Pre Market Game Plan by AJ – 3/9/17
1) $XTLB Gaping up on No News or PR (2.27)
Stock gapping up +.50 small chat rooms and pumping rooms need a play and I think this is it, so watch for a pop thru $3-$3.25 at open then look for a nice sell-off on it, If this pulls hard on profit taking look for a nice dip to $2.40 and under look for bottom curl then go LONG on it .
2) $APRI Complete sell of Viatros International and remains on track to re-submit to FDA 3rd qtr (2.78)
Stock gapping up +.70 I actually think this will be a pop and sell off fade on it, more it pops at the open watch for lower lows to set in then look to fade it all day. If this pops small and lower lows set in quick this will just fade all day back to $2.85 and under.
3) $SHLD Earnings Beat (7.49)
Stock gapping up +$1.00 Nice Beat, Look for this to pop at open to $8.75-$9.25+ at the open then look for a nice profit taking pullback on it to $8 or under for a nice short, if this pulls hard at open to $8 or under on profit taking scale in LONG for a nice all day slow move to the upside
4) $RATE Earnings Disaster (10.95)
Stock gapping up +$1.00 2 ways to play this, This pops at open on short covering to $10.50+ then scale in SHORT for an all day fader on it back to $9.25 or under, or this pulls hard at open to $9.25 and under and we scale in LONG for a nice all day slow move to $10+ More this pulls better the long for us
5) $HZN Earnings Miss (17.02)
Stock gapping down -$3.50 2 ways to play this, this pops at open on short covering to $15.50-$16 then slow all day fader back to pre-market lows, or this pulls hard at open to $12.50-$13 or under we scale in LONG for a nice 1-1.5pt gap fill to the upside
6) $TLRD Earnings Disaster (23.37)
Stock gapping down -$6.00 stock has range, I like to see this pop at open to $18-$19 on some nice short covering, then watch for topping then slow fader all day back to lows, more it squeezes at open better the short, if this pulls at all at open to $15 and under go LONG and play a nice 2-3point bounce on it
7) $VSAR Barclays Tags a BUY rating with $28PT (20.20) This will be a slow mover today
Stock gapping none, I like it, Look to grab any at $20.30-$20.60 area go LONG for a nice slow all day move possibly to $22-$22.50 on this upgrade
8) $ELF Earnings Beat NICE BEAT and Raised Guidance (25.30)
Stock gapping up +$5.00 I like to see this pop a little more at open to $31-$32 area then scale in SHORT a few on topping then look for this to fade down to $27.50-$28 level then scale in long, If this pulls at open to $27.50 area or under watch for bottom curl then go long
9) $ITRI JPM Securities Tags a BUY rating with $75PT (58.70)
Stock gapping up +$1.00 Watch for quick pop at open to $60.50-$61 area then look for a nice gap fill pullback on it to $59 an under would scale in a few LONG look for an all day slow move to the upside back thru $60-$61+
10) $BIIB UBS Tags a SELL rating with $260PT (294.09)
Stock Gapping down -$4.00 I like to see this pull at open to $285 area or under then play a nice 3-5pt bounce then all day fader on it, if this pops at open to $292+ area I would scale in SHORT for an all day fader on it.
$VNET Earnings Miss (7.05)Any pop at open on short covering to $6.90-$7+ scale in short for an all day slow bleeder to $6 and under, if this sells off and pulls at open look for this $5.50-$5.75 bottom and short will cover and bounce it .50+++
$****OTIC Piper says this remains their top pick with a $32PT (13.40) Watch for pop at open to $14 and under wait for the gap fill pullback then scale in a few LONG on it for a nice all day slow move to the upside, if this pulls at open to $13.40 and under go LONG on it