Milestone Financial Investments L.L.C.
- Nasdaq-100 After-Hours Indicator Down 1.68 at 2,068.05
- JNPR, 27.25-30.05,
- massive drop followed by 3 distinct pops back to high, not much of a sell off, but fell back to around 29 before night trade closed.
- Downside pressure was minimal in late trade, but looking deep into earnings events the stock has a tendency to start high and fall down, which has me thinking it will open high possibly push and be a much greater short.
- ALTR, 29.88-30.15,
- solid pop to high, where it geared into a range and eventually closed night trade at evenings highs.
- The stock has recorded an after-hours earnings driven gain in 21 of the 25 quarters we've tracked over the last six years, and in 12 of those upside evening moves the stock has seen a more aggressive positive run in the next day's regular session. While the near-term reversal pattern gives us some pause, the consistent upside volume recorded tonight, combined with some solid long-term historical data that favors widening, has us looking at a possible long play on ALTR Wednesday. Early buyers may want to linger near the 29.60 to 30 area, a base support that held this evening and where there may be room to see some bounces north of 30.
- ISRG, 256.41-272.56
- dropped to low, geared for a bit and then popped into uptrend where it touched highs, some sells off the high brought the stock back down a bit, strong company overall, long if you want to hold for a long time, looking to day-trade it you would benefit from scalping inside the range established tonight.
- ISRG has seen wider follow-on regular session movement on the heels of 16 of its last 23 extended-hours quarterly reports, 70% of the time. The near-term performance is mixed, including two widening and two narrowing moves. Looking deeper into the performance data, ISRG has recorded an after-hours decline in 8 quarters, adding to its evening declines in next-day trade in 5 quarters (62% of the time). Despite tonight's late burst of buying, we're inclined to follow ISRG's rather firm widening patterns in place and look for a short play on the issue tomorrow. Early shorts may want to target possible enttry points near 270 to 267.50, late levels recorded tonight that could set up as a tentative near-term top.
- CREE, 49.17-46.69
- drop to lows after hours followed by slight dollar pop, and small uptrendish pattern. although very weak would have me slightly longer on the issue than short, although a short play would prove tentative.
- It found firmer support into the mid-session and second-half, clawing up to still downside levels between 49.60 and 48. Evening indications would suggest CREE records a potential pre-market open Wednesday near the 49 to 48.50 area. The 49.50 to 48.50 area stood as a consistent ceiling level through tonight's trade, an area shorts may want to eye as a potential top tomorrow that could see downside drift back toward 48 or below.
- BSX, 6.05-6.21
- little choppy after hours, but formed some support 6.15 area, looking for upside moves off of that level tomorrow would be ideal.
- GILD, 36.71-37.75
- popped to high, maintained gains and looking to move off of support tomorrow, which formed at 37.5 area.
- NFLX earnings tomorrow, ah's, looking at options tomorrow, Possibly straddle 150 weeklys. http://fsc.bz/7ym
- ABK Crazy pop last part of day, little pull back to 1.1 area ah's, keep an eye on. http://fsc.bz/7yn
- REE Very solid today, pulled back on some sells and major panic when the dow hit 200, only to resume uptrend. http://fsc.bz/7yp
