Pre Market Game Plan by AJ – 1/27/17
1) $AUPH Selects worldwide clinical trials as its CRO (3.05)
Stock gapping up +.50 imo this news just doesn’t warrant any kind of pop, I think Day Traders are dying for anything out their, so with that said, lets see if this pops thru $4+ at open IF it does I would expect an all day fader on it back to lows. Tricky Chart never holds its gains, but today’s news basically says to me…..I decided to select a better grade of paper then a not so good one….How is that news?
2) $EPE Light Volume enters a JV drilling with WolfCamp (5.78)
Stock gapping up +.50 I like the news I think the stock reacts positive today on this, However we need volume so lets see if this pops at open to $6.50-$7 then watch for a decent gap fill pullback on it then look to scale in a few LONG on a bottom curl at $6 or under
3) $CAFD Earnings Disaster (14.75) received multiple downgrades this morning with more coming in.
Stock gapping down -$1 2 ways to play this look for this to pop at open to $14+ on short covering more it pops better for us, then look to top it off and SHORT it for an all day fader on it, if this pulls hard at open to $12 area look to play a 1 point bounce on it
4) $CRK Baird Tags a OUTPERFORM Rating on this from Neutral with $17PT (12.71)
Stock gapping down -.05 I would take a few here LONG at $12.65 add on ANY dip at open look for a slow all day move to $14 on this call.
5) *******$BMY Deutsche Bank Lowers the PT from $48 to “$42” (46.82)
Stock gapping up +.17 ANY pop at open to $47.50-$48 IF it comes look to scale in SHORT and fade this to $45 or under today, Think this will slow up on a slow bleeder. Lets see how it sets up at open, not much risk here short at $47 to start.
6) $SYNA Positive Earnings (58.14)
Stock gapping up +$4 2 ways to play this I like to see the stock pop at open to $62-$63 then followed by a nice profit taking pullback to $59 or under then scale in LONG on it back to highs, higher it pops at open watch for the topping, if this pulls at open to same area go long and take it back up to pre-market highs
7) **$CLVS BofA comes out positive with a BUY rating and Tags a $74PT (61.69) MM just popped it to $63 30sec ago as soon as typed
Stock gapping none, think this will pop at open possibly to $63+ then scale in SHORT gap fill it back to $61.75 or under then look for bottom curl then go long for an all day slow move to the upside
8) $VMW Positive Outlook (84.22)
Stock gapping up +$3 look for this to pop at open to $89-$90 then scale in a few SHORT and ride it back down to $85-$86 or under then look for bottom curl then scale in LONG, If this pulls at open to $85 or under go long
9) $WYNN Earnings Beat and Positive Guidance (95.50)
Stock gapping up +$6 like to see a quick pop at open to $103+ then followed by a nice gap fill pull back on profit taking to $98 or under, if this pulls to same area at open then scale in a few LONG for a nice upside move
10) $CVX HUGE Earnings Miss (116.55)
Stock Gapping down -$3 I like to see this pop a little at open to $114-$115 then scale in short for an all day fader on it, if this pulls hard at open to $110 or under play a nice 2pt bounce
$PFPT Earnings Miss (82.63) Look for this to pop at open a little to $80-$81 on short covering then scale in SHORT and all day fader if this pulls hard at open to $75-$76 play a nice 2-3pt bounce on it
$DELT (1.74) Twitter Pump should pop at open thru $2-$2.40+ then watch for decent gap fill pull back then look for bottom curl and possible continuation on it.
$JNCE IPO Priced at 6.4 mil (Low Floater) $16 a share on the Higher end. IMO if it opens at $18-$20 still consider over $25 walk away!!!