Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for Wednesday, April 1
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Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for Wednesday, April 1 |
| Go to Video Show - "How to Make Money With Breakout Stocks" |
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Go to Video Show - "How to Make Money With Breakout Stocks" |
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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 positions both as trades or for longer-term plays. These stocks
will do very well during bear markets or market corrections
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.
TTD often suggests using stop buy orders to enter. It is very important to buy a breakout stock as close as possible to the break point. 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.
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.
Stocks Screened - 8,200
Bull's Strategy - Only one breakout today. Market acting well near-term. Key is for a pick up in volume on up days. Long-term indicators are bullish. Bulls be selective keeping in mind a company's earnings report.
(Put mouse on Dow chart to see Nasdaq chart)
Long Term Environment for bulls: Neutral
Market (Daily) - NYSE Bearish, Nasdaq Bearish
Market (Weekly) -NYSE Bullish, Nasdaq Bullish
Market (Monthly) NYSE Bullish, Nasdaq Bullish
| TTD's Quality Rating of Stock - GHL - AVERAGE |
GHL, based in New York, is an investment back that provides financial services on mergers and restructures. Annual revenues: $220 million. GHL's stock breaks clear of its base today with a strong move higher on expanding volume. The stock is one of the best performers today. So far, in this session, GHL is trading 508,085 shares, almost double its normal daily volume of 322,000 shares. 
GHL's stock moved higher in the morning, rested through midday and then came on again in the afternoon.
TTD's clip of the tape shows a block of 1,100 shares crossing on a modest up tick to $76.85 from its prior trade at $76,80.
GHL tends to be a slow moving stock. It has a beta of 0.78 versus the beta of the stock market (S&P 500) of 1.00.
GHL gets 80% of its revenues from financial advisory services, such as mergers and acquisitions and restructuring, and 20% from managing fees and coinvestment gains in private-equity funds.
It gets 50% of its revenues from outside the U.S.
The stock has been a good performer. TTD's performance chart shows GHL's stock appreciating 60% the past nine months. That compares with a 35% decline in the S&P 500 index.
The company has been expanding by adding more advisors to its staff.
TTD's long-term chart shows GHL's stock climbing from 20 in 2004 to 77 by 2006. The past few years the stock has been in a trading range. The current action indicates it is now emerging from the long-term base. That is very bullish. 
TTD's daily chart shows GHL clearing key resistance near 75. The stock broke out a few sessions ago but the slipped back into the base. Its move higher today is encouraging for bulls in that the price spread today (range from high to low) has widened. That shows ease of price movement.
The stock's TTD momentum indicator (top of chart) is strongly bullish.
The accumulation - distribution line (bottom of chart) is in an overall up trend.
This year, analysts predict GHL's earnings will soar 80% to $3.12 a share from $1.74 a year ago. The stock has a price-earnings ratio of 24 which is reasonable.
Next year, analysts predict a 13% increase in net to $3.52 a share.
The company should post a strong first quarter with profits climbing 25% to 85 cents a share from 68 cents a year ago.
The highest estimate on the Street is at $1.57 a share. So, there are some who think the company could post a big quarter.
The company tends to be erratic with earnings when compared with Street estimates. However, in the latest quarter it did top the consensus estimate by 21 cents a share, or by 91%. So, it does have the capacity to surprise big time.
Strategy Opinion: TTD is impressed by GHL's technical action. We are targeting the stock for a move to 90 within the next few months, or sooner. A protective stop can be placed near 72. TTD rates GHL a good intermediate-term play provided earnings meet or top expectations.
Sponsorship: Very Good. The largest fund buyer recently was 4-star rated Federated Kaufmann Fund which purchased 430,000 shares. The largest fund holder is 3-star rated Morgan Stanley Inst. Small Co Growth Fund with a 2.8% stake. GHL has 28 million shares outstanding. Funds hold 9.2 million shares.
Insider Activity: Slightly Bullish. Insiders have been light buyers of the stock in recent months. Two analysts follow the stock, and both are neutral.
Stock Performance Chart for 9 months with Quarterly Earnings Markers.
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TTD's Profile Rating Greenhill & Co. - (GHL) |
| TTD Check List | Bullish | Bearish | Neutral |
| Near 52-week High | YES | ||
| Volume Expansion | 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 | 11 | 0 | 3 |
(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.
Charts of Breakout Stocks
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 - 6
Stocks Screened - 8,200
Long-Term Environment for bears: Neutral
Bear Side - Small list of breakdown stocks today as stock market rallies. Bears be selective, but aggressive. Earnings disappointments will dominate good plays on the bear side.
(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.)
CELG, based in Warren, N.J., is a medical firm engaged primarily in the discovery, development and commercialization of orally administered, small molecule drugs for the treatment of cancer and immunological diseases. Annual revenues: $2.3 billion. CELG's stock fall sharply today after the company lowered its earnings forecast for the first quarter.
So far today, CELG is trading a hefty 32.1 million shares, five times its normal daily volume of 6.4 million shares.
The stock fell sharply in pre-market trading. It worked lower in the morning hitting a bottom around noon. It lifted a bit in the afternoon.
TTD's clip of the tape shows the big block trades. One can sees a big block going off late on Tuesday at $44.40. The stock then traded lower quickly in the morning sliding to $37.85 on big block trades. The selling pressure was heavy in the morning.
CELG said net for the firs quarter would come in around 41 cents a share. That was below the 45 cents expected by the Street. The lowest estimate was at 41 cents a share. A year before, CELG earned 34 cents a share. The stock has a high price-earnings ratio.
The company said for the year net would be $2.05 to $2.15 a share. The Street was looking for $2.16 a share.
TTD's daily chart shows the gap drop in CELG's stock today. The stock knifes below key support. TTD sees the selling pressure continuing and we look for a move lower.
Strategy Opinion: TTD is targeting CELG for a decline to 32 within the next few months, or sooner. TTD sees the stock as a trading short. A protective stop buy can be placed near 39.
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.)
