Ticker Tape Digest

Tuesday - August 17, 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 - August 17, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  3

Quality of Breakouts -  Average.

Stocks Screened - 12,234

Bull side -  Small list of breakouts as stock market falls sharply.

Stock market  -  Major averages hold bullish in all time zones, except the Nasdaq daily which is bearish.

Comment -  Breakout list very selective. Bulls be conservative 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 -  BTCM, INST, ALC, JKHY and AIT.

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

Abbvie Inc. (ABBV) - 119.66, up 1.25 - Breakpoint 118.69

Net To Rise 20% This Year, TTD Targets 140

  ABBV, based in North Chicago, IL., is a biotech firm developing a wide variety of medicines and therapies. Annual revenues: $45.8 billion. ABBV's stock pushes higher Tuesday and breaks out from its 14-week flat base.

  So far today, ABBV is trading 6.6 million shares. Its average daily volume is 5.7 million shares.

  TTD sees potential for more on the upside.

  ABBV's stock moved higher in the morning and cleared its breakpoint line.

  The stock backed off a bit to $118.37 around noon.

  ABBV then worked steadily higher and closed near its high for the session at $119.74.

  In after-hours trading, ABBV was down 7 cents a share.

   Tape Action

  ABBV's tape action shows the recent block trades.

  One can see the price for the blocks climbing from $118.08 in the morning to as high as $119.66 by the close.

  A key bullish trade came in the morning when a block of 10,200 shares crossed at $118.45.

  That was up from the prior block at $118.08.

  Then near the close a massive block of 691,405 shares crossed at $119.66.

  That was up from the prior block at $119.36 on 31,400 shares.

  That was very bullish.

   Business

  ABBV's oncology products consists of Imbruvica and Venclexta; Aesthetics products include Botox Cosmetic, Juvederm Collection and other aesthetics;

 Neuroscience products include items such as Botox Therapeutic, Vraylar, Duopa and Duodopa, and Ubrelvy.

  Eye care products consists of Lumigan, Alphagan and Restasis.

 Women's health products cover Lo Loestrin, Orilissa.

The products are sold worldwide directly to wholesalers, distributors, government agencies, health care facilities and retailers.

    Charts

   ABBV's 12-month performance chart shows the stock up 24% versus a 32% gain for the stock market.

  Insiders were recent buyers at $41 to $29 a share using stock options.

  They were sellers at $116 to $108 a share.

  ABBV's long-term chart shows the stock climbing from $45 back in 2015 to a peak at $125 by 2018.

  However, the stock fell back to $62 in 2019. It has since rallied back strong to around $119.

  ABBV's daily chart shows the stock rising from $104 in February to around $118.

  The stock then put down a flat base.

  The breakout Tuesday clears the base with a modest pick up volume.

  The move is impressive given the sharp drop in the stock market.

  ABBV''s CCI momentum indicator is solidly bullish.

  Earnings Outlook

  This year, analysts predict a 20% increase in net to $12.64 a share from the $10.56 the prior year.

  The stock has a price-earnings ratio of 9. TTD sees that as attractive for value-growth investors.

  Going out to 2022, the Street expects an 11% rise in net to $14.01 a share from the anticipated $12.64 this year.

  Net for the third quarter should rise 8% to $3.08 a share from the $2.83 the previous year.

  Then in the fourth quarter profits should climb 16% to $3.38 a share from the $2.92 the prior year.

Strategy Opinion:  TTD is targeting ABBV for a move to $140 within the next few months, or sooner.

A protective stop can be placed near $116.

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  - 9

Stocks Screened - 12,234

Long-Term Environment for bears: Unfavorable.

Bear Side -  Large list of shorts. Aggressive bears can be venturesome.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Gan Ltd. (GAN) - 13.58

Posts Loss, TTD Sees Drop to 10.50

  GAN, based Omaha, Neb., provides software services for online gaming. Annual revenues: #35 million. GAN's stock falls sharply Tuesday and undercuts key technical support.

  So far today, GAN is trading 3.3 million shares, six times its average daily volume of 465,000 shares.

  TTD sees more on the downside.

  The company reported a loss of 7 cents a share for the second quarter. That was greater than a loss of one cent a share expected by the Street.

  GAN's stock dropped in the morning and undercut key support.

  The stock then trended mostly sideways until late in the afternoon. That is when it lifted to $13.91.

  In after hours trading, GAN was up 32 cents a share.

   Tape Action

  One can see the price for the blocks falling from $16.22 in the prior session to as low as $13.27 in the morning.

  A key bearish trade came in the morning when a block of 27,185 shares (duplicated) crossed at $14.51.

  That was down sharply from the prior block at $16.22 on 22,201 shares in the prior session.

  Near the close a block of 33,328 shares crossed at $13.58. That was down from the prior block at $13.74 on 7,185 shares. 

   Business

 GAN provides enterprise software-as-a-Service solutions for online casino gaming and online sports betting.

The company operates through two segments: Real money iGaming  and simulated iGaming operations.

  It provides its technology platform as GameSTACK Internet gaming ecosystem platform, which can be deployed for simulated iGaming, real money iGaming and online sports betting.

  Earnings:

  This year, analysts predict a loss of 20 cents a share compared with a loss of 75 cents a share the prior year.

  Next year, the Street expects a profit of 4 cents a share.

  For the upcoming third quarter, the Street expects a loss of 7 cents a share compared with a loss of 14 cents the prior year.

Charts:  

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

  The stock is now at an all-time low. That is very bearish.

Strategy Opinion: TTD  is targeting GAN for a decline to $10.50 within the next few months, or sooner. A protective stop buy can be placed near $15.50.

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.)