Amazon (AMZN) and Alphabet (GOOG), two of the world’s most recognizable brands and Wall Street...
Ticker Tape Breakouts
11/22/2002 12:00 am EST
Leo Fasciocco focuses on isolating stocks that are breaking out of significant price consolidations and showing major accumulation. Expanding his highly popular online Ticker Tape Digest Professional Report, the advisor has recently begun the Ticker Tape Digest Technology Report, which tracks high tech and medical tech stocks. Here are Leo’s recent featured "breakout" recommendations.
“Cooper Cos. (
“The company should post strong earnings for the fiscal fourth quarter ended Oct. 30. We see net rising 33% to $1.01 a share from 76 cents a year ago. Sales are growing at 20% clip. Going out to fiscal 2003, we anticipate a 28% gain in net to $3.97 a share and in fiscal 2004, a 20% rise to $4.77 a share. The stock’s p/e ratio is only 18 making it a good play on growth at a reasonable price. Conservative investors should consider scaling into positions. We target a move to 66 to 68 during the next few months. A protective stop can be placed near 53. We rate COO a very good intermediate-term play due to its strong growth prospects.”
“Technically, CVD is a recent breakout that is consolidating above its breakpoint and showing good tape action. The stock has potential to move high and can be entered now. The key would be a follow up move over 23. We see good prospects for that mainly because the stock is showing very good relative strength to the market. We are calling for CVD to advance to 28 within the next few months. A protective stop can be placed near 19.80. We rate CVD a very good intermediate-term play because of the strong earnings outlook.”
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