In last evening’s Forecast Report, Bed Bath & Beyond (BBBY) set up for a possible long play from 38.62 up to 39, a range that set up as a tentative floor support through after-hours trade, for early Thursday. On the short side, the 39.92 to 39.50 range recorded some of the most aggressive downside trade of the night session, a potential ceiling level that could see drift back into the lower 39s.
In pre-market trading, the stock ranged between 39.04 and 40.87. From the short side, a buy at 39.04, just outside our target, measured to the day high of 40.12 is up 2.8%. A sell at our 39.92 target, as measured to the regular session low of 39.10, is 2.1% in the black.
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In last evening’s Forecast Report, Nike (NKE) signaled a possible long entry point for early Thursday at 69.69, up to 70.50 to 70.75. On the downside, a tentative ceiling level was established in night trading at 71.69 to 71.48, a possible short target.
In pre-market action, NKE ranged between 69.67 and 70.97. A buy at the low end of our target 69.69, measured to the day high of 70.67 is up 1.4%. A sell at 70.97, as measured to the day low of 69.27, is up 2.5%.
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In last evening’s Forecast Report, Texas Instruments (TXN) signaled a possible long play for early Wednesday at 23.75 to 23.85.
In pre-market action, the stock held above our target during pre-market trading, ranging in a tight band of 24.20 to 24.40. For patient investors, a chance did come with a dip to 23.71 inside the first half hour of the regular trading session. A buy at our 23.75 target, as measured to the 24.54 day high, was up 3.3%.
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In last evening’s Forecast Report, A123 Systems (AONE) signaled a possible long entry point for early Tuesday at 8.23 to 8.40. We also advised against staying in too long, considering some of the consistent downside pressure recorded late Monday off the 9.00 mark down to 8.50.
In Tuesday’s pre-market action, the stock hit a low of 8.30. A buy there, as measured to the day-session high of 8.63, is 4% in the black.
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In last evening’s Forecast Report, DepoMed (DEPO) signaled a possible long play for early Tuesday from 3.17 up to 3.22.
In Tuesday’s pre-market session, the stock traded to a low of 3.17. A buy there, as measured to the day-session high of 3.39, is a 7% winner.
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In last evening’s Forecast Report, Omnivision Technologies (OVTI) indicated a potential pre-market open Friday near 19.60 to 19.90. On the long side, buyers were most active at 19 to 19.50, levels seen as a potential floor for a play early Friday. More risk tolerant longs were advised to sit closer to the 19.60 to 19.80 range. On the short side, sellers were quick to dump out on several passes above 19.80 in night trading, a potential play for early Friday.
Early Friday, the stock ranged between 19.80 and 20.41.
A move in at the 19.80 target, as measured to the 20.32 regular session high, was 2.6% in the black.
On the short side, a sell at 19.80 also paid off modestly, as the shares moved as low as 18.81 in regular trading. That move was 5.2% in the black.
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In last evening’s Forecast Report, ERTS set up for both a short and long play for early Wednesday. A short entry point at 18.50 to 18.25 and a long entry point at 17.75 to 17.90 emerged.
In pre-market action, ERTS hit a high of 18.20, just outside our target range. The stock hit a low of 17.71. A buy at 17.75, as measured to the day high of 18.21, is 2.6% in the black.
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In last night’s Forecast Report, Walt Disney Co. (DIS) set up for a possibly early long entry point at 34.16 to 34.30 and a possible short move near the 35.29 to 34.90 area.
In early trading, the stock hit a low of 34.25, a buy there, as measured to the day high of 36.21 is 5.7% in the black.
A sell at the 35.01 pre-market high measured to the day low of 34.82, is 0.5% in the black.
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In last evening’s Forecast Report, Netlist (NLST) set up for an early long entry point near 2.80 and 2.90, even closer to 3.00, for early Wednesday.
In pre-market trading, NLST hit a pre-makret low at 2.90. A buy there, as measured to the day high of 3.39, is 16.9% in the black.
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In last evening’s Forecast Report, Express Scripts (ESRX) signaled a possible short play from 100.50 to 100.
In pre-market action, ESRX moved as high as 99.70, just shy of our target. The stock briefly push to 101 inside the first half hour of the regular trading session, triggering a bout of selling there that pulled the stock down to the day low of 99.32. From that low the issue moved steadily higher before flattening at higher levels in afternoon action. For shorts who jumped in around 100.50, the top of our range, that trade, as measured to the day of 99.32, was up 1.2%.
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