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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 positionsboth as trades or for longer-term plays. These stocks will do very well during bear markets or market corrections
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Total Buy Breakouts so far today - 21
Stocks Screened- 8,200
Bull side - Still a good number of breakouts. Bulls be selective. Breakout plays continue to work well.
Long-Term Environment for bulls: Favorable.
Market Status (Daily) - NYSE Bullish, Nasdaq Bearish
Market Status (Weekly) - NYSE Bullish, Nasdaq Bullish
CETV, based in Hamilton, Bermuda, has interests in more than a dozen national commercial TV stations in Central Europe. Annual revenues: $603 million. CETV breaks out from an 11-week, cup-and-handle base today and makes a new high. The stock, a leader, is trading a heavy 529,206 shares so far today. That is five times times its normal daily volume of 98,000 shares.
TTD highlighted the stock as a breakout at our midsession show on the Web. CETV was also on the TTD Breakout Watch list.
The company has a stake in TV stations in the Czech Republic, Romania, and Slovakia.
Its holdings include Galaxie Sport (Czech Republic), Markíza TV (Slovak Republic), POP TV (Slovenia), and PRO TV (Romania). The stations reach nearly 82 million viewers.
CETV generates almost all of its revenue from TV advertising. Chairman Ronald Lauder, heir to the Estée Lauder fortune, owns 25% of the company and controls 72% of the voting power.
TTD's long-term chart of CETV (see below) shows the stock's powerful bull market. It is one of the strongest issues of the past five years.
Near-term, TTD's daily chart show the basing pattern. The "handle" portion of the base is extended a bit. However, the widening of the spread on the breakout is very bullish, along with the expanding volume.
The stock's technicals are all good. The TTD momentum indicator (top of the chart) is slightly bullish. The accumulation - distribution line is making a new high confirming the strength in the price of the stock. The AD line says that the underlying buying is good.
This year, CETV's profits should soar 144% to $2.83 a share from $1.16 a year ago. The stock sells with a price-earnings ratio of 41, which would appear rich.
However, next year, CETV's profits should climb 37% to $3.87 a share. So, the p/e is close to the company's earnings growth rate. So, it is okay.
CETV came in with first quarter results today. It had a loss of one cent a share compared with a loss of 48 cents a share a year ago. The loss was less than the loss of 5 cents a share expected by analysts.
CETV's profits will kick in big time in the second quarter. The Street is forecasting second quarter net to show a 71% jump to 87 cents a share from 61 cents a year ago.
Strategy Opinion: The market took first quarter results in a bullish way. TTD sees the stock as a good breakout play for aggressive investors. We are targeting the stock for a move to 115 within a few months. A protective stop can be placed near 89. TTD rates CETV an excellent intermediate-term play that could well and may possibly split.
Sponsorship: Excellent. The largest fund buyer recently was 5-star rated Julius Baer Intl. Equity Fund which purchased 142,000 shares. The largest fund holder is 4-star rated Federated Kaufmann Fund with a big 4.9% stake. It was a buyer of 6,000 shares recently.
Insider Activity: Neutral. Insiders were recent buyers using stock options, but turned around and sold. Currently, 11 analysts follow the stock, 8 have a buy, up sharply from 5 three months ago.
TTD's Breakout Profile
Rating Central European Media Enter. (CETV) |
TTD Check List | Bullish | Bearish | Neutral |
Near 52-week High | YES | ||
Volume | 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)
Ticker Tape Digests 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 - 9
Stocks Screened - 8,200
Long-Term Environment for bears: 9
Bear Side - Breakdown list expands modestly. Bears be selective.
(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.)
TLB, based in Hingham, Ma., is a retailer of ladies clothes and shoes. TLB breaks down sharply today after slashing sharply its earnings forecast. The stock responded very bearishly gapping lower today. TTD sees the stock has a very good short. So far today, volume is running at 2.7 million shares, five times its average daily volume of 550,000 shares.
TTD's clip of the tape shows a big block of 300,000 shares crossing on a down tick to $22.20 from the prior trade at $22.34. The action indicates heavy institutional selling pressure.
TLB said it now expects earnings for the fiscal first quarter ending April 30 will be 7 to 10 cents a share, instead of its previous forecast of 36 to 43 cents a share. It blamed weaker than expected April sales.
A year ago, TLB's net was 51 cents a share. So, the weak forecast indicates a big drop off in earnings.
Talbots has 1,350 stores in 47 US states, Canada, and the UK. They operate under the Talbots and J. Jill names. Its flagship chain specializes in selling mostly private-label, classically-styled apparel, accessories, and shoes for misses.
The company's other stores target children, petites, and plus sizes. A clothing line for men was introduced in 2002. TLB also sells through about 25 separate catalogs and its Web site. Tokyo-based retailer AEON owns 55% of the stock.
The technical breakdown in the stock is very bearish. The stock's TTD momentum indicator (top of the chart) is bearish. The accumulation - distribution line was acting well, but is now rolling over. TTD sees the earnings news as the key bearish driver. TTD is calling for TLB to decline to 16 within the next few months. It is a good short play for an aggressive bear.
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.)