Ticker Tape Digest

Tuesday - May 25, 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 25, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  4

Quality of Breakouts -  Below Average.

Stocks Screened - 12,234

Bull side -  Small list of breakouts and low quality.

Stock market  -  Major averages holding bullish in all time sectors.

Comment -  Stock market in a consolidation. One needs to be very alert now.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  ITRN, SKY, TOL and URBN.

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

Joint Corp. (JYNT) - 68.50, up 10.33 - Breakpoint 58.96

Net To Rise 27% This Year, TTD Targets 78

  JYNT, based in Scottsdale, Az., operates chiropractic clinics. Annual revenues: $58.7 million. JYNT's stock surges higher Tuesday and has a gap breakout from its 5-week, flat base.

  The big move was triggered by JYNT joining the S&P 600 index. That often brings in buying by index funds

  So far today, JYNT is trading 2 million shares, 15 times its average daily volume.

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

  TTD sees potential for more on the upside.

  However, the stock is very extended. So, one must just scale in if chasing this breakout.

  JYNT's stock gapped higher in the morning and worked to an intraday peak at $70.61 in the early afternoon.

  The stock then pulled back slightly and trended sideways.

  In after-hours trading, JYNT was up 53 cents a share.

    Tape Action

  JYNT's tape action shows the recent block trades.

  One can see the price for the blocks surging from $58.17 in the prior session to as high as $70.25 by the afternoon.

  A key bullish trade came in the morning when a block of 27,273 shares (duplicated) crossed the tape at $66.47.

  That was up from the prior block the day before at $58.17 on 3,442 shares.

  Near the close a block of 12,877 shares crossed at $68.50.

  That was up from the prior block at $68.25 on 2,900 shares.

    Business

  JYNT operates and manages chiropractic clinics through direct ownership, management arrangements, franchising and the sale of regional developer rights.

  The company offers its patients the opportunity to visit its clinics without an appointment and receive prompt attention.

  JYNT offers a range of membership and wellness packages. Each patient's records are digitally updated for ready retrieval in its data storage.  

  Charts

  JYNT's 12-month performance chart shows the stock up 380% versus a 40% gain for the stock market.

  Insiders were recent buyers at $5. to $9.06 a share using stock options.

  They were sellers at $41.10 to $49.87 recently.

  JYNT's long-term chart shows the stock climbing from $3.85 in 2017 to a peak at $21.80 by 2019.

  The stock based and then broke out last year and has since run up to $68.50.

  JYNT's daily chart shows the stock rising from $39 to $58 by late April.

  It put down a small cup-and-handle base.

 The breakout is a big gap move with big volume.

  The stock's CCI momentum indicator is strongly bullish.

   Earnings Outlook

   This year, the Street predicts a 27% increase in net to 38 cents a share from the 30 cents the prior year

  The stock has a price-earnings ratio of 178. That is extremely high.

 Going out to 2022, analysts predict a 42% increase in net to 54 cents a share from the anticipated 38 cents this year.

  For the upcoming second quarter, analysts expect a loss of one cent a share compared with a profit of one cent the prior year.

  Then in the third quarter, net is projected at 9 cents a share, down from 11 cents the previous year.   

Strategy Opinion:  TTD is targeting JYNT for a move to $78 within the next few months, or sooner.

A protective stop can be placed near $59. The stock may well go into a base soon. It is a very speculative play.

Intermediate-Term Rating: Below 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  - 3

Stocks Screened - 12,234

Long-Term Environment for bears: Neutral.

Bear Side -  Small list of shorts. Bears be conservative. Stock market in a basing pattern.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Spruce Biosciences (SPRB) - 13.32

Loss Seen This Year and Next, TTD Sees Drop to 10

  SPRB, based in Daly City, Ca., is a biotech firm working on treatments for endocrine disorders. Annual revenues; Nil.  SPRB's stock falls sharply Tuesday and undercuts key technical support.

  So far today, SPRB is trading 26,487 shares. Its average daily volume is 106,000 shares.

  TTD sees more on the downside.

  SPRB's stock moved lower in the morning and undercut key technical support.

  The stock continued lower touching $13.18 late in the day.

  It lifted slightly near the final bell.

  SPRB was unchanged in after-hours trading.

   Tape Action

  SPRB's tape action shows the recent block trades.

  One can see the price for the blocks falling from $14.55 in the morning to $13.32 by the close.

  A key bearish trade came in the afternoon when a block of 700 shares crossed the tape at #13.45.

  That was down from the prior block at $14.55 on 700 shares.

  Business

  SPRB is developing therapies for endocrine disorders.

 The company's development product candidate, tildacerfont, is a non-steroidal therapy that offers disease control for patients suffering from congenital adrenal hyperplasia.   

Earnings:

  This year, analysts predict a loss of $2.10 a share compared with a loss of $4.93 the prior year.

  For 2022, the Street predicts a loss of $3 a share.

Charts:  

  SPRB's daily chart shows the stock trending lower from $24 down to $15. The stock tried to form a bottom, but now breaks below key support.

Strategy Opinion: TTD  is targeting SPRB for a decline to $10 within the next few months, or sooner. A protective stop buy can be placed near  $14.50.

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.)