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 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.
Ticker Tape Digest's Daily schedule guide for TTD subscribers 1. Pre-market - check Breakout Watch List and Quick Trades. 2. Morning - (11:30 - 12 A.M.) - check breakout stocks tape and breakout chart slide show. 3. Midday (1 P.M.) check TTD Midsession Report and see market video show. 4. After close (4 P.M.) check final TTD Report for day. Trading Strategies Bullish Aggressive Investors Bullish - "Breakout Stocks" - ideally suited for bull markets and special situation stocks. Potential for large returns. (See Performance) Aggressive Investor Bullish- "Quick Trade Stocks" -ideally suited for entry into top performing issues looking for a small quick profit." (See Performance) Conservative Investors "Bargain Buy Trades for the Long Term." Ideally suited for entry into top performing big cap stocks on pullbacks within overall up trend.(See Performance) Bearish Aggressive Bearish Investors - "Breakdown Stocks" to Sell Short. Ideally suited for bear markets or market pull backs. Potential for large returns (See Performance) |
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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 Swng - 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 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.
Thursday - April 29, 2021
TTD's Breakout Stocks
Stock Market Overview
Total Buy Breakouts - 17
Quality of Breakouts - Above Average
Stocks Screened - 12,234
Bull side - Large list of breakouts with some good looking plays.
Stock market - Major averages are bullish in all time sectors.
Comment - Bulls can be venturesome as there are several leading stocks moving out.
See Latest Earnings Reports - A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats - NOK, RLGY, ADS, BLMN and DISH.
Stock Market Momentum
(Daily is based on a moving average)
Market (Daily) |
Market (Weekly) |
Market (Monthly) |
Dow - Bullish |
Dow - Bullish |
Dow - Bullish |
Nasdaq - Bullish |
Nasdaq - Bullish |
Nasdaq - Bullish |
S&P 500 - Bullish |
S&P 500 - Bullish |
S&P 500 - Bullish |
TTD's Quality Rating of Stock - MCRI - ABOVE AVERAGE |
MRCI, based Reno, Nev., operates hotel casinos in Reno. Annual revenues: $184 million. MCRI's stock drives sharply higher Thursday and breaks out from its nine-week, cup-and-handle base.
The move carries the stock to a new all-time high. That is bullish. The company reported a big improvement in earnings.
TTD sees more on the upside as casino stocks are making a comeback.
So far today, MCRI is trading 120,721 shares, more than double its average daily volume of 50,000 shares.
TTD highlighted MCRI as a breakout at our midsession video show.
MCRI reported net for the first quarter of 44 cents a share, up from 11 cents the prior year. The 44 cents topped the consensus estimate of 42 cents a share.
MCRI's stock moved higher in the morning and cleared its breakpoint line.
The stock hit $74.96 around noon.
MCRI then trended sideways in the afternoon. It closed near its high for the session.
That is bullish.
The stock was unchanged in after-hours trading.
Tape Action
MCRI's tape action shows the recent block trades.
One can see the price for the blocks climbing from $68.90 in the prior session to as high as $75.08 by the close.
A key bullish trade came in the morning when a block of 1,072 shares (duplicated) crossed the tape at $70.
That was up from the prior block at $68,90 on 5,802 shares late on Wednesday.
Business
MCRI operates the Atlantis Casino Resort Spa, a hotel/casino in Reno.
The company also owns Monarch Casino Black Hawk.
The Atlantis features 824 guest rooms and suites, eight food outlets and two espresso and pastry bars.
Charts
MCRI's 12-month performance chart shows the stock up 110% versus a 45% gain for the stock market.
Insiders were buyers using stock options at $10 to $29 a share.
They have not done any recent selling.
MCRI's long-term chart shows the stock climbing from $12.39 back in 2014 to a peak at $57.57 in early 2020.
The stock was dragged lower to $12.83 in early 2020 due to the stock market sell off.
MCRI has since rallied back strongly to $75.
MCRI's daily chart shows the stock rising from $50 in February to a peak near $71 by March.
The stock eventually formed a cup-and-handle base.
The breakout is powerful coming with a widening of the daily spread and expanding volume.
Earnings Outlook
This year, analysts predict a 119% surge in net to $2.74 a share from the $1.25 the prior year.
The stock has a price-earnings ratio of 27.
