Nov 4 - Thurs.
Milestone Financial Investments L.L.C.
- Nasdaq-100 After-Hours Indicator Up 8.79 at 2,167.15
- QCOM, +6.2%
- The historical data is essentially a mixed bag as QCOM has a tendency to reverse direction but also sees some decent additions to after-hours gains. We're more inclined to follow the reversal pattern following tonight's upside move as sell momentum was strong in QCOM, especially at 50 to 49 - levels that were part of a run to fresh 52-week highs and are perhaps indicative of a near-term ceiling as traders possibly take out some profits tomorrow. Shorts may want to eye the 50 to 49 area as a potential entry point.
- MELI, -6%
- We're inclined to watch the 62.61 to 62 range as a potential short entry point tomorrow as this area set up as a hard ceiling in tonight's trade. More risk tolerant shorts may want to linger to levels closer to 62 to 61, a rather wide range that held as a top through the second-half of tonight's action.
- WFMI, +8.8%
- The historical widening trends, combined with solid upside momentum tonight may bode well for longs tomorrow. Early buyers may want to watch for potential entry points in the 43.75 to 44.50 area, levels that could set up as a possible base suppport for potential turns north toward fresh near-term highs in the mid- to higher-40s.
- TRLG, -7.8%
- NWSA, +3.1%
- THQI, -2%
- CHK, -2.1%
- MELI, -6%
- MPWR, -10.4%
- INTT, -26.4%
- ONNN, -2.7%
- FRPT, -7.4%
- HOTT, +1.4%
- ZUMZ, +9.6%
UPSIDE MOVERS:
- NWSA: 14.70 to 15.40
- WFMI: 40.88 to 44.90
- ORCL: 29.13 to 29.57
- UNTD: 6.13 to 6.26
DOWNSIDE MOVERS:
- TRLG: 20.13 to 18.57
- THQI: 4.06 to 3.95
- CHK: 22.68 to 21.56
- MELI: 64.81 to 60.05
- MPWR: 16.85 to 14.90
- BBBB: 42.66 to 40.01
- INTT: 3.04 to 2.32
- ONNN: 7.87 to 7.53
- FRPT: 5.61 to 5.11
