Ticker Tape Digest

Wednesday - March 17, 2021

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 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.

Wednesday - March 17, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  15

Quality of Breakouts -  Above Average.

Stocks Screened - 12,234

Bull side -  Large list of breakouts with railroad and homebuilding stock moving out.

Stock market  -  Major averages are bullish in all time frames.

Comment -  Large list of breakouts. Aggressive bulls can be venturesome.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  UPST, AOUT, CRAWA, SMTX and LE.

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

Diodes Inc. (DIOD) - 85.59, up 1.81 - Breakpoint 84.92

Net To Surge 53% This Year, TTD Targets 100

  DIOD, based in Plano, Tex., makes products used to produce semiconductors. Annual revenues: $1.2 billion. DIOD's stock pushes higher Wednesday and breaks out from its six-week, cup-and-handle base.

  So far today, DIOD is trading 503,240 shares. Its average daily volume is 430,000 shares.

  TTD sees good chances for more on the upside.

  DIOD's stock slipped in the morning down to 82.67.

  However, the stock rallied to $84.65 in the morning and then trended sideways just below its breakpoint.

  The stock cleared its breakpoint in the afternoon. It then climbed to an intraday high of $86.21

  DIOD was unchanged in after-hours trading.

   Tape Action

  DIOD's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $83.60 in the morning to as high as $85.99 in the afternoon.

  A key bullish trade came in the morning when a block of 1,031 shares crossed the tape at $84.40.

  That was up from the prior block at $83.60 on 2,560 shares.

  Near the close a big block of 141,202 shares crossed at $85.59.

  That came on a down tick from the prior trade at $85.60 on 116 shares.

  Business

  DIOD makes products for the discrete, logic, analog and mixed-signal semiconductor markets.

  The company's products include diodes, rectifiers, transistors, metal-oxide semiconductor field-effect transistors, protection devices; amplifiers and comparators.

 DIOD also holds interests in Pericom Semiconductor Corp., which sells integrated circuits  and frequency control products.  

  Charts

  DIOD's 12-month performance chart shows the stock up 130% versus a 55% gain for the stock market.

  Insiders were recent buyers at $18 to $19 a share using stock options.

  They were sellers at $70 to $84 a share.

  DIOD's long-term chart shows the stock climbing from  $16 in 2016 to a peak at $59 by early 2020.

  The stock then fell back to $31 when the stock market sold off. DIOD has since rallied strongly to $85.

  DIOD's daily chart shows the stock breaking out of a cup-and-handle base with a pick up in volume.

  The breakout clears a breakpoint zone.

  The stock's CCI momentum indicator is bullish.

  Earnings Outlook

  This year, analysts predict a 53% surge in net to $3.60 a share from the $2.35 the prior year.

  The stock has a price-earnings ratio of 23.

  TTD sees that as attractive for value-growth investors.

  Going out to 2022, analysts predict a more modest 12% rise in net to $4.03 a share from the anticipated $3.60 this year.

  Quarterly earnings will be strong.

  Net for the first quarter should jump 70% to 78 cents a share from the 46 cents the prior year.

  The company beat the Street estimate the past three quarters by 5 cents a share, 4 cents and 4 cents.

  Profits for the second quarter should leap 74% to 94 cents a share from the 54 cents the previous year.

Strategy Opinion:  TTD is targeting DIOD for a move to $100 within the next few months, or sooner.

A protective stop can be placed near $79

Intermediate-Term Rating: Average.

Suitability:   Average 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

Charts of Selected Breakout Stocks

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  - 1

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Only one short play. Bears be conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

CHF Solutions Inc.  (CHFS) - 6.18

Loss Seen This Year and Next, TTD Sees Drop to 5

  CHFS, based in Eden Prairie, Min., makes medical devices used in ultrafiltration. Annual revenues: $7.4 million. CHFS's stock drops sharply Wednesday.

  The company announced a stock offering.

  TTD sees more on the downside.

  So far today, CHFS is trading 1.8 million shares. Its average daily volume is 1 million shares.

  TTD highlighted CHFS as a short at our midsession video show on the Web Wednesday.

  CHFS's stock moved lower in the morning and undercut key technical support.

  The stock touched an intraday low of $5.75 in the morning. It lifted slightly during the day and closed at $6.26.

   Tape Action

  CHFS's tape action shows the recent block trades.

  One can see the price for the blocks falling from $6.49 in the prior session to as low as $5.85 in the morning.

  A key bearish trade came in the morning when a block of 26,076 shares (duplicated) crossed at $5.85.

  That was down sharply from the prior block at $6.49 on 8,050 shares.

  Business

 CHFS makes devices used in ultrafiltration therapy, including the Aquadex FlexFlow and the Aquadex SmartFlow systems.

 The Aquadex System is indicated for temporary or extended use in adult and pediatric patients weighing 20 kilograms or more whose fluid overload is unresponsive to medical management, including diuretics.

  Earnings:

  This year, analysts predict a lost of $5.73 a share versus a loss of $10.67 the prior year.

  Looking out to 2022, the Street expects a loss of $3.78 a share.

Charts:  

  CHFS daily chart shows the stock falling from $12 in March down to $6.65 - a key support level.

  Wednesday, CHFS gaps below the support level. 

Strategy Opinion: TTD  is targeting CHFS for a decline to $5 within the next few months, or sooner. A protective stop buy can be placed near $6.70.

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. - 2021

    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 1-480-704-3331.

   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.)