Ticker Tape Digest

Monday - March 29, 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 Swng - 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.

Monday - March 29, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  4

Quality of Breakouts -  Average.

Stocks Screened - 12,234

Bull side -  Small list of breakouts. Bulls be conservative.

Stock market  -  Major averages still holding bullish, except for the daily Nasaq which is bearish

Comment -  The breakdown in the NASDAQ is significant. Bulls need to be conservative. Quarter will end soon and holiday sequence coming up.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  VTSI.

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

Carrier Global Corp. (CARR) - 42.34, up 1.25 - Breakpoint 42

Net To Climb 16% This Year, TTD Targets 52

  CARR, based in Palm Beach Gardens, Fla., provides heating, ventilation and airconditioning products. Annual revenues: $17.5 billion. CARR's stock drives higher Monday and breaks out from its 12-week, cup-and-handle base.

   So far today, CARR is trading 7.7 million shares. Its average daily volume is 6.8 million shares.

   TTD sees potential for more on the upside. The stock is now at a new all-time high. That is bullish.

  TTD highlighted CARR as a breakout at our midsession video show on the Web Monday.

  CARR's stock moved higher in the morning and cleared its breakpoint line.

  It reached an intraday peak at $42.98 on that move.

  The stock then pulled back and trended mostly sideways the rest of the day.

  In after-hours trading, CARR was up 53 cents a share.

   Tape Action

  CARR's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $41.09 in the morning to as high as $42.70 in the morning.

  A key bullish trade came at the opening when a block 157,673 shares (duplicated) crossed the tape at $42.21.

  That was up from the prior block in the previous session at $41.09 on a big 559,836 shares.

  Near the close a big block of 936,430 shares crossed at $42.34.

  That actually came on an up tick from the prior trade at $42.32 on 173 shares.

   Business

  CARR makes heating, ventilation, and air conditioning , refrigeration, fire and security products.

  It sells  to residential and commercial customers.

  Its commercial refrigeration equipment solutions preserve freshness of retail food and beverage.

Its fire and security products include a range of residential and building systems, including fire, flame, gas, smoke and carbon monoxide detection; fire suppression systems, intruder alarms; access control systems and video management systems.  

  Charts

   CARR's 12-month performance chart shows the stock up 155% versus a 50% gain for the stock market.

   Insider activity was not available.

   CARR's long-term chart shows the stock coming public in April of last year at $16. The stock has since been trending steadily higher.

  CARR's daily chart shows the stock peaking at $42 back in January.

  The stock pulled back and the past few months formed a perfect cup-and-handle base.

  The breakout comes with a gap move and modest pick up in volume.

  The stock's CCI momentum indicator is solidly bullish.

   Earnings Outlook

  This year, analysts forecast a 16% increase in net to $1.92 a share from the $1.66 the prior year.

  The stock has a price-earnings ratio of 21. TTD sees that as reasonable.

  Looking out to 2022, the Street predicts a 14% rise in net to $2.20 a share from the $1.92 the previous year.

  Net for the upcoming first quarter will be a modest 9% increase to 38 cents a share from the 35 cent the prior year.

  Then in the second quarter net should leap 45% to 48 cents a share from the 33 cents in the previous year.

Strategy Opinion:  TTD is targeting CARR for a move to 52 within the next few months, or sooner.

A protective stop can be placed near $39

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  - 9

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Large list of shorts with some interesting plays for aggressive bear.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Orphazyme (ORPH)  - 8.80

Drug fails test, TTD Sees Decline to 7

  ORPH, based in Copenhagen, is a biotech firm pioneering the Heat Shock Protein response to treat neurodegenerative orphan diseases. Annual revenues: Nil. ORPH's stock gaps lower Monday and undercuts key technical support.

   So far today, ORPH is trading 388,046 shares well above the average daily volume of 5,360 shares.

   TTD sees potential for more on the downside.

  ORPH's decline was triggered by a disappointing test results for its drug to treat debiltating muscel-wasting diseases.

ORPH's stock gapped lower in the morning and undercut its key technical support.

The stock touched an intraday low of $7.52. It then lifted later in the morning to cut its loss.

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

  Tape Action

  ORPH's tape action shows the recent block trades.

  One can see the price for the blocks falling from $12.44 several sessions ago to as low as $7.75 Monday morning.

  A key bearish trade came in the morning when a block of 8,400 shares crossed at $8.11.

  That was down from a prior block on March 17 at $12.44 on 3,010 shares.

    Business

 ORPH is working on a Heat Shock Protein response to treatneurodegenerative orphan diseases.

 The company seeks to develop novel therapeutics for diseases caused by protein misfolding, protein aggregation, and lysosomal dysfunction. 

 Earnings:

  This year, analysts predict a loss of $2.32 a share compared with a loss of $3.42 the prior year.

  Looking out to 2022, the Street expects a loss of $2.96 a share.   

Charts:  

  ORPH's daily chart shows the stock gapping lower with big volume. It had been trending higher.

  The stock's 6-month performance chart shows the stock down 10% versus a 20% gain for the stock market.

Strategy Opinion: TTD  is targeting ORPH for a decline to $7 within the next few months, or sooner. A protective stop buy can be placed near $9.60

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.)