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 - 5
Overall Quality of Breakouts - BELOW AVERAGE
Stocks Screened - 8,300
Bull side - Breakout list small and very selective. Stock market holds near-term up trend. Coming up on holiday weekend. Trading should slow.
(Put mouse on Dow chart to see Nasdaq chart)
Long Term Environment for bulls: Neutral
Stock Market Momentum
Market (Daily) - NYSE Bullish, Nasdaq Bullish
Market (Weekly) - NYSE Bullish, Nasdaq Bullish
Market (Monthly) - NYSE Bullish, Nasdaq Bullish
Ticker Tape Digest's
TTD's Quality Rating of Stock - GVA - ABOVE AVERAGE
GVA, based in Watsonville, Ca., makes construction materials and is a civil contractor. Annual revenues: $2.4 billion. GVA's stock breaks out Tuesday from a 12-week, cup-and-handle base. The move carries the stock to a seven-year high.
So far today, GVA is trading a heavy 137,000 shares, 13 times its average daily volume of 10,000 shares.
GVA is a good performer although it is thinly traded.
The stock is up 33% the past 12 months.
GVA's 10-minute chart shows the stock clearing its breakpoint in the morning.
The stock reached a peak of 47.19 in the morning.
The stock then pulled back slightly, but came on again in the final hour to reach its high for the day of 47.42.
GVA's tape action shows the recent block trades.
One can see the price for the blocks climbing from $43.91 last Friday to as high as $46.93.
A key bullish trade came in the morning when a block of 6,925 shares crossed at $45.
That was up from the prior block at $44.50 on 7,994 shares.
GCI works on large construction projects and produces materials.
The construction covers the improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities, and other infrastructure projects.
The firm serves federal agencies, state departments of transportation, county and city public works departments, school districts and utilities.
The large project construction segment focuses on highways, mass transit facilities, bridges, tunnels, waterway locks and dams, pipelines, canals, power-related facilities and airports
GVA's 12-month performance chart shows the stock appreciating 38% versus 3% decline for the stock market.
Most importantly there was recent heavy insider buying. (see green bars on chart)
GVA's long-term chart shows the stock reaching an all-time high of $74.62 in 2007.
The stock then fell back to $21.20 in 2008. The stock drifted lower to $16.92 by 2011. However, since then GVA's stock has been working higher gradually.
GVA's daily chart shows the stock climbing from 32 back in October to a peak near 44 by late December.
The stock then formed a classic cup-and-handle base.
The breakout Tuesday is ideal coming with a good expansion in volume.
The stock's CCI momentum indicator (bottom of chart) is strongly bullish.
This year, analysts are forecasting a 27% increase in net to $1.93 a share from $1.52 a year ago.
The stock sells with a price-earnings ratio of 25. TTD sees that as reasonable.
Looking out to 2017, the Street predicts a 27% gain in net again. This time to $2.46 a share from the anticipated $1.93 for 2016.
For the upcoming first quarter, the Street expects a loss of 12 cents a share compared with a loss of 22 cents the year before.
The first quarter is seasonally slow.
Net for the second quarter is expected to soar 96% to 47 cents a share from 24 cents a year ago.
The highest estimate on the Street is at 50 cents a share.
Strategy Opinion: TTD is targeting GVA for a move to 58 off this breakout.
A protective stop can be placed near 44.
TTD rates GVA a good intermediate-term play provided earnings remain on course.
Sponsorship: Average. A key fund buyer recently was the 4-star rated Glenmede Small Cap Equity Adv. Fund which purchased 340,488 shares. It has a 1.3% stake.
The 5-star rated Victory Sycamore Small Company Opp R Fund has a 2.1% stake. It was a recent seller of 231,700 shares.
GVA has 39.4 million shares outstanding. Institutions hold 90%of the stock and insider 1%.
Insider Activity: Slightly Bearish. Insiders were cent buyers using stock options around $35. They were sellers around $43.
Currently, 10 analysts follow the stock, 7 have a buy, down from 9 three months ago.
GVA has a book value of $21.29.
Stock Performance Chart with Quarterly Earnings Markers.
|TTD's Breakout Profile
Granite Construction Inc. - (GVA)
|TTD Check List||Bullish||Bearish||Neutral|
|Near 52-week High||YES|
|Price Trend - Daily||YES|
|Price Trend - Long Term||YES|
|Price Daily Spread||YES|
|Base - A-D||YES|
|Prior Breakout Success||YES|
Charts of Selected Breakout Stocks
|TTD's Quality Rating of Stock - SPWH - AVERAGE|
|TTD's Quality Rating of Stock - XONE - BELOW AVERAGE|
|TTD's Quality Rating of Stock - RNR - BELOW AVERAGE|
|TTD's Quality Rating of Stock - BPTH - BELOW 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: Neutral.
Bear Side - Small list of breakdown stocks Tuesday. Bears be conservative. Stock market still in rally mode.
AZN, based in London, develops medicines to treat respiratory, inflammation, autoimmune, cardiovascular, metabolic, oncology, infection, neuroscience, and gastrointestinal diseases. AZN's stock declines Tuesday and undercuts key technical support.
TTD highlighted AZN as a short at our midsession video show on the Web Tuesday.
So far today, AZN is trading a heavy 8.2 million shares, Its average daily volume is 5 million shares.
AZN's stock gapped lower in the morning. It touched an intraday low of 27.68.
The stock then lifted and rallied in the afternoon to trim some of its deficit.
AZN's tape action shows the recent block trades.
One can see the price for the blocks declining from $28.40 in the prior session to as low as $27.71 in the morning.
A key bearish trade came in the morning when a block of 75,000 shares crossed at $27.74.
That was down from the prior block at $28.40 on 51,659 shares.
AZN products include Accolate, Bricanyl Respules, Bricanyl Turbuhaler, Daliresp, Duaklir Genuair, Eklira Genuair/Tudorza/Bretaris, Oxis Turbuhaler, Pulmicort Turbuhaler/Pulmicort Flexhaler, Pulmicort Respules, and Rhinocort.
This year, analysts are forecasting a 53% drop in earnings to $2.01 a share from the $4.26 a share a year ago.
Net for the first quarter is expected to decline 7% and for the second quarter drop 58%.
Strategy Opinion: TTD is targeting AZN for a decline to 23 within the next few months, or sooner. A protective stop buy can be placed near 29.60.
|TTD's Quality Rating of Stock - AZN - BELOW 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: Beverly 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
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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.)