Continue reading Silvercorp Metals (SVM): Silver Breakout

Silvercorp Metals (SVM): Silver Breakout originally appeared on BloggingStocks on Tue, 08 Mar 2011 15:00:00 EST. Please see our terms for use of feeds.

"Virgin Mobile USA (NYSE: VM) is one of the strongest issues this year among the low-priced stocks; it has climbed from 76 cents to nearly $5," says technical expert Leo Fasciocco.

Fasciocco is a technician and editor of Ticker Tape Digest, an advisory service that focuses on finding stocks that are breaking out from technical basing patterns.

He suggests, "Based in New Jersey, Virgin Mobile offers wireless subscribers a choice in wireless service and innovative products without annual contracts; annual revenues are $1.3 billion.

"The stock's long-term chart shows VM trading as high as 15. It was dragged lower during the bear market. However, the stock has made the turn and is now in an up trend supported by good earnings prospects.

Continue reading Virgin Mobile USA (VM): A wireless breakout?

Virgin Mobile USA (VM): A wireless breakout? originally appeared on BloggingStocks on Mon, 14 Sep 2009 14:00:00 EST. Please see our terms for use of feeds.

In his The Ticker Tape Digest, technician Leo Fasciocco looks for stocks that have broken out of basing patterns; his latest breakout stock is credit card processing firm Visa (NYSE: V).

"Visa manages a group of global payment card brands. It licenses them to financial institutions that issue cards to their customers. The company maintains the largest card service in the world with annual revenue of $6.5 billion.

"The stock soared after it came public. It peaked at 90 and then was swept lower with the bear market. The stock has put in what seems to be a good bottom. The key is for it to kick in an up trend. That is quite possible now, but not a given.

Continue reading Charged up over Visa

Charged up over Visa originally appeared on BloggingStocks on Mon, 13 Apr 2009 15:20:00 EST. Please see our terms for use of feeds.

With its own economic stimulus program in place, a relatively stable banking system, and a stock market that has been resilient in recent months, numerous leading global investment advisors are looking bullishly towards China.

From technology to power, and from individual stocks to ETFs, and from Hong Kong to Taiwan to mainland China, we turn to seven leading advisors for their favorite ways for US investors to take a stake in Asia.

Continue reading Global advisors look to China: 10 picks from seven pros

Global advisors look to China: 10 picks from seven pros originally appeared on BloggingStocks on Fri, 27 Mar 2009 17:00:00 EST. Please see our terms for use of feeds.

Leo Fasciocco is a technician focused on "breakout" stocks; in his Ticker Tape Digest, two recent such breakout ideas were both from the out-of-favor auto parts sector: O'Reilly Automotive (NASDAQ: ORLY) and Autozone (NYSE: AZO).

Noting the recent strength in these auto parts stocks -- both have recently rose to new 52-week highs despite the market's sharp declines -- the advisor explains, "Auto parts stocks may see strong product demand as more people keep their car and not buy a new one."

"O'Reilly Automotive is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S, with annual revenues of $3.1 billion.

Continue reading Auto parts buck downtrend: Autozone (AZO) & O'Reilly (ORLY)

Auto parts buck downtrend: Autozone (AZO) & O'Reilly (ORLY) originally appeared on BloggingStocks on Thu, 05 Mar 2009 09:15:00 EST. Please see our terms for use of feeds.

This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

"Airline stocks are looking good now; the airlines should benefit greatly from the big drop in crude oil, as lower crude means lower fuel costs for their operations," notes breakout specialist Leo Fasciocco.

In his Ticker Tape Digest, he looks at Allegiant Travel Co. (NASDAQ: ALGT), a "niche travel airline providing nonstop flights from 53 small cities to large vacation destinations such as Las Vegas and Orlando."

The advisor explains, "The Las Vegas-based company has annual revenues of $483 million. The company also has fixed-fee deals with Harrah's Entertainment to fly certain prespecified routes. The firm's fleet is composed solely of McDonnell Douglas MD-80 aircraft.

"ALGT recently broke clear of a seven-week flat base. Its price pattern of the past few weeks has been a zig-zag with a bias to the upside. The current base is a bit choppy. However, the technicals are extremely bullish. ALGT's push to a new high is very bullish and could bring in more buying.

