Daily - Go to TTD's Tape of  Stock Charts - Tuesday, April 10

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List and Performance - Tuesday, April 10

Ticker Tape Digest

Tuesday - April 10, 2012

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 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.

  Breakout Stocks

Total Buy Breakouts so far today - 0

Overall Quality of Breakouts - N/A

Stocks Screened - 8,300

Bull side -  No breakouts as stock market moves broadly lower. Momentum has shifted to the downside. Bull be watchful of all stops. Chance for a relief rally since overall tend has been up.

 (Put mouse on Dow chart to see Nasdaq chart)

Long Term Environment for bulls:  Favorable

Market (Daily) - NYSE Bearish, Nasdaq Bearish

Market (Weekly) - NYSE Bearish, Nasdaq Bearish

Market  (Monthly) - NYSE Bullish, Nasdaq Bullish 

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action - April 10

(See Top Performing Breakout Stocks for 2011- 2012)

(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 )  

   None

Today's Featured TTD Stock

(No breakouts today. So, TTD features a recent breakout that is working well.)

Benihana Inc. (BNHN) - 12.80 - Breakpoint 12

Profits to Soar In Fiscal 2012 and 2013, TTD Targets 16

    BNHN, based in Miami, Fla., operates teppanyaki-style restaurants. Annual revenues: $342 million. BNHN's stock is acting strong and was a recent breakout. Today, TTD features BNHN since we found no breakouts Tuesday. BNHN broke out from its base at 12 recently It has been consolidating and holding above its breakpoint. BNHN is a "double play." The company is showing strong profits and is a potential takeover.

  Tuesday, BNHN was unchanged and holding its ground at $12.80. The action was good considering the stock market fell broadly and sharply.

  BNHN is trading a light 53,221 shares. Its average daily volume is 72,000 shares.

  The stock's 60-minute chart shows the spike move higher on the breakout. Since then BNHN has pulled back and is trending sideways and holding its ground.

  The company did announce a few months ago that it would consider a buyout. It then earlier this year repeated the same news. So, a takeover always looms. That of course could results in a jump in the price of the stock.   

  TTD's clip of the tape shows the stock holding its ground.  

  A key bullish trade today came late in the day when a block of 1,300 shares crossed at $12.82. That was up from the prior block trade at $12.79. So, even though the stock market was taking a big hit, some institutions were willing to step up and buy.

  BNHN, runs the Benihana restaurants. It also operates two other Asian restaurant concepts: RA Sushi and Haru.

  The Benihana teppanyaki restaurant, offers teppanyaki-style Japanese cuisine in which fresh steak, chicken and seafood are prepared by a chef on a steel teppan grill at the center of the guests’ table.

 The company's RA Sushi concept offers sushi and a full menu of Pacific-Rim dishes featuring upbeat design elements and contemporary music.

Its Haru restaurant offers an extensive menu of traditional Japanese and Japanese fusion dishes in a modern, urban atmosphere, as well as take-out and delivery services.

 The company has 63 benhana restaurants, including one restaurant under the name Samurai; franchise 20 additional Benihanas; owned and operated 25 RA Sushi restaurants, and owned and operated eight Haru restaurants.

  BNHN's 12-month performance chart shows the stock appreciating 50% versus a 4% gain for the S&P500 index.

  BNHN's long-term chart shows the stock going back to 2000. It soared from 7 to a peak of  $24.72 by 2007.  It then fell sharply in the bear market to $1.50. It has since staged a strong rally the pat three years.  

  BNHN's daily chart shows the stock advancing from 7 back in August to 12 by January. The stock then went into a flat basing pattern.

  The stock then broke out from its base in March and then followed through to the upside.

  The stock is now consolidating and holding after its breakout.

  The stock's TTD momentum indicator (top of chart) is modestly bullish.

  The accumulation - distribution line (bottom of chart) is in an up trend. That shows continued good buying.

  TTD sees the key to BNHN being its strong earrings outlook.

  Analysts forecast net for the fiscal year ending March 30, 2012 will climb to 34 cents a share from 2 cents a year ago. The stock sells with a price-earnings ratio of 37. TTD sees that as reasonable.

  Going out to fiscal 2013 ending in March profits are projected to climb 35% to 46 cents a share from the anticipated 34 cents this fiscal year.

  Near-term, BNHN is poised to show strong quarterly results.

  Earnings for the fiscal fourth quarter ending March 30 should leap to 15 cents a share from 2 cents a year ago. The highest estimate on the Street is at 21 cents a share.

  Going out to the fiscal first quarter ending June 30, net should rise 32% to 19 cents a share from 14 cents the year before.

  The company recent initiated a quarterly dividend.

  Strategy Opinion:  TTD is targeting BNHN for a move to 16 within the next few months, or sooner. A protective stop can be placed near 10.50. TTD rates BNHN a good intermediate-term play most suitable for aggressive investors.

  Sponsorship: Very Good. A key buyer recently was 4-star rated Royce Pennsylvania Mutual Invest. Fund which purchased 179,700 shares. It has a 1% stake.  Also, 4-star rated RBC Small Cap Trust Fund was a recent buyer of  86,219 shares. Institutions hold 52% of BNHN's stock. BNHN has 17.9 million shares outstanding.

  Insider Activity: Bullish. Insiders did some light buying using stock options at $7.55. Very little selling the past six months. Three analysts follow the stock 2 have a buy, the same as three months ago.   

 Stock Performance Chart with Quarterly Earnings Markers

  Insider Activity - Buying in Green - Selling in Red

Charts of Selected Breakout Stocks

None

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 - 20 - Maximum

Stocks Screened - 8,300

Long-Term Environment for bears: Unfavorable.

Bear Side -  Large number of breakdown stocks today. Stock market declines broadly. Bears be selective as market still is in an overall up trend and now pulling back. TTD's short from Monday was Bridgepoint Education Inc. (BPI) at 21.50. The stock has declined to $20.38 and is working well for bears.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Navios Maritime Partners  (NMM) - 14.88, down 0.93

Greek Firm's Profits to Drop 9% This Year, TTD Sees Decline to 12

  NMM operates dry cargo vessels. Annual revenues: $187 million. NMM's stock drops sharply today causing the stock to cut below near-term support. The decline comes on volume of 532,764 shares, double its normal daily volume of 201,000 shares. The Street is forecasting lower earnings this year for NMM. TTD sees more on the downside.

  TTD highlighted NMM as a short at our midsession video show on the Web Tuesday.

  The stock worked lower through most of the day into the early afternoon. It hit an intraday low of 14.75. The stock then lifted slightly in the late afternoon.

  The stock's tape action shows clear selling pressure from institutions. The price for the recent block trades has declined from $16.68 to $14.88. A key bearish trade came in the morning when a block of 8,102 shares crossed the tape at $15.80. That was down sharply from the prior block trade at $16.18.

 NMM's ships carry iron ore, coal, grains and fertilizers. It charters its vessels under medium to long-term charters. Navios Maritime Partners L.P. is based in Piraeus, Greece.

 This year, analyst are forecasting a 9% decline in net to $1.28 a share from $1.40 a year ago. Net for the upcoming first quarter should decline 6% to 33 cents a share from 35 cents a year ago.

  NMM's daily chart shows the stock cutting sharply lower and below key support. The stock's accumulation - distribution line (bottom of chart) is in a down trend indicating clear selling pressure in recent weeks.

   Strategy Opinion:  TTD is targeting NMM for a decline to 12 within the next few months, or sooner. A protective stop buy can be placed near 15.50.

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.

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.)