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Ticker Tape Digest

 Wednesday - April 15, 2009


                                          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).

Quote or chart

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 today - 0

Stocks Screened - 8,200

 Bull's Strategy - No breakouts today. Bulls be patient and very selective.  Earnings reports are coming now. So, one needs to be alert for breakout stocks with better than expected earnings.

 (Put mouse on Dow chart to see Nasdaq chart)

Long Term Environment for bulls:  Neutral

Market (Daily) - NYSE Bearish, Nasdaq Bearish

Market (Weekly) -NYSE Bullish, Nasdaq Bullish

Market  (Monthly) NYSE Bullish, Nasdaq Bullish


Today's Feature  Stock

(No breakouts today. So, TTD features a recent stock that broke out)

Calgon Carbon Corp. (CCC) - 17.82, up 0.33 - Breakpoint 16.30

Profits to Climb 22% This Fiscal Year, TTD Targets 23

                    TTD's Quality Rating of Stock - CCC  -  AVERAGE

  CCC, based in Pittsburgh, provides products and services for purifying water. Annual revenues: $400 million. TTD did not spot any breakout stocks today. So, we feature CCC which broke out from a three-month, saucer base a few sessions ago. The breakpoint for the base was at 16.30. The stock is 15.30. The stock cleared the base. What draws TTD to the stock is that it is "following through" on the breakout. We see good chances for more on the upside.

  So far today, CCC is up slightly. Volume is running at 499,146 shares. Its average daily volume is 632,000 shares.

  The stock rose in the morning, had a slightly pull back and then worked higher the rest of the day.

  TTD's clip of the tape highlights a key trade from Tuesday. It is a big block of 80,000 shares - the largest trade in some time for CCC. The block went off on a nice up tick to $17.04 from the prior trade at $$17.02. The tape action indicated aggressive institutional buying. That is bullish.

  CCC's carbon products and related purification, filtration, and extraction systems and services are used in the manufacture of food, chemicals, and pharmaceuticals, as well as in water treatment, air and water purification, and environmental cleanup.

 The company also produces charcoal for outdoor barbecue grilling, which is sold primarily in Germany.

  TTD's performance chart shows CCC appreciating 35% the past 12 months. That compares with a 35% drop in the S&P 500. So, CCC has been a top performer ignoring the bear market.

  TTD's long-term chart of CCC shows the stock with a great run up form 5 in 2006 to a peak of 23 last year. The stock had a pull back long-term, but  is now trending higher again.   

  Near-term, TTD's daily chart shows CCC emerging from a flat base bracketed between 12 and 16. The stock held its breakout and is now working higher nicely. The stock's technicals are very strong.

  The TTD momentum indicator (top of the chart) is extremely bullish.

  The accumulation - distribution line (bottom of chart) has hit a new peak. That shows there is strong buying supporting the stock's rise.

  This year, analysts forecast a 22% increase in CCC's net to 67 cents a share from 55 cents a year ago. The stock has a price-earnings ratio of 26, which is reasonable.

  Going out to 2010, the Street sees an acceleration in earnings growth with net climbing 44% to 96 cents a share from the anticipated 67 cents a share.

  The company is currently benefiting from higher pricing. Net for the first quarter is expected to rise 30% to 13 cents a share from 10 cents a year ago. The highest estimate on the Street is at 16 cents a share. That would be a 60% surge in net.

  TTD sees chances for an upside earnings surprise. In the prior quarter, CCC topped the consensus estimate by 4 cents a share, or 36%.

  Strategy Opinion: CCC's stock is acting very well. TTD is targeting CCC for a move to 23 within the next few months, or sooner. A protective stop can be placed near 15. TTD rates CCC a very good intermediate-term play due to its strong earnings outlook.

  Sponsorship: Average. The largest fund holder is 2-star rated American Funds Small Cap World Fund with a big 4.6% stake. It was a recent buyer of 2.5 million shares. CCC has 54 million shares outstanding Funds hold 14.6 million shares.

  Insider Activity: Slightly Bullish. Insiders have been light buyers of the stock. They have done no selling. Currently, 10 analysts follow the stock, 6 have a buy, up from 5 three months ago.



                     Stock Performance Chart for 12 months with Quarterly Earnings Markers.

  


TTD's Profile Rating

Calgon Carbon Corp.  -  (CCC) 

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 10 0 4

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. (Trading strategy: One should buy breakout stocks at breakpoint by using market order or stop buy.

  None


Charts of Breakout Stocks

None

 


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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 - 4

Stocks Screened - 8,200

Long-Term Environment for bears: Neutral

Bear Side -  Small number of breakdown stocks today. Bears remain alert for stocks with weak earnings.


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.)


TTD’s Feature Bear Play

Lufkin Industries Inc. (LUFK) - 31.80, off 6.03

Posts Lower Earnings, TTD Sees Falls to 25

 LUFK, based in Lufkin, Tex., makes and services oil field equipment. Annual revenues: $740. LUFK's stock falls sharply today after the company reported weak earnings for the first quarter. The selloff comes on heavy volume. So far today, LUFK is trading 867,335 shares, four times its average daily volume of 205,000 shares.

  LUFK gapped lower at the opening, failed to rally and drifted even lower in the afternoon.

  TTD's table shows the big block trades the past two sessions. One can see the price for the block late on Tuesday was $37.83. The price for the blocks worked lower to the latest one which was $31.63. The tape action indicated heavy institutional selling pressure.

  LUFK reported earnings for the first quarter declined to 60 cents a share from $1.05 a year ago. The 60 cents was well below the consensus Street estimate of $1.42 a share and the lowest estimate of $1.25 a share

 LUFK makes power transmission products, and highway trailers. Its products include pump-off controllers, automation products, commercial castings, various gears, and lightweight dump trailers.

 The company also provides services such as pumping unit services, fluid level analysis, consulting, and gear repair for the oil and gas, steel, plastics, and power generation industries. LUFK sells worldwide.  

  Analysts have been forecasting a 45% drop in LUFK's net this year to $3.37 a share from $6.15 a year ago. Analysts probably will cut that estimate.

  TTD's daily chart of LUFK shows the stock falling from 70 to the 35 area. It tried to rally off a bottoming pattern, but failed. The gap drop in big volume is very bearish. The stock's accumulation - distribution line (bottom of chart) is very bearish.

  Strategy Opinion: TTD is targeting LUFK for a drop to 25 within the next few months, or sooner. A protective stop buy can be placed near 34.



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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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.)