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.
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.
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)
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 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 email@example.com.For service, email Beverly Owen firstname.lastname@example.org. TTD’s Tel: 1-480-926-1680.
Total Buy Breakouts so far today - 5
Overall Quality of Breakouts - AVERAGE
Stocks Screened - 8,300
Bull side - Breakout list small and dominated by Gold stocks. Domino's Pizza, featured on Wednesday, breaks out. Bulls be careful.
(Put mouse on Dow chart to see Nasdaq chart)
Long Term Environment for bulls: Neutral
Stock Market Momentum
Market (Daily) - NYSE Bearish, Nasdaq Bearish
Market (Weekly) - NYSE Bullish, Nasdaq Bullish
Market (Monthly) - NYSE Bullish, Nasdaq Bullish
Ticker Tape Digest's
TTD's Quality Rating of Stock - AU - AVERAGE
AU, based in Johannesburg, South Africa, operates gold mines and explores for gold. Annual revenues: $4 billion. AU's stock pushes higher Thursday to breakout from a six-week flat base. The move coincides with strong action in the gold sector, which has moved up strongly this year.
TTD highlighted AU as a breakout at our midsession video show on the Web Thursday.
So far today, AU is trading 5.6 million shares. That is also its average daily volume.
AU's 10-minute chart shows the stock advancing strongly in the morning and clearing its breakpoint line.
The stock reached an intraday high of $14.56 in the morning.
The stock then gave some ground in the late afternoon, but held above its breakpoint.
AU's tape action shows the recent block trades.
One can see the price for the blocks climbing from $13.89 in the prior session to as high as $14.41 during Thursday.
The tape was exceptionally bullish.
The largest block of the day of 246,900 shares crossed in the afternoon at $14.41.
That was on an up tick from a big block sequence started at $14.10 on 44,834 shares.
Then near the close at block of 129,976 shares crossed at $14.21. That was up from the prior block trade at $14.19 on 19,764 shares.
AU operates as a gold mining and exploration company.
The company also produces silver, uranium oxide, copper, and sulphuric acid.
Its portfolio includes 17 mines in South Africa, Continental Africa, Australasia, and the Americas.
AU was started in 1944.
AU's 12-month performance chart shows the stock appreciating 48% versus a breakeven for the stock market.
The stock moved higher after its most recent earnings report.
AU's long-term chart shows the past nine years. AU's stock came public back in 1973
The stock hit an all-time high of $62.20 in 2006. That is adjusted for a 10-for-1 stock split in 1983.
Since 2006, the stock trend lower and touched $5.64 last year. However, since then AU has been on the move higher. Also, the gold sector is now in play.
AU's daily chart shows the stock advancing from around 5 back in December to a peak near 14 by March.
It formed a tight flat base with a wedge to the upside.
The breakout looks solid as other gold issues advanced too.
Gold stocks tend to move in harmony.
The stock's CCI momentum indicator (bottom of chart) is bullish.
The accumulation - distribution line is working higher complimenting the price action.
This year, analysts are forecasting a 202% surge in profits to 76 cents a share from 25 cents a year ago.
The stock sells with a price-earnings ratio of 18. TTD sees that as low given the current growth rate.
Going out to 2017, the Street looks for a 14% increase in net to 86 cents a share from the anticipated 76 cents this year.
There were no quarterly estimates of earnings.
Strategy Opinion: TTD is targeting AU for a move to 18 off this breakout.
A protective stop can be placed near 12.50.
TTD rates AU a good intermediate-term play provided earnings remain on course and gold stocks in play.
Sponsorship: Good. The Franklin Income A Fund, 3-star rated was a recent buyer of 10 million shares as a new position. It has a 2.5% stake.
AU has 405 million shares outstanding.
Insider Activity: Not available.
Currently, 5 analysts follow the stock, 4 have a buy, the same as three months ago.
AU has a book value of $6 a share.
Stock Performance Chart with Quarterly Earnings Markers.
|TTD's Breakout Profile
Anglogold Ashanti Ltd. - (AU)
|TTD Check List||Bullish||Bearish||Neutral|
|Near 52-week High||YES|
|Price Trend - Daily||YES|
|Price Trend - Long Term||YES|
|Price Daily Spread||YES|
|Base - A-D||YES|
|Prior Breakout Success||YES|
Charts of Selected Breakout Stocks
|TTD's Quality Rating of Stock - DPZ - ABOVE AVERAGE|
|TTD's Quality Rating of Stock - SA - AVERAGE|
|TTD's Quality Rating of Stock - AGI - AVERAGE|
|TTD's Quality Rating of Stock - AOSL - BELOW AVERAGE|
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 - 8,300
Long-Term Environment for bears: Neutral.
Bear Side - Large list of breakdown stocks Thursday. Bears be selective. Stock market now working lower.
TTD's short from Wednesday was Matson Inc. (MATX) at 36.01. It closed at 35.87 Thursday. It is working well for bears.
CONN, based in the Woodlands, Tex., sells furniture and appliances. Annual revenues: $1.6 billion. CONN's stock falls sharply Thursday and undercuts key technical support. So far today, CONN is trading 1.5 million shares. Its average daily volume is 1 million shares.
TTD highlighted CONN has a short at our midsession video show on the Web Thursday.
The stock fell steadily in the morning and touched a low of 10.45 around noon.
The stock lifted slightly, but the faded again to finish near its low for the session. That is bearish.
CONN's tape action shows the recent block trades.
One can see the price for the blocks falling from $12.25 a few sessions ago to as low as $10.48 Thursday.
A key bearish trade Thursday came when a block of 11,585 shares crossed the tape at $10.89.
That was down from the prior block at $11.47 on 12,369 shares.
CONN's stores sell home refrigerators, freezers, washers, dryers, dishwashers, and ranges, furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom.
Analysts are forecasting a 39% drop in earnings for the fiscal first quarter ending in April to 27 cents a share from 44 cents a year before. The lowest estimate on the Street is at 17 cents a share. So, some look for a big drop.
For the fiscal second quarter, net is expected to decline 30% to 33 cents a share from 47 cents the year before.
Overall, for the fiscal year ending in January of 2017, the Street expects net to be up 14% to $1.18 a share from $1.03 a year before.
CONN's daily chart shows the stock falling from 27 back in November to 11 by January. The stock rallied to 21, but fell back again. It has formed a head-and-shoulder pattern and now breaks down with a pick up in volume.
Strategy Opinion: TTD is targeting CONN for a decline to 8 within the next few months, or sooner. A protective stop buy can be placed near 11.50.
|TTD's Quality Rating of Stock - CONN - BELOW AVERAGE|
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.”
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(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.)