Daily - Go to TTD's     Chart scroller of  Breakout Stocks    - Wednesday -  March 31, 2021

{short description of image}

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List  - Wednesday - March 31, 2021

Daily - Bullish Aggressive Investor - Go To TTD Quick Trade Setups (74% win rate) - Wednesday - March 31, 2021

Go To Prior Days TTD "Reports"


Go to TTD's Stock Market Video Show for Wednesday,  March 31, 2021 - Feature Breakout Stock - Boston Beer Co. - (SAM) - 13 minutes


Go to TTD Stock Market Shows for Latest Week:

Monday - Key Feature Stock - Textainer Group Holdings Ltd.  (TGH) - (12 - minutes)

Tuesday- Key Feature Stock - VirTra Inc. (VTSI) - 10 -minutes)

Wednesday- Key Feature stock - Boston Beer Co. (SAM)  - 13 minutes)

Thursday- Key Feature Stock - Ensign Group Inc.  (ENSG) - (10 minutes)

Friday - Key Feature Stock - Ubiquiti Inc. (UI)  - (14 Minutes)


Go to Video Show - "How to Make Money With Breakout Stocks


{short description of image}

Ticker Tape Digest

Wednesday - March 31, 2021

TTD does not publish Thursday. We resume Monday.


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.

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)

   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.

Quote or chart

   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.


Wednesday - March 31, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  8

Quality of Breakouts -  Below Average.

Stocks Screened - 12,234

Bull side -  Large list of breakouts with a few good looking plays.

Stock market  -  Major averages now bullish in all time sectors thanks to a good move higher by the Nasdaq.

Comment -  Chances now for some good breakouts as April tends to be a very bullish month. The key will be to follow closely the coming earnings reports, especially when a firm tops the highest estimate on the Street.

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

Stock Market Momentum

(Daily is based on a moving average)

Market (Daily)

 Market (Weekly)

 Market (Monthly)  

 Dow - Bullish

 Dow - Bullish

 Dow - Bullish

  Nasdaq - Bullish

  Nasdaq - Bullish

Nasdaq - Bullish

   S&P 500 - Bullish

  S&P 500 - Bullish

  S&P 500 - Bullish


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

Kadant Inc. (KAI) - 185.01, up 4.34 - Breakpoint 181.97

Net To Climb 17% This Year, TTD Targets 220

      TTD's Quality Rating of Stock - KAI -  AVERAGE

  KAI, based in Westford, Ma., sells components for flow control and industrial processing. Annual revenues: $635 million. KAI's stock moves sharply higher Wednesday and breaks out from its six-week, flat base.

  The move carries the thinly traded stock to a new all-time high. That is bullish.

  So far today, KAI is trading 67,309 shares. Its average daily volume is 61,200 shares.

  TTD sees potential for more on the upside.

  TTD highlighted KAI as a breakout at our midsession video show on the web Wednesday.

  KAI's stock was up $4.99 in after-hours trading.

  KAI's 10-minute chart shows the stock moving above its breakpoint in the morning.

  The stock reached a peak at $187.25 in the morning.

  The stock then trended sideways. In the afternoon, the stock reached an intraday high of $187.83.

    Tape Action

  KAI's tape action shows the recent block trades.

  One can see the price for the blocks climbing from  $180.67 in the prior session to as high as $187.24 in the morning.

  A key bullish trade came in the morning at the opening when 256 shares crossed the tape at $181.88.

  That was up from the prior block at $180.67 that crossed in the prior session on 7,237 shares.

  Near the close a big block of 20,793 shares crossed at $185.01.

  That was down from the prior block at $185.35 on 200 shares.

  That would indicate some profit taking.

   Business

  KAI supplies components and engineered systems used in process industries.

The company operates through three segments: Flow control, industrial processing and material handling.

  Some of its products include Octopus stock approach system, vacuum control systems, wear surfaces, direct steam injection heaters, chip screening, disposable knife system, PAAL Konti automatic channel baler and PAAL Pacomat channel baling presses.

  Charts

  KAI's long-term chart shows the stock climbing from $40 in 2016 to $87 by late 2017.

  The stock then trended sideways until early 2020 when it fell to $90 in early 2020 during the stock market sell off.

  However, since then KAI has been driving higher.

  KAI's daily chart shows the stock climbing from  $127 in December to a peak at $181 by March.

  The stock put down a tight flat base.

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

  The stock's CCI momentum indicator is strongly bullish.

