12.22.2010

Dec 23 - Thurs.

Milestone Financial Investments L.L.C.
  • Nasdaq-100 After-Hours Indicator Down 0.17 at 2,235.74 
  1. BBBY, +5.4%, 49.8 - 50.9
    • Beating Q3 expectations, setting guidance mostly above Street estimates and approving a stock buyback
    • Early buyers may want to linger near the 49.81 to 50.25 range, an area that set up as a floor support through much of tonight's trade and where there may be room to catch some upside draft back into the mid-50s.
  2. MU, -2.2%, 8.4 - 7.9
    • weaker-than-expected earnings numbers
    • The mixed historical data would have us following the momentum recorded tonight, specifically pegging a potential short play on the issue. Shorts may want to watch for a potential ceiling level near 8.30 to 8.10, levels where some of tonight's strongest downside liquidity flowed into the shares.
  3. CROX, -2%, 8.8 - 7.95
    • CFO resigns
    • Stock had some downside pressure on it around 18.7, and the 18.4 and 18 levels stood as a bit of resistance for a short play from 18.7. Look for a ceiling to form around 18.5 area with any pops above this level as opportunities to short into the play, covering on the resistance points in night trade.
  4.  GILD, -2.3%,36.2 - 35
    • ends Phase III clinical trial of ambrisentan in patients with idiopathic pulmonary fibrosis due to lack of efficacy. 
    • big red vol bar coming down on this stock, looking for a push below 35 tomorrow.
  5. LZB finally add'd my long on this stock right at close 9.23, only did half size, looking to get more soon.
  6. UCBI broke out of this week base at 2.2 and closed strong will be on watch tomorrow for these reasons. 
  7. APRI broke this week base at 3.5ish area and held gains well today, should move tomorrow.
  8. HDY little longer base here so its move up is more significant, held 5 well today. more ups we looking for.