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Daily - Go to TTD's Chart scroller of  Breakout Stocks - Friday, March 24, 2017

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List and Performance - Friday, March 24, 2017

Daily - Bullish Aggressive Investor - Go To TTD Quick Trade Setups (74% win rate) - Friday, March 24, 2017

Go To Prior Days TTD "Reports"

Weekly - Bullish Conservative Investors - Go To TTD Long-Term Plays - Monday, March 20, 2017

 

 


Go to Video Show - "How to Make Money With Breakout Stocks


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Ticker Tape Digest

Friday - March 24, 2017


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.


Trading Strategies

Bullish

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)


Bearish

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.

Quote or chart

   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: 1-480-926-1680.


TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts Friday - 7  --- Quality of Breakouts - Average  ---  Stocks Screened - 8,300

Bull side - Breakout list small but some good looking plays. Stock market mixed Friday and remains in basing pattern.

 Stock Market Momentum

(Featured market chart Friday - Dow Jones Industrials)

        Market (Daily) -    Dow Industrials Bearish -   Nasdaq Bullish   - S&P 500 Bearish

 

 

 

 

 

 

 

 

        Market (Weekly) -  Dow Industrials Bearish  - Nasdaq Bearish - S&P 500 Bearish

 

        Market (Monthly) - Dow Industrials Bullish -  Nasdaq Bullish - S&P 500 Bullish

  


Ticker Tape Digest's

Timely Breakout Stocks From Tape Action - Friday

(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 at breakpoint by using market order or stop buy)All Timely Breakout Stocks From Tape Action Today )  


Today's Featured TTD Breakout Stock

Lumentum Holdings Inc. (LITE) - 53.50, up 2 - Breakpoint 52.51

Net to Soar 65% in Fiscal 2017 (June), TTD Targets 65

                    TTD's Quality Rating of Stock - LITE  - ABOVE AVERAGE

    LITE, based in Milpitas, Ca., makes optical and photonic products for networking and laser products. Annual revenues: $995 million. LITE's stock moves sharply higher Friday and breaks out from a six-week, cup-and-handle base. The move carries the stock to a new all-time high. That is bullish.

 TTD highlighted LITE as a breakout at our midsession video show on the Web. Friday.

 So far today, LITE is trading 2 million shares. Its average daily volume is 2.1 million shares.

 The stock moved higher in the morning and cleared its breakpoint line. (see 10-minute chart.)

  The stock reached an intraday peak of $54.05 around noon.

  It then drifted back in the afternoon. However, it came on again to close on a positive up beat with a good expansion in intraday volume.

  Tape Action

   LITE's tape action shows the recent block trades.

  One an see the price for the blocks climbing from $51.43 to as high as $53.50 near the close.

  A key bullish trade came in the morning when a block of 19,622 shares (duplicated) crossed the tape at $52.05.

   That was up from the prior block trade at $51.50 on 29,010 shares late in the prior session.

  Then near the close Friday a massive block of 67,591 shares (duplicated) crossed the tape at $53.50.

  That was up from the prior block trade at $53.25 on 14,100 shares.

  Business

  LITE makes optical and photonic products.

  They are used for data communications and telecom., networking and commercial lasers.

 They are used for manufacturing, inspection and life-science applications.

The company operates in two segments: Optical Communications and Commercial Lasers.

 The company's lasers products serve customers in manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining.

Charts

  LITE's 12-month performance chart shows the stock appreciating a sensational 100% topping the stock market's 15% gain.

  Insiders have been recent steady sellers around $50 to $52 a share this year. They have been steady buyers using stock options. The latest priced have not been disclosed.   

  LITE's long-term chart shows the stock coming public in 2015 at $18.60. The stock climbed steadily to a peak of $45.25 late last year. It backed off and formed a base.

 It broke and ran up to $53, backed off and formed a base and Friday breaks out again.

  LITE's daily chart shows the stock climbing from $36 in February to a peak near $52

  The stock then pulled back and formed a classic cup-and-handle base.

 The breakout Friday is ideal coming with a widening of the daily spread.

  The CCI momentum indicator is strongly bullish.

Earnings Outlook

  Analysts are forecasting a 65% surge in net to $1.65 a share from the $1 a share a year before.

  The stock has a price-earnings ratio of 32. TTD sees that as reasonable.

