Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for Thursday, February 14
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Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for Thursday, February 14 |
| Go to Video Show - "How to Make Money With Breakout Stocks" |
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TTD will not publish Friday. Market is closed Monday. We resume Tuesday.
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
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.
Total Buy Breakouts so far today - 5
Stocks Screened - 8,200
Bull side - Only a few breakouts today as market declines sharply. Bulls remain alert and selective. TTD's major indicators remain bullish.
Long-Term Environment for bulls: Neutral
Market Status (Daily) - NYSE Bullish, Nasdaq Bullish
Market Status (Weekly) -NYSE Bullish, Nasdaq Bullish
DVN, based in Oklahoma City, explores and produces gas and oil. Annual revenues: $11.4 billion. DVN, part of the strong acting, energy sector, breaks out from a 15-week, flat base which featured two shakouts to the downside. The stock's action today is good considering the stock market declined sharply. So far today, DVN is trading 4.2 million shares. Its average daily volume is 4.3 million shares.
DVN started to move higher early in the session. TTD highlighted the stock as a breakout at our midsession show on the Web.
TTD's clip of the tape shows very strong accumulation late on Wednesday and early Thursday.
A big block of 22,400 shares crossed the tape on Wednesday on an up tick to $93.10. That was followed Thursday morning with a block of 18,200 shares that crossed on an up tick to $93.60 from $93.31. That was a big jump and indicated aggressive institutional buying.
DVN was formed in 2003 from the merger of Devon and Ocean Energy.
The company is now one of the largest independent exploration and production companies in the U.S.
The firm produced 815 billion cubic feet of natural gas and 55 million barrels of oil. DVN's reserves are 60% natural gas and almost entirely in North America. Midstream and marketing operations accounted for about 16% of total revenue.
TTD's long-term chart of DVN shows the stock with a strong advance the past five years from 20 to 94. The stock remains in a strong up trend.
TTD's daily chart of DVN shows a flat base. The stock has been rallying strongly from a shakeout five weeks ago. The move higher coincides with the strong action in several oil plays. So, the stock is moving in tandem with the groups leaders.
DVN's TTD momentum indicator (top of the chart) is extremely bullish indicating good price and volume action.
The accumulation - distribution line is in a good up trend. Thus, it is showing good support for the price movement of the stock.
This year, analysts are forecasting a 36% increase in DVN's earnings to $8.14 a share from $6 a share a year ago. The stock sells with a price-earnings ratio of just 11 based on this year's projected profits. TTD sees that as low.
A key to the stock's near-term playability is that net for the first quarter should leap 61% to $2.04 a share from $1.27 a year ago. The highest estimate on the Street is at $2.47 a share. That indicates that some see potential for a big quarter. The prior quarter, DVN topped the consensus Street estimate by 27 cents a share.
Strategy Opinion: TTD is calling for DVN to advance to 115 within the next few months. A protective stop can be placed near 90. TTD rates DVN an average intermediate-term play.
Sponsorship: Good. Vanguard Total Stock market Index Fund, 4-star rated, was a key buyer recently picking up 142,000 shares. Also, 4-star rated Pincipal Investors Large-Cap Growth Fund added 203,000 shares.
Insider Activity: Slightly Bullish. Insiders have been slightly more buyers than sellers. Currently, 16 analysts follow the stock, 7 have a buy, 9 are neutral.
| TTD's Breakout Profile
Rating Devon Energy Inc. (DVN) |
| 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 | 12 | 0 | 2 |
(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
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 - 12
Stocks Screened - 8,200
Long-Term Environment for bears: Neutral
Bear Side - Large number of breakdown stocks today as stock market turns lower. Bears be venturesome looking for stocks with fundamental problems. TTD's short from Wednesday, Aftermarket Technology (ATAC) drops 1.27 to 20.71 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.)
KNOT, based in New York, provides online information about weddings and wedding products. Annual revenues: $100 million. KNOT falls sharply today in heavy trading after reporting a sharp decline in fourth quarter earnings. The stock has been in a sharp decline the past year falling from a peak 32. So far today trading in KNOT is running at 1.6 million shares, five times its normal daily volume of 316,000 shares.
TTD's clip of the tape shows heavy selling pressure early in the day. A big block of 10,600 shares crossed the tape on a down tick to $12.23 from the prior trade at $12.25. The action indicated clear institutional selling pressure.
The company's Theknot.com website offers a searchable database that draws on articles about wedding planning and has links to vendors across the United States.
This site also features a database of gown images, an online gift registry, wedding supplies and accessories, hosted chat rooms, and honeymoon travel packages.
KNOT reported fourth quarter net declined to 8 cents a share from 45 cents a year ago, which included a special gain. The earnings disappointed the Street. Analysts are looking for flat earnings in the first quarter this year.
TTD's chart of KNOT shows a gap drop on big volume today. That is technically very bearish. The stock's accumulation - distribution line is in a steady down trend indicating clear and continuous selling pressure the past few months. TTD is targeting KNOT for a decline to 9 within the next few months. TTD sees the stock as a good short 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.”
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.)
