Pre Market Game Plan by AJ – 3/1/17
1) $DVAX FDA accepted review response (4.50)
Stock gapping up +$1.35 I like to see this pop at open a little towards $6-$6.25+ then look for a topping on it then slow all day fade on profit taking, A LOT of bag holders on this one so watch for this to fade off imo
2) $BGFV Earnings Beat (13.45)
Stock gapping up +2.00 I like to see this pop at open to $16+ if it comes watch for topping on it then wait for a nice pullback to $13.75 and under then bottom curl it and go LONG If this pulls at open to same area then go long for all day slow move to the upside
3) ****$LPTX Raymond James tags a $13PT and Outperform Rating (7.14) SWING IDEA
Stock gapping up this should pop at open on this call to $8.50-$9 then wait for a nice pullback on it I would like $7.25-$7.50 then look to go LONG for an all day slow move back to $9+ this is a nice call with todays market stock should run.
4) $X HUGE Call from Cowan raises PT to $60 from $36 (38.72) Gaping up on Speech like I said it would
Stock gapping up +$1.50 I like to see this pop at open a few more to $40.50-$41 then look for some nice profit taking pullback to $39 and under then scale in LONG for an all day slow mover, This was a perfect read from yesterday.
5) *$WTW Earning Beat (14.39)
Stock gapping up $2.00 I like to see this pop at open to $17.50-$18+ if it does then watch for topping on it then scale in SHORT and gap fill it slowly to $15.50 and under, if this pulls hard and sells off at open to same area go LONG alot of bagholders on this stock that want to get out.
6) ***$IPXL Earnings Miss (14.25)
Stock gapping down -$3 I would take a few here at $10.90 with room at open to pull to $10 area then look for a nice 1-1.5pt bounce on it. If it pulls harder and we see $9’s this will bounce on short covering so be ready for it.
7) $PANW Earnings Miss (151.90)
Stock gapping down -$31 I would consider taking a few LONG here at $119 area and using wide stops to $117 if ti comes this is a buy on weakness and I think shorts will cover and many will pick this up below $120 Be patient with it I like to see a $123-$126 bounce on it…More it pulls better the play
8) $WYNN Up on Macau Numbers (96.15)
Stock gapping up +$3 I like to see this pop a little more at open possibly to $101 area then look for a nice gap fill pullback fade to $97.50 or under more it pops better the fade if this pulls at open chase it down to $97.50 or under gap fill then go long Stock is strong today
9) $NVDA released GTX 1080 (101.48)
Stock gapping up +2.20 I like to see this pop a little at open to $104-$105 then look for a nice gap fill pullback to $102 and under I think this is in play today with room to $108 I believe it will be bought on weakness today
10) $MYL Earnings Beat (41.85)
Stock Gapping up +$3 I like to see small pop at open followed by a nice profit taking pullback to $42 and under higher it pops better the fade, I think this will fade on this pop so watch for it, if this pulls at open to same are go LONG all day slow move to the upside