Go To TTD's Pre-Market Opening Breakout Watch Stock Lists Wednesday, April 30
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Go To TTD's Pre-Market Opening Breakout Watch Stock Lists Wednesday, April 30 |
| Go to Video Show - "How to Make Money With Breakout Stocks" |
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Go to Video Show - "How to Make Money With Breakout Stocks"
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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 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).
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 so far today - 3
Stocks Screened - 8,200
Bull side - Very few breakouts today as market is mixed. Bulls be patient and watchful.
Long- term Environment for bulls: Bearish
Market Status (Daily) - NYSE Bearish, Nasdaq Bullish
Market Status (Weekly) -NYSE Bullish, Nasdaq Bullish
Market Status (Monthly) NYSE Bullish, Nasdaq Bullish
FLS, based in Irving, Tex., makes fluid-handling equipment and related components, primarily for the specialty chemical and petroleum and food-processing industries. Annual revenues: $3.8 billion. FLS breaks out from a five-week base today and hits a new high. The stock's move was triggered by favorable earnings. Volume so far today is running at 2.2 million shares, triple its normal daily volume of 764,000 shares. 
TTD's clip of the tape shows the stock under heavy buying in the morning. A big block of 63,200 shares crossed the tape on a nice up tick to $125 from the prior trade at $124.01. The action indicated aggressive institutional buying off the earnings report.
TTD highlighted FLS as a breakout at our midsession show in the Web.
FLS checked in with a 159% surge in profits to $1.53 a share from 59 cents a year ago. The earnings were a big upside surprise. They not only topped the consensus estimate on the Street of 95 cents a share, but also the highest estimate at $1.07 a share.
TTD has said when a company can top the highest estimate it has a good chance to move higher that day and for the next several weeks. We see that potential with FLS. The reason is that analysts will be forced to up year estimates and the stock could attract more recommendations from Wall Street.
FLS produces metallic and nonmetallic centrifugal pumps and
related components, as well as automatic-control, rotary, and anti-noise
valves that are sold under various brand names. The company markets its products
through independent distributors, sales representatives, and a direct sales force.
TTD's long-term chart shows FLS as market leader hitting a new high.
Our performance chart shows that in the past 12 months, FLS stock has appreciated 102% versus a 5% drop in the S&P 500.
TTD's daily chart shows the gap move today. Gap breakouts are often very bullish if the volume is not overdone. TTD sees this gap breakout as okay.
The stock's accumulation - distribution line (bottom of chart) is in a strong up trend and has hit a new peak. That is good confirmation the breakout is supported by good buying.
FLS posted a 31% increase in bookings for the first quarter to $1.4 billion. That bodes well for upcoming quarters. It is benefiting from strong sales of original equipment and aftermarket products.
Net for the second quarter is projected to rise 34% to $1.31 a share from 98 cents a year ago.
Going out for the year, TTD sees net climbing 32% to $5.50 a share from $4.15 a year ago. The Street consensus is currently at $5.38 a share.
Strategy Opinion: FLS looks like a good breakout. It is a bit extended off the earnings news. TTD suggests scaling-in. We are looking for the stock to climb to 150 within the next few months. A protective stop can be placed near 113 giving it some room. TTD rates FLS a good intermediate-term play because of the strong earnings outlook.
Sponsorship: Very Good. The largest fund holder is 3-star rated Fidelity Advisor Mid Cap Fund with a big 6.4% stake. It has held its position steady. One of the largest buyers lately was 5-star rated American Century Heritage Fund which purchased 360,000 shares.
Insider Activity: Neutral. Only light buying took place by insiders this year. They then turned around and sold. Five analysts follow the stock, just one has a buy, the same as three months ago.
Stock Performance Chart for One Year versus the S&P 500 index.
| TTD's Breakout Profile
Rating Flowserve Corp. (FLS) |
| 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 |
(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
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 place a stop buy order to catch the stock on the breakout.
One can take either 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 daily and the screen monthly.
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 - 18
Stocks Screened - 8,200
Long-Term Environment for bears: Neutral
Bear Side - Large number of breakdown stocks as market shows internal weakness. Leaders in agricultural area backing off now. Bears be venturesome.
(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.)
RTI, based in Niles, Ohio, produces titanium-mill and other specialty metal products. Annual revenues: $627 million. RTI falls sharply today in heavy volume after reporting just a slight increase in first quarter profits. The stock slumps 6 points today. Volume so far today is running 2.3 million shares, four times its normal daily volume of 635,000 shares. The stock's breakdown opens the door to what TTD sees as more on the downside. 
A key disappointment to the Street was that sales came in at just $151 million. Analysts were forecasting $165 million.
TTD's tape clip shows that selling kicked in early in the day. A big block of 26,000 shares crossed the tape on a modest down tick to $42.92 from the prior trade at $42.93. The action showed big institutional selling pressure.
RTI operates two business groups: Titanium Group and the Fabrication & Distribution Group. These mill products are used in the aerospace, defense, and energy industries both for commercial and military manufacturing.
The Titanium Group products include plate, sheet, bloom, billet, slab, ingot, and tubular products. The Fabrication & Distribution Group manufactures and distributes titanium and specialty metals, extruded shapes, and engineered systems for the energy, aerospace, and military markets.
For the upcoming second quarter, analysts are forecasting an 8% drop in earnings. Overall, net for the year should rise a modest 9% to $4.36 a share from the $4 a share a year ago. TTD sees chances for those earnings estimates to be cut.
RTI's stock has been in a down trend falling from 80 to 45 in recent months. Today it aggressively cuts below key support at 41 on big volume. The stock's accumulation - distribution line has turned down indicating significant selling pressure. TTD is targeting RTI for a decline to 35 within the next few months. TTD sees chances for a possible greater drop.
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.)
