Go To TTD's Pre-Market Opening Breakout Watch Stock Lists Tuesday, April 15
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Go To TTD's Pre-Market Opening Breakout Watch Stock Lists Tuesday, April 15 |
| Go to Video Show - "How to Make Money With Breakout Stocks" |
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Go to Video Show - "How to Make Money With Breakout Stocks"
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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 positions both as trades or for longer-term plays. These stocks
will do very well during bear markets or market corrections
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.
TTD often suggests using stop buy orders to enter. It is very important to buy a breakout stock as close as possible to the break point. 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.
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.
Total Buy Breakouts so far today - 6
Stocks Screened - 8,200
Bull side - Only a small number of breakouts today. Mining issues lead the way. Bulls be selective.
Long- term Environment for bulls: Bearish
Market Status (Daily) - NYSE Bearish, Nasdaq Bearish
Market Status (Weekly) -NYSE Bullish, Nasdaq Bullish
Market Status (Monthly) NYSE Bullish, Nasdaq Bullish
BUCY, based in Milwaukee, makes surface and underground mining equipment used in the extraction of commodities, primarily coal, copper, and oil sands. Annual revenues: $1.6 billion. BUCY breaks out from a six-week, flat base today and hits a new high. The stock's move comes on volume of 1.4 million shares versus its average daily volume of 1 million shares. 
TTD's clip of the tape highlights one of the largest trades of the day. It is a big block of 20,000 shares crossing on a modest up tick to $114.22 from the prior trade at $114.21.
The action showed good institutional buying interest.
BUCY is a leading stock in the strong mining sector. The company gets about half of its sales from original equipment with the other half coming from aftermarket parts and services.
BUCY estimates its installed base of machinery at $25 billion, spread throughout the world.
TTD's performance chart of BUCY shows the stock appreciating 105% the past 12 months compared with an 8% drop in the S&P 500 index.
TTD's long term chart of BUCY shows the stock's powerful up trend which remains intact.
The daily chart of BUCY shows the stock staging a rally from 70 to 110 earlier this year. That is impressive considering the stock market was trending lower. So, the stock is acting contrary to the weakness in the market.
The breakout today clears the top of the base easily. The stock's TTD momentum indicator (top of the chart) is strongly bullish. The accumulation - distribution line (bottom of chart) is in an overall up trend.
This year, analysts predict BUCY will chalk up a 35% increase in net to $5.12 a share from $3.79 a year ago. The stock sells with a price-earnings ratio of 22, which is reasonable given the earnings outlook.
Next year profits are expected to climb 26% to $6.43 a share.
BUCY will report first quarter net on April 25.
Analysts forecast a big 71% surge in net to 97 cents a share from 57 cents a year ago. The highest estimate on the Street is at $1.10 a share. TTD sees chances for an upside surprise. The past two quarters, BUCY topped the consensus estimates by 34 and 24 cents a share. That is impressive.
Strategy Opinion: BUCY is on a roll. The breakout today was picture perfect. TTD is calling for BUCY to advance to 150 within the next few months, or sooner. A protective stop can be placed near 110. TTD rates BUCY a very good intermediate-term play because of the strong earnings outlook.
Sponsorship: Excellent. Four of the top five fund holders have a 5-star rating, highest possible. The largest buyer lately was 4-star rated Brandywine Fund which purchased 330,000 shares.
Insider Activity: Neutral. Very little action by insiders. Nine analysts follow the stock, 6 have a buy, up from 5 three months ago.
Stock Performance Chart for One Year versus the S&P 500 index.
| TTD's Breakout Profile
Rating Bucyrus International Inc. (BUCY) |
| TTD Check List | Bullish | Bearish | Neutral |
| Near 52-week High | YES | ||
| Volume Expansion | 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)
Charts of Breakout Stocks
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 - 19
Stocks Screened - 8,200
Long-Term Environment for bears: Neutral
Bear Side - Large number of breakdown stocks today. Gaming issues heading lower. Bears be aggressive. TTD's recent short MGM (MGM) falls 2.83 to 48.98 today. Also, Crocs Inc. (CROX), a short from several weeks ago, dives 7.49 to 10.30 - a great 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.)
SIGM, based in Milpitas, Ca., makes PC graphics cards and high-end displays. Annual revenues: $220 million. SIGM falls sharply today after reports from a brokerage firm that SIGM will lose IPTV share at large firms like AT&T, British Telecom and KDDI. The news shattered the stock as it fell almost 5 points, or 23% today. The sell off came on heavy volume. TTD sees good potential for more on the downside. 
So far today SIGM is trading 8 million shares, four times its normal daily volume of 2 million shares. TTD's clip of the tape shows a big block of 17,039 shares crossing at $16.80. The trade came within a sequence started by a down tick from $16.80.
SIGM designs chip systems that run IPTV set-top boxes and high-definition DVD players.
Its first-mover advantage and aggressive pricing has allowed it to capture market share of more than 75% in IPTV and hold a strong position in hi-def DVD, as well. The loss of orders would impact the company.
Analysts have been forecasting a 2% decline in SIGM's earnings this year to $2.08 a share from $2.11 a year ago. Those forecast could become more bearish.
TTD's daily chart shows SIGM "falling off the shelf." The stock was in a down trend and acting very bearish. The past few months it has nosedived from 70 to 16. TTD's daily chart shows the breakdown point at 19.74. The stock violated that easily. SIGM's accumulation - distribution line is in a sharp decline indicating heavy selling pressure.
TTD is targeting SIGM for a drop to 13.50 within the next few months. TTD sees the stock suitable 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.)
