Pre Market Game Plan by AJ – 2/16/17
1) $XTLB Low float mania, Stock ran from $3 to $5.50 lets watch this today in play (3.074)
Stock gapping up +$2.43 I like to see this come down to $3.75 area an under and watch for bottom curl see if this gets volume underneath it and we get a solid move back thru $5 if this does get thru $5 this could run all day, if it pops and lower lows set in it will be an all day fader for shorts to enjoy back to $3.10…Alot of rooms may be on this on today so watch out
2) $CFMS Earnings Miss (8.55)
Stock gapping down -$3 2 ways to play this, this pops at open rushes to $6.50-$7.25 we get topping on it then all day fader on it, or this pulls hard at open to pre-market lows to $5 and under and we scale in LONG on bottom curl for +$1 or more on it.
3) $KATE Looking at Strategic Alternatives (19.67)
Stock gapping up +$2.25 2 ways this pops at open to $22.50-$23+ then watch for topping then scale in SHORT and gap fill it back to $20 and under, or this pulls at open and lower lows set in and you nail it to $20 an under then go LONG on it stock has range for us
4) $HAWK Earnings Miss (37.35)
Stock gapping down -$3.75 I like to see this pop at open to $35.50-$36 area then look for topping then scale in SHORT for an all day bleeder on it, or this pulls hard at open to $32.50-$33 area and we scale in LONG on it for an all day slow move back to $35 close
5) $GDDY Earnings Miss (37.46)
Stock gapping down -$2 2 ways to play this, this pulls at open to $34 and under watch for bottom curl take a few long and close it out to $35-$35.50+ if this pops at open on short covering thru $36+ watch for topping on it then scale in short for an all day fader on it.
6) ******$MOH Earnings Miss Healthcare (59.89)
Stock gapping down -$10 I would pick up a few here at $48.70 bottom have wide range on it to $47 area think bottom is about in, this could pop at open on short covering to $51+ more it goes watch for topping then consider re-shorting, A lot of Analyst are saying to buy on weakness today seeing $60PT on the stock, Stock has range
7) $NTAP Earnings Beat (38.93)
Stock gapping up +$3 2 ways to play this I like to see this pop at open to $43 area then watch for topping on it then possible gap fill to $39.50 and under, if this pulls at open to same area then look to pick it up around their for LONG for an all day slow move to the upside
8) $CAR Earnings Miss (40.66)
Stock gapping down -$3.66 2 ways to play this, this pulls hard at open to $35.50-$36 area then we take a few long on the bottom and short cover to $38+ or this pops at open to $38-$39 watch for topping then scale in SHORT for an all day fader on it.
9) $TRIP Earnings Miss top and Bottom (52.70)
Stock gapping down -$3.60 2 ways to play this, this pulls at open hard to $48 an under then look for bottom to set in then play a nice 1-2point bounce on it, or this pops at open to $51+ area scale in SHORT for an all day fader on it back to lows, they missed pretty big today
10) $NTES Earnings Beat HUGE (261.85)
Stock Gapping up +$22.50 I like to see a quick pop at open to $288-$290 area then look for some profit taking to kick in on it then slow fader to $275 and under on profit taking, if this pulls hard chase a few right to that area or under then scale in long, this is up a lot just need to gap fill some on profit taking
$ALXN Earnings Beat (132.00) Gapping up +$6.50 2 ways this pops a little more at open to $140 then take a few short and gap fill it to $135 area or under, if this pulls hard at open to $132-$133 watch for bottom then scale in LONG on it
$SCON receives a Patent (1.15) gaping up +.50 I like to see this pop to $2+ at open then look for some nice profit taking and possible all day fader on it, if this pulls at open to $1.25 area quick and fast would take a few long on it for nice all day move to the upside, its a patent pop so most likely pop and fade imo
$MDCA Jefferies Tags a BUY rating with $12PT from $4 (8.65) Stock gapping .60 cents this should have a decent move to $9.50-$9.75 today so watch the pop and pullback to $8.75 or under then bottom curl it take a few long for possibly an all day slow move to the upside