Daily - Go to TTD's Chart scroller of  Breakout Stocks - Thursday, March 30, 2017

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List and Performance - Thursday, March 30, 2017

Daily - Bullish Aggressive Investor - Go To TTD Quick Trade Setups (74% win rate) - Thursday, March 30, 2017

Ticker Tape Digest

Thursday -  March 30, 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.

 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: 1-480-926-1680.

Thursday - March 30, 2017

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts so far today - 12

Quality of Breakouts - Average

Stocks Screened - 12,234

Bull side -  Good number of breakouts with some tech plays moving higher. Bulls can be venturesome.

Stock Market Trend

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action - Thursday

(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

Western Digital Corp. (WDC) - 83.75, up 2.36 - Breakpoint 81.86

Quarterly Profit Growth to Accelerate, TTD Targets 100

   WDC, based Irvine, Ca., makes data storage devices such as hard disk drives. Annual revenues: $15.9 billion. WDC's stock breaks out Thursday from a 10-week flat base. Annual revenues $15.9 billion.

  TTD highlighted WDC as a breakout at our midsession video show on the Web Thursday.

  So far today, WDC is trading a heavy 6.7 million shares. Its average daily volume is 3.6 million shares.

 WDC's stock drove higher in the morning clearing its breakpoint line. (See chart)

  The stock drove higher through most of the day achieving an intraday high of $84.27 well above its breakpoint line.

   Tape Action

  WDC's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $80.94 in the prior session to as high as $84.17 Thursday.

  A key bullish trade came late on Wednesday when a block of 101,832 shares (duplicated) crossed the tape at $81.39.

  That was up sharply from the prior block trade at $80.94 on 13,500 shares.

  Near the close Thursday a massive block of 543,918 shares (duplicated) crossed the tape at $83.75.

  That came on a down tick from the prior trade at $83.83 on 1,600 shares.

  The tape action would indicate some institutional profit taking.

  Business

  WDC makes data storage devices and solutions used by the information technology  industry.

  WDC's products are used in datacenters and solutions for individuals

 They include hard disk drives, enterprise solid state drives, datacenter software and system solutions.

WDC's client devices cover removable products, hard drive content solutions and flash content solutions.. The company also makes recording heads and magnetic media.

Charts

  WDC's 12-month performance chart shows the stock appreciating 80% versus a 15% gain for the stock market.

  WDC insider trading shows insiders buying around $25 to $43 a share recently. They were sellers around $64 to $79 a share.

  WDC's long-term chart shows the stock reaching a peak in 2009 at $47.44. The stock then trended in a trading range unil early 2013.

  Then WDC broke out and ran up to its all-time high of $114.69 in late 2014.

 Thes stock then went into a stiff down turn falling to around $40 last year.

  The stock has now turned up and has doubled the past 10 months.

  WDC's daily chart shows the stock advancing from around $60 in November to a peak near $81 by January.

  The stock put down a tight flat base above its rising 50-day moving average line.

  The breakout Thursday is solid coming with expanding volume and a widening of the daily spread.

  The CCI momentum indicator is strongly bullish.

  Earnings Outlook

  This fiscal year ending in June, analysts are forecasting a 38% jump in net to $7.03 a share from $5.09 a year before.

  The stock has a price-earnings ratio of  38. TTD sees that as reasonable.

  Going out to fiscal 2018 ending in June the Street expects a 12% increase in net to $7.87 a share from the anticipated $7.03 this fiscal year.

  Net for the next two quarters will show a significant acceleration in quarterly earnings growth. That is very bullish.

  Net for the upcoming fiscal third quarter ending in March, the Street expects a 48% leap in net to $1.79 a share from $1.21 the year before.

  The highest estimate is at $1.80 a share. WDC has topped the consensus estimate for the past three quarters by 33 cents a share, 13 cents and 7 cents.

  Net for the fiscal fourth quarter ending in June is expected to surge 146% to $1.94 a share from the 79 cents the year before.   

Strategy Opinion:  TTD is targeting WDC for a move to $100 within the next few months, or sooner. A protective stop can be placed near $78.

TTD rates WDC a good intermediate-term play.

Suitability: Average Bulls.

        TTD's special research of  Stock's Prior Performance:  

Probability - Breakout Success:  Above Average.   WDC has scored some great gains after a breakout recently. The stock does well when in a long-term up trend.

Probability - Move after Earnings:  Below Average -  WDC moved higher 6 times after 14 earnings reports.

Probability:  Seasonal Performance - Average -   April tends to be flat but May up sharply.

           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 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

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 - 5

Stocks Screened - 12,234

Long-Term Environment for bears:  Unfavorable.

Bear Side -  Small list of breakdown stocks. Bears be conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Worthington Industries Inc. (WOR) - 45.97, down 4.66

Earnings Disappoint, TTD Sees Decline to 39

 WOR based in Columbus, Ohio, produces steel and other metals. Annual revenues: $2.8 billion. WOR's stock falls sharply Thursday after reporting disappointing earnings for the fiscal third quarter ending in February. TTD sees more on the downside.

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

  So far today, WOR is trading a heavy 1.9 million shares, four times its average daily volume of 463,000 shares.

  WOR came in with nt for the fiscal third quarter of 55 cents a share. That was below the consensus estimate on the Street of 64 cents a share.

  The stock fell sharply in the morning touching $45.57.

  It then trended sideways the rest of the day. Neaer the close there was some very heavy volume.

  Tape Action

  WOR's tape action shows the recent block trades.

  One can see the price for the blocks declining from $50.63 in the prior session to as low as $45.49.

  A key bearish trade came in the morning when a block of 11,622 shares crossed the tape at $47.30.

  That was down from the prior block trade at $50.63 on 18,217 shares (duplicated).

  Near the close Thursday, a massive block of 83,273 shares (duplicated) crossed the tape at $45.97.

  That came on an up tick from the prior trade of 29,500 shares at $45.92. That may indicate some institutional bargain hunting.

Business

  WOR does value-added steel processing and produces manufactured metal products.

The company's segments include steel processing, pressure cylinders and engineered cabs.

 The steel processing segment buys coils of steel from integrated steel mills and mini-mills, and also toll processes steel for steel mills, end users, service centers and other processors.

The pressure cylinders segment manufactures and sells filled and unfilled pressure cylinders, tanks, hand torches, and oil and gas equipment.

Earnings:

This fiscal year ending in May analysts have been forecasting a 32% increase in net to $3.27 a share from $2.38 a year ago.

That estiamte should come down

Net for the fiscal fourth quarter ending in May is expected to decline 9% to 80 cents a share from 87 cents the year before.

Charts:   

WOR's daily chart shows the stock gapping lower with expanding volume. The stock's CCI momentum indicator is bearish.

WOR's performance chart shows the stock up 25% versus a 15% gain for the stock market. However, WOR has been losing ground recently.

Strategy Opinion: TTD is targeting WOR for a decline to $39 withi the next few months or sooner. A protective stop buy can be placed near $48

Suitability: Aggressive Bears.

  TTD's special probability research of  WOR's Prior Performance:  

Probability - Earnings Response -  Average. Stock rose 7 out of the past 13 earnings reports.

Probability:  Best Seasonal Declines - April average gain 1.9%.  Best declining months December off 9%and August off 2.4%

   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 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: 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.)