Daily - Go to TTD's Tape of Stock Charts - Wednesday, March 9
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Daily - Go to TTD's Tape of Stock Charts - Wednesday, March 9 |
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Weekly - Bullish Conservative Investors - Go To TTD Long-Term Plays - Monday, March 7 |
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Go to Video Show - "How to Make Money With Breakout Stocks" Go to Video Show -TTD Performance 2008 Long and Short |
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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 trades. We also feature stocks under 
Significant Accumulation that are poised to breakout.
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Ticker Tape Digest's Trading Strategies Overview and Performance Bullish Aggressive Investors Bullish - "Breakout Stocks" - ideally suited for bull markets and special situation stocks. Potential for large returns. Aggressive Investor Bullish- "Quick Trade Stocks" -ideally suited for entry into top performing issues looking for a small quick profit." Conservative Investors "Bargain Buy Trades for the Long Term." Ideally suited for entry into top performing big cap stocks on pullbacks within overall up trend. Bearish Aggressive Bearish Investors - "Breakdown Stocks" to Sell Short. Ideally suited for bear markets or market pull backs. Potential for large returns |
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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.
1 - TTD's Breakout Stocks - Long - (Intermediate-term long plays) these 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.
2 -TTD Quick Trade Stocks - Long - (Short-term long plays 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.
3 - TTD's Bargain Buy Trades - Long - (Long Term long plays. These are for conservative bullish Investors These long-term buys are ideally suited for entry into stocks on pull backs within overall up trend. These stocks can give a good return long-term especially during a bull market.
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.
4 - 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 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: 1-480-926-1680.
Breakout Stocks
Total Buy Breakouts so far today - 7
Overall Quality of Breakouts - Average
Stocks Screened - 8,300
Bull side - Breakout list small as stock market continues in a trading range. Bulls be selective. The focus will be on upcoming first quarter results and annual meetings and the way stocks respond to the news.
(Put mouse on Dow chart to see Nasdaq chart)
Long Term Environment for bulls: Neutral
Market (Daily) - NYSE Bullish, Nasdaq Bearish
Market (Weekly) - NYSE Bearish, Nasdaq Bearish
Market (Monthly) - NYSE Bullish, Nasdaq Bullish
Ticker Tape Digest's
(See Top Performing Breakout Stocks for 2011 - Updated March 4)
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TTD's Quality Rating of Stock - BLT - ABOVE AVERAGE |
BLT, based in Portland, Ore., produces power equipment. Annual revenues: $582 million. BLT's stock breaks out today from a four-month flat base with a big expansion in volume. The move was triggered by a report of better than expected earnings. So far today, BLT is trading 534,079 shares, four times its normal daily volume of 132,000 shares. 
TTD highlighted BLT as a breakout at our midsession show on the Web Wednesday.
BLT's 10-minute chart shows the stock gapping higher at the opening.
It pushed a bit higher afterwards and then drifted sideways.
BLT came in with fourth quarter earnings of 25 cents a share, up sharply from 13 cents a year ago. The 25 cents topped the consensus estimate on the Street of 23 cents a share and also the highest estimate of 24 cents a share.
That was very bullish and the stock responded well to the news. 
BLT's tape action shows the big blocks and the price climbing from $15.97 to a peak of $17.09. The key bullish trade today was a block of 4,562 shares that crossed the tape at $16.77. That was up sharply from the prior block at $15.83.
BLT's outdoor products produce 97% of its sales. The company sells in some 100 countries and gets 67% of sales from overseas.
The company has plants in the United States, Canada, Brazil and the People's Republic of China (China). The Company’s Gear Products, Inc. unit makes rotation bearings, worm gear reducers, hydraulic pump drives, swing drives and winches. It also sells these products in the replacement parts market in addition to its sales to OEMs
BLT's 12-month performance chart shows the stock appreciating 42% versus an 18% gain for the S&P 500 index.
BLT's long-term chart shows the stock hitting a 4-year high. The push to a new high could draw in more buying on Thursday.
