Pre Market Game Plan by AJ – 4/6/17
1) $AKTX William Blair tags an Outperform Rating on the stock (11.70)
Stock gapping up +$2 I would prefer this to pop some at the open to $14-$14.50 then look to scale in short gap fill it back to $12.25 and under then bottom curl it then go LONG stock has range on this call….BUT cautious could NOT find a Price Target on it
2) $RVLT Gapping up Completes Certification with the US Navy (7.42) Watch for upcoming upgrades on this
Stock gapping up $.70 I like to see small pop at open to $8.50 maybe $9 then look to scale in SHORT gap fill it back to $7.70 or lower, if this pulls at open to same area look for bottom on it scale in long a few on the curl
3) $AMD Goldman Tags a SELL rating with $11PT (14.17)
Stock gapping up +.70 this will be an all day sell off so with that said. I would grab a few on any pop at the open, on any short covering, so if this pops at open at all to $13.70+ scale in SHORT on it add with size as it squeezes more, if this pulls hard at open to $13 area or lower play a nice .50-90 cent bounce on it THEN re-short it!
4) $CAFD multiple down grades as low as $11 with Well Fargo (13.21)
Stock gapping down -$2 already, I like to see some short covering at open and take this back to $12.50+ or more then scale in SHORT for an all day slow fader to the downside, if this pulls hard at open to $10.75 or under scale in LONG and play the 1 point bounce on it
5) *********$NTNX BofA Tags a BUY rating with $27PT (17.95) I LIKE THIS CALL!!!!
Stock gapping up +.50 would take a few LONG here at $17.95 with room to add at the open to $17.40 area carry a nice average on it then look for this to make a nice all day slow move to $19-$20
6) $SUN agrees to sell a majority of its convenience stores to 7-11 for 3.3bil (23.86)
Stock gapping up +$3 I actually think this will pop more at the open possibly to $28-$29 levels before giving back any, watch carefully this stock, if it starts to pull and lower levels set in this could fade to $24.50 and under before going LONG again, so lets see how this reacts at open its got the range Traders but the news is HUGE!!!
7) $FSLR Down grades with Wells Fargo with $29PT and Baird as well (26.58)
Stock gapping down -.65 I would consider any pop at the open as a short opportunity. So watch for this pop at open on short covering then scale in SHORT for all day bleeder, if this pulls hard at open to $24.50 area or under go LONG and play a nice whip saw 1point plus bounce on it
8) ****$JAZZ resolves Patent litigation plus receives multiple upgrades and Price Targets (140.65)
Stock gapping up +$10 2 ways this pops more at the open to $152-$155 before giving back anything on it once it starts to pull down look for a $145 or under pull on it and fade, if this sells off at the open chase down to $144-$145 then play the bounce on it
9) $KMX Earnings Beat (56.66)
Stock gapping up +$1.10 2 ways this pops at open to $59+ then scale in SHORT and gap fill it back to $56 and under then go long, if this sells off and pulls at open to same area watch for bottom curl then go long
10) $BBBY Earnings beat but downside guidance for 2018 (37.80)
Stock Gapping up +$1.58 Like to see small pop towards $40 area then scale in short and gap fill this back to $38 and under then go long if this pulls at open to same area scale in LONG on it
$YUMC Earnings Beat (28.18) Gaping up +$2 2 ways this normally will sell off on any pop at open and gap fill it back to $29 and under so watch for it, if this pulls hard at open to same area then go LONG and play the bounce. Higher this may pop better the short for us
$FTI gapping up +$.65 on no news, (32.96) would watch for pop and pull at open to $33 and under then go long for all day slow move to the upside, if this pops at open then look to fade this an gap fill it back higher it goes better the short