Ticker Tape Digest

Thursday - March 26, 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.

Thursday - March 26, 2020

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts Thursday   -  1

Quality of Breakouts -  Below Average.

Stocks Screened - 12,234

Bull side -  Only one breakout. Market needs to stabilize and stocks need to set up better.

Stock market  -  Major averages remain bearish. A bottom appears to be developing, but time is needed for stocks to set up well.

Comment -  Market may need more time to stabilize. Government intervention helpful as many business remain shut.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  SIG, TITN, CSIQ, CSS, JEF and FDS.

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

Citrix Systems Inc. (CTXS) - 137.81, up 11.15 - Breakpoint 130.92

Nears New High, TTD Targets 155

  CTXS, based in Fort Lauderdale, Fla., provides virtualization, networking and cloud computing solutions. Annual revenues: $3 billion. CTXS's stock drives sharply higher and breaks out from its 10-week flat base.

  So far today, CTXS is trading 3.5 million shares. Its average daily volume is 3.7 million shares.

  TTD sees the stock best for aggressive bulls. It has potential to move higher.

  CTXS's stock drove higher in the morning and cleared its breakpoint line.

  It reached a peak in the morning at $138.85.

  The stock then pulled back a bit and trended sideways. Then near the close it shot higher to reach its high for the day of $139.49.

   Tape Action

  CTXS's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $125.99 in the morning to as high as $138.40.

  A key bullish trade came in the morning when a block of 26,500 shares crossed the tape at $133.06.

  That was up from the prior block at $125.99 on 28,598 shares.

  Then near the close a massive block of 296,963 shares (duplicated) crossed the tape at $137.81.

  That was up from the prior block at $135.78 on 15,000 shares.

    Business

 CTXS products cover workspace services solutions and delivery networking products.

 Its products include cloud services solutions and related license updates and maintenance and support.

The company's workspace services include application virtualization and virtual desktop infrastructure, enterprise mobility management and citrix workspace suite.

 Charts

  CTXS's 12-month performance chart shows the stock up 38% versus a 5% decline in the stock market.

  Insiders were recent sellers at $104 to $123 a share recently. They have not done any buying.

  CTXS's long-term chart shows the stock climbing from $36 back in 2015 to a peak at $116 by 2018.

  The stock then went into a consolidation long-term. It broke out late last year and is now driving higher even though the stock market sold off sharply recently.

  CTXS's daily chart shows the stock breaking out from its 10-week base.

  It is a bit wide and loose due to the stock market's recent volatility.

  However, the stock has held up well given the stock market's recent sharp selloff.

  CTXS's CCI momentum indicator is bullish.

  Earnings Outlook

  This year, the Street is forecasting a 5% decline in net to $5.43 a share from the $5.69 the prior year.

 Ten analysts follow the stock. The highest estimate is at $5.52 a share.

  Looking out to 2021, analysts predict a 14% rise in net to $6.19 a share from the anticipated $5.43 this year.

  Net for the upcoming first quarter should be down 8% to $1.17 a share from the $1.27 the prior year.

  The highest estimate is at $1.20 a share. The company did beat the Street estimate the past two quarters by 5 cents a share and 28 cents.   

Strategy Opinion:  TTD is targeting CTXS for a move to $155 within the next few months, or sooner.

A protective stop can be placed near $129.

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 - 1

Stocks Screened - 12,234

Long-Term Environment for bears: Neutral.

Bear Side - Only one short even as stock market surges higher.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

AMN Healthcare Services Inc. (AMN) - 53.73

Falls on Heavy Volume, TTD Sees Decline to 45

  AMN, based in Dallas, Tex., provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities. Annual revenues: $2.2 billion. AMN's stock falls sharply Thursday and undercuts key technical support.

  So far today, AMN is trading a heavy 1.9 million shares, more than double its average daily volume of 748,000 shares.

  The stock's inability to rally with the market is very bearish. TTD sees more on the downside.

  AMN's stock moved lower in the morning and undercut its technical support line.

  The stock touched an intraday low of $51.78 in the morning. It rallied slightly in the afternoon to trim some of its loss.

  Tape Action

  AMN's tape action shows the recent block trades.

  One can see the price for the blocks falling sharply from $67.88 in the prior session to as low as $52 by the afternoon.

  A key bearish trade came in the morning when a block of 17,900 shares crossed the tape at $63.22.

  That was down from the prior trade at $67.88 on 68,168 shares late on Wednesday.

  Business

AMN provides nurse and workforce solutions. It also provides technology, analytics and services to manage all or a portion of its clients' healthcare workforce need, from nurses, doctors and health professionals.

 It offers managed services programs, vendor management systems, predictive analytics, workforce optimization consulting, recruitment process outsourcing and remote medical coding.

  Earnings:

  This year, analysts have been forecasting a 10% increase in net to $3.50 a share from the $3.18 the prior year.

  Looking out to 2021, they project a 12% rise in net to $3.91 a share from the anticipated $3.50 this year.

  Net for the first quarter should be up a modest 5% to 79 cents a share from  the 75 cents the prior year.

Charts:  

  AMN's daily chart shows the stock cutting below support. The stock has fallen from $89 a few weeks ago.

  AMN's 12-month performance chart shows the stock up 20% versus a 5% decline in the stock market.

  Insiders were recent sellers at $64 to $79. They were buyers using stock options. The price was not disclosed.

Strategy Opinion: TTD  is targeting AMN for a decline to $45 within the next few months, or sooner. A protective stop buy can be placed near $58.

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.)