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Go To TTD's Pre-Market Opening Breakout Watch Stock Lists for April 17 |
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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 positionsboth as trades or for longer-term plays. These stocks will do very well during bear markets or market corrections
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To email Leo leo@tickertapedigest.com.For service, email Beverly Owen owen@tickertapedigest.com. TTD’s Tel: 1-480-926-1680.
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Total Buy Breakouts so far today - 20
Stocks Screened- 8,200
Bull side - Large number of breakouts today as market rallies strongly. Some good looking growth stocks moving out. Bulls be venturesome.
Long-Term Environment for bulls: Favorable.
Market Status (Daily) - NYSE Bullish, Nasdaq Bullish
Market Status (Weekly) - NYSE Bullish, Nasdaq Bullish
AMZN, based in Seattle, Wa., is a web based seller of books and media products. Annual revenues: $10.7 billion. AMZN breaks out from a 22-week flat base today with a good expansion in volume. So far today, AMZN is trading 13.4 million shares, triple its normal daily volume of 4.7 million shares. TTD highlighted the stock as a breakout at our midsession show on the web today.
The stock got a boost from a buy recommendation from Deutsche Bank. It raised its price target on the stock to $50 from $37.
The stock continued to show good action throughout the day. TTD's clip of the tape shows a big block of 84,000 shares crossing in the afternoon. It went off on a nice up tick to $44.80 from the prior trade at $44.75.
AMZN has expanded into other retail areas. Although media products account for 65% of sales, the firm also sells auto parts, toys, tools, electronics, home furnishings, apparel, and groceries. The company also made acquisitions funded by its large capitalization. Founder Jeff Bezos owns 24% of the stock.
TTD's daily chart of AMZN shows the "gap breakout" today coming on expanding volume.
The stock's techincal indicators are very bullish. AMZN's TTD momentum indicator (top of the chart) is bullish and moved into that zone some four weeks ago.
The accumulation - distribution line (bottom of the chart) broke out to the upside about two weeks ago. So, the signs were there for a breakout.
AMZN was an internet darling back in 200 soaring to over 100. It suffered through the bear market, but is now making a comeback as the company focuses more on profits and not so much on sheer volume.
This year, AMZN's profits should climb 55% to 70 cents a share from 45 cents a year ago. The stock sells with a big 65 price-earnings ratio. So, the stock is not for the faint of heart investor.
Going out to 2008, AMZN's profits should rise 34% to 94 cents a share from the estimated 70 cents a year ago. The stock was upgraded by the brokerage firm on hopes AMZN will show better margins.
Near-term AMZN will show an acceleration in quarterly earnings growth. Net for the upcoming first quarter should rise 33% and in the second quarter 105%. Accelerating earnings is often a key catalysts to send a stock higher. AMZN's net for the first quarter should come in at 16 cents a share, up from 12 cents a year ago. The highest estimate on the Street is at 22 cents a share. So, there are some looking for a possible big quarter.
Strategy Opinion: AMZN looks very good now. TTD is very bullish on the stock. We are targeting AMZN for a move to 56 within the next few months. A protective stop can be placed near 41. TTD rates AMZN an excellent intermediate-term play as long as earnings and sales remain on course.
Sponsorship: Very Good. Davis NY Venture Fund was the largest buyer recently. The 4-star fund, noted for its long-term approach, purchased 1.7 million shares. Also, 5-star rated T. Rowe Price Growth Stock Fund bought 1.2 million shares and 4-star rated Van Kampen Equity and Income Fund added 1.1 million shares.
Insider Activity: Modestly Bullish. Insiders were recent buyers around 41 in April. There has been only light insider selling the past three months. 15 analysts follow the stock, 3 have a buy, up from 2 three months ago.
| TTD's Breakout Profile
Rating Amazon.com (AMZN) |
| 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 |
(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)
Ticker Tape Digest provides a list of potential breakout stocks from our screen of companies that will show some of the strongest earnings gains. One of the best ways to play these stocks is to study the list and then put a stop buy order in to catch the stock on the breakout.
One can take either take a full position on the breakout if they are aggressive, or scale-in looking to add to the stake later if they are conservative. TTD's premarket breakout watch list gives you a great opportunity "to be prepared for the next key breakout stock just before it happens." The list will be updated about every week.
Guide: Symbol=Ticker, Name=Corporate name, Entry is the buy price to enter on the breakout, Last=prior close, Change=change from last close to prior, Date=date of price of close etc, Gain in blue is price above breakpoint (entry), Gain in red is price below breakpoint (entry)., % Gain in blue is % over breakpoint (entry), Gain in red is % below breakpoint (entry)
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 - 1
Stocks Screened - 8,200
Long-Term Environment for bears: Unfavorable.
Bear Side - Only one breakdown stock today as market rallies strongly. Bears be selective.
(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.)
NRMX, based in Laval, Quebec, develops biopharmaceutical drugs, primarily for disorders originating in the central nervous system. Annual revenues: $4 billion. NRMX breaks down today from by knifing through key support near 13. Today's drop comes on volume of 2 million shares. The stock's average daily volume is 2.1 million shares.
The stock showed heavy selling pressure in the afternoon. TTD's clip of the tape highlights a big block of 119,000 shares that crossed a down tick to $12.05 from the prior trade at $12.06.
The stock had been week since last week when the FDSA said it would extend the action date for its review of the firm's drug eprodisate by three months.
NRMX seeks products to treat Alzheimer's disease, certain types of stroke, and type II diabetes.
The company's lead drug candidates include AA Amyloidosis treatment Fibrillex, Alzheimer's disease medication Alzhemed, and stroke prevention drug Cerebril.
Centocor has signed on to market Fibrillex if the treatment receives FDA approval.
This year, NRMX should show a loss of $1.67 a share compared with a loss of $1.72 a year ago.
TTD's daily chart of NRMX shows the stock breaking down from a long-term, head-and-shoulder pattern. The stock is speculative. TTD sees it as a good short for aggressive bears and we are looking for a drop to 9 within the next few months.
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.)