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A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 3/17/17

1)  *$ABUS  licenses to ALXN (2.85) Thin stock)
Stock gapping up +.50 I like the news and the gap up. If it dips to $3.10 or under grab a few wait for the pop at open to $3.50-$4 area then eye a decent gap fill pullback, stock needs volume if it comes below $3.10 again at open look for bottom curl then go LONG

2) $CLBS  sells stake in PCT for 75mil (5.10)
Stock gapping up +$2.80  I like this to pop a little more at open to $8-$8.50, if it comes then look for a nice slow fader back to $5.75 and under, if it pulls at open chase a few should fill some gap, higher it goes or pops at open better the fade for us. Should be fun

3) ********$LBIO  Wells Fargo Tags a buy rating with $16-$19PT (7.45)  SWING IDEA
Stock gapping up +.20 would grab any of this at open below $8 and add on dips, this should have a nice day in it with decent volume looking for $10+ on this hopefully by Weds would like to see this hit just under $9 today if we can

4) ****$SEAS   Citi Tags a SELL rating with $15PT (18.88)
Stock gapping down -.30 would try an get any SHORT at $18.50+ area and look for a nice all day fader on it to $17 and under if this pulls at open to $17 and under then look for a nice 1pt bounce before scale in SHORT again

5) $STLD  Earnings Positive (35.48)
Stock gapping up +$2 I like to see a pop at open if it comes to $38+ then watch for topping, then look for this to gap fill back to $36 and under then take a few LONG, if this pulls at open to $35.70 area grab a few LONG for a nice slow all day move back to highs

6) $GIMO  JPM Tags a BUY rating with $45PT (35.80)
Stock gapping up +$1.50 I like to see this pop at open a little more then look for topping then scale in SHORT on it to $36.20 and under then watch for bottom curl then scale in LONG needs to fill some gap first then we can nail it long. More it pops better the short for us

7)  $MDCO   getting hit hard on AMGN Data (51.88)
Stock gapping down -$12 big hit ,would look for that $39-$41 use wide range and look for a nice bounce on it to close out to $45-$46 more it pulls watch for shorts to cover on this AMGN news, remember   ESPR  MDCO might be related doesn’t mean their AMGN

8) $AVXS  Earnings Beat and upgrades and Positive Data (72.78)
Stock gapping up +$7 I like this would like to see a pop thru $81-$83 then look for this to fade some at open to $75 and under on some profit taking gap fill then watch for bottom then scale in LONG for an all day slow move back to highs, if this pulls to same area at open then scale in LONG on it

9) $ADBE  Earnings Beat (122.35)
Stock gapping up +$6, would look for this to pop at open to $130+ then look for some profit taking gap fill to $124 and under, if this pulls at open to $124 and under watch for bottom then scale in LONG for a nice slow move back to highs.  Higher it pops better the short

10) $AMGN   Getting hit on negative data  (180.11)
Stock Gapping up +$14 I will be eyeing a nice bounce on this so wait for a pull if it comes at open to $163-$165 use wide range then look for this to come back some at open to $170+  use wide range

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