Ticker Tape Digest

Tuesday - April 21, 2020

By Leo Fasciocco -- TTD

   Ticker Tape Digest presents its daily stock market report containing stocks to go long as Breakout Trades, Quick Trades, or Bargain Accumulation 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 - Long Term.  These are for conservative bullish Investors These long-term buys are ideally suited for entry into stocks on pull backs within overall up trend. These stocks can give a good return long-term especially during a bull market.

   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 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 high 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.

   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: 1-480-878-8381 or 480-704-3331.

Tuesday - April 21, 2020

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  2

Quality of Breakouts -  Below Average.

Stocks Screened - 12,234

Bull side -  Only two breakouts. Bulls be conservative.

Stock market  -  Daily averages remain bullish. However, weekly is bearish and so is the monthly Dow and S&P.

Comment -  The daily upside momentum has been broken and there is potential for more on the downside. The key though will be earnings now.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  SARTF, ORRF, EDU, USNA, TRST and POL.

Stock Market Momentum

(Daily is based on a moving average)

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action

(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 near breakpoint by using market order or stop buy.  They can also be bought soon after a follow through move, sometimes on an intraday pullback. )  

Today's Featured TTD Breakout Stock

Anterix Inc. (ATEX) - 53.85, up 4.85 - Breakpoint 49.91

Nears All-time High, Loss Seen, TTD Targets 61

  ATEX, based in Woodland Park, N.J., formerly pdvWireless, Inc., is a wireless communications company. ATEX's stock surges higher Tuesday and breaks out from its 11-week, cup-and-handle base.

  So far today, ATEX is trading a heavy 353,632 shares, triple its average daily volume of 116,000 shares.

  The stock is a speculative high-tech play in that it is still operating in the red.

  ATEX's breakout is impressive, though, given the stock market's sharp decline. The stock is most suitable for aggressive bears.

  ATEX's stock drifted lower in the morning. In the early afternoon, it shot higher and cleared its breakpoint line.

  It reached an intraday high of $55.50. It held its ground well in the final hour considering the market sell off.

  Tape Action

  ATEX's tape action shows the recent block trades.

 One can see the price for the blocks climbing from $49 in the prior session to as high as $54.50 in the afternoon.

  A key bullish trade came in the afternoon when a block of 2,250 shares crossed the tape at $50.

  That was up from the prior block the day before at $49 on 6,047 shares.   

   Business

  ATEX develops its spectrum assets to enable its infrastructure and enterprise customers to deploy private broadband networks, technologies and solutions.

It holds licensed spectrum in the 900 megahertz (MHz) band across the U.S. and Puerto Rico.

The Company holds approximately 60% of channels in the 900 MHz band across 20 metropolitan markets in the U.S.

 It provides broadband spectrum assets to infrastructure and enterprise customers. It enables utility communications through Private Long-Term Evolution.

  Charts

  ATEX's 12-month performance chart shows the stock up 42% versus a 4% decline in the stock market.

  Insiders have been heavy buyers the past several months at $34 to $43 a share. A key buyer was Owl Creek Asset Management.

  Insiders have not done any selling this year.

  ATEX's long-term chart shows the stock coming public in 2015 at $39. The stock fell back to $18.60 in 2016.

  However, since then ATEX has worked its way higher. The push to $53.85 Tuesday carries the stock to a four year high.

  ATEX's daily chart shows the stock forming a cup-and-handle base.

  That developed as the stock market sold off.

  The breakout is technically impressive coming with expanding volume and a widening of the daily spread.

  The stock's CCI momentum indicator is strongly bullish.

  Earnings Outlook

  This fiscal year ending in March, the Street is forecasting a loss of $1.99 a share compared with a loss of $2.88 the prior year.

  Looking out to fiscal 2021 ending in March, they see a loss of $1.57 a share compared with a loss of $1.99 expected for fiscal 2020.

  For the upcoming fiscal fourth quarter ending in March, the Street predicts a loss of 49 cents a share compared with a loss of 65 cents the previous year.

 The company beat the Street estimate two out of the past three quarters.

  For the fiscal first quarter of 2021. a loss of 40 cents a share is expected compared with a loss of 63 cents the prior year.

