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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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Total Buy Breakouts so far today - 20
Stocks Screened- 8,200
Bull side - Good number of breakouts as stock market rallies broadly. Several small cap tech plays breaking out that look good.
Long-Term Environment for bulls: Favorable.
Market Status (Daily) - NYSE Bullish, Nasdaq Bullish
Market Status (Weekly) - NYSE Bullish, Nasdaq Bullish
SMCR, based in Bridgewater, N.J., provides software and services that communications service providers use to manage tasks such as service activation and customer transactions including additions, subtractions, and changes to service plans. Annual revenues: $54 million. The company services Cingular which is a deal to work with Apple Inc. (AAPL) on its new iphone. Today, SNCR breaks out from a six-week flat base to hit a new high.
So far today, SNCR is trading 753,268 shares, about double its normal daily volume of 469,000 shares. The stock is showing good action late in the day. TTD's clip of the tape shows a big block of 5,000 shares crossing the tape on an up tick to $17.60 from the prior trade at $17.58.
TTD did pick up some blocks yesterday and early today that showed up with down ticks. So, one does need to be alert on this potential hot play.
SNCR's customers include AT&T Mobility (formerly Cingular), Vonage, Cablevision, and Time Warner Cable. The company is targeting service providers in markets including wireless and wireline communications, as well as Voice over Internet Protocol (VoIP).
TTDhighlighted SNCR when it broke out on January 10 on the Apple iphone news. (see TTD's chart) The stock afterwards drifted back and then formed another base. Now, it breaks out again. That is good action showing the stock remains in a solid up trend. It has climbed sharply from 6 about seven months ago to 17.
Currently, SNCR's TTD momentum indicator is strongly bullish (see top of the chart). The accumulation - distribution line has hit a new peak. That is good confirmation that the price advance is being supported by buying.
SNCR recently reported net for 2006 jumped 54% on a 51% gain in revenues. The company said its margins were at record levels. It said the firm was well situated to do well this year. Some analysts believe SNCR could benefit greatly if the iPhone is a big hit.
This year, analysts predict a 76% increase in SNCR's earnings to $1.62 a share from 92 cents a share a year ago. The stock sells with a price-earnings ratio of just 10 based on 2007 net. That is extremely low given the projected growth rate.
Net for the first quarter is projected to soar 233% to 20 cents a share from 6 cents a year ago. The highest estimate on the Street is at 27 cents a share. The company has tended to top its consensus Street estimate by one to four cents a share. If it does better than that the stock could do extremely well.
Strategy Opinion: SNCR's breakout is very impressive today. It says the stock wants to go higher after its prior breakout stalled a bit. With strong earnings coming and a low p/e ratio, SNCR has the potential to be a big winner. TTD is targeting SNCR for a move to 22 within the next few months. A protective stop can be placed near 15.50.
TTD rates SNCR an excellent intermediate-term play. If the iPhone works and SNCR participates the stock has potential to double within 12 months.
Sponsorship: Good. The largest fund holder is Janus Venture Fund, 4-star rated, with a 1.3% stake. The largest buyer recently was BlackRock Small Cap Growth II Fund which picked up 132,000 shares. There has been very little selling by the large fund holders.
Insider Activity: Neutral. Very little insider action this year. Four analysts follow the stock, 3 have a buy, one is neutral. SNCR is a small cap play. If it can get more of a following, it would be very bullish for the stock.
| TTD's Breakout Profile
Rating Synchronos Technologies Inc. (SNCR) |
| 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 - 6
Stocks Screened - 8,200
Long-Term Environment for bears: Unfavorable.
Bear Side - Just a few breakdowns today as market rises sharply. Bears be selective. TTD's short from Tuesday, Irobot (IRBT) falls 0.71 to 15.61 today.
(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.)
GPRO, based in San Diego, makes diagnostic tests to detect HIV, chlamydia, and other sexually transmitted diseases. Annual revenues: $306 million. GPRO falls sharply today after reporting flat earnings of 33 cents a share for the fourth quarter. The Street took news as a big negative sending the stock tumbling 3.40 points in heavy trading. TTD sees good chances for more on the downside for bears.
So far today, GPRO is trading 1.4 million shares, five times its normal daily volume of 264,000 shares. The stock got off to a bearish start in the morning. TTD's clip of the tape near the opening showed a big block of 9,470 shares that crossed on a big down tick to $50.04 from the prior trade at $50.25.
GPRO also makes diagnostics to detect a host of infectious, disease-causing bacteria and fungi, including tuberculosis and the streptococcus behind strep throat.
In addition, it makes products that screen donated blood for these diseases. Major blood suppliers The American Red Cross and America's Blood Centers use its products to screen more than 80% of the US blood supply. What makes its products significant is that they provide accurate results within hours, rather than traditional cultured tests which can take days.
A look at TTD's daily chart of GPRO shows the sharp breakdown today coming with a widening of the spread. That indicates that the selling pressure is significant being able to push the price lower. The stock had looked good, but now the key technical indicators are starting to weaken. TTD is calling for GPRO to decline to 40 within the next few months. We see the stock as a trading short and would look to take profits near the target area.
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 1-602-926-1680. 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.)