Pre Market Game Plan by AJ – 3/13/17
1) $HTBX achieves Phase 1b endpoint (.90)
Stock gapping up +.50 I like to see this pop at open to $1.50+ on some decent volume then watch for lower lows to set in then possible fade, if this pulls hard at open to $1.00 area watch for bottom curl then possible pop with volume and nice slow move to the upside
2) $FATE FDA cleared New Drug Application (4.80)
Stock gapping up +.70 I like to see this pop at open thru $6+ then watch carefully for lower lows to set in then possible all day fader on it, more it pops to me better the fade, I believe this news will be sold off. If this pulls hard at open to $5 or under watch for bottom curl then scale in LONG for a nice move on it today.
3) $MRVL UBS ups to BUY with PT $21 Needham ups to BUY with $21PT (16.39)
Stock gapping up +.40 would take a few here at $16.80 LONG add on dips on gap fill then look for a nice pop and move to $17.50-$18 on this call. Should get a nice slow move on this today with volume
4) ****$JBT Wells Fargo Tags a BUY rating with $100-$102 PT (88.05) Thin stock
Stock gapping up now. Watch any pop at open then look for this to pullback to $88.50 or under scale in LONG for a nice slow move to $90+ on this call today. I like this range with Wells this would be good also for a nice swing idea
5) $HIIQ Canaccord issues a BUY rating with $28PT (15.75) Healthcare area
Stock gapping up +.30 would take a few here LONG at $16.11 with room to add on ANY sell off at the open to $15.80 and under and look for a nice move to $18+ on this call, its gaping up but I would like to see some volume on it to really get it going
6) ****$FNSR STRONG BUY Raymond James with $40PT says BUY BUY BUY on weakness (26.98)
Stock gapping up +.40 would buy some here at $27.40 with room to add on ANY pull at open risk .50 cents for a potential move to $29+ on this call today. This should be very fun today.
7) $CARA HC Wainwright Tags a $22PT says Data this week should be good for the stock (15.84)
Stock gapping up +.12 would take some here at $16 with room to add on ANY dip at open look for a nice slow move to $17 on this call. If it pulls at open and gap fills to $15.90 would go LONG on it.
8) ******$ACOR Janney Tags a BUY rating with $38PT (28.15)
Stock gapping up +$1.35 on little volume, I would look for this to pop some at open then look for a nice gap fill back to $28.25-.35 area scale in LONG and look for a nice slow all day move to $29.50-$30+ on this call.
9) $IONS Wells Fargo says to BUY this on weakness today stands firm this sell off is overdone (41.84)
Stock gapping none, think this pops at open to $42.50-$43 then look for a nice gap fill pullback on it to $42.20 and under then watch for bottom curl, then scale in LONG on it for a nice move back thru $43+
10) $INCY Gaping on form 424B7 for 34mil shares held by Baker Bros (149.24)
Stock Gapping up +$4 this morning, I would like to see this gap fill to $148.50-$149 area then look for a nice bounce back to highs, stock has range and could move back to Pre-Market highs of $153 let it settle at bottom then go long. Risk 1pt
$NVDA Gaping up on $MBLY sell same technology area (99.12) Look for this to possibly pop at open thru $101-$102 then fade it back on it to $97.50 area or under then play the bounce, if this sells off at open to same area then go LONG on it.
$WYNN Gaping up on weekend Macua #’s (99.55) Gaping up +$2.50 I like to see gap fill to $100 and below then bottom curl it and go LONG on it. More it pulls at open better then curl to go LONG if this pops at open to $103+ scale in SHORT for a nice gap fill pullback
$SALT Credit suisse upgrades to $10 with Outperform (7.65) Gaping up .40 watch for ANY pop and gap fill pullback to $7.80 or under then scale in LONG on it for an all day slow move back to highs, If this pops huge at open to $9 area scale in SHORT for all day fader