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Ticker Tape Digest

“Professional Report”

Wednesday - February 13, 2008


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 positions both as trades or for longer-term plays. These stocks

Quote or chart

will do very well during bear markets or market corrections

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. TTD often suggests using stop buy orders to enter. It is very important to buy a breakout stock as close as possible to the break point. 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.

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.


Breakout Stocks

Total Buy Breakouts so far today - 6

Stocks Screened - 8,200

Bull side -  Just a few breakouts today even though the stock market moved sharply higher. Bulls be alert and aggressive.

Long-Term Environment for bulls:  Neutral

Market Status (Daily) - NYSE Bullish, Nasdaq Bullish

Market Status (Weekly) -NYSE Bullish, Nasdaq Bullish


Today's Featured Stock

SPX Corp. (SPW) - 107.97,  up 2.80 - Breakpoint 106.50

Quarterly Profit Growth to Accelerate,  TTD Sees Moves to 130

  SPW, based in Charlotte, N.C., is a conglomerate with several product lines. Annual revenues: $4.9 billion. SPW breaks out from a 14-week, flat base today and moves into position to make a new high. It just needs to get over 110. If that occurs, it could well bring in more buying. So far today the stock is trading a light 485,739 shares, about half its normal daily volume of 924,000 shares.

SPW broke out of its base early in the session and was highlighted by TTD at our midsession show on the Web.

  TTD's clip of the tape shows a sequence in the afternoon when the stock moved higher on light volume.

The company's four segments of operations are flow technology, 22% of sales, test and measurement products, 26% of sales, thermal equipment and services, 33% of sales, and industrial products and services, 19% of sales.

The U.S. accounts for nearly 60% of total sales.

  TTD's long-term chart of SPW shows the stock in a major bull market. The past three years the stock has soared from 40 to 107.

  SPW's daily chart shows that SPW had a breakout from a base in early November. However, the breakout could only carry the stock as far as 110. It then slipped back and formed its present base.

  The subsequent base shows two shakeouts to the downside, the sharpest coming in January. However, SPW rallied back nicely. Notice on TTD's daily chart that SPW showed heavy volume near the low of the selloff and it came on an up day in price (blue)

  The action showed clear bargain hunting near the low. The stock then moved up and today edges out of its base.

  The stock's technicals are bullish. The TTD momentum indicator (top of chart) is modestly bullish. Most impressive, though, is the accumulation - distribution line (bottom of chart) which actually broke out a few sessions ago. That is a good lead indicator for a breakout.

  SPW should show an acceleration in quarterly earnings growth. That could be the key driver to send the stock even higher. For the fourth quarter, analysts expect net to rise 43% and then for the first quarter accelerate to 74%.

Net for the fourth quarter should come in on Feb. 27. The Street looks for $1.69 a share, up from $1.18 a year ago. The highest estimate on the Street is at $1.76 a share. TTD sees good chances for at least a modest upside surprise in earnings. The past three quarters, SPW topped the consensus estimate on earnings by 4 to 16 cents a share.

  Net for 2007 should soar 56% to $4.79 a share from $3.07 a share a year ago. The stock sells with a 22 price-earnings ratio. TTD sees that as low given the earrings outlook for this year. Analysts expect net for 2008 to rise 28% to $6.12 a share.

 Strategy Opinion: SPW looks solid on this breakout. What it needs in the next few sessions is a pick up in volume, aka more recognition. TTD is targeting the stock for a move to 130. A protective stop can be placed near 102. TTD rates SPW as a good intermediate-term play. The stock should be able to attract institutional buying.

  Sponsorship: Good. the largest fund buyer recently was 3-star rated Vanguard Explorer Fund, which picked up 191,000 shares. The largest fund holder is 3-star rated Fidelity Equity-Income Fund with a 4.1% stake. It was recently a seller of 391,000 shares.

  Insider Activity: Slightly Bullish. Insiders have been light buyers of the stock in recent months using stock options. Currently, 8 analysts follow the stock, 6 have a buy, up from 5 three months ago.



TTD's Breakout Profile Rating
SPX Corp.  (SPW)
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 11 0 3

All Timely Breakout Stocks From Tape Action Today

(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)


Charts of Breakout Stocks





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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 so far today - 11

Stocks Screened - 8,200

Long-Term Environment for bears: Neutral

Bear Side - Several good looking breakdown stocks today. Bears can be venturesome even though the stock market is rallying. Bears should focus on 'damaged stocks" to short.


List of Stocks To Sell or Short

(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.)


Commentary on TTD’s Feature Bear Play

Daktronics Inc. (DAKT) - 16.95, down 2.53

Profits Decline for Quarter, TTD Sees Slide to 12.50

  DAKT, based in Brookings, S.D., makes computer-programmable information-display systems. Annual revenues: $470 million. DAKT falls some 2 points today after reporting a decline in net for the fiscal third quarter ended Jan. 31. The stock gapped lower in the morning. So far today, volume is running at 2.3 million shares, five times its normal daily volume of 416,000 shares. TTD sees more on the downside to come.

  TTD's clip of the tape shows one of the largest trades of the day. It is a big block of 18,600 shares crossing at $17.15. The trade was in a sequence started by a down tick  from $17.16. TTD sees the tape action indicating heavy institutional selling pressure.

  DAKT's products include scoreboards and animation displays for sport facilities, displays for businesses, and government applications.

 The company's clients include casinos, athletic facilities, and departments of transportation.

  DAKT's profits were hurt by rising costs. It also said fiscal fourth quarter profits could miss analysts' estimates.

  Technically, the stock is wounded and falling. The stock had a big breakdown in November. Its TTD momentum indicator (top of chart) is bearish and the accumulation - distribution line is heading south indicating clear selling pressure. TTD is looking for DAKT to fall to 12.50. TTD sees the stock as a very good play for aggressive bears.



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.”

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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.)