Ticker Tape Digest

Tuesday - May 18, 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.

Tuesday - May 18, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  2

Quality of Breakouts -  Average.

Stocks Screened - 12,234

Bull side -  Small list of breakouts and very selective. Stock market sells off late in the day.

Stock market  -  Daily market averages now bearish and also, the weekly Nasdaq.

Comment -  Bulls need to be conservative, patient and watchful of all positions.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  AAMC and NTES.

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

RadNet Inc. (RDNT) - 25.60, up 2.21 - Breakpoint 24.33

Net To Climb This Year, TTD Targets 31

  RDNT, based in Los Angeles, provides diagnostic imaging services in the U.S. Annual revenues: $1.1 billion. RDNT's stock drives higher Tuesday and breaks out from its 11-week, cup-and-handle base.

  The move carries the stock to a new all-time high. That is bullish.

  TTD sees potential for more on the upside.

  So far today, RDNT is trading 288,637 shares. Its average daily volume is 174,000 shares.

  RDNT's stock gapped higher in the morning and cleared its breakpoint line.

  The stock then worked gradually higher during the day. It gave little ground in the last hour when the stock market moved lower.

  Tape Action

  RDNT's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $23.39 in the prior session to as high as $25.81 late in the day.

  A key bullish trade came in the morning when a block of 12,375 shares (duplicated) crossed the tape at $24.

  That was up from the prior block the day before at $23.39 on 15,428 shares.

  Near the close a block of 17,719 shares crossed at $25.60.

  That came on an up tick from the prior trade at $25.57 on 100 shares.

  Business

  RDNT provides freestanding, fixed-site outpatient diagnostic imaging services in the U.S.

  The company operates directly or indirectly through joint ventures, 305 centers in California, Delaware, Florida, Maryland, New Jersey, New York and Rhode Island.

 RDNT's centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders.

 . Charts

  RDNT's 12-month performance chart shows the stock up 40% versus a 55% gain for the stock market.

  Insiders were recent buyers at $23 a share.

  Previously, RDNT was a seller at $20 to $23.82 a share.

  RDNT's long-term chart shows he stock climbing from $4.66 in 2016 to a peak at $23.35 in early 2020.

 The stock then fell back to $5.81 in early 2020 due to the stock market selloff.

  Since then RDNT has surged back to $25.60.

  RDNT's daily chart shows the stock forming a classic cup-and-handle base.

  The breakout comes with a good widening of the daily spread and pick up in volume.

  The CCI momentum indicator is strongly bullish.

  Earnings Outlook

  This year, analysts predict a jump in net to 56 cents a share versus a loss of 21 cents the prior year.

  Looking out to 2022, the Street projects a 16% rise in net to 65 cents a share from the anticipated 56 cents this year.

  Second quarter net should come in at 15 cents a share compared with a loss of 16 cents the previous year.

  Going out to the third quarter, net should rise 27% to 19 cents a share from the 15 cents the prior year.

  The company beat the Street estimate the past four quarters by 9 cents a share, 4 cents, 21 cents and 26 cents.

Strategy Opinion:  TTD is targeting RDNT for a move to $31 within the next few months, or sooner.

A protective stop can be placed near $23.

Intermediate-Term Rating: Average.

Suitability:   Aggressive 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  - 6

Stocks Screened - 12,234

Long-Term Environment for bears: Neutral.

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

Shattuck Labs inc. (STTK) - 25.12

Loss Seen This Year and Next, TTD Sees Drop to 20

  STTK, based in Austin, Tex., is biotech firm working on treatments for anti-tumor immune response. Annual revenues: Nil. STTK's stock moves sharply lower Tuesday and undercuts key technical support.

  So far today, STTK is trading 120,561 shares. Its average daily volume is 226,0000 shares.

  TTD sees more on the downside.

  STTK's moved higher in the morning getting to $27.75.

  However, the stock turned down and fell steadily during the day.

  It closed near its low for the session. That is bearish.

  The stock was unchanged in after-hours trading.

  Tape Action

  STTK's tape action shows the recent block trades.

  One can see the price for the blocks falling from $27.25 in the morning to as low as $25.12 near the close.

  A key bearish trade came in the morning when a block of 504 shares crossed the tape at $26.72.

  That was down from the prior block the day before at $26.81 on 8,685 shares.

  Business

  STTK is developing  dual-sided fusion proteins.

  Its lead product candidate, SL-172154, is designed to simultaneously inhibit the cluster of differentiation 47/signal regulatory protein alpha checkpoint interaction to restore an anti-tumor immune response.

  Earnings:

  This year, analysts predict a loss of $1.37 a share compared with a loss of $2.36 the prior year.

  Looking to 2022, the Street sees a loss of $1.56 a share.

  For the second quarter, analysts project a loss of 34 cents a share. There was no comparable results.

Charts:  

  STTK's daily chart shows the stock cutting below support and resuming its down trend.

  The stock peaked at $57.61 in December of last year. It has been in a down trend.

Strategy Opinion: TTD  is targeting STTK for a decline to $20 within the next few months, or sooner. A protective stop buy can be placed near $26.50.

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.)