Tuesday 16 October 2012

Oct 17 - Preview

Some stocks with after hours news for trading tomorrow:

URI, 16.12% short float.

Q3 EPS of $1.35 beats by $0.23. Revenue of $1.22B (+71% Y/Y) misses by $50M.

After the earnings news the stock rallied and held below 36.00.



Some notable prices that are observable on the daily chart below, 36.80, 39.00, 41.00.



CREE, 15% short float

FQ1 EPS of $0.27 beats by $0.01. Revenue of $315.8M (+17% Y/Y) in-line.

CREE held above 28.00 after hours.



CREE broke above 26.00 resistance after hours and broke above 27.50 resistance as well. These are two levels to watch to the downside. On the upside I am watching and 28.50 and 29.00. Levels shown here on the daily.



Good luck everyone!
Sean.

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