Ticker Tape Digest

Monday - March 1, 2021

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.

   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 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.

Monday - March 1, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  21

Quality of Breakouts -  Above Average.

Stocks Screened - 12,234

Bull side -  Large list of breakouts with some good looking plays.

Stock market  -  Major averages rally and are bullish in all time sectors, except for daily Nasdaq which is bearish.

Comment -  Stock market in a trading range now. Large list of breakouts. Aggressive bullish can be venturesome.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  XRAY, SMLR, CORE, ZM and MIDD.

Stock Market Momentum

(Daily is based on a moving average)

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action

(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.

They are ranked according to percentage change and classified as leaders or other.

(Trading strategy: One should buy breakout stocks near breakpoint by using market order or stop buy.  They can also be bought soon after a follow through move, sometimes on an intraday pullback. )  

Today's Featured TTD Breakout Stock

Globat SA (GLOB) - 232.11, up 17.39 - Breakpoint 230.33

Net To Climb 33% This Year, TTD Targets 280

  GLOB, based in Luxemboug, builds online systems and provides digital technology services. Annual revenues: $814 million. GLOB's stock drives higher Monday and breaks out from its nine-week, cup-and-handle base.

  The breakout clears a breakout zone.

  So far today, GLOB is trading 240,342 shares. Its average daily volume is 207,000 shares.

  GLOB's stock pushed higher and broke out in the late morning.

  The stock reached an intraday peak at $23.97 in the early afternoon.

  In after-hours trading, GLOB was up $2.39.

    Tape Action

  GLOB's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $214.72 in the prior session to as high as $233.50 in the afternoon.

  A key bullish trade came in the morning when a block of 2,607 shares crossed the tape at $220.01.

  That was up from the prior block in the prior session at $214.72 on 50,340 shares.

  Near the close a block of 13,324 shares crossed at $232.11.

  That came on down tick from the prior trade at $232.12 on 100 shares.

  Business

 GLOB' principal operating subsidiary is  in Buenos Aires, Argentina.

 The company builds digital systems which consists of different software products.

 They include mobile apps, Web apps, sensors and other software and hardware appliances that work orchestrated by a backend that uses big data and fast data to create a profile of each consumer.

 GLOB delivers digital information, which helps its customers stay tuned to their industries; Discover.

  Charts

  GLOB's 12-month performance chart shows the stock up 80% versus a 25% gain for the stock market.

  Insider activity was not available.

  GLOB's long-term chart shows the stock climbing from $11.30 back in 2014 to a peak at $141 by early 2020.

  The stock was dragged lower $70 in early 2020.

  However, since then GLOB has turned and rallied strongly to a recent all-time high of $244.

  GLOB's daily chart shows the stock forming a cup-and-handle base.

  The stock had a breakout intraday seven sessions ago.

  However, the stock was pulled back into the base.

  Monday, GLOB breaks out again clearing a breakpoint zone.

  The stock's CCI momentum indicator is solidly bullish.

   Earnings Outlook

  This year, analysts predict a 33% jump in net to $3.27 a share from $2.45 the prior year.

  The stock has a price-earnings ratio of 71. That is high.

  Looking out to 2022, the Street predicts a 21% increase in net to $3.97 a share from the anticipated $3.27 this year.

  Quarterly net will show an acceleration in growth. That is bullish.

  Net for the first quarter should rise 25% to 80 cents a share from 64 cents the prior year.

  The highest estimate from seven analysts is at 83 cents a share.

  Then in the second quarter, analysts expect a 53% spurt in profits to 78 cents a share from the 51 cents the prior year.   

Strategy Opinion:  TTD is targeting GLOB for a move to $280 within the next few months, or sooner.

A protective stop can be placed near $220.

Intermediate-Term Rating: Average.

Suitability:   Aggressive Bulls.

                                 TTD's special research of Stock's Prior Performance:  

           Stock's Prior Performance After A Breakout

(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.)

  Stock's Long-term Chart

   Stock's Price Performance after Reporting Earnings

 Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500

Insider Buying in Green  -  Insider Selling in Red

Charts of Selected Breakout Stocks

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  -  3

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Small list of breakouts as stock market snaps back with a strong rally.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Ontrak Inc.  (OTRK) - 31.62

Loses Aetna Contact, TTD Sees Fall to 25

  OTRK, based in Santa Monica, Ca., formerly Catasys, Inc., is an artificial intelligence (AI)-powered and telehealth-enabled, virtualized outpatient healthcare treatment company. Annual revenues: $35.1 million. OTRK's stock falls sharply Monday and undercuts key technical support.

  So far today OTRK is trading a heavy 10.4 million shares, 30 times its average daily volume of 360,000 shares.

  The big drop and selloff was due to the company losing its contract with Aetna.

 TTD highlighted OTRK as a share at our midsession video show on the Web.

  OTRK's stock fell in the morning and undercut key support.

  The stock fell to $30.10 in the morning. The stock then trended mostly sideways the rest of the day.

  It did lift in the afternoon to $33.46, but faded back.

  In after-hours trading, OTRK was up 28 cents a share.

  Tape Action

  OTRK's tape action shows the recent block trades.

  One can see the price for the blocks falling from $58.94 in the prior session to as low as $30 in the afternoon.

  A key bearish trade came in the morning when a block of 59,005 shares crossed the tape at $33.26.

  That was down sharply from the prior block on Friday at $58.94 on 13,505 shares.

   Business

 OTRK's Ontrak PRE (Predict-Recommend-Engage) platform  predicts people whose chronic disease will improve with behavior change, recommends care pathways that people are willing to follow, and engages people who are not getting the care they need.

The company’s integrated, technology-enabled OnTrak solution, which is designed to identify and treat members with behavioral conditions that cause or exacerbate chronic medical conditions such as diabetes, hypertension, coronary artery disease, chronic obstructive pulmonary disease, and congestive heart failure.

 Earnings:

  The Street predicts a loss of 93 cents a share for 2020 for OTRK and then a profit of 4 cents a share this year.

  However, the 2021 estimate may fall sharply into the red with the loss of its key contract.

  For the upcoming fourth quarter of 2020, analysts expect a loss of 18 cents a share compared with a loss of 39 cents the prior year.

Charts:  

  OTRK's daily chart shows the stock falling sharply in the morning and undercut key support.

  The stock has fallen from $98 back in February to $31.62. 

Strategy Opinion: TTD  is targeting OTRK for a decline to $25 within the next few months, or sooner. A protective stop buy can be placed near $33.50.

Suitability:  Aggressive Bears.

  TTD's Stock Probability research of Prior Performance:  

   Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500

Insider Buying in Green  - Insider Selling in Red

   TTD takes no responsibility for trading by those using this information. The stocks presented in our report are those we deem the best looking "Day Trades" for the long side. We take no responsibility for the accuracy of this data, although every effort is made to present the information correctly. Copyright Ticker Tape Digest. - 2021

    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.

   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.)