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Pre Market Game Plan by AJ – 3/23/17

1)  $SSH  highlights its progress on its growth……so Stupid (2.23)
Stock gapping up +.50 I like to see this pop at open maybe thru $3.25-$3.50+ then watch for topping and potential all day fader on it back to $2.27 or lower. Think this is truly overblown and stupid news

2) $FEYE  Goldman Tags a BUY rating from Neutral with a $15PT (11.49)
Stock gapping up +$1.00 I need this to pop and sell off to $11.85 or under then take a few LONG and look for a nice all day slow move to the upside. I like the call think the stock has room to $13-$13.50 today. So just wait for the dip.  2nd u/g in last 3-4 days

3) **************$WFM  UBS Tags a $25PT Sell rating on the stock (29.92)
Stock gapping down -.60 would take a few here at $29.30 with room to $30 at open then look for an all day bleeder to $27-$26.50 on this call and downgrade. Should be fun

4) $MLHR  Nice Earnings + a few upgrades (29.25)
Stock gapping up +$2.10  I like to see this pop a tad more at open to $31.75-$32.25 area then scale in SHORT and gap fill it to $29.75 area or under, if this pulls at open to the same area on profit taking watch for bottom curl then go long, higher this pops better the fade

5) $FIVE   Earnings Beat (38.13)
Stock gapping up +3.10 I like to see this pop a little more at open to $42-$43 watch for topping scale in SHORT and gap fill this back to $39 and under then go long, expect upgrades on this with higher PT today stock is up nice BUT needs to gap fill some so watch for the pull and fade

6) $LITE  Stifle “Reiterates” BUT they increase from $56 to $62PT (51.45)
Stock gapping up +$1.25 Watch for a nice pop at open to $52.75-$53.25 area then look to gap fill this back to $50.50 and under then scale in LONG its a nice upgrade but up way to much on thin volume, needs to come down so watch for the pull, if this pulls at open to same area then scale in LONG on it

7)  $PFPT  Goldman Sachs Tags a SELL rating with $69PT (79.20)
Stock gapping down -$2 I like the call and think this sells off today to $73-$74 BUT I need to gap fill some at the open and since this is GS they play games so watch for a quick pull then pop back to $78-$78.50+ area then scale in SHORT, if this pulls hard at open to $74-$75 go LONG and play the nice bounce on it for 1-2pts before shorting it

8) $RARE  Phase 2 Fail 5 downgrades including Citi to $56 (78.36)  Do NOT trade this unless you have patience and wide range!!!!!!!
Stock gapping down -$5 I like to see this fade, so I would take a few here at $73 room to $75-$76 at open then scale in SHORT for an all day bleeder. This IMO will sell off, but its down -$5 already so if by chance we can catch a few more at open watch for that topping I think in the end this will fade down to $65-$68 today

9) $PVH  Earnings Beat (90.85)
Stock gapping up +$8.75  I would take some here at $98.50 room to $100 on the add then look to gap fill this back to $93-$94 on the profit taking pullback, I like it BUT I think this will give back some, PVH likes to pop and flag on their earnings so if this short is going to happen its got to happen fast like $FDX yesterday. If not cut it off quick and let it run

10) $ACN  Earnings Miss (126.48)
Stock Gapping down -$5 I would take a few here at $121 LONG with room to $119 at open look for a nice short covering bounce to $123+ on it before it fades off, if this pulls hard at open to $118-$119 go LONG and play a nice 2-4point bounce on it

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Notable Calls:

$CHL  Earnings Miss (58.24) gapping down -$2 if this pops at open to $57.50+ scale in SHORT all day fade if this pulls to $54-$55 play a slow bounce back to $56.50+ close

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