Milestone Financial Investments L.L.C.
- Nasdaq-100 After-Hours Indicator Up 1.13 at 2,135.90
- CRM, +8.2%
- The reversal trend in place, both in the long- and near-term, would have us initially looking at a potential short play on CRM early tomorrow. Despite staying near its highs through much of tonight's session, there were plenty of sellers flowing in at 126 to 125, a potential ceiling level more risk tolerant shorts may want to eye that could see drops back into the lower 120s. On the long side, buyers looked most confident early in tonight's session at 118 to 122, a range that could catch some upside lift into the low- to mid-120s.
- ADSK, -3.8%
- The historical data doesn't offer us much directional influence so we would look to play ADSK within the ranges seen tonight, specifically looking at a possible short play. A potential ceiling developed tonight at 35.26 down to 35, levels that may have legs as a possible short entry point and perhaps see downside trade back into the 34s.
- DELL, +5.5%
- The modest tendency to add to evening trade in next-day action, both in the near-term and within the historical data, would have us looking at a potential long play on DELL Friday. However, a hard ceiling did develop tonight off the 14.74 level to 14.60, an area more risk tolerant shorts may want to eye for potential drift into the mid-14s. On the long side, we suspect DELL could see dips into the lower 14s, perhaps near 14 to 14.20, levels longs may want to watch and where there could be room to catch some quick bumps back into the mid-14s.
- MRVL, -2.7%
- The strong tendency to gain after an earnings event in the past 2 years or 6 out of 7 times, would have me inclined to long off of the lows tonight. Ceiling was established at 19.1 to 19.25 where if your going to long off of the low levels of 18.15-18.4, could be a nice target exit.
- FL, +9.2%
- With a slightly higher chance to reverse gains after earnings, but really could be a flat play tomorrow, would have me looking to short off of tonights highs in the 18 area. I expect this will be a slight fade off of highs tomorrow, but it only has a slight tendency to reverse pops doing so 5 out of the last 9 events.
- GPS, -1.5%
- historical data is mixed, no play as of now.
- SCVL, +6%
- stock has a tendency to get sold after a earnings event where it gains in evening trade so with this "sell the news" type mentality in place, I will look to short the issue tomorrow. See how it reacts out the gate, but 27 stood as top tonight.
- INTU, -4%
- stock typically gains big or drops big after an earnings driven after hours event, considering its after hours move being downward I would be short given the historical data. I wouldn't try to swing trade this though cause it is in a strong uptrend for a while now.