BLT's daily chart shows the stock climbing from 11 to 16 in November. The stock then put down a well-formed flat base.
The breakout coming on a gap move and expanding volume is a positive for bulls.
The stock's TTD momentum indicator (top of chart) is neutral.
The accumulation - distribution line (bottom of chart) has been trending higher even when the stock's price was running flat. That shows there is good underlying buying.
This year, analysts forecast a 35% jump in net to $1.11 a share from 82 cents a year ago. The stock sells with a price-earnings ratio of 15. TTD sees that as a low valuation making the stock attractive for value investors.
Net for the upcoming first quarter should spurt 33% to 24 cents a share from 18 cents a year ago.
The highest estimate on the Street is at 24 cents a share. TTD sees good chances for a meaningful upside surprise. The past four quarters BLT topped the consensus estimate by 2 to 8 cents a share.
For the year, the company said it expects revenues of $715 to $735 million. The Street has been looking for revenues of $691 million. So, the news was a bullish surprise.
Strategy Opinion: TTD is targeting BLT for a move to 21 off this breakout. A protective stop can be placed near 15. TTD rates BLT a good intermediate-term play provided earnings meet expectations.
Sponsorship: Excellent. The largest fund holder is 5-star rated First Eagle Global Fund with a 20% stake. It has held its stake steady. A key buyer recently was 3-star rated Fidelity Advisor Small Cap Growth Fund which purchased 275,000 shares. BLT has 48.1 million shares outstanding.
Insider Activity: Neutral. Not much activity lately. Two analysts follow the stock, both are neutral, the same sentiment as three months ago.
Stock Performance Chart with Quarterly Earnings Markers.
| TTD's Breakout Profile
Rating Blount International Inc. (BLT) |
| 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 |
Charts of Selected Breakout Stocks
| TTD's Quality Rating of Stock - CHSI - ABOVE AVERAGE |
| TTD's Quality Rating of Stock - IBM - AVERAGE |
| TTD's Quality Rating of Stock - CMN - AVERAGE |
| TTD's Quality Rating of Stock - PBH - AVERAGE |
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 - 5
Stocks Screened - 8,300
Long-Term Environment for bears: Unfavorable.
Bear Side - Small list of breakdown stocks today as stock market continues to swing in a trading range. Bears be venturesome. TTD's feature short from Tuesday was Caseys General Stores Inc. (CASY) - 37.25, down 3.30. So far today the stock has declined to 36.95 and is working well for bears.
BBEP, based in Los Angeles, is an independent oil and gas limited partnership. Annual revenues: $375 million. BBEP's stock falls sharply today in heavy trading after the company reported a wider loss for the fourth quarter. So far today, BBEP is trading 1.3 million shares, six times its normal daily volume of 296,000 shares. TTD sees more on the downside. 
BBEP reported a loss for the fourth quarter of $1.25 per unit. That was more than the loss of 75 cents per unit a year ago.
The stock responded to the news very bearishly. It fell sharply in the morning touching an intraday low of 19.50. The stock then bounced up afterwards. However, as the day wore on the stock started to lose ground again.
BBEP's tape action shows the recent big block trades.
One can see the price for the blocks declining from $22.39 to $20.95. A key bearish trade came when 9,796 shares crossed the tape on Wednesday morning at $21.62 (duplicated). That was down from the prior block trade at $21.85.
BBEP was formed by a subsidiary of Provident Energy Trust to focus on the acquisition, exploitation and development of oil and gas properties.
BBEP's assets consist primarily of producing and non-producing crude oil reserves in the Los Angeles Basin in California and the Wind River and Big Horn Basins in central Wyoming.
Analysts forecast a 22% decline in net for 2011.
Strategy Opinion: TTD sees BEEP as a trading short We are targeting the stock for a decline to 17. A protective stop can be placed near 21.80.
| TTD's Quality Rating of Stock - BBEP - AVERAGE |
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.)
