In last evening’s Forecast Report, J Crew Group (JCG) offered a potentially attractive early entry point for longs at 46.60 to 47.
In pre-market action Wednesday, JCG stuck to a relatively tight band of 46.12 to 46.85, largely above our target range. The stock moved during day trading between 44.53 to 46.17.
In last evening’s Forecast Report, Marvell Technology Group (MRVL) signaled a possible long play for early Friday from 18.71 up to 18.90. On the short side, evening action indicated a possible sell entry point from 19.25 to 19.10.
In Friday’s pre-market session, MRVL hit a pre-market low of 18.75. A buy there, as measured to the day session high of 20.38, is 8.7% in the black.
MRVL hit a pre-market high of 19.85. A sell there, as measured to the day low of 19.53, is 1.6% in the black. The stock did gain to 20.38 later in the regular session.
In last evening’s Forecast Report, Sigma Designs (SIGM) offered up a potential range for a short play at 13.70 and 13.20, and secondarily, closer to 13.20 to 13.
Early Thursday, SIGM hit a pre-market high of 13.14. A sell there, as measured to the day session low of 12.12, is 8% in the black.
In last evening’s Forecast Report, PetSmart (PETM) signaled a potential long trade for early Wednesday from 30.20 to 30.40.
The stock hit a pre-market low of 29.79 in pre-market trading. A buy there, as measured to the day high of 30.25, is 1.5% in the black. A buy at the low end of our target range, 30.20, as measured to the day high of 30.25, is up 0.2%.
In last evening’s Forecast Report, Verifone (PAY) signaled a possible short play from 19.90 to 19.50. On the long side, there was some tentative buying off the evening bottom of 18.83 up to 19, an area of possible interest for longs.
Early Wednesday, PAY hit a pre-market high of 19.74. A sell there, as measured to the day low of 19.54, is 1% in the black. The stock traded as high as 21.50 during regular trading.
A buy at the 19.42 pre-market low, as measured to the regular session high of 21.50, is 10.7% in the black.
In last evening’s Forcast Report, Hovnanian Enterprises (HOV) indicated a possible early long play from 4.10 to 4.16.
The stock hit a pre-market low of 4.10. A buy there, as measured to the day high of 4.25, is 3.7% in the black.
In last evening’s Forecast Report, Express Scripts (ESRX) indicated a chance for an early long play near 93 to 94, up to 97, in early pre-market trading.
ESRX hit a pre-market low Wednesday at 95.15. A buy there, as measured to the day high of 96.66, was 1.6% in the black.
In last evening’s Forecast Report, Salesforce.com (CRM) signaled a potential short play for early Wednesday at 71 to 70.50.
CRM hit a pre-market high of 71.20. A sell at the top of our target range, 71, as measured to the day low of 64.77, is 9% in the black.
In last evening’s Forecast Report, Limited Brands (LTD) signaled a potential long trade for early Wednesday from 22.15 up to 22.28.
The stock fell to a 21.15 low in pre-market trading. A buy at the lower end of our target range, 22.15, as measured to the day high of 22.50, is 1.6% in the black.
In last evening’s Forecast Report, STEC Inc. (STEC) signaled a potential short play from the 10.66 to 10.30 area, even down to 10.
Early Wednesday, STEC opened at the 10.50 pre-market high and drifted lower from there. A sell at the lower end of our target range, at 10, as measured to the regular session low of 9.47, is 10.9% in the black.
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