stocks

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 These are for conservative bullish Investors The strategy is called swing trading. These long buys are ideally suited for entry into stocks on pull backs within overall up trend. They are good for trading range markets. These stocks can give a good return in a week or two. They can also explode into a breakout and a powerful advance.

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 Bearish bargain play stocks to sell short. These issues are usually in down trends and are poised to rollover after a minor rally. They often can provide a conservative bear with a good entry point.

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.

Bull side - Continued good number of breakouts today with some good quality stocks. Market is extended and still vulnerable, Bulls be careful and more conservative.

Today's Featured Breakout Stock

Igate Corp. (IGTE) - 11.40, up 0.47 - Breakpoint 10.90

Stock nears 9-year high, Net to Rise 33% This Year, TTD Targets 15

TTD's Quality Rating of Stock - IGTE - ABOVE AVERAGE

IGTE, based in Pittsburgh, provides information technology services. Annual revenues: $193 million. IGTE breaks out today from a 12-week base and makes a new 52-week high. The stock just needs to top 12 to make a nine-year high. Trading so far today is running at 210,818 shares, triple its normal daily volume of 69,100 shares. The stock is thinly traded.

TTD highlighted IGTE as a breakout at our midsession show on the Web Tuesday.

IGTE's 10 minute chart shows the stock breaking out the prior session. However for today the stock has moved sharply higher and has shown good intraday buying spurts with volume.

IGTE is lightly traded and is a stock most suitable for aggressive investors.

TTD's clip of the tape shows IGTE's block trades the past few days.

One can see the price for the blocks climbing from $10.57 to $11.40.

The advance was orderly with small blocks. The pace of the buying shows steady buying interest by the big buyers.

IGTE provides of information technology and IT- enabled operations offshore outsourcing services to large and medium-sized firms.

The Company targets large and medium-sized firms in the financial services, insurance, manufacturing, media and healthcare areas.

IGTE 's services include client/server design and development, conversion/migration services, offshore outsourcing, enterprise resource planning package implementation and integration services, software development and applications maintenance outsourcing.

IGTE's 12-month performance chart shows the stock appreciating 220% compared with a 40% gain for the S&P 500 index. It has been a top performer the past few months even though it is thinly traded.

IGTE's long-term chart shows the stock rallying back strong from its bear market low near 2. The stock is poised to make a multi-year high. That could well bring in more buying by the new high crowd, or attract more fund buying by funds looking for small cap plays.

IGTE's daily chart shows the stock climbing from 6 to 11. The stock had a strong move up in the prior session. Today, it pushes higher to clear the base.

Normally, the pattern would show a "handle" or a pause near the top of the base. IGTE did not do that. TTD sees that indicating good buying interest.

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

The accumulation - distribution line (bottom of chart) is in a strong up trend. Its breakout compliments the breakout in the price of the stock.

The stock's technicals are supportive of the breakout.

This year, analysts forecast a 33% increase in IGTE's net to 68 cents a share from 51 cents a year ago. The stock sells with a price-earnings ratio of 16. TTD sees that as attractive to value-growth investors.

Going out to next year, the Street expects a 16% rise in net to 79 cents a share from the anticipated 68 cents a share this year. The highest estimate on the Street is at 86 cents a share. So, some are looking for a 26% gain in net.

With a pick up in the economy, business should be willing to spend more of IT services. That could benefit IGTE.

IGTE will report first quarter net April 14 - tomorrow.

The Street is looking for an 80% surge in net to 16 cents a share from 9 cents a year ago. The highest estimate on the Street is at 17 cents a share. In recent quarters, IGTE has topped the consensus estimate by 2 to 3 cents a share. TTD sees chances for an upside surprise.

Net for the second quarter should climb 49% to 16 cents a share from 11 cents a year ago.

Strategy Opinion: The earnings report will be important. TTD is looking for IGTE to advance to 15 within the next few months. A protective stop can be placed near 10.10. TTD rates IGTE a good intermediate-term play provided earnings meet expectations.

Sponsorship: Excellent. The largest fund holder is 4-star rated Columbia Acorn Z Fund with a big 9% stake. There were two key buyers recently, both 4-star rated funds. Royce Micro-Cap Fund purchased 272,021 shares and Loomis Sayles Small Cap Value Fund added 70,632 shares.

Insider Activity: Neutral. Not much activity this year. Five analysts follow the stock and all 5 have a buy, up from 4 three months ago.

Stock Performance Chart for 12 months with Quarterly Earnings Markers.

All Timely Breakout Stocks From Tape Action Today

(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)

Ticker Tape Digest’s

Stocks To “Sell Short”

Ticker Tape Digest’s Daily List of “Stocks To 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.

Bear Side - Still only a few breakdown stocks. Bears remain patient and conservative. TTD's short play from Monday was Ceragon Networks Ltd. (CRNT) - 10.59, down 0.16. Today CRNT is trading at 10.45 and is working well for bears so far.

List of Stocks To Sell or Short

(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.)

Commentary on TTD’s Feature Bear Play

Orexigen Therapeutics Inc. (OREX) - 5.11, down 0.62

Stock Gaps lower on Heavy Volume, TTD Sees Fall to 3.40

OREX, based in San Diego, is a biotech firm developing drugs to treat obesity. Annual revenues: $88,000. OREX' stock gaps lower today in heavy trading. The decline was linked to the company reporting that its drug did not work as well as expected on obese people tested. So far today, OREX is trading a heavy 2.3 million shares, almost four times its normal daily volume of 599,000 shares.

OREX's stock gapped lower in the morning. It touched a low of 4.65 in the morning. The stock then lifted a bit and then trended sideways unable to mount a rally.

TTD's clip of the tape shows the big block trades in the morning. One can see the price for the blocks declining from $5.45 to $4.96. The tape action indicated steady selling pressure on the stock.

OREX said only 50.5% of the people who took its drug, Contrave, lost 5% or more of their body weight after 56 weeks compared with a previous 56%.

The company has filed for FDA approval for the drug. It is still waiting for approval.

Contrave is a combination of two drugs, bupropion and naltrexone, in a sustained release formulation. Bupropion is a prescribed antidepressant and smoking cessation medication; naltrexone is a treatment for alcohol and opioid addiction. Empatic is a combination of bupropion SR and zonisamide SR. Zonisamide, in a release formulation, was approved in the United States for the adjunctive treatment of partial seizures, a form of epilepsy. These product candidates regulate appetite and energy expenditure through the central nervous system .

This year, analysts forecast OREX will show a loss of $1.27 a share compared with a loss of $1.67 a share a year ago.

OREX's daily chart shows the stock trending lower. Today, it gaps below key technical support with big volume. The stock's TTD momentum indicator (top of chart) has been bearish for several weeks. The accumulation - distribution line (bottom of chart) broke down a few weeks ago. It is showing strong selling pressure.

Strategy Opinion: TTD is targeting OREX for a decline to $3.40 within the next few months, or sooner. A protective stop buy can be placed near 5.70.

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.)

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	13	0	1

Ticker Tape Digest

Tuesday - April 13, 2010

Today's Featured Breakout Stock

Igate Corp. (IGTE) - 11.40, up 0.47 - Breakpoint 10.90

Stock nears 9-year high, Net to Rise 33% This Year, TTD Targets 15

All Timely Breakout Stocks From Tape Action Today

Ticker Tape Digest’s

Stocks To “Sell Short”

List of Stocks To Sell or Short

Commentary on TTD’s Feature Bear Play

Orexigen Therapeutics Inc. (OREX) - 5.11, down 0.62

Stock Gaps lower on Heavy Volume, TTD Sees Fall to 3.40