Strategy Opinion:  TTD is targeting ATEX for a move to $61 within the next few months, or sooner.

A protective stop can be placed near $51.

Intermediate-Term Rating: Below Average.

Suitability:   Aggressive Bulls.

                                 TTD's special research of Stock's Prior Performance:  

           Stock's Prior Performance After A Breakout

(In actual trading, entry and exit points could vary depending on broker execution.

Also, ideal are breakouts to a new 52-week high or better, perhaps all-time highs.)

  Stock's Long-term Chart

   Stock's Price Performance after Reporting Earnings

 Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500

Insider Buying in Green  -  Insider Selling in Red

Charts of Selected Breakout Stocks

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  -  6

Stocks Screened - 12,234

Long-Term Environment for bears: Neutral.

Bear Side -  Stock market sells off sharply Tuesday. Very selective list of shorts. Bears be alert now for some breakdown plays.

  TTD's short from Monday was Vocera Communications Inc. (VCRA) at 18.25. Tuesday it declines 0.48 to 17.77 and is working well for bears.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Fomento Economico Mexicano (FMX) - 55.83

Net to Decline 7% This Year, TTD Sees Drop to 47

  FMX, based in Mexico, sells coca-cola and bottled water. Annual revenues: $507 million. FMX's stock falls sharply Tuesday and undercuts key technical support.

  So far today, FMX is trading 703,291 shares. Its average daily volume is 759,000 shares.

  TTD sees more on the downside.

  TTD highlighted FMX as a short at our midsession video show on the Web.

  FMX's stock gapped lower in the morning and undercut support.

  The stock touched a low of $55.40 in the morning. It then worked higher in the afternoon getting to $56.49.

  However, fell back in the final hour.

  Tape Action

  FMX's tape action shows the recent block trades.

  One can see the price for the blocks falling from$57.02 in the prior session to as low as $55.83.

  A key bearish trade came in the morning when a block of 2,415 shares (duplicated) crossed the tape at $55.87.

  That was down from the prior block at $57.02 on 10,230 shares.

  Near the close a block of 27,823 shares crossed the tape at $55.83.

  That was down from the prior block at $55.95 on 1,300 shares.

   Business

  FMX is a holding company. Its operations consist of Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division.

  It produces and sells beverages, runs retail operations

  The company's sells Coca-Cola trademark beverages through standard bottler agreements in certain territories.

  Earnings:

  This year, analysts predict a 7% decline in net to $2.86 a share from the $3.07 the prior year  

Charts:  

  FMX's daily chart shows the stock falling from $95 in February down to $56. The stock tried to form a bottom, but now breaks down.

  The stock's 12-month performance chart shows the stock down 42% versus a 5% decline for the stock market.

Strategy Opinion: TTD  is targeting FMX for a decline to $47 within the next few months, or sooner. A protective stop buy can be placed near 59.

Suitability:  Aggressive Bears.

  TTD's Stock Probability research of Prior Performance:  

   Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500

Insider Buying in Green  - Insider Selling in Red

   TTD takes no responsibility for trading by those using this information. The stocks presented in our report are those we deem the best looking "Day Trades" for the long side. We take no responsibility for the accuracy of this data, although every effort is made to present the information correctly. Copyright Ticker Tape Digest. - 2020

    TTD columnist Leo Fasciocco has covered the stock market for over 30 years. His articles appear in many publications. He has also been  a speaker at the Money Show 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: Beverly Owen at 1-480-878-8381.

   Distributed by Corona Publishing Enterprises. TickerTape Digest Inc. 1220 W. Sherri, Gilbert, Az. 85233.

  TTD “Professional Report” is available on the Web: $100 per month. Password needed. Published daily - around 20 times a month.  

 TTD Pro Report includes a Morning chart slide show of breakout stocks, a Midsession video-audio show with commentary on breakout stocks and shorts and a Final end of day overall report on breakout stocks for the session, short plays and accumulation plays.  There are other features too such as Quick Trades and Long-term Plays.  

TTD Daily Report is $39. It covers a Morning slide show of charts of stocks breaking out and a TTD end of day print report covering breakout stocks and shorts.

 Credit cards accepted. Payable to Corona Publishing Enterprises.

(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.)