Ticker Tape Digest

Friday - July 9, 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 - July 9, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  12

Quality of Breakouts -  Above Average.

Stocks Screened - 12,234

Bull side -  Large list of breakouts with some interesting plays for aggressive bulls.

Stock market  -  Major averages remain bullish in all time sectors. The technical pattern is mostly a consolidation.

Comment -  Large list of breakout with some interesting plays. Earnings will be coming in big time in about two weeks.

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

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

ABB Ltd. (ABB) - 35.98, up 0.81 - Breakpoint 35.33

Net To Climb 34% This Year, TTD Targets 43

  ABB, based in Zurich, Switzerland, makes machines for industrial automation. Annual revenues$26.1 billion. ABB's stock drives higher Friday and breaks out from its six-week, cup-and-handle base.

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

  TTD sees chances for more on the upside.

  So far today, ABB is trading 1.4 million shares. Its average daily volume is 1.3 million shares.

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

  The stock reached an intraday high of $36.05 in the morning.

  It then trended sideways the rest of the day.

  In after-hours trading, ABB was up 51 cents a share.

   Tape Action

  ABB's tape action shows the recent block trades.

  One can see the price for the blocks rising from $35.17 in the prior session to as high as $36 in the morning.

  A key bullish trade came in the morning when a block of 13,803 shares crossed the tape at $35.63.

  That was up from the prior block the day before at $35.17 on 29,395 shares.   

  Business

  ABB is a holding company. The company's segments include: Electrification products, robotics and motion, industrial automation and power grids.

 The electrification products cover low and medium-voltage switchgear, breakers, switches and control products.

The robotics sells motors, generators, variable speed drives and robots and robotics.

 The industrial automation sells control and plant optimization systems, and automation products. The power grids segment supplies power and automation products, systems and software.

   Charts

  ABB's 12-month performance chart shows the stock up 48% versus a 35% gain for the stock market.

  Insider activity was not available.

  ABB's long-term chart shows the stock climbing from $15.74 in 2016 to a peak at $27 by early 2018.

  The stock then moved lower to $14.71 by early 2020. However, it has since surged back to $35.98 - a new all-time high.

  ABB's daily chart shows the stock advancing from $29 back in March to a peak near $35 by June.

  The stock formed a cup-and-handle base.

  The breakout comes with a gap move.

  The CCI momentum indicator is strongly bullish.

  Earnings Outlook

  This year, analysts predict a 34% jump in earnings to $1.31 a share from the 98 cents the prior year.

  The stock has a price-earnings ratio of 27. TTD sees that as reasonable.

  Looking out to 2022, the Street projects a 21% rise in net to $1.58 a share from the anticipated $1.31 this year.

  Net for the upcoming second quarter should leap 59% to 35 cents a share from the 22 cents the previous year.   

Strategy Opinion:  TTD is targeting ABB for a move to $43  within the next few months, or sooner.

A protective stop can be placed near $34

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  - 1

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Only one short play. Bears be conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Sigilon Therapeutics Inc. (SGTX) - 6.90

Drug Fails, TTD Sees Drop to 5.50

  SGTX, based in Cambridge, Ma., drops sharply Friday and undercuts key technical support with big volume as one of its drugs failed a test.  

  So far today SGTX is trading a heavy 1.9 million shares, six times its average daily volume of 302,000 shares.

  TTD sees more on the downside.

 TTD highlighted SGTX as a short at our midsession video show on the Web Friday.

  SGTX's drug SIG-001 was put on hold by the FDA. One person give the drug developed problems.

  SGTX's stock gapped lower in the morning and undercut key technical support.

  The stock touched an intraday low of $6.28 in the morning.

  The stock then worked a bit higher during the day.

  In after-hours trading, SGTX was up 31 cents a share.

   Tape Action

  SGTX's tape action shows the recent block trades.

  One can see the price for the blocks falling from $9.24 in the prior session to as low as $6.51 in the morning.

  A key bearish trade came in the morning when a block of 10,104 shares crossed the tape at $6.90.

  That was down sharply from the prior block the day before at $9.24 on 10,000 shares.

    Business

  SGTX is developing cures for patients with chronic diseases by providing stable and durable levels of therapeutic molecules to patients.

The company developed its SLTx platform, which combines advanced cell engineering with advancements  in biocompatible materials. This enables its product candidates to produce a wide range of therapeutic molecules that may be missing or deficient, such as proteins, antibodies and enzymes.

SGTX's lead product candidate is SIG-001, which is designed to prevent bleeding episodes in patients.  

   Earnings:

  This year, analysts predict a loss of $2.29 a share compared with 27 cents the prior year.

  Looking out to 2022, the Street projects a loss of $2.85 a share.

  For the second quarter, the Street expects a loss of 58 cents a share.

Charts:  

  SGTX's daily chart shows the stock falling from $50 back in January down to $10.50. The stock tried to form a bottom, but now breaks down.

  SGTX's 6-month performance chart shows the stock down 7%% versus a 15% gain for the stock market.

Strategy Opinion: TTD  is targeting SGTX for a decline to $5.50 within the next few months, or sooner. A protective stop buy can be placed near $7.50

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.)