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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 positionsboth as trades or for longer-term plays. These stocks will do very well during bear markets or market corrections
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To email Leo leo@tickertapedigest.com.For service, email Beverly Owen owen@tickertapedigest.com. TTD’s Tel: 1-480-926-1680.
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Total Buy Breakouts so far today - 12
Stocks Screened- 8,200
Bull side - Good number of breakouts today. However, some are just holding on as the stock market heads sharply lower. Bulls be cautious and watchful of all positions.
Long-Term Environment for bulls: Favorable.
Market Status (Daily) - NYSE Bearish, Nasdaq Bearish
Market Status (Weekly) - NYSE Bullish, Nasdaq Bearish
BAP, based in Lima, Peru, is the holding company for several financial services companies operating in Latin America. Annual revenues: $705 million. BAP breaks out powerful today to hit a new high. The stock is a leader. Volume is running at 532,200 shares, double its normal daily volume of 237,000 shares.
BAP is active in commercial banking, insurance, investment, and other financial services through its stakes in Banco de Crédito, Peru's largest and oldest commercial bank.
Its El Pacífico-Peruano Suiza subsidiary sells a variety of insurance. Subsidiary Atlantic Security serves Peruvian private-banking customers in Panama.
BAP established Prima AFP, a private pension fund operator, in 2005, and acquired AFP Union, a Peruvian pension fund, from Banco Santander in 2006.
Today, the Central Reserve Bank of Peru started a process of raising the limits on foreign investments made by private pension funds to 13.5% from 12%.
A look at TTD's clip of the tape shows that BAP got off to a strong start in the morning.
A big block of 10,000 shares crossed the tape on a big up tick to $47.75 from the prior trade at $46.02. That was a big jump in price and showed very aggressive institutional buying.
Technically, BAP looks very good for bulls. The stock's TTD momentum indicator is strongly bullish. (see top of the chart). The accumulation - distribution line (bottom of the chart) has hit a new high. That is very good confirmation that the price rise in the stock is supported by strong buying.
This year, BAP's earnings should climb 26% to $3.58 a share from the anticipated $2.84 a share in 2006. The stock sells with a price-earnings ratio of 13. TTD sees that as low making BAP a very good value-growth play. That is because its earnings growth rate is well above the p/e ratio.
The company will report net for 2006 soon. The Street is expecting a 24% gain to $2.84 a share from the $2.28 in 2005.
Strategy Opinion: BAP is acting very strong supported by strong earnings. TTD suggests a full position on this breakout. We are calling for the stock to advance to 58 within a few months. A protective stop can be placed near 44.80. TTD rates BOP a very good intermediate-term play.
Sponsorship: Not available.
Insider Activity: Not available. Currently, 5 analysts follow the stock, 3 have a buy, up from 2 three months.
| TTD's Breakout Profile
Rating Credicorp Ltd. (BAP) |
| 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 |
(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)
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 - 8,200
Long-Term Environment for bears: Unfavorable.
Bear Side - Very few breakdowns even thought the stock market fall sharply. Bears be alert now. TTD's short play from Thursday, Amerco (UHAL) falls 3.94 to 66.04 today - a great short call.
(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.)
SHFL, based in Las Vegas, sells or leases more than 18,000 of its single- and multi-deck automatic card shuffling devices, which in addition to the company's chip sorting devices, help increase casino security. Annual revenues: $164 million. SHFL moves sharply lower today on a big expansion in volume. The action triggers a TTD short. So far today, SHFL is down 2 points. Volume is running at 3.5 million shares, five times its normal daily volume of 750,000 shares.
The selling pressure remains on the stock. A look at TTD's clip of the tape shows a big block of 15,000 shares crossing on a down tick at $25.10 in the afternoon from the prior trade at $25.11.
SHFL's stock has been acting weak. It peaked at 32 in December. Afterwards it fell to 25, had a burp rally and is now rolling over violently. That is just what bears want.
The company also develops table games with names like Let It Ride, Three Card Poker, Fortune Pai Gow Poker, Royal Match 21, and Casino War. About 3,600 of its table games can be found with the company's card shufflers. The private equity firm Wind Point Partners owns 66% of SHFL's stock.
SHFL is expected to show a weak fiscal first quarter ending Jan. 31. Profits should be up only 5% to 21 cents a share from 20 cents a year ago. The lowest estimate on the Street is at 18 cents a share. If that is violated - and it could happen - the stock should take a hit on the downside.
Technically, the stock looks good for bears. The TTD momentum indicator (top of the chart) is starting to dip into the bearish zone. The accumulation - distribution line has been trending lower for several months. That indicates steady selling. TTD is targeting SHFL for a decline to 20 within the next few months. TTD sees the stock as a good short trading play.
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.)