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Ticker Tape Digest

 Tuesday - April 28, 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 - 5

Stocks Screened - 8,200

 Bull's Strategy - Breakout list small today. Stock market lifts slightly in quiet trading day.  Bulls be more venturesome, but try to go with stocks near 52- highs and with good earnings outlooks.

 (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

Edwards Lifesciences Corp. (EW) - 63.78, up 5.98 - Breakpoint 63.22

Quarterly Profit Tops Estimates, TTD Targets 74

                    TTD's Quality Rating of Stock - EW  -  AVERAGE

    EW, based near Los Angeles, makes medical devices and equipment for advanced stages of heart disease. Annual revenues: $1.2 billion. EW was spun off from Baxter International in 2000. Today, EW drives sharply higher after reporting strong first quarter net. The move carries the stock out of a 12-week base. So far today, EW is trading 2 million shares, four times its normal daily volume of 480,000 shares.

  TTD highlighted EW as a stock to accumulate in a recent report. The stock was also featured today on the TTD internet show at midsession.

  The stock is up about 6 points so far today. It rose sharply in the morning and then peaked in the afternoon.

  TTD's clip of the tape shows the big blocks today. One can see the price for the blocks working higher from $57.77 to $63.51. That indicates steady buying from institutions throughout the day. That is very bullish.

  EW came in with first quarter net of $1.03 a share, up from 31 cents a year ago. The net topped Street estimates. The stock responded well. Also, Credit Suisse put out an outperform rating with a $73 target.

  In a recent report, TTD noted that  EW's stock has held up well against the bear market. The past 12 months the stock climbed from 45 to a peak of 63. In recent weeks it has been in a basing pattern. With solid earnings growth in the mid-teens coming this year, TTD sees good chances for more on the upside.

  EW's main products include tissue heart valves, surgical clips, catheters and retractors, and monitoring systems used to measure a patient's heart function during surgery. The firm gets 50% of its sales outside North America.

  TTD's long-term chart shows the stock climbing from 12 in 2000 to a peak of 66 last year.

  TTD's daily chart shows the stock in a cup-and-handle base. However, it was unable to breakout and the base morphed to a flat base. Today's breakout is powerful with a big widening of the spread and strong volume.

 The base was setup after the stock rallied from 46 to 62 - a nice move.

  The stock's accumulation - distribution line (bottom of chart) is in an overall up trend. That shows there has been good buying in the stock and no unusual selling.

  The TTD momentum indicator (top of chart) is neutral.

  This year, analysts predict a 17% increase in profits to $2.97 a share from $2.55 a year ago. The stock sells with a price-earnings ratio of 20. TTD sees that as reasonable. One good item about the company is the consistent earnings growth.

  With today's strong results, TTD sees good chances for year estimates to be boosted, perhaps to 20% growth.

  Going out to 2010, the Street looks for a 16% increase in net to $3.44 a share.

  The company is benefiting from strong sales of its heart valves.

    Net for the second quarter is expected to increase 16% to 77 cents a share from 66 cents a year ago. The highest estimate on the Street is at 79 cents a share.

  Strategy Opinion:  EW is a powerful breakout. It is now extended. TTD suggests scaling in with a view to averaging up quickly. TTD had been targeting the stock for a move to 72. We are now lifting that to 74. A protective stop can be placed near 60. TTD rates EW an above average intermediate-term play.

  Sponsorship: Excellent. TTD counts 5 funds with a 5-star rating holding the stock. The largest buyer among them was 5-star rated Fidelity Select Medical Equipment Fund which purchased 240,000 shares. EW has 55 million shares outstanding. Funds hold 23.7 million shares.

  Insider Activity: Neutral. Insiders have been buyers using stock options. They turned around and sold. Currently, 13 analysts follow the stock, 7 have a buy, the same as three months ago.   

                     Stock Performance Chart for 6 months with Quarterly Earnings Markers.


TTD's Profile Rating

Edwards Lifesciences Corp. (EW) 

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

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 - SGR  - BELOW  AVERAGE


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

                    TTD's Quality Rating of Stock - EVVV  - 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 - Small list of breakdowns today. Bears be conservative. TTD's short from Monday was Xenoport. Today, XNPT is down 0.68 to 14.08. It is working well for bears.

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

Ceradyne Inc. (CRDN) - 17.99, off 1.07

Profits to Fall 50% This Year, TTD Sees Slide to 14

  CRDN, based near Los Angeles, makes advanced technical ceramic products and components for defense, industrial, and aerospace applications. Annual revenues: $680 million. CRDN's stock falls sharply today after reporting earnings much lower than Street expectations. The stock was 80 back in 2007. It is in a sharp down trend. Today's selloff comes on volume of 782,177 shares, double its normal daily volume of 300,000 shares.

  CRDN reported earnings for the first quarter dropped to 3 cents a share from $1.18 a share a year ago. The consensus estimate on the Street was at 24 cents a share. The lowest estimate was at 7 cents a share. So, the results were a big disappointment - but good for bears.

  CRDN's stock gapped lower at the opening. It rallied a bit in the afternoon to trim its loss.

 CRDN's products can withstand extremely high temperatures, combine hardness with light weight, are resistant to corrosion and wear, and have electrical insulation capabilities.

 The company's ceramics are used to make personnel, aircraft, and vehicle armor for the U.S. military.

  CRDN's net for the upcoming second quarter is expected to fall 67% to 42 cents a share from $1.25 a year ago. Looking out for the year, net should fall 50% to $1.81 a share from $3.62 a year ago. TTD sees chances for the decline to be even greater.

  TTD's daily chart shows the gap drop today that undercuts an up trend line. The stock had staged a rally in recent weeks. However, there is a good chance for a further move lower.

    Strategy Opinion: TTD is targeting CRDN for a decline to 14 within the next few months. A protective stop buy can be placed near 19.

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.)