Ticker Tape Digest

Friday - April 30, 2021

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 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.

Friday - April 30, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  6

Quality of Breakouts -  Average.

Stocks Screened - 12,234

Bull side -  Small list of breakouts with a selective list.

Stock market  -  Major averages bullish in all time sectors.

Comment -  Big list of earnings reports coming in next week, some 1,500 companies.  Bulls need to be alert.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  None.

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

Chuys Holdings Inc. (CHUY) - 48.86, up 1.38 - Breakpoint 47.75

Net To Climb 33% This Year, TTD Targets 56

  CHUY, based in Austin, Tex., operates Chuy's, a restaurants. Annual revenues: $321 million. CHUY's stock pushes higher and breaks out from its 10-week flat base.

  So far today, CHUY is trading 199,685 shares. Its average daily volume is 182,000 shares.

  TTD sees more on the upside.

 TTD highlighted CHUY as a breakout at our midsession video show on the Web.  

  CHUY's stock moved higher in the morning, but then pulled back.

  The stock then turned up and rallied steadily through the rest of the session.

  The stock closed near its high for the session of $49.12.

   Tape Action

  CHUY's tape action shows the recent block trades.

  One can see the price for the blocks rising from $47.09 in the morning to as high as $48.86 by the close.

  A key bullish trade came in the morning when a block of 525 shares crossed the tape at $47.38.

  That was up from the prior block at $47.09 that crossed on 965 shares.

  Near the close a big block of 34,436 shares crossed at $48.86. that was up from the prior block at 774 shares on $48.82.  

    Business

CHUY's restaurants provides Mexican and Tex-Mex  food.

 The company has 80 Chuy's restaurants in 16 states.

 CHUY offers the same menu during lunch and dinner.

 It includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups and salads.

Each restaurant offers a range of homemade sauces, including the signature Hatch green chile and creamy jalapeno sauces.

  Charts

  CHUY's 12-month performance chart shows the stock up 180% versus a 45% gain for the stock market.

  Insiders were recent buyers using stock options at $28.51 to $13.54.

  They were sellers at $19.64 to $46.

  CHUY's long-term chart shows the stock rising from $18.40 in January of 2015 to a peak at $37.78 in 2016.

  The stock then fell back to $7.29 by 2020. However, since then CHUY has surged to an all-time high of $49.12.

  CHUY's daily chart shows the stock rising from $25 in January to a peak at $45 in February.

  The stock formed a base and broke out in April. It then pulled back to form a base on top of a base.

  The breakout clears the base with a modest pick up in volume.

  The CCI momentum indicator is solidly bullish.

   Earnings Outlook

  CHUY's net this year should jump 36% to $1.14 a share from the 84 cents the prior year.

  The stock has a price-earnings ratio of 39. That is high.

  Looking out to 2022, the Street predicts a 17% increase in net to $1.33 a share from the anticipated $1.14 this year.

  Profits for the first quarter should jump to 19 cents a share from the one cent the prior year.

  Six analysts follow the stock.

 Then in the second quarter, the Street predicts a 48% spurt in net to 34 cents a share from the 23 cents the previous year.

Strategy Opinion:  TTD is targeting CHUY for a move to $56 within the next few months, or sooner.

A protective stop can be placed near $45.

Intermediate-Term Rating: Average.

Suitability:   Average 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  - 5

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Small list of shorts, but some interesting plays for aggressive bears.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

American Well Corp. (AMWL) - 15.39

Loss Seen This Year and Next, TTD Sees Drop to 12.20

  AMWL, based in Boston, provides digital delivery of heathcare. Annual revenues: $245 million. AMWL's stock falls sharply with heavy volume Friday. The move undercuts key technical support.

  So far today, AMWL is trading a heavy 5.6 million shares, double its average daily volume of 2.8 million shares.

  TTD sees more on the downside.

  AMWL's stock fell in the morning and undercut key support.

  The stock worked South and touched an intraday low of $15.26 in the early afternoon.

  The stock then trended sideways unable to rally.

   Tape Action

  AMWL's tape action shows the recent block trades.

  One can see the price for the blocks falling from $16.14 in the prior session to as low as $15.39 by the close.

  A key bearish trade came in the morning when a block of 15,839 shares (duplicated) crossed the tape at $16.12.

  That was down from the prior block at $16.14 on 60,192 shares in the prior session.

  Near the close at big block of 525,591 shares crossed at $15.39 and that was down from the prior block at $15.48 on 11,623 shares.

 Business

 AMWL is a telehealth company enabling digital delivery of care.

The Amwell platform  consists of the home line, provider-to-patient telehealth interactions, typically in the home, and the hospital line, supporting provider-to-provider telehealth interactions. 

The company offers a range of management software, clinical workflows, carepoint hardware and system integrations to deliver care across various modalities, including video, phone and secure messaging.  

  Earnings:

  This year, analysts predict a loss of 74 cents a share compared with a loss of $2.27 the prior year.

  Looking out to 2022, the Street expects a loss of 57 cents a share.

  For the first quarter, the Street predicts a loss of 18 cents a share.

Charts:  

  AMWL's daily chart shows the stock trending lower from $43 in January to $15.

  The stock cuts below support and touched a new all-time low.

Strategy Opinion: TTD is targeting AMWL for a decline to $12.20 within the next few months, or sooner. A protective stop buy can be placed near $16.70

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. - 2021

    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.

   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.)