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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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To email Leo leo@tickertapedigest.com.For service, email Beverly Owen owen@tickertapedigest.com. TTD’s Tel: 1-480-926-1680.
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Total Buy Breakouts so far today - 42
Stocks Screened- 8,200
Bull side - Big rally! Breakout list expands sharply with some very good growth strocks breaking out. Bulls be aggressive.
Long-Term Environment for bulls: Favorable.
Market Status (Daily) - NYSE Bullish, Nasdaq Bullish
Market Status (Weekly) - NYSE Bullish, Nasdaq Bullish
VDSI, based in Oakbrook Terrace, Il., provides services for electronic banking. Annual revenues: $76 million. VDSI breaks out from a six-week, cup-and-handle base today and hits a new high on a big expansion in volume. The stock is a leader in the microcap area. So far today, VDSI is trading 1.7 million shares, triple its normal daily volume of 464,000 shares.
The tape action was good in the morning. TTD spotted a big block of 32,891 shares crossing on a nice up tick to $18.47 from the prior trade at $18.44.
The push to a new high could well bring in buying on Wednesday from the "new-high crowd."
The company's Digipass product features security tokens, handheld devices, and related software used for authenticating a person's identity to computer networks.
The company's products incorporate authentication and digital signature security technologies, and can be used to secure intranets and extranets, as well as local area networks (LANs).
VDSI's products are used to provide remote workers with secure access to corporate networks and e-commerce transactions.
TTD's daily chart shows the strong advance VDSI has made in recent months. The current base was a well formed, cup and handle pattern showing a good dryup of volume near the lows.
Today's breakout freatures a good expansion in the trading spread (range from high to low for the day).
The stock's accumulation - distribution line is in an overall up trend. The TTD momentum indicator is slightly bullish. However, we expect that to move higher.
TTD's long-term chart of VDSI shows the fall in the bear market, the bottoming pattern and now the emerging bull market for VDSI.
This year, VDSI's net should climb 42% to 47 cents a share from 33 cents a year ago. The stock sells with a price-earnings ratio of 40. Next year, VDSI's profits should increase 35% to 63 cents a share.
The company is benefiting from good revenue growth and a tendency to surprise the Street in a positive way with quarterly earnings. In the most recently reported fourth quarter, VDSI had net of 13 cents a share. The Street was looking for 11 cents a share.
For the upcoming first quarter this year, VDSI's profits should surge 100% to 10 cents a share from 5 cents a year ago. The highest estimate on the Street is at 11 cents a share. TTD sees chances for an upside surprise.
Strategy Opinion: VDSI has it all going for it now - strong earnings and stock in a solid up trend. TTD is targeting VDSI for a move to 24 within the next few months, or sooner. A protective stop can be placed near 16.50. TTD rates VDSI an excellent intermediate-term play provided earnings continue strong.
Sponsorship: Good. The largest fund buyer lately was 4-star rated Allianz CCM Emerging Companies Fund which purchased 347,000 shares. It is now the second largest fund holder at 1%. Another key buyer was the American Century New Opportunity II Fund which added 126,000 shares.
Insider Activity: Neutral. Not much action lately. Six analysts follow the stock, 3 have a buy, the same as three months ago.
| TTD's Breakout Profile
Rating Vasco Data Security Intl. (VDSI) |
| 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 - 3
Stocks Screened - 8,200
Long-Term Environment for bears: Unfavorable.
Bear Side - Very little for bears today. Bears be conservative as the market rallies.
(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.)
IRIX, based in Mountain View, Ca., makes semiconductor-based laser systems used to treat three major causes of blindness: macular degeneration, glaucoma, and diabetic retinopathy. Annual revenues: $38 million. IRIX falls sharply today with massive volume after the company reported a loss and lower revenues.
The stock took a big dive in the morning and remained under selling pressure throughout the day. So far today, IRIX is trading 475,426 shares, 20 times its normal daily volume. The stock is down almost two points.
A look at TTD's clip of the tape shows the stock taking a price dive from $9.35 to 8.94 early in the day. It moved lower as the day moved on.
IRIX reported a fourth quarter loss of 48 cents a share compared with a profit of 5 cents a share a year ago.
The company's products are sold primarily under the OcuLight name.
IRIX also makes lasers and related equipment for hair removal and treatment of vascular and pigmented lesions. The company markets its products through a direct sales staff and through distributors in some 110 countries.
The stock's fundamentals are bearish and so are the technicals. The stock is in a free fall. The TTD momentum indicator on our chart is very bearish for IRIX. TTD is targeting the stock for a decline 5 within the next few months. TTD sees the stock as a very good bear play for aggressive bears.
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.)