Pre Market Game Plan by AJ – 3/6/17
1) $TGTX Phase 3 positive results (5.35)
Stock gapping up +4.00 I like the news, with Phase 3 watch for a pop at open possibly thru $10-$11 this should get nice volume on it as well, probably a long over due ATM offering this week as well. So I will be watching for pop and flag for a little run/room, if this pops and lower lows set in then it will fade back on profit taking to $7 and under, if this pulls at open to that same area look for bottom curl
2) $NOVN intends to proceed with SB204 (6.39)
Stock gapping up +60 I like to see this pop at open to $7.50-$8 or under then watch for topping then look to short this for an all day fader, news like this tends to sell off on any pop, if this pulls hard at open to $6.50 flush then scale in LONG on it.
3) $SPU former runner enters agreement with China Aigo (5.03) PIOTR Alert
Stock gapping up on small volume, +$1.35 this is a former runner and runs on the littlest news, so watch for a pop and run thru $7 at open hopefully with volume then stock should fade off, don’t be surprise if this goes crazy at open to $7-$8 or more before it begins to sell off like normal.
4) $PTCT is granted a new PDUFA date 10/2017
Stock gapping up +$2.00 I like to see this pop at open on short squeeze then look for a nice topping on it then sell it off on Profit taking to $10.10.10 or under then scale in LONG on it for an all day slow move to the upside. More this pops at open better then fade, I would actually be taking some LONG on this $10 dip and add if it pulls under, think this could have a nice solid move to the upside today
5) $CNCE sells CTP-656 to $VRTX (9.65)
Stock gapping up +$3.35 I like to see this pop a little more at open to possible $13.50-$14 then watch for topping and look for a nice all day slow fade to $11 and under. More it pops better the fade, if this pulls and sells off at open to $11 and under go LONG on bottom curl
6) $AFI Earnings Miss (21.95)
Stock gapping down -$2.70 2 ways to watch this play out, watch for quick short covering pop at open to $20.50-$21 then scale in SHORT for an all day slow fader to $18 or if this pulls hard at open to $18 or less go LONG and run it to $20 close. This should be fun today stock has range.
7) ***$RRC Positive article of Barrons (27.34)
Stock gapping up +$1.50 I would scale in SHORT here at $28.70 area room to $30 then look for a nice gap fill sell off on profit taking to $27.60 and under then go LONG on it, more it pops at open better the fade, if this pulls at open and sells off to $27.50 I would scale in LONG for an all day slow move back to $29+
8) $POLA Nice Earnings BIG profits and numbers (8.73)
Stock gapping up +$2.50 I like the beat, look for a nice pop on this to $12-$12.50 then look for a nice profit taking pullback on it, back to $10 and under, watch for this to top off and lower lows set in and then look for a nice fader on it.
9) $NFLX UBS Tags a Buy rating with $175PT (139.14)
Stock gapping up +$2.40 I like to see this pop at open to $142-$143 then watch for a nice profit taking pullback gap fill to $139.50 or under then go LONG if this pulls at open to same area go LONG for an all day move to the upside
10) $AA Goldman Tags a BUY rating with $52PT vs $34 (36.38)
Stock Gapping up +$.90 I would look to buy this on any pullback at open to $36-$36.50 then look for a nice all day slow move to $38+
$NVDA Stock gaping down (98.43) down -$1.40 any pull at open to and under go LONG and play the short covering pop back thru $98 if this pops at open thru $98-$98.50+ area scale in short for another day of sell off on this stock