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Daily - Go to TTD's Tape of  Stock Charts - Tuesday, May 8

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List and Performance - Tuesday, May 8

Go To Prior Days TTD "Reports"

Weekly - Bullish Conservative Investors - Go To TTD Long-Term Plays - Monday, May 7

See TTD's Top Performing Breakouts 2011-2012

Go to Video Show - "How to Make Money With Breakout Stocks"

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Ticker Tape Digest

Tuesday - May 8, 2012

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 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


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)


Aggressive Bearish Investors - "Breakdown Stocks" to Sell Short. Ideally suited for bear markets or market pull backs. Potential for large returns  (See Performance)

 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 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's Bargain Buy Trades - Long - Long Term.  These are for conservative bullish Investors These long-term buys are ideally suited for entry into stocks on pull backs within overall up trend. These stocks can give a good return long-term especially during a bull market.

   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 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.

Quote or chart

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.

  Breakout Stocks

Total Buy Breakouts so far today - 7

Overall Quality of Breakouts - BELOW AVERAGE

Stocks Screened - 8,300

Bull side -  Small number of breakouts. Stock market rallies to cut loss. Bulls go slow and be conservative. (Put mouse on Dow chart to see Nasdaq chart)

Long Term Environment for bulls:  Favorable

Stock Market Momentum:

Market (Daily) - NYSE Bearish, Nasdaq Bearish

Market (Weekly) - NYSE Bearish, Nasdaq Bearish

Market  (Monthly) - NYSE Bullish, Nasdaq Bullish 

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action - May 8

(See Top Performing Breakout Stocks for 2011- 2012)

(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 at breakpoint by using market order or stop buy)All Timely Breakout Stocks From Tape Action Today )  


Today's Featured TTD Breakout Stock

Casey's General Stores Inc. (CASY) - 58.99, up 1.41 - Breakpoint 57.48

Hits All-time High, Net to Rise 17% for Year, TTD Targets 70

                    TTD's Quality Rating of Stock - CASY  - AVERAGE

  CASY, based in Ankeny, Iowa, operates convenience stores under the Casey's name. Annual revenues: $6.8 billion. CASY's stock breaks out today from a seven-week flat base. The move carried the stock to a new all-time high. CASY has been a big winner long-term climbing steadily. So far today, CASY is trading 509,211 shares, double its normal daily volume of 214,000 shares.

  CASY's stock cleared upside resistance and then pushed steadily higher through most of the day. Its close near its high for the session is very bullish. (see 10-minute chart)

  The stock has a very low beta of 0.57 versus 1.00 for the S&P 500 index. That means the stock is about half as volatile as the stock market.

  So, the stock is a slow mover. However, the "tortoise wins the race" you might say. CASY has been a sensational winner long-term.

  TTD's clip of the tape shows CASY's recent block trades.

  One can see the price for the blocks climbing from $57.10 to a peak of $58.99 (duplicate).

  A key bullish trade came late on Monday when a block of 7,600 shares crossed at $57.77. That was up from the prior block at $57.02.

 CASY runs convenience stores in Midwestern states, primarily Iowa, Missouri and Illinois.

 The stores carry a broad selection of food including freshly prepared foods.

 The items include  pizza, donuts and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other non-food items. In addition, all stores offer gasoline for sale on a self-service basis.

  CASY's 12-month performance chart shows the stock appreciating 50% versus a 2% gain for the S&P 500 index.

  CASY's long-term chart shows the stock climbing from about 10 back in 2000 to 58.99,  The stock has been a consistent climber. It remains in a solid long-term up trend.

  CASY's daily chart shows the stock advancing from 42 back in October to 56 by April. The stock then put down a flat base. Today, it breaks out with a widening of the spread and strong volume.

  Most of the basing work was done above a rising 50-day moving average line. That shows that the stock is in a good up trend.

  CASY's TTD momentum indicator (top of chart) is solidly bullish.

  The accumulation - distribution line (bottom of chart) broke out to the upside a few sessions ago. It was a good lead indicator for a price breakout.

