Pre Market Game Plan by AJ – 3/7/17
1) $WFT HAL CFO appointed CEO of company (5.89)
Stock gapping up +1.10 I like to see a nice pop at open to $7.50-$8 watch for topping on it then look for lower lows to set in then possible fader on it back to $6-$6.25 or lower, if this pulls at open to same area watch for bottom curl then go LONG on it.
2) $TGTX Landeburg Tags a $30PT (10.20)
Stock gapping up +.35 Stock hit as high as $11.30 this morning, I like to see if this pulls at open to $10 and under then possible bounce to the upside, if this pops at open back thru $11-$11.50 watch for potential flag for more, lets see how this reacts at the open.
3) $MEET Earnings Beat (5.07)
Stock gapping up +$1.30 I like to see this pop a little more at open to $6.75- or more then watch for topping then look for an all day fader on it back to $5.25 or lower, typically stocks like this will pop and fade for the rest of the day on profit taking.
4) $ASNA Citi Tags a SELL rating with $3PT (4.45)
Stock gapping down .10 would take a few here SHORT at $4.45 with room to add on ANY pop watch for topping then slow all day fader to $3.50 and under today.
5) $LGIH Earnings Beat (29.01)
Stock gapping up +$2.75 I would consider taking a few here short at $31.40 with room to $32-$33+ at the open watch for topping then look for a nice gap fill profit taking on it back to $29.50 or under, if this sells off at open to same area then scale in LONG on it for an all day slow move to the upside
6) $MOMO HUGE Earnings Beat (26.61)
Stock gapping up +$3.30 I like to see shorts get squeezed at open to $30-$31+ then watch for topping on it then look to scale in some short and try and gap fill back to $27.50 or under, this will be fun to watch and play, but overall the beat was impressive so this should have some serious push today on the stock to the upside
7) $DKS Earnings Miss and Guidance (52.61)
Stock gapping down -$2 stock his as low as $48.98 so I think this sells off today so any short covers at open to $52+ at the open I would be leaning into this short for an all day fader on it, if this pulls at open let it flush to $48 and under then watch for bottom curl then scale in a few LONG for a slow move to $49-$50 close, more this sells off better the push back up.
8) $LJPC Insider buying Tang Capital increases stake in Co (33.13)
Stock gapping up +$1.10 stock hit $34.26 it has range on it so I like to see this pull at open to $33 and under then take a few long for a nice slow move to the upside, if this pops at open and pushes to $34.50-$35 scale in SHORT and fade it back to $33.50 let this set up at the open
9) $NVS Trump Negative Tweet on BIO’s (75.55)
Stock gapping down -$2 already 2 ways ANY short covering pop at open to $74.50-$75 scale in SHORT for an all day bleeder on it, if this pull harder at open look for $71-$72 as a temporary bottom on it then look for a nice 2-3pt bounce before fading it again
10) $PRGO Trump Negative Tweet on BIO’s (71.59)
Stock Gapping down -$2.50 2 ways this pops at open back thru $71 then look for a nice all day fader on it, or this pulls harder at open to $67-$68 area then scale in LONG and play a nice 2-3pt bounce on it before scaling in SHORT again
$ETRM Earnings Beat (6.43) Gaping up +$1 I like to see this pop at open to $8+ then look for some topping on it then look to gap fill back to $7 and under, if this pulls at open to same area or under $7 scale in a few and play a nice 1-2point pop on it, Lets see how it opens
$PSTG Gaping up on $NMBL sell to HPJ (9.40) Gaping up +.60 if this pops at open to $10.50-$11 would scale in SHORT on it and fade it back to $9.75 and under, if this pulls hard at open to same area then scale in LONG and play a slow all day 1 point bounce