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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 - 5
Stocks Screened- 8,200
Bull side - Only a few breakouts today. Some techs in semiconductor sector working well. Bulls be selective as market still is vulnerable.
Long-Term Environment for bulls: Unfavorable.
Market Status (Daily) - NYSE Bullish, Nasdaq Bullish
Market Status (Weekly) - NYSE Bearish, Nasdaq Bearish
UCTT, based in Menlo Park, Ca., makes critical subsystems for the semiconductor capital equipment industry. Annual revenues: $148 million. UCTT breaks out from an eight-week, cup-and-handle base today. The move carries the stock to a new 52-week high. So far today, the stock is trading 558,048 shares. Its average daily volume is 795,000 shares.
UCTT Provides its customers an integrated outsourced solution for gas delivery systems and other subassemblies, improved design-to-delivery cycle times, component neutral design and manufacturing and component testing capabilities.
The company's customers are primarily original equipment manufacturers of semiconductor capital equipment.
UCTT's stock is acting extremely strong. While the genera stock market is trending lower now, UCTT's stock remain in a strong up trend. TTD's clip of the tape today of UCTT highlights a big block of 5,000 share that traded in the afternoon on a nice up tick to $17.65 from the prior trade at $17.60.
TTD's daily chart shows the clean breakout today. The stock's technicals are extremely strong. The TTD momentum indicator is strong bullish (see top of the chart).
The accumulation - distribution line has turned up strongly. (see bottom of the chart) That shows the stock's advance is being supported by good demand. The stock's long-term chart shows the solid up trend for the stock.
For the upcoming first quarter, UCTT has forecast net to be 22 to 27 cents a share. That is roughly a 100% improvement over the 12 cents a share earned a year ago. It said revenues should range between $102 to $110 million.
Gross margin for the fourth quarter of 2006 was 15.2%, compared to 14.8% for the third quarter of 2006, and 13.6% for the same period a year ago. The company is doing very well with its facility in Shanghai.
This year, UCTT's earnings should climb 33% to $1.11 a share from 83 cents a share a year ago. TTD sees the company with potential to top that estimate. The stock sells with a modest price-earnings ratio of just 15, which is half the growth rate in profits.
Going out to fiscal 2008, UCTT's profits should increase 37% to $1.51 a share. So, the long-term outlook for profits is excellent.
Strategy Opinion: UCTT's breakout today is impressive. TTD suggest a full position in UCTT. We are targeting the stock for a move to 22 within a few months. A protective stop can be placed near 15.80. TTD rates UCTT an excellent intermediate-term play because of the strong profit outlook.
Sponsorship: Excellent. The largest fund holder is 5-star rated Munder Micro-Cap Equity Fund with a 2.3% stake. It has held its position steady. Also 5-star rated Bridgeway Ultra Small Company Fund was a recent purchaser of 118,000 shares. There was not much selling recently by the top fund holders.
Insider Activity: Neutral. Light buying and selling by insiders who executed stock options. Four analysts follow the stock, 3 have a buy, while one is neutral.
| TTD's Breakout Profile
Rating Ultra Clean Holdings Inc. (UCTT) |
| 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)
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 - 3
Stocks Screened - 8,200
Long-Term Environment for bears: Favorable.
Bear Side - Small number of breakdown stocks today. Bears be patient and selective.
(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.)
CWST, based in Rutland, Vt., is a waste-service firm that provides collection, transfer, disposal and recycling services primarily in the northeastern United States. CWST falls sharply today in heavy trading to click in a short play. The stock's decline today was triggered by its report of a loss for the fiscal third quarter ended Jan. 31.
CWST reported a loss of 7 cents a share for the third quarter compared with a profit of 2 cents a share a year ago. Revenues rose 2% for the quarter. The company said results were hurt by the slowdown in the housing market and unseasonably warm weather.
So far today, CWST is trading 477,355 shares, five times its normal daily volume of 90,000 shares.
TTD's clip of the tape highlights a big block of 10,000 share that traded on a modest down tick to $9.85.
CWST's loss was a big surprise to the Street and the stock got punished. Most on the Street expected a breakeven. For the year, analysts see a loss.
Technically, CWST is acting very bearishly. The stock's TTD momentum indicator (top of the chart) is now in the bearish zone. Most importantly, the accumulation - distribution line is in a sharp down trend indicating clear selling pressure. TTD is targeting CWST for a decline to 6.50 within the next few months, or sooner.
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.)