   Earnings Outlook

  This year, analysts predict a 17% increase in net to $5.83 a share from the $5 a share the prior year.

  The stock has a price-earnings ratio of 31.

  Looking out to 2022, the Street projects a 12% rise in net to $6.55 a share from the anticipated $5.83 this year.

  Net for the first quarter should be up 25% to $1.36 a share from the $1.09 the prior year.

  The highest estimate on the Street is at $1.42 a share.

  The company beat the Street estimate the past four quarters by 24 cents a share, 32 cents, 32 cents and 25 cents.

  Profits for the second quarter should jump 29% to $1.37 a share from the $1.06 the prior year.

Strategy Opinion:  TTD is targeting KAI for a move to $220 within the next few months, or sooner.

A protective stop can be placed near $176.

Intermediate-Term Rating: Average.

Suitability:   Average Bulls.

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

Breakout Success

Bullish

  KAI scored good gains off recent breakouts.

Response to Net

Bullish

  KAI rose 10 times after 15 earnings reports.

Seasonal Success

Bullish

  KAI avg. gain 6.9% in April, 6.8% in May prior years.

Earnings Beats

Bullish

  KAI beat Street net estimate 20 times after 20 reports.


           Stock's Prior Performance After A Breakout

Stock's % Change from Breakout to peak - prior  to cut below 50-day M/A.

Date of Breakout

Break point Price

Stocks Price Peak after Breakout - prior to cut below 50-day M/A

  Date Trade Closed

             18%

   2/22/2021      157.19        185.01    Still in play

             28%

   11/3/2020      120.52        154.60    1/14/2021

             23%

   10/31/2019        90.80        111.79    2/4/2020

             23%

   5/4/2017        65.55         80.45    6/9/2017

(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

      TTD's Quality Rating of Stock - TDY - AVERAGE

      TTD's Quality Rating of Stock - NVMI -  AVERAGE

      TTD's Quality Rating of Stock - CLF -  AVERAGE

      TTD's Quality Rating of Stock - OMP -  AVERAGE

 


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  - 1

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Only one short. Bears be conservative and watchful for earnings.


List of Stocks To Sell or Short


TTD’s Feature Bear Play

Romeo Power Inc. (RMO) - 8.33

Loss Seen This Year and Next, TTD Sees Drop to 6.70

  RMO, based in New York, is an energy provider of battery and other products. Annual revenues: Not available. RMO's stock gaps lower Wednesday and undercuts key technical support.

  So far today, RMO is trading 20 million shares, triple its average daily volume of 6.4 million shares.

  TTD sees potential for more on the downside.

  RMO's stock fell sharply in the morning and undercut key technical support

  The stock drifted down to $8.31 late in the afternoon.

  It lifted slightly near the close.

  In after hours trading the stock was up 17 cents a share.

   Tape Action

  RMO's tape action shows the recent block trades.

  One can see the price for the blocks falling from  $10.37 in the prior session to as low as $8.32 late in the day.

  A key bearish trade came in the morning when a big block of 365,741 shares crossed the tape at $8.50.

  That was down sharply from the prior block the prior session at $10.37 on 3.3 million shares.

  Business

 RMO delivers electrification solutions for commercial use.

 The company makes lithium-ion battery modules and packs for commercial electric vehicles.

 RMO’s end-to-end engineering capabilities include cell science, mechanical, thermal, electrical, firmware systems, and stress. Its modules include Hermes and Brown Recluse. The Hermes module is for trucks and buses.  

 Earnings:

  This year, analysts predict a loss of 52 cents a share compared with a loss of 54 cents the prior year.

  Looking ahead to 2022, they predict a loss of 56 cents a share.

Charts:  

  RMO's daily chart shows the stock spiking up to $38 in December. However, since then it has been all down hill.

  The stock gaps lower Wednesday to a multi-year low.

Strategy Opinion: TTD  is targeting RMO for a decline to $6.70 within the next few months, or sooner. A protective stop buy can be placed near $8.85

Suitability:  Aggressive Bears.

  TTD's Stock Probability research of Prior Performance:  

Response to Net

Bearish

 RMO fell 1 time after 1 earnings reports.

Seasonal Success

Bullish

 RMO rose avg 0.2% in April, lost 0.1% in May prior years.

Earnings Beats

Bearish

 RMO beat Street estimate 19 times after 20 reports.


   TTD's Quality Rating of Stock  - RMO -  BELOW AVERAGE


   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.”

{short description of image}

   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.)