Watch List Set up on September 5, 2020

Latest prices are September 28, 2020

Stocks with Gain in blue have surpassed their breakpoint and have broken out of their base

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.

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  -  3

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Small list of shorts. Bears be selective.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Eiger Biopharmaceuticals Inc. (EIGR) - 7.96

Loss Seen This Year and Next, TTD Sees Drop to 5.50

  EIGR, based in Palo Alto, Ca., is a biotech firm working on treatments for serious diseases. Annual revenues: Nil. EIGR's stock falls sharply Monday and undercuts key technical support.

  So far today, EIGR is trading 2.2 million shares, five times its average daily volume of 403,000 shares.

  TTD sees potential for more on the downside.

  Study for its SARS-CoV 2 showed no positive results.

  TTD highlighted EIGR as a short at our midsession video show on the web Monday.

  EIGR's stock moved lower in the morning and undercut key support. It fell to an intraday low $7.67 in the morning.

  The stock lifted to $8.73 around noon, but then it faded in the afternoon.

  Tape Action

  EIGR's tape action shows the recent block trades.

  One can see the price for the blocks falling from $9.89 in the prior session to as low as $7.80 in the morning.

  A key bearish trade came in the morning when a block of 10,000 shares crossed at $9.50.

  That was down from  the prior block at $9.89 on 23,905 shares the day before.

   Business

  EIGR  develops drugs for serious diseases.

  Its product candidate pipeline includes programs, including Lonafarnib, Peginterferon Lambda, LNF in Progeria and Progeroid Laminopathies, Avexitide.

  LNF is an orally bioavailable, farnesylation inhibitor in Phase-III clinical trials for Hepatitis Delta Virus infection.

Lambda stimulates immune responses that are critical for the development of host protection during viral infections.  

 Earnings:

  This year, the Street predicts a loss of $1.31 a share compared with a loss of $3.08 the prior year.

  Then in 2021, they see a loss of $1.45 a share.

  For the upcoming third quarter, analysts forecast a loss of 60 cents a share compared with a loss of 76 cents the prior year.

Charts:  

  EIGR's daily chart shows the stock cutting below key support with big volume.

  EIGR's 12-month performance chart shows the stock down 20% versus a 15% gain for the stock market.

  Insiders have not been active.

Strategy Opinion: TTD  is targeting EIGR for a decline to $5.50 within the next few months, or sooner. A protective stop buy can be placed near $8.80.

Suitability:  Aggressive Bears.

  TTD's Stock Probability research of Prior Performance:  

   Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500

Insider Buying in Green  - Insider Selling in Red

   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. - 2020

    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.

   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.)