  This fiscal year ending April 30 analysts look for an 18% jump in net to $3.11 a share from $2.64 a year ago. The stock sells with a price-earnings ratio of 19,  TTD sees that as reasonable.

  The company will report earnings in a few weeks. Net for the fiscal fourth quarter ending April 30 should rise 11% to 67 cents a share from 60 cents a year ago. The highest estimate on the Street is at 71 cents a share. CASY tends to come in close to the consensus.

  Turning to fiscal 2013 ending in April, the Street is projecting a 14% rise in net to $3.56 a share from the anticipated $3.11 this fiscal year.

  Strategy Opinion: TTD is targeting CASY for a move to 70 off this breakout. However, one needs to be extremely patients since the stock is a slow mover. A protective stop can be placed near 56.

 TTD rates CASY an average intermediate-term play.

 Sponsorship: Very Good. The largest fund holder is 5-star rated Allianz NFJ Small Cap Value Fund with a 4.5% stake. It was a recent seller of 19,858 shares. Also 5-star Janus Triton Fund holds a 1.3% stake. It was a recent buyer of 40,095 shares. CASY has 38.1 million shares outstanding. Institutions hold 90% of the stock.

  Insider Activity: Bearish. Insiders were recent buyers using stock options at $13 to $14 a share. They turned around and sold at $51 to 55.  Seven analysts follow the stock, 3 have a buy, the same as three months ago.

 Stock Performance Chart with Quarterly Earnings Markers

  Insider Activity - Buying in Green - Selling in Red


TTD's Breakout Profile Rating
Casey's General Stores Inc. - (CASY)  
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

Charts of Selected Breakout Stocks

                    TTD's Quality Rating of Stock - TGH  - AVERAGE

                    TTD's Quality Rating of Stock - BCR - AVERAGE

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

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

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 - 20 - Maximum

Stocks Screened - 8,300

Long-Term Environment for bears: Unfavorable.

Bear Side - Large number of  breakdown stocks today.  Bears can be venturesome. Stock market still in a trading range. TTD's short from Monday was Tutor Perini Corp. (TPC) at 12.35. It is now trading at 12.22 and working well for bears.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Wesco Aircraft Holdings Inc. (WAIR) - 14.18, down 2.09

Earnings Disappoint, TTD Sees Dip to 11.30

  WAIR, based in Valencia, Ca., provides supply chain management to the aerospace industry. Annual revenues: $736 million. WAIR's stock, which came public last year, falls sharply today after the company reported disappointing earnings for the fiscal second quarter ended March 31. So far today, WAIR is trading a heavy 1.5 million shares. 11 times its normal daily volume of 139,000 shares.

  WAIR reported net for the fiscal second quarter came it at 22 cents a share. That was well below the consensus estimate on the Street of 26 cents a share.

  The company also lowered its forecast for the year to net of 92 to 97 cents a share. That is down from a prior forecast of  $1.03 to $1.07. The stock took the news very bearishly.

  WAIR gapped lower in the morning and hit an intraday low of $13. The stock then lifted a bit as the day wore on.

WAIR's tape action shows the recent big block trades. One can see the price for the blocks declining from $15.84 to as low as $13. A key bearish trade came in the morning when a big block of 37,150 shares crossed the tape at $13, down from the prior block at $16.07. The tape action showed heavy institutional selling pressure in the morning.

  WAIR offers an inventory of aerospace parts, including hardware, bearings, tools, electronic components and machined parts.

  The company's services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery and point-of-use inventory management.

  WAIR's daily chart shows the stock in an overall up trend. However, today the stock gaps lower with big volume. The breakdown in the pattern comes with big volume. The stock's TTD momentum indicator (top of chart) is very bearish.

   Strategy Opinion:  TTD is targeting WAIR for a drop to 11.30 within the next few months, or sooner. A protective stop buy can be placed near  15.10.

                    TTD's Quality Rating of Stock -WAIR - AVERAGE

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.

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.)