Pre Market Game Plan by AJ – 3/10/17
1) $CATB Gapping up on limited news (1.33)
Stock gapping up +.50 I like the volume on this, so lets see if this pops at open thru $2+ then look for a decent pullback gap fill to $1.50 or under bottom curl it then we go LONG I’ll be keeping an eye on the volume as it moves today, but watch for the gap fill
2) $TEUM Gapping up also on limited News (1.51)
Stock gapping up +.70 I like to see this do a small pop at open to $2.50+ then watch for topping this could end up just be a nice all day fade back to $1.70 and under so lets watch for Lower Lows to set in, for not lets see how it runs outta of the gate before sizing in
3) $TTPH BMO raises PT to $10 (6.08)
Stock gapping up +.30 I would take a few here at $6.37 LONG room to add on any dip at the open think we see this hit $7.50-$8 today, Market is strong so this should be a decent one to play
4) $FMSA Both Wells Fargo RBC think this sell off is overdone and to buy on weakness with $16PT (7.30)
Stock gapping up +.32 I would take a few here LONG at $7.62 add on dips at the open if they come carry nice average and look for a nice move to $8.50-$9 possibly today, we need volume behind it but it seems analyst really want to buy on the weakness
5) $SGRY Earnings Miss (20.95)
Stock gapping down -$3.00 I like to see this pop at open would take a few LONG here at $17.90 room to add on any pullback think this gap fills back thru $19-$19.50 at open then look for topping on it then slow fader back to lows, If this pulls hard at open I think $16 will be bottom and shorts will come in an cover this nice back up for +$2
6) ****$ZUMZ Earnings MISS (21.00)
Stock gapping down -$3 I like this to actually sell off at open lower to $16-$17 before scale in LONG for a nice 1-2pt bounce on it, if this pops at open let it run back thru $19.50-$20+ then scale in SHORT for an all day fader on it. Should be fun
7) $FNSR Earnings MISS (34.90) ………….Analyst are saying to BUY on this weakness today
Stock gapping down -$6 I like to see this pop at open would take a few LONG at $29 with room to add on ANY pullback to $27.50 area at the open I think this ends back up around $31.50-$32 level today, more it pulls at open better for us but their already buying this up in Pre-Market so watch for the pop on it.
8) ****$IONS Goldman Sachs Tags a SELL rating with a $25PT OUCH!!! (45.80)
Stock gapping down -$4 I like to see this pop at open from here to $43-$43.50+ level or more then watch for topping on it then scale in SHORT for an all day fader on it, if this pulls harder at open to $40 level or under GO LONG and play a nice 2-3pt short covering bounce
9) $NVDA Citi is saying BUY this weakness today with $145.00PT with today Gap up in Market this should be nice (98.54)
Stock gapping up +$1.00 Would go LONG at $99 room to add on ANY dip at open think we ramp this up to $102.50-$104 on this call today. Market is up this should be nice
10) $ULTA Earnings Miss (273.77)
Stock Gapping down -$3.50 this is always bought up on weakness, always LONG was at $264-$265 area in Pre-Market if this sells off at open to those areas again at open scale in LONG on it look for this to get back to $270-$272+ today.
$SRPT JPM raises PT to $42 (32.73) would take a few LONG here at $33.23 add on dips think we see $35-$36 on this call today with market gaping up.
$ABBV Goldman Tags a Conviction List with $80PT (64.50) would take a few here LONG at $65 with room to add on any pullback at open look for this to hit $66-$67+ on this call