Daily - Go to TTD's Chart scroller of Breakout Stocks - Wednesday - February 9, 2022 |
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.
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 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.
Wednesday - February 9, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakout Stocks - 7
Quality of Breakouts - Average.
Stocks Screened - 12,400
Bull side - Selective list of breakouts.
Stock market - Major averages turn completely bullish, except for the weekly Nasdaq. However, it is close to being rated bullish.
Comment - Stock market is rallying across its trading range. Bulls be selective in new positions.
See Latest Earnings Reports - A company that tops the Street's highest earnings estimate has potential to go higher. Today's key earnings beats: CCI, PFGC, CHEF, CLSK, TEVA and FOXA.
Stock Market Momentum
(Daily is based on a moving average)
Market (Daily) |
Market (Weekly) |
Market (Monthly) |
Dow - Bullish |
Dow - Bullish |
Dow - Bullish |
Nasdaq - Bullish |
Nasdaq - Bearish |
Nasdaq - Bullish |
S&P 500 - Bullish |
S&P 500 - Bullish |
S&P 500 - Bullish |
TTD's Quality Rating of Stock - TECK - Above Average |
TECK, based in Vancouver, Canada, produces steel, coal and copper. Annual revenues: $8.9 billion. TECK's stock moves higher Wednesday and breaks out from its 5-week, cup-and-handle base.
So far today, TECK is trading a heavy 5.5 million shares. Its average daily volume is 4.9 million shares.
TTD sees potential for more on the upside.
TECK's stock moved higher in the morning and cleared its breakpoint line.
The stock peaked at $35.88 in the afternoon.
It then trended sideways. However, late in the day it pushed higher to near its high for the day.
The stock was up five cents a share in after-hours trading.
Tape Action
TECK's tape action shows the recent block trades.
One can see the price for the blocks rising from $35 in the morning to as high as $35.95 near the close.
That is a bullish tape pattern.
A key bullish trade came in the morning when a block of 8,000 shares crossed at $35.50
That was up from the prior block at $35 on 27,902 shares.
Near the close a big block of 69,098 shares crossed at $35.95.
That was up from the prior block at $35.93 on 15,100 shares.
Business
TECK is a mining firm . It produces steel making coal, copper, zinc and energy.
The company owns or has interests in 10 mines, a metallurgical complex, and several major development projects in the Americas.
Its Fording River Extension Project is a proposed extension of its existing Fording River steelmaking coal mine located in southeastern British Columbia.
Charts
TECK's 12-month performance chart shows the stock up 90% versus a 17% gain for the stock market.
TECK's insider activity was not available.
TECK's long-term chart shows the stock climbing from $2.58 in 2016 to a peak at $30.79 by early 2018.
The stock then fell back to $5.60 in early 2020 when the stock market tumbled.
Sine then the stock has rallied to $35.95 - a good comeback..
CB's daily chart shows the stock rising from $25 in October to a peak at $35 by January.
The stock fell back and rallied to form a base.
The stock breakouts out with good volume
The yellow line on the chart shows that earnings will be reported soon.
The CCI momentum indicator is strongly bullish.
Earnings Outlook
Net for 2021 is projected to surge 464% to $4.40 a share from the $78 cents the year before.
The stock has a current price-earnings ratio of 8. That is extremely attractive for value investors.
Going out to 2022, the Street projects a 14% rise in net to $5.03 a share from the anticipated $4.40 for 2021.
Quarterly net will be strong.
Net for the fourth quarter ending in December should jump 486% to $2.05 a share from the 35 cents the prior year.
For the first quarter this year, the Street projects a 206% leap in net to $1.47 a share from the 48 cents the year before.
Strategy Opinion: TTD is targeting TECK for a move to $42 within the next few months, or sooner A protective stop can be placed near $31.
Intermediate-Term Rating: Average.
Suitability: Aggressive Bulls.
TTD's special research of Stock's Prior Performance:
Breakout Success |
Bullish |
TECK scored some good gains off recent breakouts. |
Response to Net |
Bullish |
TECK rose 8 time after 15 earnings reports. |
Seasonal Success |
Bearish |
TECK avg. loss 0.1% in Feb., loss 9.7% in March. |
Earnings Beats |
Bearish |
TECK beat Street net estimate 9 times after 20 report. |
Stock's Prior Performance After A Breakout
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 |
11% |
9/21/2021 | 26.85 | 29.88 | 10/18/2021 |
15% |
5/5/2021 | 22.85 | 26.25 | 5/17/2021 |
33% |
11/27/2020 | 15.68 | 20.92 | 1/19/2021 |
25% |
9/11/2020 | 12.30 | 15.41 | 9/18/2020 |
(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. Sell point can be a cut below the 50-day M/A.)
Stock's Long-term Chart
Stock's Price Performance after Reporting Earnings
Stock Performance Chart with Quarterly Earnings Markers vs. S&P 500
Insider Buying in Green - Insider Selling in Red
Breakout Stocks
TTD's Quality Rating of Stock - OMC - Average |
TTD's Quality Rating of Stock - ATKR - Average |
TTD's Quality Rating of Stock - ASR - Average |
TTD's Quality Rating of Stock - EQH - Average |
Ticker Tape Digest’s
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 - 4
Stocks Screened - 12,234
Long-Term Environment for bears: Neutral.
Bear Side - Small list of shorts, but some interesting plays for aggressive bears.
TTD's Quality Rating of Stock - QNST - Below Average |
QNST, based in Foster City, Ca., is a digital marketing service firm. Annual revenues: $578 million. QNST's stock falls sharply Wednesday and under cuts key technical support.
The stock's breakdown was triggered by disappointing earnings.
TTD sees more on the downside.
So far today QNST is trading a heavy 3.2 million shares, 10 times its average daily volume of 304,00 shares.
TTD highlighted QNST as a short at our midsession video show on the Web.
QNST reported net for the fiscal second quarter ended in December of 6 cents a share. That was below the 8 cent estimate on the Street.
QNST's stock fell in the morning and undercut key support. It touched an intraday low of $10.15.
It lifted to around $11.50 during the day, but still finished below its support line.
In after-hours trading, QNST was up 11 cents a share.
Tape Action
QNST's tape action shows the recent block trades.
One can see the price for the blocks declining from $15.57 in the prior session to as low as $10.43 in the morning.
A key bearish trade came in the morning when a block of 39,535 shares (duplicated) crossed at $10.43.
That was down from the prior block the day before at $15.57 on 39,661 shares.
Business
QNST provides digital performance marketing products.
The company's services allows clients to engage internet digital media or traffic from a range of devices such as mobile, desktop and tablets, in multiple formats or types of media.
These forms of contact are the primary products, which the QNST sells to its clients, and include qualified leads, inquiries, clicks, calls and applications.
Charts
QNST's daily chart shows the stock trending sideways and then gapping lower on big volume.
The stock's CCI momentum is very bearish.
Earnings:
This fiscal year ending in June, the Street has been predicting a 24% increase in net to 82 cents a share from the 66 cents the year before.
However,the disappointing earnings report would indicate a potential decline in Street estimates.
Strategy Opinion: TTD is targeting QNST for a decline to $8.80 within the next few months or sooner.
A protective stop buy can be placed near $12
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
Response to Net |
Neutral |
QNST rose 7 times after 14 earnings reports. |
Seasonal Success |
Bearish |
QNST avg. loss 1.2% in Feb, loss 13.8% in March. |
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 1-480-704-3331 or 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.)