Nov 18 - Thurs.
Milestone Financial Investments L.L.C.
- NASDAQ-100 After Hours Indicator up 1.2
- DRYS, +7.9%
- The lean toward reversing direction in next-day trade would have us wary on the long side of DRYS tomorrow, but we still suspect there could be opportunities early Thursday to catch some volatile upside trade in the shares. Longs may want to target possible upside entry points between 5.38 and 5.48, a range that could see some lift back into the 5.50s. On the short side, sell momentum grew more aggressive tonight off the evening high of 5.63 down to 5.60, a possible ceiling level that could see weakness back into the 5.50s or below.
- AMAT, -1.45%
- Stock has come down 6 out of 8 times last reports so with this tendency and tonights slide after initial pop I would be looking to go short on the issue with any returns to the upper level of its ah's range 12.5 area.
- HEAT, -9.73%
- LTD, +2.64%
- While the strong tendency to reverse direction in next-day action gives us some pause on the long side tomorrow, we would still look to play for gains early on Thursday. Longs may want to target upside entry points near 32.85 to 33.30, a range that could see strength back toward 33.50 or above. No clear ceiling developed tonight, but with the stock pinned at its highs late in evening trade, we would watch the 33.50 area. If sellers grow more aggressive up here tomorrow then there may be opportunities to catch downside drift back toward 33.
- PETM, -2.04%
- The stock's tendency to add to evening downside moves in next-day trade would have us looking at potential short plays on the issue tomorrow. Shorts may want to target potential entry points near 38.04 to 37.75, an area that held as a ceiling level through the late first-half of tonight's trade.
- APWR, -7.01%
- ARUN, -0.14%