Continue reading Top Stock Picks '09: Allegiant Travel (ALGT)

Top Stock Picks '09: Allegiant Travel (ALGT) originally appeared on BloggingStocks on Wed, 07 Jan 2009 15:20:00 EST. Please see our terms for use of feeds.

This post is part of a report entitled "Six-pack of technology favorites." You can read about the other top tech stock picks here.

"Technically, Oracle (NASDAQ: ORCL) is now set up nicely in a base for a breakout," says Leo Fasciocco, a technical analyst who specializes in stocks breaking out above previous resistance levels.

In his Ticker Tape Digest, the newsletter advisor explains, "ORCL is in a good spot to be accumulated for a breakout, supported by favorable earnings prospects. And as a big cap play, it is most suitable for conservative investors."

"Oracle, based in Redwood City, California, sells a wide range of enterprise software solutions, including databases, middleware, and applications. With annual revenues of $22.4 billion, ORCL is one of the largest software companies. Its updates and product support are the most profitable segment of its operations. It accounts for 46% of revenues.

"The company has an active acquisition program that is a fundamental component of its strategy. ORCL has spent more than $28 billion in acquisitions the last four fiscal years.

"The stock's long-term chart shows a powerful run up to 40 during the 2000 bull market. It then went south with the stock market. It has since been working its way back. Short-term, the stock rallied from 18 to 23 and has formed a cup-and-handle base. That type of pattern is sometimes found with big caps. The stock is now set up nicely in a base for a potential breakout.

Continue reading Breakout gains 'foreseen' for Oracle (ORCL)

Breakout gains 'foreseen' for Oracle (ORCL) originally appeared on BloggingStocks on Sat, 30 Aug 2008 11:00:00 EST. Please see our terms for use of feeds.

With concerns over recession, turmoil in the financial sector, fear of rising rates, high market volatility and a rising aversion to risk, many investors have been avoiding technology stocks.

Investors have feared that these economic headwinds will dampen both consumer spending for technology products and reduced capital expenditures for technology in the corporate sector.

Despite these concerns, some of the newsletter industry's leading advisors are looking beyond the current malaise and seeing longer-term value in some of the tech sector's leading players. They believe that much of the "bad news" is already reflected in the price of the shares, with little recognition being given to their longer-term potential.

For those willing to go against the crowd and buy, as they say, "while blood is running in the street," we offer a six-pack of technology stocks that the some top advisors considers to be among their favorite ideas.

Continue reading A six-pack of technology favorites

A six-pack of technology favorites originally appeared on BloggingStocks on Thu, 28 Aug 2008 17:15:00 EST. Please see our terms for use of feeds.

"Coal miner Peabody Energy Corp. (NYSE: BTU) looks hot," says Leo Fasciocco, who focuses on stocks that have broken out from technical basing patterns.

In his The Ticker Tape Digest, he explains, "The stock rose above its break points of $81.20, hitting a new high." He adds, "With net set to surge 70% this year, we see an upside target of $105 per share."

"Peabody, based in St. Louis, is a major producer of coal with annual revenues of $4.7 billion. BTU's coal fuels more than 10% of U.S. electricity generation and 2% worldwide.

"The company has mining operations in Appalachia, the Powder River Basin, and the U.S. Southwest and Midwest, as well as Australia and Venezuela. It also markets, brokers, and trades coal, and develops electricity-generation projects.

"Technically, BTU has broken out from a six-week flat base today with expanding volume. It is part of the strong coal group, which has been one of the strongest acting sectors of the market.

Continue reading Breakout for BTU: Technician buys Peabody Energy

Breakout for BTU: Technician buys Peabody Energy originally appeared on BloggingStocks on Fri, 27 Jun 2008 13:30:00 EST. Please see our terms for use of feeds.

"Flir Systems Inc. (NASDAQ: FLIR) provides thermal-imaging and infrared camera equipment for military, law enforcement, and commercial applications," notes Leo Fasciocco.

In his Ticker Tape Digest, which focuses on stocks showing technical breakouts, he explains, "FLIR has convincingly broken out from a five-week base; the move was boosted by the win of a $359 million contract from the Army."

"FLIR, with annual revenues of $855 million, has been a sensational winner since 2001. It is a beneficiary of the war on terror and the need for equipment to combat it via military and security needs.

