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.
Ticker Tape Digest's
Daily schedule guide for TTD subscribers
1. Pre-market - check Breakout Watch List and Quick Trades.
2. Morning - (11:30 - 12 A.M.) - check breakout stocks tape and breakout chart slide show.
3. Midday (1 P.M.) check TTD Midsession Report and see market video show.
4. After close (4 P.M.) check final TTD Report for day.
Aggressive Investors Bullish - "Breakout Stocks" - ideally suited for bull markets and special situation stocks. Potential for large returns. (See Performance)
Aggressive Investor Bullish- "Quick Trade Stocks" -ideally suited for entry into top performing issues looking for a small quick profit." (See Performance)
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.(See Performance)
Aggressive Bearish Investors - "Breakdown Stocks" to Sell Short. Ideally suited for bear markets or market pull backs. Potential for large returns (See Performance)
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's Bargain Buy Trades - Long - Long Term. 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.
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 email@example.com. For service, email Beverly Owen firstname.lastname@example.org. TTD’s Tel: 1-480-926-1680.
Total Buy Breakouts so far today - 12
Quality of Breakouts - ABOVE AVERAGE
Stocks Screened - 8,300
Bull side - Breakout list large with some good looking plays. Stock market holds up trend, although now in a basing pattern.
(Put mouse on chart to Nasdaq)
Environment for bulls: Neutral
Stock Market Momentum
Market (Daily) - NYSE Bearish, Nasdaq Bearish
Market (Weekly) - NYSE Bullish, Nasdaq Bullish
Market (Monthly) - NYSE Bullish, Nasdaq Bullish
Ticker Tape Digest's
TTD's Quality Rating of Stock - MYRG - ABOVE AVERAGE
MYRG, based in Rolling Meadows, Il., provides specialty electrical construction services. Annual revenues: $1.1 billion. MYRG's stock surges higher and breaks out Friday from a 15-week flat base. The move carries the stock to a new all-time high. That is bullish.
TTD highlighted MYRG as a breakout at our midsession video show on the Web Friday.
So far today, MYRG is trading a heavy 261,275 shares, four times its average daily volume of 59,000 shares.
MYRG reported fourth quarter net of 48 cents a share. That topped the consensus estimate on the Street of 40 cents a share.
Revenues for the quarter jumped 27% and topped Street estimates too.
MYRG's 10-minute chart shows the stock spiking higher in the morning and clearing its resistance line.
The stock reached an intraday high in the morning of $43.77.
The stock then backed off slightly and trended sideways the rest of the day.
MYRG's tape action shows the recent block trades.
One can see the price for the blocks climbing from $37.09 in the prior session to as high as $42.52.
A key bullish trade came at the opening Friday when a block of 3,460 shares crossed the tape at $41.15.
That was up from the prior block trade at $37.09 on 3,166 shares.
MYRG handles construction services in two areas: Transmission and Distribution and Commercial and Industrial.
Its customers include utilities, private developers government-funded utilities, independent power producers, independent transmission companies and industrial facility owners.
MYRG provides design, engineering, procurement, construction, upgrade, maintenance and repair services,.
The company also provides C&I electrical contracting services to general contractors, commercial and industrial facility owners, local governments and developers.
MYRG's 12-month performance chart shows the stock appreciating 68% versus a 19% gain for the stock market.
The stock has moved sharply higher after its past thee earnings reports.
Insiders were buyers late last year at $13 to $24 a share. They were sellers around the same time around $38.
MYRG's long-term chart sows the stock coming public in 2008 at $16.10. The stock rose to around $23 by 2009 and the afterwards trended mostly in a long-term trading range with upside resistance around $25.
The stock has since cleared that resistance. The move to a new high is very bullish.
MYRG's daily chart shows the stock advancing from $29 back in October to a peak near $40.
It then put down a tight flat base above its 50-day moving average line.
That is an ideal setup.
The breakout is powerful coming with a widening of the spread, expanding volume and a new high.
MYRG's CCI momentum indicator is solidly bullish.
This year, analysts have been forecasting a 31% jump in net to $1.61 a share from $1.23 a year ago.
That estimate could get boosted. The stock sells with a price-earnings ratio of 26. TTD sees that as reasonable for growth investors.
Going out to 2018, the Street is predicting a 15% increase in net to $1.85 a share from the anticipated $1.61 this year.
Net for the upcoming first quarter is projected to surge 170% to 27 cents a share from 10 cents a year before.
