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 firstname.lastname@example.org. For service, email Beverly Owen email@example.com. TTD’s Tel: 1-480-926-1680.
Tuesday - April 11, 2017
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakouts so far today - 13
Quality of Breakouts - Average
Stocks Screened - 12,234
Bull side - Breakout list selective. Several real estate plays breaking out. Bulls be selective.
Stock market - Continues to hold in a basing pattern after recent big run up.
Stock Market Momentum
(Based on 14 unit moving average)
Dow - Bearish
Dow - Bullish
Dow - Bullish,
Nasdaq - Bullish
Nasdaq - Bullish
Nasdaq - Bullish
S&P 500 - Bearish
S&P 500 - Bullish
S&P 500 - Bullish
Ticker Tape Digest's
TTD's Quality Rating of Stock - CCOI - ABOVE AVERAGE
CCOI, based in Washington, D.C., provides internet access and protocol communications services. Annual revenues: $438 million. CCOI's stock edges higher Tuesday and clears its breakpoint zone. The stock was a TTD accumulation play in recent weeks.
So far today CCOI is trading 206,537 shares. Its average daily volume is 282,000 shares.
The stock has a low beta of 0.80 versus 1.00 for the stock market. So, the stock tends to be less volatile than the stock market.
CCOI's stock rose in the morning to an intraday high of $44.35 and cleared its breakpoint line.
The stock then pulled back a bit but then worked modestly higher the rest of the day to finish above its breakpoint zone. (see daily chart)
CCOI's tape action shows the recent block trades.
One can see the price for the blocks climbing from $43.60 in the morning to as high as $44.15 at the close Tuesday.
A key bullish trade came at the close when block of 14,936 shares (duplicated) crossed the tape at $44.15.
That was up from the prior block at $43.92 on 500 shares.
The 14,936 share block is significant showing good institutional buying interest.
CCOI's network is designed and optimized to transmit data using IP. The company delivers its services to small and medium-sized businesses, communications service providers and other bandwidth-intensive firms in North America, Europe and Asia.
The company offers on-net Internet access services through its own facilities, which run from its network to its customers' premises.
It offers its on-net services to customers located in buildings that are physically connected to its network. Its on-net service consists of Internet access and IP connectivity ranging from 100 Megabits per second to 100 Gigabits per second of bandwidth.
CCOI's 12-month performance chart shows the stock appreciating 15%, the same as the stock market.
Insiders have been steady but light sellers of the stock the past few months around $35 to $43 a share.
They have not been doing any buying except for getting stock option awards (light green bar on chart)
CCOI's long-term chart shows the stock reaching a peak of $34.89 in 2007. The stock then fell back to $3.57 in 2008 due to the bear market.
The stock then worked steadily higher getting to a peak of $42.63 in early 2014. It then trended mostly sideways. The stock is in good position to breakout and make a 13-year high. It needs to top $44.40. That could attract more buying.
CCOI's daily chart shows the stock forming a flat base and breaking out in late February.
However, it faded back.
It then rallied and got into TTD's breakpoint zone made up of two breakpoint lines.
Tuesday, it clears the breakpoint zone.
The stock's CCI momentum indicator is strongly bullish now.
This year, analysts are forecasting a 69% surge in profits to 56 cents a share from 33 cents the year before.
The stock sells with a price-earnings ratio of 73. That is high but reasonable given the projected earnings growth rate.
Looking out to 2018, the Street predicts a 59% leap in net to 89 cents a share from the anticipated 56 cents this year.
Net for the next two quarters will show an acceleration in growth. That is bullish.
Net for the first quarter is expected to climb 21% to 10 cents a share from 8 cents a year before.
The highest estimate on the Street is at 13 cents a share. The company missed the Street estimate the past two quarters by 3 cents a share and 2 cents. So, one needs to be watchful.
Going out to the second quarter net is projected to jump 33% to 12 cents a share from 9 cents the year before.
Strategy Opinion: TTD is targeting CCOI for a move to $54. A protective stop can be placed near $41.30 after a breakout.
TTD rates CCOI a good intermediate-term play provided earnings meet expectations.
Suitability: Aggressive Bulls.
TTD's special research of Stock's Prior Performance:
Probability - Breakout Success - Below Average. CCOI has recent scored just small gains off its breakouts. Back in 2013 it had a nice 30% gain.
Probability - Move after Earnings Report - Below Average. Stock rose 6 out of the past 13 earnings reports.
Probability: Seasonal Performance - Average. CCOI's April average gain is 1%. Best months: October and November with gains of 5.8% and 7.6%.
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
(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 Performance Chart with Quarterly Earnings Markers vs. S&P 500
Insider Buying in Green - Insider Selling in Red
Stock's Monthly Seasonal Performance Chart - Past 5 Years
Showing % Months UP and % Change
Charts of Selected Breakout Stocks
|TTD's Quality Rating of Stock - BOCH - ABOVE AVERAGE|
|TTD's Quality Rating of Stock - RYAAY - AVERAGE|
|TTD's Quality Rating of Stock - RNG - AVERAGE|
|TTD's Quality Rating of Stock - WCN - 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 - 2
Stocks Screened - 12,234
Long-Term Environment for bears: Unfavorable.
Bear Side - Small list of breakdown stocks Tuesday even as stock market falls sharply. Bears be patient and conservative.
ECHO, based in Chicago, provides technology-enabled transportation and supply chain management solutions. Annual revenues: $1.7 billion. ECHO's stock falls sharply Tuesday and undercuts key technical support. TTD sees more on the downside.
TTD highlighted ECHO as a short at our midsession video show on the Web Tuesday.
So far today, ECHO is trading 475,478 shares, double its average daily volume of 241,000 shares.
ECHO's stock moved lower in the morning falling to $19.30.
The lifted slightly but then trended sideways and finally fading in the late afternoon.
ECHO's tape action shows the recent block trades.
One can see the price for the blocks falling from $20.40 in the prior session to as low as $19.30 on Tuesday.
A key bearish trade came in the morning when a block of 6,665 shares (duplicated) crossed the tape at $20.20.
That was down from the prior block late on Monday at $20.40 on 13,019 shares.
ECHO uses a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services.
The Company focuses primarily on arranging transportation by truckload and less than truckload carriers.
It also offers intermodal (which involves moving a shipment by rail and truck), small parcel, domestic air, expedited and international transportation services.
Earnings for the upcoming first quarter are expected to tumble 61% to 4 cents a share from 11 cents the year before.
The company has missed on consensus estimate the past four quarters by 6 cents a share, 7 cents, 5 cents and 3 cents.
However, for the year, the Street is predicting a 36% increase in net to 76 cents a share from 56 cents the year before.
ECHO's daily chart shows the stock peaking around $28 back in December. However, since then it has been in a steady decline. The CCI momentum indicator is solidly bearish.
ECHO's 12-month performance chart shows the stock down 24% versus a 15% gain for the stock market.
Strategy Opinion: TTD is targeting ECHO for a decline to $15.30 within the next few months. A protective stop buy can be placed near $20.50.
Suitability: Aggressive Bears.
TTD's special probability research of WOR's Prior Performance:
Probability - Earnings Response - Average. Stock rose 7 times after the past 15 earnings reports.
Probability: Seasonal Activity - Bearish. ECHO has declined an average of 6.5% in April.
|TTD's Quality Rating of Stock -ECHO - BELOW AVERAGE|
Stock Performance Chart with Quarterly Earnings Markers vs. S&P 500
Insider Buying in Green - Insider Selling in Red
TTD columnist Leo Fasciocco has covered the stock market for over 30 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.)