Ticker Tape Digest

Tuesday - August 24, 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 24, 2021

TTD's Breakout Stocks

  Stock Market Overview

Total Buy Breakouts   -  10

Quality of Breakouts -  Average

Stocks Screened - 12,234

Bull side -  Large list of breakouts with several good looking plays.

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

Comment -  Several good looking breakouts. Aggressive bulls can be venturesome.

See Latest Earnings Reports -  A company that tops the Street's highest earnings estimate has potential to go higher. Key earnings beats -  PDD, VNET, BBY, CTRN and SCSC.

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

Shoe Carnival Inc. (SCVL) - 40.33, up 2.38 - Breakpoint 39.26

Net To Surge 168% for Fiscal 2022 (Jan.), TTD Targets 48

  SCVL, based in Evansville, Ind., operates stores selling shoes. Annual revenues: $977 million. SCVL's stock sprints higher Tuesday and breaks out from its 10-week, cup-and-handle base.

 So far today, SCVL is trading 488,834 shares, double its average daily volume of 234,000 shares.

  TTD sees potential for more on the upside.

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

 The stock worked to an intraday peak at $40.50 in the afternoon.

 The stock then trended sideways into the final bell.

 In after-hours trading SCVL fell to $38.50, but then bounced back to close at $40.20 in after hours trading.

 Tape Action

SCVL's tape action shows the recent block trades.

One can see the price for the blocks climbing from $37.86 in the morning to as high as $40.50 in the afternoon.

 A key bullish trade came in the morning when a block of 2,605 shares crossed the tape at $39.36.

 That was up from the prior block at $37.86 on 2,140 shares.

 Near the close a big block of 57,265 shares crossed at $40.33.

  That came on an up tick from the prior trade at $40.32 on 100 shares.

  Business

  SCVL sells  footwear and related products  through its retail stores in 30 states.  It also offers online shopping on its e-commerce site at www.shoecarnival.com.

 It also sells socks, belts, shoe care items, handbags, sport bags, backpacks, jewelry, scarves and wallets.

SCVL operates 415 stores in 35 states and Puerto Rico.  

  Charts

  SCVL's 12-month performance chart shows the stock up 198% versus a 35% gain for the stock market.

  Insiders were sellers at $36.29 to $70 a share the past several months.

  Insiders have not been recent buyers.

  SCVL's long-term chart shows the stock advancing from $7.53 in 2017 to a peak at $22.50 in 2018.

  The stock then fell back to $6.28 in early 2020 when the stock market sold off.

  Since then, SCVL has surged back to a new high of $40.50 Tuesday.

  SCVL's daily chart shows the stock rising from $29 in May to a peak at $39 by late June.

  The stock then formed a cup-and-handle base. The breakout is strong with a widening of the spread and pick up in volume.

  The stock's CCI momentum indicator is solidly bullish.

  Earnings Outlook

  This fiscal year ending in January the Street predicts a 168% surge in net to $1.50 a share from the 56 cents the prior year.

  The stock has a price-earnings ratio of 27.

  Net for the fiscal second quarter ended in July should climb 55% to 55 cents a share from the 35 cents the previous year.

  Profits for the fiscal third quarter ending in October should climb 22% to 62 cents a share from the 51 cents the prior year.

Strategy Opinion:  TTD is targeting SCVL for a move to $48 within the next few months, or sooner.

A protective stop can be placed near $38.

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. Bears be conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Theravance Biopharma Inc. (TBPH) - 9.24

Loss Seen This Year and Next, TTD Sees Drop to 7.40

  TBPH, based in GeorgeTown, is a biotech firm working on treatments for organs. Annual revenues: $72 million. TBPH's stock gaps lower Tuesday and breaks below key technical support.

  So far today, TBPH is trading a heavy 10.2 million shares, 20-times its average daily volume.

  TTD sees more on the downside.

  TBPH's stock drop was triggered when the company's treatment for ulcerative colitis disappointed in testing.

   Tape Action

  TBPH's tape action shows the recent block trades.

  One can see the price for the blocks falling from $14.05 in the prior session to as low as $9.24 by the close.

  A key bearish trade came in the morning when a block of 53,882 shares (duplicated) crossed at $10.37.

  That was down from the prior block at $11 on 84,148 shares.

  Then near the close a giant block of 162,556 shares crossed at $9.24 a share. That was down from the prior block at $9.52 on 55,500 shares.

    Business

TBPH develops organ-selective medicines. It focuses on inflammation and immunology.

It applies organ-selective knowledge to biologically compelling targets to discover and develop medicines, which are designed to treat diseases.

The company is developing lung-selective medicines to treat respiratory disease.  

 Earnings:

  This year, the Street predicts a loss of $3.54 a share compared with a loss of $4.46 the prior year.

  Going out to 2022, analysts expect a loss of $1.87 a share.

  For the upcoming third quarter, TBPH should report a loss of 81 cents a share compared with a loss of $1.16 the previous year.

Charts:  

  TBPH's daily chart shows the stock trending lower from $22 in April down to around $12. It tried to form a bottom, but breaks down with big volume.

  TBPH's 12-month performance chart shows the stock dropping 45% versus a 35% gain for the stock market.

  Insiders were recent sellers at $20. They have not done any recent buying, although getting stock options.

Strategy Opinion: TTD  is targeting TBPH for a decline to $7.40 within the next few months, or sooner. A protective stop buy can be placed near 10.

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.)