"Short-term, the daily chart shows the stock crossing its resistance line at 35.54. The move sends the stock over not only near-term resistance but also over the peak made back in early November. The action indicated very astute institutional buying.

Continue reading Flir Systems (FLIR): Technician zooms in on thermal imaging

Flir Systems (FLIR): Technician zooms in on thermal imaging originally appeared on BloggingStocks on Wed, 04 Jun 2008 11:34:00 EST. Please see our terms for use of feeds.

Leo Fasciocco is a technical expert who focuses exclusively on finding breakout candidates. In his Ticker Tape Digest, he looks to agriculture equipment manufacturer Deere & Co. (NYSE: DE).

"Deere, with annual revenues of $24.8 billion, makes agricultural, industrial, forestry, and lawn-care equipment. DE is benefiting from the strong demand for its products in the farm sector. The company is also expanding aggressively in Russia.

"DE has broken out from a 13-week flat base. Its long-term chart shows DE soaring from 20 in 2003 - the start of the prior bull market - to 92. It has been a big winner in the big cap sector. The stock has gained 65% in the past 12 months versus a 5% drop in the S&P 500 index.

"The stock is in a base bracketed between roughly 78 on the downside and 91 on the upside. The breakpoint was set at the key upside resistance of the base. Deere has plowed through that resistance on increasing volume.

Continue reading Breakout bet on Deere (DE)

Breakout bet on Deere (DE) originally appeared on BloggingStocks on Wed, 30 Apr 2008 11:42:00 EST. Please see our terms for use of feeds.

Technical expert Leo Fasciocco seeks stocks that have broken out from technical basing patterns or those he feels are poised to make such a breakout, such as Gilead Sciences (NASDAQ: GILD), which has a "breakout level at $50."

The editor of Ticker Tape Digest explains, "Gilead Sciences, with annual revenues of $4.2 billion, makes therapies to treat life-threatening infectious diseases. It focuses on pulmonary and cardiovascular diseases.

"The company has four products -- Viread, Emtriva, combination pill Truvada, and triple combination Atripla -- in its HIV franchise, as well as Hepsera for hepatitis B. GILD recently received approval for pulmonary arterial hypertension drug Letairis, acquired from Myogen.

"The stock has climbed from $10 to $47 the past five years. It is one of the few stocks now that is knocking on the door of making a new high. With earnings growth to be solid this year and next, we see GILD in a good spot to be accumulated in anticipation of a breakout.

Continue reading Gilead (GILD): Bet on biotech breakout

Gilead (GILD): Bet on biotech breakout originally appeared on BloggingStocks on Tue, 25 Mar 2008 14:27:00 EST. Please see our terms for use of feeds.

"Zumiez (NASDAQ: ZUMZ) a mall-based sporting clothes retailer which markets to 12- to 24 year old, is poised for a breakout," says technician Leo Fasciocco.

The editor of Ticker Tape Digest notes, "With profits forecast to grow 30% for the next two fiscal years, we see good chances for Zumiez to move higher."

The advisor points out that the company has 235 stores and focuses on clothing for action sports as snowboarding, BMX, skateboarding, and surfing. ZUMZ sells popular youth brands like Billabong, Burton, Hurley, Quiksilver, Vans, and Spy Optic, as well as private-label goods.

Technically, he explains, "ZUMZ's chart shows a breakout at $34 and then one at $38. The stock personality tends to show a pattern of breakouts followed by short moves. In other words, the stock is stair-stepping higher. That is typical with its prior patterns and we would expect a breakout soon based on the past action of the stock."

Indeed, he says, "The stock's technicals are ideal." The advisor points to a bullish momentum indicator and an accumulation-distribution line that is in a strong up trend. Overall, he suggests, "That indicates excellent accumulation is still taking place."

Fasciocco is recommending accumulation of ZUMZ as a partial position now with further buying to be done on a move over $42. He is targeting a rise to $52. To protect on the downside, he suggests a trading stop near $36.

For more stock picks from the leading financial newsletter advisors, visit Steven Halpern's free daily website, TheStockAdvisors.com.

Zumiez: Sports clothes retailer set to zoom? originally appeared on BloggingStocks on Wed, 06 Jun 2007 11:35:00 EST. Please see our terms for use of feeds.