Ticker Tape Digest

Tuesday - March 10, 2020

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'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  leo@tickertapedigest.com.   

   For service, email Beverly Owen owen@tickertapedigest.com. TTD’s Tel: 1-480-878-8381 or 480-704-3331.

Tuesday - March 10, 2020

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts Tuesday  -  1

Quality of Breakouts -  Below Average.

Stocks Screened - 12,234

Bull side -  Only one breakout. Bulls be conservative.

Stock market  -  Stock market rallies strongly. However, major averages remain bearish daily and weekly. The monthly averages are bearish, except for the Nasdaq.

Comment -  Stock market has a key reversal day. What is needed is a pause and then another rally day of 1% with volume. Look for that.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  BBX, CLDR, IEA, III, DKS and KFY.

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

Compugen Ltd. (CGEN) - 11.64, up 1.63 - Breakpoint 10.62

Favorable Test to Treat Cancer, TTD Targets 14

  CGEN, based in Israel, is a therapeutic drug discovery company. CGEN's stock spikes higher Tuesday on news of favorable results for a drug to treat cancer. Annual revenues: Nil.

  So far today, CGEN is trading a heavy 3.2 million shares, four times its average daily volume of 818,000 shares.

  CGEN is a speculative play. However, TTD does see potential for a move higher. It is only suitable for very aggressive bulls.

  CGEN's stock rose sharply in the morning and cleared its breakpoint line.

  The stock reached an intraday high of $12.80 in the morning.

  The stock then backed off slightly and trended mostly sideways the rest of the day.

  Tape Action

  CGEN's tape action shows the price for the blocks climbing from $9.92 in the prior session to as high as $12.25 in the afternoon.

  A key bullish trade came late on Monday when a block of 10,140 shares (duplicated) crossed the tape at $10.01.

  That was up from the prior block at $9.92 on 11,900 shares on Monday.

  Late in the day a block of 15,385 shares crossed at $11.80.

  That came on a down tick from the prior trade at $11.81 on 100 shares.

   Business

 CGEN  develops therapeutic and product candidates.

 CGEN's pipeline primarily consists of early and preclinical stage immuno-oncology programs based on drug targets discovered by its primarily immune checkpoint and myeloid protein target candidates.

These programs are focused on the development of cancer immunotherapy drugs with potential to harness the immune system to provide treatment solutions in unmet medical needs in various cancer patients.

 Its pipeline also includes a preclinical stage fusion protein autoimmune product candidate. Its fields of focus are oncology and immunology. 

   Charts

  CGEN's 12-month performance chart shows the stock up 240% versus a 1% gain for the stock market.

  Insider activity was not available.

  CGEN's long-term chart shows the stock climbing from $3 back in 2012 to a peak at $14.32 by 2014.

  However, the stock drifted back to $2.25 by 2017. It formed a bottom and has since driven sharply higher since 2019.

  CGEN's daily chart shows the stock working higher from $4 back in October to a peak near $10 by February.

  The stock formed a base with a breakpoint zone.

  Tuesday, it blows out of the base with a big pick up in volume.

  The stock's CCI momentum indicator is strongly bullish.

   Earnings Outlook

  This year, analysts are forecasting a loss of 45 cents a share compared with a loss of 43 cents the prior year.

  Looking out to 2021, the Street sees a loss of 50 cents a share.

  For the upcoming first quarter, analysts expect a loss of 11 cents a share compared with a loss of 14 cents the prior year.

  Then in the second quarter they see a loss of 11 cents a share compared with a loss of 10 cents the previous year.

  Three analysts track the stock.

Strategy Opinion:  TTD is targeting CGEN for a move to $14 within the next few months, or sooner.

A protective stop can be placed near $11.40.

Intermediate-Term Rating:  Below 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

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 for Thursday -  7

Stocks Screened - 12,234

Long-Term Environment for bears: Neutral.

Bear Side - Small list of shorts Tuesday as stock market rallies after recent big selloff.  Bears be selective.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Meridian Bioscience Inc.  (VIVO) - 6.86

Net to Fall 49% for Fiscal 2020, TTD Sees Drop to 5.40

  VIVO, based in Cincinnati, Ohio, makes test kits for gastrointestinal, viral, respiratory and parasitic infectious diseases, and elevated blood lead levels. Annual revenues: $201 million. VIVO's stock falls sharply Tuesday and undercuts key technical support.

  So far today, VIVO is trading 1.2 million shares. Its average daily volume is 839,000 shares.

  TTD sees more on the downside.

  VIVO's stock declined in the morning and undercut key technical support.

  The stock continued to trend lower finally hitting a bottom in the afternoon at $6.61.

  It lifted late in the day as the stock market rallied.

  Tape Action

  VIVO's tape action shows the recent block trades.

  One can see the price for the blocks falling from $7.77 in the morning to as low as $6.70 in the afternoon.

  A key bearish trade came in the morning when a block of 10,946 shares crossed the tape at $7.30.

  That was down from the prior block at $7.43 on 7,800 shares.

   Business

  VIVO makes and sells  diagnostic test kits for medical use.

  It also produces bulk antigens, antibodies, polymerase chain reaction

 The company sells its diagnostic test kits in North, Central and South America; Europe, the Middle East and Africa. 

 Earnings:

  Net for the fiscal year ending in September are projected to fall 49% to 35 cents a share from the 68 cents the prior year.

  Net for the first quarter is projected to fall 58% and then in the second quarter tumble 63%.  

Charts:  

  VIVO's daily chart shows the stock trending lower since January when it peaked at $13.31.

  VIVO's 12-month performance chart shows the stock down 55% versus a 2% gain for the stock market.

Strategy Opinion: TTD  is targeting VIVO for a decline to $5.40. A protective stop buy can be placed near $7.50.

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. - 2020

    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 1-480-878-8381.

   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.)