For the second quarter, profits are expected to rise 16% to 36 cents a share from the 31 cents the year before.
Strategy Opinion: TTD is targeting MYRG for a move to $50 off this breakout. A protective stop can be placed near $37.50.
TTD rates MYRG a good intermediate-term play provided earnings meet expectations.
Suitability: Average Bulls.
TTD's special research of MYRG's Prior Performance after a Breakout:
TTD's research shows that recently (see table) MYRG has scored some solid gains off its breakouts. The stock is currently in a solid up trend which began in early 2016.
The stock has moved higher 7 out of the past 12 earnings reports where there was a significant change.
The seasonal chart shows MYRG is in its best month. It has done extremely well averaging about a 10 gain just for that one month.
Stock's Prior Performance After A Breakout
Stock's % Change from Breakout to peak - prior to cut below 50-day M/A.
Date of Breakout
Break point Price
Stocks Price Peak after Breakout - prior to cut below 50-day M/A
Date Trade Closed
(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 Performance Chart with Quarterly Earnings Markers vs. S&P 500
Insider Buying in Green - Insider Selling in Red
Stock's Monthly Seasonal Performance Chart - Past 5 Years
Showing % Months UP and % Change
Charts of Selected Breakout Stocks
|TTD's Quality Rating of Stock -WLD - ABOVE AVERAGE|
|TTD's Quality Rating of Stock - GOOG - ABOVE AVERAGE|
|TTD's Quality Rating of Stock -LRCX - ABOVE AVERAGE|
|TTD's Quality Rating of Stock - HLI - 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 - 3
Stocks Screened - 8,300
Long-Term Environment for bears: Unfavorable.
Bear Side - Small list of breakdown stocks Friday. Bears be conservative. Stock market holds up trend, but is now going into a consolidation.
ZUMZ, based in Lynnwood, Wa., sells clothes, footwear, accessories and hardgoods for men and women. The hardgoods include skateboards and snowboards. ZUMZ's stock falls sharply Friday after the company projected a wider than expected loss for the first quarter.
TTD highlighted ZUMZ as a short at our midsession video show on the Web Friday.
So far today, ZUMZ is trading a heavy 4.1 million shares, 10 times its average daily volume of 393,000 shares.
ZUMZ said it expected a loss of 17 cents a share to 21 cents for the first quarter. That was much more than the three cent loss expected by analysts.
ZUMZ stock gapped lower in the morning touching a low of $17. The stock then trended mostly sideways the rest of the day.
Late in the session it lifted.
ZUMZ's tape action shows the recent block trades.
One can see the price for the blocks falling from $21.25 a few sessions ago to as low as $17.20.
A key bearish trade came in the morning when a block of 9,000 shares crossed the tape at $18.
That was down sharply from the prior block at $21 on 11,738 shares (duplicated).
ZUMZ operates under the names Zumiez and Blue Tomato. Also, the company operates e-commerce Websites at www.zumiez.com and www.blue-tomato.com.
It sells men's apparel, accessories, footwear, hardgoods and junior's apparel. It offers various categories of shoes, such as skate shoes, casual shoes, high tops, sandals, slip ons, runners, boots and socks.
It also offers flannels, baseball tees, hoodies, baseball hats, windbreakers, shirts, jackets, jerseys, sweaters and tanks.
For women, it offers t-shirts, tank tops, hoodies and sweatshirts, leggings and dresses.
This fiscal year ending in January of 2018 analysts have been forecasting a profit of $1.15 a share, up 10% from the $1.04 in fiscal 2017. However, that forecast could come down due to the weak first quarter estimate.
ZUMZ's daily chart shows the stock trending lower from around $26 in December down to around $19 by January.
The stock tried to form a bottom. However, today, it gaps lower with big volume. The stock's CCI momentum indicator (bottom of chart) is very bearish.
ZUMZ's 12-month performance chart shows the stock down 15% versus a 19% gain for the stock market.
Insiders were heavy sellers late last year around $25. A big seller was chairman Thomas Campion who sold 150,00 share at $25.
Strategy Opinion: TTD is targeting ZUMZ for a decline to $14.50 within the next few months, or sooner. A protective stop buy can be placed near $19.90.
Suitability: Aggressive Bears.
|TTD's Quality Rating of Stock - ZUMZ - BELOW AVERAGE|
Stock Performance Chart with Quarterly Earnings Markers vs. S&P 500
Insider Buying in Green - Insider Selling in Red
TTD columnist Leo Fasciocco has covered the stock market for over 30 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.”
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(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.)