Milestone Financial Investments LLC
- LDK, -2%
- declined in after-hours trade despite topping Q4 expectations
- reversal trend in place in the shares, combined with some steady buy interest late tonight off the lows of 12.24 up to 12.35 would have us looking at this area as a possible upside entry points that could see potential turns back toward 12.40 to 12.50, based on the evening trade. On the short side, the 12.70 to 12.60 area stood as a consistent ceiling through the first-half of Thursday's night trade, an area to watch for possible turns back near the flatline or below.
- NKE, -6.7%
- declined in after-hours trade after posting weaker-than-expected Q3 results
- Shorts may want to target potential entry points near 81.77 to 80.53, an area that stood as a top through most of tonight's trade. More risk tolerant shorts may want to sit closer to the 80 area in anticipation of the stock likely starting the day here and perhaps seeing some attempts to break to fresh near-term lows in the higher 70s. On the long side, buyers may want to watch from the sidelines through the early going tomorrow, but we would note that there was some late evening nibbling at the shares close to 80 tonight, and if this continues early on Friday then there may be room for longs to follow the reversal pattern and perhaps catch some modest bumps higher from here back toward 81
- CPWM: -7.4%; meets with Q4 results, sets mixed guidance.
- INTU: steady; reports 30% month-over-month growth for TurboTax unit.
- In Play Today:
- FTK - great range both long and short today for plays, closed very strong, but was up a tremendous amount on the back of 2x revenue e/r.
- CCJ, CIGX, PEGA,
- JAMN short, JVA, KONG, RNIN,
- LULU - Wanted it to reverse today, did somewhat, not as much as I'd hoped, a firm came out and defended it, putting price target at $100, SWS, CSOD, DEPO, CHBT, UTOG, JAZZ,
- OME - may benefit from Japan, EEE,
- LMCO - pump emails, ALZM.