  Going out to fiscal 2018 ending in June, the Street is predicting a 62% leap in net to $2.68 a share from the anticipated $1.65 this fiscal year. Analysts have recently raised their fiscal 2018 estimates.

  The next two quarters will be strong.

  Profits for the fiscal third quarter ending in March is expected to surge 108% to 40 cents a share from 19 cents the year before.

  The highest estimate on the Street is at 42 cents a share. TTD sees god chances for an upside earnings surprise. The company topped the consensus the past three quarters.

  Looking out to the fiscal fourth quarter ending in June, profits are expected to jump 36% to 48 cents a share from 35 cents the year before.   

Strategy Opinion: TTD is targeting LITE for a move to $65 off this breakout. A protective stop can be placed near $50 giving it some room.

 TTD rates LITE a good intermediate-term play provided earnings meet expectations.

Suitability:   Aggressive Bulls.   

   TTD's special research of  LITE's Stock's Prior Performance after a Breakout:  

  TTD's research shows that recently  (see table) LITE has scored some big gains after a breakout. The stock did not do well after the breakout in December, but it is doing great after the breakout in January.

The stock has moved higher after 4 out of the past 6 earnings reports when there was a significant move.

  LITE's seasonal pattern shows the stock racking up big gains in February and March. That is impressive. One may need to be watchful in April.


           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

              27%

     1/7/2017         42          53.50     Still in play

              3%

     12/8/2016         42.16          43.50     12/8/2016

              58%

     7/25/2016         28          44.50     10/10/2016

              21%

     2/4/2016         22.60          27.46     4/8/2016

(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 - MGIC  - ABOVE AVERAGE

                    TTD's Quality Rating of Stock -TMUS -  AVERAGE

                    TTD's Quality Rating of Stock -COMM  - AVERAGE

                    TTD's Quality Rating of Stock - MZOR  - BELOW AVERAGE

 


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 so far today - 7

Stocks Screened - 8,300

Long-Term Environment for bears: Unfavorable.

Bear Side -  Small list of shorts Friday. Bears be conservative. Stock market now in trading range.


List of Stocks To Sell or Short


TTD’s Feature Bear Play

Gamestop Corp. (GME) - 20.70, down 3.26

Sales Disappoint, TTD Sees Decline to 16.50

  GME, based in Grapevine, Tex., sells video game hardware and related products. Annual revenues: $9.1 billion. GME's stock falls sharply Friday and undercuts key technical support. The drop was caused by disappointing sales.

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

  So far today, GME is trading a heavy 15.9 million shares, five times its average daily volume of 3.2 million shares.

  GME's stock fell sharply in the morning and undercut key technical support.

  The stock then trended sideways the rest of the day unable to rally.

  GME' reported net for the fiscal fourth quarter ending in January of $2.38 a share. That topped the Street estimate of $2.29 a share.

  However, same store sales were down 16% for the quarter.

 Tape Action

  GME's tape action shows the recent block trades.

  One can see the price for the blocks falling from $23.96 in the prior session to as low as $20.70.

  A key bearish trade came in the morning when a block of 121,742 shares crossed the tape at $21.47.

  That was down from the prior block trade at $23.96 on 352,124 shares.

   Business

 GM sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products.

 The company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe.

  Its stores sell downloadable content, network points cards, prepaid digital, prepaid subscription cards and digitally downloadable software.

 Earnings

  Analysts are forecasting a 1% decline in GME's net for the fiscal year ending in January 2018. Net for the upcoming fiscal first quarter ending in April is expected to be down 3% to 64 cents a share from 66 cents the year before.

Charts

  GME's daily chart shows the stock gapping lower on big volume. The move undercuts key technical support. The stock's CCI momentum indicator is extremely bearish.

  GME's 12-month performance chart shows the stock down 30% versus a 15% gain for the stock market.

  GME insiders were recent light sellers at $22.58. They have been getting stock options the past 12-months at $29 a share.

  Strategy Opinion: TTD is targeting GME for a decline to $16.50 within the next few months, or sooner. A protective stop buy can be placed near $22.

Suitability: Aggressive Bears.


                    TTD's Quality Rating of Stock - GME - BELOW AVERAGE


   Stock 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. - 2017

TTD columnist Leo Fasciocco has covered the stock market for over 30 years. His articles appear in many publications. He was also a speaker at the Moneyshow 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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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 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.)