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Pre Market Game Plan by AJ – 1/18/17

1) $REXX  In play today seems to have the right volume an attention on it one to watch (.745)
Stock gapping up +.25 Like to see this have a nice solid day on it, so will watch the pop and pullback on it, if it touches .80-.85 would consider watching bottom curl then scale in LONG on it to move it back to $1.10-$1.25 area or more

2) $CRNT  announces $60 Million in New Orders (3.39)
Stock gapping up +.55 I like this news, definitely on watch with volume so look for this to pop and pullback at the open on profit taking look for bottom curl at $3.45 or lower then scale in LONG for a potential all day slow move to the upside

3) $APRI  announce Mexico Granted the company commercialization partner (1.51)
Stock gapping up +.40 watch for this to pop a little at open then look for the gap fill pull back to $1.60 or lower then watch for bottom curl then scale in LONG I like this one for more of a SHORT so I will watch for the initial pop if it comes the eye the lower lows on it

4) $PSO Terrible Earnings (9.99)……I love these type of plays
Stock gapping down -$2.75  2 ways this sells off at open to $7 or under then watch for bottom curl then scale in LONG for a nice short covering for +$1 to +$1.25 points to the upside, or this pops at open on short covering to $8.90+ then watch for topping then scale in SHORT for an all day fader on it. Note…stock hit $6.90 in Pre- Market

5) $CCJ  Earnings Miss (13.27)
Stock gapping down -$1.10 I like to see this pull at open to $11.50 or under then play a nice 1 point slow move to the upside, more it pulls better the upside on it, If this pops at open on short covering thru $12.50-$12.75+ then watch for topping then scale in SHORT for an all day fader on it.

6) $GIMO  Earnings disaster (44.05)
Stock gapping down $11 I like the $32-$33 area to buy long on this, so watch for this to pop some at open on short covering possibly thru $35-$36 at open higher it pops then we can get in their and short it for an all day fader on it, if this pulls hard look for that $32-$33 area as a buying opportunity seems to be bought up around their, this stock will have range us, just need it to open before we attack it

7)  *****$DECK Buckingham Tags a BUY rating with $80PT from $60 (58.99) SWING also look to buy Feb 65calls
Stock gapping up +$1.50 Nice call this should have nice range today, Up on air and small volume all this trade will be is about the set-up so watch for the standard pop and pullback to $59.50 or lower then scale in LONG look for a nice all day slow move to $62+ on it, Note…stock was $61.50 2 days ago

8) $NBIX  Missed endpoint (40.17)  Mixed analyst out their NOT pulling down the stock thinks it will fix the issue
Stock gapping down -.20 One to watch, I think this will pull at open so watch for it I like to see this sell off at open to $38 or under then watch for bottom curl on it then scale in LONG for a nice all day slow move back to highs, if this pops at all at open to $40.50-$41 would consider shorting it for fade

9) $TGT  Earnings Miss (70.94)
Stock gapping down -$2   2 ways watch for quick pull at open to $65 area or under then scale in LONG for an all day slow move to close to $67 or if this pops at open on short covering to $69-$70 look to scale in SHORT and fade it

10) $JAZZ   FDA approves Generic version (115.57)
Stock Gapping up +$10 I like to see quick pop at open possibly to $127-$129 area watch for topping then scale in SHORT for a nice 4-6 point pull on it, if this sells off at open chase a few to $120-$122 area then watch for curl then scale in LONG stock has range for us today

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Notable Calls:

$NXTD Blowout Earnings WOW numbers are insane (2.67) Stock gapping up +.40 I like to see this have a nice day in it for an all day slow move to the upside with volume so watch for initial BIG pop then drop then bottom curl around $2.75-$2.80 on it. Nice Earning #’s

$NFLX  agrees to sign with Seinfeld Production to add to their list of products (132.89) This is good for the stock, stock is gapping up +$1.30 on this news, I like to see the standard pop and pull at open then look for a nice all day slow move back thru $135-$136 on this

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