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By Leo Fasciocco -- TTD
Ticker Tape Digest presents its daily breakout and Short Selling report. It contains Breakout Stocks and Stocks under Significant Accumulation.Data is from tape action for the day. These stocks are most suitable for aggressive investors seeking ideal entry points for leading stocks.
These stocks will do very well during bull markets and strong market rallies.
TTD also presents Stocks To Sell or Sell Short.These issues are suitable for aggressive investors willing to take short positionsboth as trades or for longer-term plays. These stocks will do very well during bear markets or market corrections
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Total Buy Breakouts so far today - 13
Stocks Screened- 8,200
Bull side - Breakout list features mostly special situation plays. Bulls be patient.
Long-Term Environment for bulls: Favorable.
Market Status (Daily) - NYSE Bearish, Nasdaq Bearish
Market Status (Weekly) - NYSE Bullish, Nasdaq Bullish
EMS, based in Greenwood Village, Co., is the parent of American Medical Response, the largest private ambulance service in the US. Annual revenues: $1.9 billion. EMS breaks out powerfully today and hits a new high. The stock pulls out from a well formed, eight week base. The stock is trading 118,000 shares, just a bit up from its average daily volume of 100,000 shares.
The tape action was good early in the day. The largest trade today was a big block of 5,000 shares that crossed on a modest up tick to 27.30 from the prior trade at $27.29.
EMC also provides medical staffing that specializes in emergency room staff such as doctors and nurses.
The company has about 3,100 contracts with clients such as cities, government agencies, health care providers, and insurance companies. They operate in about 35 states for emergency and non-emergency transport services It helps staff some 330 hospitals.
The stock came public in late 2005. It spent most of the first half of 2006 trending sideways. It turned to the upside in the middle of last year. It now is in a strong, and orderly up trend.
A look at TTD's daily chart shows EMS edged out from its base a few sessions ago and then drifted back. The stock is now coming on strong, all this despite the dull action of the stock market the past several sessions. So, the stock is showing good relative strength.
EMS' TTD momentum indicator is strongly bullish (see top of the chart). The accumulation - distribution line is in an overall up trend.
The stock's weekly chart is picture perfect for bulls.
This year, EMS' net should rise 14% to $1.15 a share from $1.01 a year ago. The stock sells with a 25 price-earnings ratio, which is reasonable. Revenue growth is running around 7%. The company is benefiting from a recent restructuring.
Going out to 2008, profit growth should accelerate. Net is expected to be up 19% to $1.37 a share.
EMS had good fourth quarter net that came in at 33 cents a share from operations. That topped the 27 cents expected by the Street.
TTD sees the key to the stock near-term is the first quarter. That is when earnings are expected to leap 49% to 25 cents a share from 17 cents a year ago. The highest estimate on the Street is at 27 cents a share.
Strategy Opinion: EMS is one of those new issues that is still showing its muscle. TTD is calling for EMS to advance to 37 within the next few months. A protective stop can be placed near 25. TTD rates EMS a good intermediate-term play.
Sponsorship: Very Good. The largest fund holder is 5-star rated Fidelity Capital & Income Fund with a 1.7% stake. It has held its position steady. The largest fund buyer recently was FMA Small Company Portfolio which purchased 185,000 shares.
Insider Activity: Neutral. Insiders were light buyers around 24 and sellers around 25. Seven analysts follow the stock, 3 have a buy, up from 2 three months ago.
| TTD's Breakout Profile
Rating Emergency Medical Services Corp. (EMS) |
| 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 | 14 | 0 | 0 |
(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.
(Trading strategy: One should buy breakout stocks at breakpoint by using market order or stop buy)
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 - 8,200
Long-Term Environment for bears: Unfavorable.
Bear Side - Small list of breakdowns today. Bears be slective looking for stocks with damaged fundamentals.
(Trading strategy: These stocks can be sold short, or if held should be sold. If a stock is sold short, a protective stop buy should be placed. Short plays work best when the stock market is in a down trend.)
TIBX, based in Palo Alto, Ca., makes software that enables customers to integrate, manage, and monitor enterprise applications and information. Annual revenues: $517 million. TIBX gaps lower today to trigger a TTD short play. The company came in with net for the fiscal first quarter ended Feb. 28 which was in line with Street estimates. However, the stock gapped lower. Volume swelled to 12 million shares, triple its normal daily volume of 3.6 million shares.
TTD's clip of the tape shows the stock began to come under selling pressure early in the day. A big block of 2,000 shares crossed the tape on a down tick to 8.90 from the prior trade at $8.91.
The company reported first quarter net of 7 cents a share compared with 5 cents a year ago. The consensus Street estimate was at 7 cents.
For the upcoming fiscal second quarter ending May 30, analysts expect TIBX to show flat earnings at 8 cents a share.
TIBX's software includes applications for coordinating business processes and workflows, securely exchanging information with trading partners, creating and maintaining XML-based documents, and managing distributed systems. It services the financial services, and health care industries.
The stock's technicals are bearish. The TTD momentum indicator (top of the chart) is now bearish. The accumulation - distribution line rolled over several weeks ago. TTD sees TIBX a trading short for aggressive bears. TTD is targeting the stock for a decline to 6 within the next few months, or sooner.
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. Some of the charts are from Telescan, Insight Trading, First Alert and other sources.)