Pre Market Game Plan by AJ – 1/10/17
1) $ETRM Another Volatile Day on the stock (17.70)
Stock gapping up +$3.50 I like to see quick pop at open for 1-2pts if it comes followed by a nice sell off watch for bottom curl then look for continuation on this possibly to $25+ once volume kicks it.
2) $DFFN Gapping up quite a bit on light volume (5.70)
Stock gapping up +$1.30 I like to see quick pop at open possibly back thru $8 if it comes followed by a decent profit taking pullback to $6.10 or under watch for bottom curl then scale in LONG for a nice all day slow move to the upside
3) $ASNA Horrible earnings and Horrible Guidance (6.01)
Stock gapping down -$1.25 I like to see this pull hard at open to $4 or under then slow move back to $5 to close, more it pulls better the short covering gap, if this pops at open to $5.50-$6 Scale in SHORT and look for an all day fader on it.
4) $GNVC Gapping up yesterday’s pump on tiwtterville (4.97)
Stock gapping up +$2.50 I like to see this pop at open back thru $8+ then followed by a nice gap fill pullback to $5.50 or under on profit taking then look for bottom curl then scale in LONG for an all day slow move to the upside. Just wait for this to set up before taking any sizable position with ETRM getting expensive this could be the next to get going to $10-$12+
5) $CUDA Earnings Beat (23.77)
Stock gapping up +2.35 I like this to pop some at opened followed by a nice sell off to $24-$24.25 or under on the stock, CUDA tends to sell their gaps so watch for any potential pop and look for that gap fill fade on profit taking then watch for bottom curl then scale in LONG
6) $VRX Company has a garage sell for 2.2Billion dollars worth of goods (15.35)
Stock gapping up +$2 Like SHLD I think this will end up selling off and is more of a negative for the company the 2.2 Billion isn’t enough to wipe out their debt, this is to me just a pasifier for the company so watch for any pop look for topping and lower lows to set in then look to fade this imo
7) TWLO Canaccord Tags a Buy rating with a $35PT (28.10)
Stock gapping up +$1.05 I like to see this pop a little more followed by a decent sell-off to $28.40 or under then scale in LONG for a nice all day slow move to the upside. I like this gap up but I need this to sell off and bottom curl before scaling in LONG on it for a slow move to $30+
8) $KITE enters partnership with Daiichi (51.99)
Stock gapping up +$2 I like to see this pop a little more at open possibly to $55+ then watch for topping then look to scale in SHORT gap fill it back to $52.50 or under then go LONG for an nice all day slow move to the upside
9) $EXPE Citi Tags a Sell rating with $100-$105PT (117.30)
Stock gapping down -$2 look for this to sell off today to $110 or under so would take some here at $115.50 then eye a any pop at open then look for the sell off on it.
10) $ILMN Confirms the introduction on Nova Series (141.54)
Stock Gapping up +$20 I like to see this pop a little more at open followed by a nice gap fill pullback for 8-11 points on profit taking so watch for any aggressive pop at open as a possible nice short entry for the pullback more it pulls at open if it bottoms out at $150 then go long
$SRPT Enters 2 agreements with Nationwide Childrens Hospital + Presentation at 10:30 Today (31.26) gapping up .4 cents would grab some here at $31.30 with room to add on any pullback stock may have a nice move to $33+ on this Keep an eye on it
$IDXG formal runner making a nice move this morning (5.96) Sabby Management Takes a 5.8% stake in the company Stock gapping up +$1.80 on this look for this to pop more at open possible to $8 then eye a decent gap fill pullback to $6.20 or under then take a few long for a nice all day move YOU have to wait for this to set up for us at the open
$DDD Look for this to give back Piper out sees “meaningful downside on stock” (16.73) would grab a few short at $16.50 add on pops look for this to fade back to $15 are or under