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Ticker Tape Digest

 Friday - April 17, 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 - 8

Stocks Screened - 8,200

 Bull's Strategy - Breakout list expands today. However, the overall quality is low. Bulls remain very selective. Market still holds in up trend and long-term indicators are now bullish. Earnings reports are coming now. So, one needs to be careful.

 (Put mouse on Dow chart to see Nasdaq chart)

Long Term Environment for bulls:  Neutral

Market (Daily) - NYSE Bullish, Nasdaq Bullish

Market (Weekly) -NYSE Bullish, Nasdaq Bullish

Market  (Monthly) NYSE Bullish, Nasdaq Bullish

Today's Feature Breakout Stock

Illumina Inc. (ILMN) - 37.87, up 1.69 - Breakpoint 37.30

Profits to Jump 43% This Year, TTD Targets 46

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

      ILMN, based San Diego, Ca., makes equipment for the genomics research market. Annual revenues: $525 million. ILMN breaks out from a 10-week base today. The stock's move represents its reemergence from a base. The key to the breakout is that volume today is running at 3.1 million shares, double its normal daily volume of 1.5 million shares.

 TTD featured ILMN when it broke out on March 23. However, the stock drifted back into the base. That breakout came on expanding volume too.  

 TTD highlighted ILMN on Thursday as a stock showing strong accumulation. We also covered it at our midsession show on the Web today.

  ILMN moved higher early in the session, gave ground in the morning and then trended sideways in the afternoon.

 ILMN moved up strongly on Thursday after the company said it received an order for 22 of its Genome Analyzers from Harvard.

  With strong profits coming for the next two years, TTD sees good chances for more on the upside. The tape action today was extremely bullish. A big block of 119,886 shares crossed the tape at $38.18 (see table). The trade came within a sequence started by an up tick from $38.15. TTD sees the buying as bullish and indicating strong institutional buying interest in the stock.

     ILMN's systems are used for genotyping, gene expression analysis, and DNA sequencing. The firm generates most of its revenue through consumable sales such as DNA chips and chemical reagents, which are needed on a per-experiment basis to complement its systems.

  The company sells most of its products to academic and government research centers. ILMN gets more than half of its revenue in the U.S.  

  TTD's performance chart for the past six months shows ILMN appreciating 18% versus a 10% drop in the S&P 500. Note on the chart that ILMN started acting well after a recent earnings report.

 TTD's long-term chart shows ILMN with a sensational move from 2 to 47 peaking last year. The stock then pulled back sharply to the 20 area. It is now trending higher aggressively.

 TTD's daily chart shows ILMN climbing from 20 to the mid-30s. It set up its base and had a breakout in mid-March.  However, the stock failed to follow through and drifted back into the base.

 Today it pushes through key resistance at $37.29. TTD sees that as a breakout. It will now be important to see the stock follow through on the upside and get over 38.

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

   The accumulation - distribution line (bottom of chart) has turned up again and is bullish too. The fact the AD line is at a new peak bodes well for the stock's price to do the same.

   TTD sees the key driver for ILMN being the strong earnings outlook.

 This year, analysts predict a  43% increase in net to 90 cents a share from 63 cents a year ago. The stock sells with a price-earnings ratio of 42. That is high, but in line with the earnings growth for this year.

  Going out to 2010, the Street forecasts a 29% gain in net to $1.16 a share from the anticipated 90 cents a share.

  For the upcoming first quarter, earnings should leap 60% to 19 cents a share from 12 cents a year ago. The highest estimate on the Street is at 22 cents a share. The company will report quarterly results on Tuesday April 21.

  TTD sees chances for an upside earnings surprise. In the prior quarter, ILMN topped the consensus estimate on the Street by 7 cents a share, or by 41%.

  Revenue growth in the most recent quarter was 43%. The company is benefiting from the launch of new products and the initiation of new deals.

  Strategy Opinion: ILMN has the potential to be a top performer because of its strong earnings outlook. A lot will depend on its upcoming earnings report.  TTD is targeting the stock for a move to 46 within the next few months. A protective stop can be placed near 34. TTD rates ILMN an excellent intermediate-term play provided earnings meet expectations.

  Sponsorship: Average. The largest fund holder is 4-star rated Fidelity Growth Company Fund with a big 6.9% stake. However, the fund was a recent seller of 450,000 shares. The largest buyer lately was 2-star rated Oppenheimer Capital which purchased 1.1 million shares. ILMN has 123 million shares outstanding. Funds hold 59 million shares.

  Insider Activity: Neutral. Insiders have been buyers using stock options. They have then turned around and sold. Eight analysts follow the stock and all have buy. That is impressive!    

                     Stock Performance Chart for 6 months with Quarterly Earnings Markers.


TTD's Profile Rating

Illumina Inc.  -  (ILMN) 

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 13 0 1

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.


Charts of Breakout Stocks

                    TTD's Quality Rating of Stock - ICFI  - BELOW  AVERAGE

                    TTD's Quality Rating of Stock - MR  - BELOW  AVERAGE

                    TTD's Quality Rating of Stock - IMA  - BELOW  AVERAGE

                    TTD's Quality Rating of Stock - PWR  - BELOW  AVERAGE

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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 - 2

Stocks Screened - 8,200

Long-Term Environment for bears: Neutral

Bear Side -  Only a few breakdown stocks today as stock market lifts. Gold stocks lead the TTD breakdown list today. The price of gold falls $11.90 to 867.90 today. Bears be conservative and selective. TTD's short from Thursday was  Meridian Brioscience Inc. (VIVO) - 15.48, off 2.05. Today, VIVO is down 0.20 to 15.40.

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

Yamana Gold Inc. (AUY) - 7.47, off 0.24

Posts Disappointing Earnings, TTD Sees Falls to 12.50

  AUY, based in Toronto, is a Canadian gold producer. Annual revenues: $1.1 billion. AUY's stock falls today as the price of gold moves sharply lower. The entire gold sector is down. AUY's break below key support opens the door for more on the downside. The company is expected to report a bid drop in first quarter earnings. TTD sees more on the downside.

  AUY is trading 13.8 million shares so far today. The stock's average daily volume is 13.7 million shares.

  AUY's stock worked lower in the morning. It hit a bottom around 10 a.m. The stock then trended sideways the rest of the day.

  TTD's clip of the tape shows the recent big blocks in AUY. A key trade was a block of 174,200 shares that crossed near the opening today. The trade went off at $7.55. That was well below the prior big block trade that went off at $7.74. TTD sees the action indicating heavy institutional selling pressure.

 AUY, founded in 2003, owns gold production properties that include also other precious metals and copper.  The firm has properties in Brazil, Argentina, Chile, Mexico, Central America, and the U.S. AUY has seven operating mines and five development projects.

  This year, analysts forecast AUY's earnings will decline 18% to 43 cents a share from 53 cents a year ago. For the upcoming first quarter, the Street expects a 68% drop in net to 6 cents a share from 20 cents a year ago.

  TTD's daily chart shows AUY's stock breaking below key support. The stock's TTD momentum indicator (top of the chart) is very bearish.

  Strategy Opinion: AUY is a trading short. TTD is targeting the stock for a decline to 5 within the next few months, or sooner.

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.)