Pre Market Game Plan by AJ – 3/22/17
1) ****$IDRA JMP Securities Tags a $8 BUY rating (2.09) SWING IDEA
Stock gapping up +.32 should be fun today, you know me wait for the pop and then gap fill to $2.20 and under scale in LONG look for a nice move to $3-$3.50+ on this call today
2) $PULM Gaping up on nice volume looks like a runner today (3.88)
Stock gapping up +.60 love the volume and the topping this morning, seems Chatrooms want this to play, so wait for the pop at open to $4.70+ then watch for topping then scale in SHORT gap fill it back to $4 and under then watch for bottom curl then go LONG, if this pulls at open to same area watch for bottom curl then scale in LONG
3) $FBIO JMP Securities Tags a BUY rating with $11PT (3.43) SWING IDEA
Stock gapping none. If you can get this stock at $3.50 and under would grab a few and look for a nice slow move to $4-$4.50 on this call. Stock has range but lacks the volume get some decent volume and this can make a nice move
4) $SHLD Negative report and possible BK coming (9.10)
Stock gapping down -$1.10 I would like to see this pop some and gap fill to $8.50+ before scaling in heavy SHORT I like the downside to this to $6 bucks today or by Friday so look to get in on any pop if this pulls hard at open to $7 or under play a nice .50-$1 bounce on it then catch the short on it.
5) $COE Earnings Miss (18.61)
Stock gapping down -$2 I like to see this pop some at open on short covering to $18-$18.25 then look to scale in SHORT on it for an all day fader on it, if this pulls hard at open to $15.50-$16 watch for bottom curl to set in then go LONG and close this out to $17-$17.25+
6) $DLTH Earnings Beat (19.26)
Stock gapping up +$3.10 nice beat, I like to see this pop a little more at open to $23.50-$24 area then scale in SHORT and gap fill this to $21.50-$22 on profit taking, a lot of baggies holding this for awhile been waiting, If this starts to sell off let it pull down to same area then scale in LONG for an all day slow move back to pre-market highs, just need this to set up
7) $WGO Earnings Beat (27.80)
Stock gapping up +$2.10 2 ways to play this, this pops at open to $30.50-$31 area tops off and short it back to $28.50 and under on gap fill or this pulls hard at open to same are and we nail the bottom and go LONG on it for a nice all day upside move on it
8) $NKE Earnings Miss (58.01)
Stock gapping down -$3.50 2 ways this pops at open to $56 area on short covering then look for this to sell off and fade all day long, if this pulls hard at open to $52-$53 watch for bottom curl take a few long and close it out to $55 a share on the bounce
9) $FDX Mixed Earnings (191.84)
Stock gapping up +$7.50 I like to scale in SHORT here at $198.50-$199 with room to $200-$201 on it using wide range think this gap fills back to $193-$194 area so watch for it to come back some. If this starts to sell off at open then chase a few it will sell off 3-4pts quick before bouncing back again……give it room it will come back down
10) $TDG Defenses out Company Statement out BUT concerns with a few (224.79) This one you need to be careful how to play this
Stock Gapping down, My first instinct is for this to pop at open to $225+ then scale in SHORT for a slow fader, but if this pulls hard at open to $215 area then look for this to make a nice 4-5pt move to the upside before fading back. MUST use wide range when trading this tricky stock.
$ESPR (39.05) I like the buy on weakness at $39.25 level, this should pop at open to $41-$42 then give back some hopefully back to $39.50-$40 area watch for a bottom curl then possible long again, this will be interesting how this one trades today I still feel ATM is coming
$AUPH FBR Tags an $11PT (8.69) Like I said yesterday would buy on weakness so if this pulls at open to $8.20 take a few and any more pull add some $7.60 is bottom on it. if it gets that add more then play the nice bounce on volume.
$PE Parsley Energy initiated with a Buy at Citi analyst Jeanine Wai started Parsley Energy with a Buy rating and $40 price target. (30.47) would take a few LONG at $30.50 or lower add on dips look for a nice move to $32-$33+ possibly today on it