Looking out to 2022, the Street projects a 44% spurt in net to $3.94 a share from the anticipated $2.74 this year.
Net for the second quarter should come in at 59 cents a share from the loss of 24 cents a share the prior year.
The company beat the Street estimate the past four quarters by one cent a share, 23 cents, 33 cents and 36 cents.
Profits for the third quarter should spurt 54% to 88 cents a share from 57 cents the previous year.
Strategy Opinion: TTD is targeting MCRI for a move to $88 within the next few months, or sooner.
A protective stop can be placed near $71.
Intermediate-Term Rating: Average.
Suitability: Aggressive Bulls.
TTD's special research of Stock's Prior Performance:
Breakout Success |
Bullish |
MCRI scored some big gains off recent breakouts. |
Response to Net |
Bullish |
MCRI rose 12 times after 15 earnings reports. |
Seasonal Success |
Bullish |
MCRI avg. gain 7% in May, loss 4.1% in June prior years. |
Earnings Beats |
Bullish |
MCRI beat Street net estimate 12 times after 20 reports. |
Stock's Prior Performance After A Breakout
Stock's % Change from Breakout to peak - prior to cut below 50-day M/A. |
Date of Breakout |
Break point Price |
Stocks Price Peak after Breakout - prior to cut below 50-day M/A |
Date Trade Closed |
32% |
11/4/2020 | 47.72 | 62.93 | 1/12/2021 |
17% |
12/18/2019 | 48.59 | 56.95 | 2/20/2020 |
33% |
7/25/2017 | 35.52 | 47.41 | 11/24/2017 |
11% |
3/2/2017 | 26.87 | 29.72 | 4/11/2017 |
(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
TTD's Quality Rating of Stock - BLMN - ABOVE AVERAGE |
TTD's Quality Rating of Stock -TEL - ABOVE AVERAGE |
TTD's Quality Rating of Stock - TJX - ABOVE AVERAGE |
TTD's Quality Rating of Stock - WWW - ABOVE AVERAGE |
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 - 1
Stocks Screened - 12,234
Long-Term Environment for bears: Unfavorable.
Bear Side - Only one short play. Bears be conservative.
OSUR, based in Bethlehem, Pa., makes oral fluid diagnostics products. Annual revenues: $172 million. OSUR's stock declines Thursday and undercuts key technical support.
So far today, OSUR is trading 1 million shares. Its average daily volume is 978,000 shares.
TTD sees more on the downside.
The company is working on a test for the covid virus.
OSUR's stock moved lower in the morning and undercut key technical support.
The stock touched an intraday low of $9.06 around noon.
It then trended mostly sideways in the afternoon unable to rally.
In after-hours trading, the stock was up 3 cents a share.
Tape Action
OSUR's tape action shows the recent block trades.
One can see the price for the blocks declining from $9.51 in the morning to as low as $9.12 late in the day.
A key bearish trade came in the morning when a block of 3,011 shares crossed the tape at $9.45.
That was down from the prior block at $9.51 on 7,281 shares.
Business
OSUR makes oral fluid diagnostic products and specimen collection devices.
It uses technologies, as well as other diagnostic products, including immunoassays and other in vitro diagnostic tests that are used on other specimen types.
Earnings:
This year, analysts predict a profit of 65 cents a share versus a loss of 22 cents a share.
For the first quarter, the Street expects a profit of 3 cents a share versus a loss 10 cents a share.
Charts:
OSUR's daily chart shows the stock trended lower from $16 back in February to around $9.50. The stock now cuts below support with a pick up in volume.
Strategy Opinion: TTD is targeting OSUR for a decline to $7 within the next few months, or sooner. A protective stop buy can be placed near $10.
Suitability: Aggressive Bears.
TTD's Stock Probability research of Prior Performance:
Response to Net |
Bearish |
OSUR rose 7 times after 15 earnings reports. |
Seasonal Success |
Bearish |
OSUR loss avg 2.5% in May, rose 0.8% in May prior years. |
Earnings Beats |
Bullish |
OSUR beat Street estimate 15 times after 20 reports. |
TTD's Quality Rating of Stock - OSUR - BELOW AVERAGE |
Stock's Performance Chart with Quarterly Earnings Markers vs. S&P 500
Insider Buying in Green - Insider Selling in Red
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 1-480-704-3331.
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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.
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(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.)