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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 - 4
Stocks Screened- 8,200
Bull side - Only a few breakouts today as market lifts late in the day after a midsession selloff. Bears be conservative an patient.
Long-Term Environment for bulls: Unfavorable.
Market Status (Daily) - NYSE Bearish, Nasdaq Bearish
Market Status (Weekly) - NYSE Bearish, Nasdaq Bearish
RGR, based in Southport, Ct., makes firearms. Annual revenues: $167 million. RGR, a stock which edged out from a 16-week cup-and-handle base recently, finally clears the base today with a modest advance. So far today, RGR's volume is running at a hefty 570,400 shares, triple its normal daily volume of 183,000 shares. The stock has been showing heavy volume in recent sessions.
RGR was founded in 1949. The firm makes the famous RUGER® brand of sporting and law enforcement firearms and steel castings for a variety of customers and end uses.
Gun stocks as a group are acting very well now and bucking the stock market's down trend. Smith and Wesson (SWHC) came in with very strong earnings this week and the stock is moving higher.
RGR offers products in all four firearm categories: pistols, revolvers, rifles, and shotguns.
These guns, sold under the Ruger name, include rimfire-autoloading pistols, centerfire-autoloading pistols, single-action and double-action revolvers, and bolt-action rifles. Firearms are sold through a network of licensed, independent distributors. The company has plants in Connecticut, New Hampshire, and Arizona.
RGR has a beta of 0.90 versus the S&P 500's beta of 1.00. So RGR is a little less volatile than the stock market.
When the stock market is in a dive, it is always interesting to pick up on a stock going the other way. That is RGR. A look at TTD's daily chart shows the stock's well formed base with clear resistance around 11.
RGR has now "worked its way out of the base."
The stock's TTD momentum indicator (top of the chart) is solidly bullish. Most impressive is the volume expansion the past few sessions, and the fact the accumulation- distribution line has now turned up sharply. That tells us that strong buying is behind the stock's push North.
This year, RGR's profits should soar to 40 cents a share from a weak 4 cents a year ago. The stock sells with a price-earnings ratio of 30. That would seem high. However, next year, RGR's net should jump 63% to 65 cents a share. So, the valuation is quite attractive for growth investors.
Strategy Opinion: RGR is still within reach to picked up as a breakout. TTD is targeting the stock for a move to 15.50 within the next few months, or sooner, A protective stop can be placed near 10.50.
TTD rates RGR a very good intermediate-term play because of the strong earnings outlook.
Sponsorship: Good. The largest fund holder is Royce Micro-Cap Fund, 4-star rated, with a 2.8% stake. It was a recent seller of 186,000 shares. The largest buyer recently was Manning & Napier Small Cap Fund, which picked up 127,000 shares.
Insider Activity: Bullish. Insiders were buyrers around 8 to 10 late last year. There was no selling. One analyst follows the stock and has a buy.
| TTD's Breakout Profile
Rating Sturm Ruger & Co. (RGR) |
| 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 | 10 | 0 | 4 |
(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 - 10
Stocks Screened - 8,200
Long-Term Environment for bears: Favorable.
Bear Side - Stock market in down trend now. Bears be aggressive. Today, short list is more than long list. TTD's short play US Airways (LCC) drops 1.76 to 45.71 today. Airline stocks are trending lower.
(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.)
CLHB, based in Braintree, Ma., provides environmental and hazardous waste management services. Annual revenues: $756 million. CLHB fall sharply today after forecasting that earnings for the first quarter will be the slowest of this year. It said sales for the first quarter will be $200 to $205 million. The Street was expecting $206 million.
So far today CLHB is trading 1.3 million shares, five times its normal daily volume of 248,000 shares.
The stock got off to a bearish start in the morning. TTD's clip of the tape shows a big block of 5,200 shares crossing on big down tick to $45.01 from the prior trade at $45.52. That set the tone for the day. So, far today, CLHB is down about 4 points.
The company has 49 waste management facilities, including nine landfills, six incineration locations and six wastewater treatment centers.
It provides essential services to 45,000 customers, including more than 325 Fortune 500 companies, thousands of smaller private entities and numerous governmental agencies. This year CLHB's earnings should decline 5% to $2.23 a share from $2.34 a year ago, according to analysts.
The stock's technical breakdown is very bearish. CLHB was trending higher, then it backed off and had a weak rally, now it rolls over and breaks down. The stock's TTD momentum indicator is bearish (top of the chart). TTD sees CLHB as a good trading short for aggressive bears. We are targeting CLHB for a decline to 38 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.)