Daily - Go to TTD's Tape of Stock Charts - Friday. March 28, 2014 |
Weekly - Bullish Conservative Investors - Go To TTD Long-Term Plays - Monday, March 24, 2013 |
Go to Video Show - "How to Make Money With Breakout Stocks" |
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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) |
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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 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: 1-480-926-1680.
Breakout Stocks
Total Buy Breakouts so far today - 10
Overall Quality of Breakouts - AVERAGE
Stocks Screened - 8,300
Bull side - Breakout list shows many energy stocks. Stock market is mixed. Blue chips remain in a trading range. The Nasdaq has broken down. Bulls be selective.
(Put mouse on Dow chart to see Nasdaq chart)
Long Term Environment for bulls: Favorable
Stock Market Momentum
Market (Daily) - NYSE Bullish, Nasdaq Bearish
Market (Weekly) - NYSE Bullish, Nasdaq Bearish
Market (Monthly) - NYSE Bullish, Nasdaq Bullish
Ticker Tape Digest's
TTD's Quality Rating of Stock - CLR - ABOVE AVERAGE |
CLR, based in Oklahoma City, Ok. produces oil and gas. Annual revenues: $3.3 billion. CLR breaks out from a 24-week, cup-and-handle base. The move carries the stock to a new all-time high, which is bullish. So far today, CLR is trading 1.4 million shares. Its average daily volume is 965,009 shares.
CLR's breakout comes as energy stocks were strong across the board Friday.
The stock's move is a reemergence from the base after a prior breakout attempt faded.
CLR's 10-minute chart shows the stock moving higher in the morning to reach its breakpoint line.
The stock the punched through the resistance in the afternoon and held above the breakpoint line even though
CRL's tape action shows the recent block trades.
One can see the price for the blocks advancing from $119.66 in the prior session to as high as $125.67.
A key bullish trade came in the morning when a block of 10.432 shares crossed the tape at $122.06. That was up from the prior block trade at $120.85 on 12,008 shares.
Then late in the session a bullish block of 18,259 shares crossed at $125.67. That showed good follow through action.
CLR is an oil and natural gas exploration and production company.
It has operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States.
The company focuses its operations in large new and developing plays where horizontal drilling, advanced fracture stimulation and enhanced recovery technologies provide the means to economically develop and produce oil and gas reserves from unconventional formations.
CLR's 12-month performance chart shows the stock appreciating 45% versus an 18% gain for the S&P 500 index.
The chart also shows heavy insider buying in February. The stock has performed well since then.
CLR's long-term chart shows the stock coming public in 2007 at $14.97. It surged to a peak of 83 in 2008. However, the stock then fell back quickly to around 12 due to the bear market.
Since then, though, the stock has been trending steadily higher. It has made a sensational 10-fold move. The breakout today carries the stock to a new high, which is bullish.
CLR's daily chart shows the stock climbing from 90 in July to a peak near 120 in October. The stock then began to base by pulling back to form a cup-and-handle base.
The stock's breakout today comes has it just clears a breakpoint zone.
It will be important to see if CLR can follow through on Friday's breakout.
The stock's accumulation - distribution line (bottom of chart) has been trending higher and compliments the price's up trend.
The stock's TTD momentum indicator (top of chart) is solidly bullish.
Analysts are forecasting CLR will come in with a 30% jump in earnings for 2014 to $6.92 a share from $5.33 a year before.
Profits for the first quarter should climb 26% to $1.48 a share from $1.17 a year before.
The highest estimate on the Street is at $1.61 a share. TTD sees chances for an upside earnings surprise. The company topped the consensus estimate five out of the past six quarter.
Going out to the second quarter, analysts predict a 23% gain in profits to $1.64 a share from the $1.33 the year before.
Looking out to 2015, the Street projects a 15% gain in earnings to $7.94 a share from the anticipated $6.92 this year.
The stock sells with a price earnings ratio of 17. TTD sees that as low making the stock a good value-growth play based on this year's net.
Strategy Opinion: TTD is targeting CLR for a push to $155. The stock is in a good spot to have a stock split which could drive it higher. A protective stop can be placed near 119.
TTD rates CLR a good intermediate-term play provided earnings remain on course.
Sponsorship: Very Good. The largest fund holder is Fidelity Contrafund with a 1.3% stake. The 4-star rated fund was a recent buyer of 64,019 shares.
The second largest fund holder is 5-star rated Fidelity Growth Company Fund with a 1.2% stake. It was a recent seller of 321,800 shares.
Insider Activity: Slightly Bearish. Insiders have been recent sellers around $111 to $121. They were light buyers around $118. Currently, 21 analysts follow the stock, 14 have a buy, up from 12 three months ago.
Stock Performance Chart with Quarterly Earnings Markers.
TTD's Breakout Profile
Rating Continental Resources Inc. (CLR) |
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 | 13 | 0 | 1 |
Charts of Selected Breakout Stocks
TTD's Quality Rating of Stock - GPOR - AVERAGE |
TTD's Quality Rating of Stock - XEC - AVERAGE |
TTD's Quality Rating of Stock -BHI - AVERAGE |
TTD's Quality Rating of Stock - RBA - 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 today. Stock market continues to act weak. Bears be selective.
CLVS, based in Boulder, Co. is a biotech firm working on a treatment for cancer. Annual revenues: Nil. CLVS's stock falls sharply today and undercuts key technical support. The move is a reversal from the advance in the prior session. So far today, CLVS is trading a heavy 1.7 million shares, almost three times its average daily volume of 630,000 shares.
CLVS's stock moved higher in the prior session on a favorable test results on a drug to treat cancer. However, today its flips back hard to the downside setting off a short.
CLVS's stock fell steadily in the morning. It hit an intraday low of 68.56. In the afternoon, the stock lifted a bit, faded back and then trended sideways remaining in the red for the day.
CLVS's tape action shows the recent block trades.
One can see the price for the blocks tumbling from $80.13 in the morning down to $68.78.
A key bearish trade came when a block of 3,000 shares crossed the tape at $76.50. That was down from the prior block at $80.13 on 4,545 shares.
CLVS is seeking to develop innovative anti-cancer agents in the United States, Europe and additional international markets.
The company targets its development programs for the treatment of specific subsets of cancer populations.
This year, analysts are forecasting CLVS will show a loss of $4.09 a share compared with a loss of $2.95 a year ago. Going out to 2015, they look for a loss of $3.97 a share.
The stock cuts below support today and its 50-day moving average line. The stock's accumulation - distribution line is in an overall down trend showing consistent selling pressure.
Strategy Opinion: TTD is targeting CLVS for a decline to 59. A protective stop buy can be placed near 72.
TTD's Quality Rating of Stock - CLVS - 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: 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.)