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Pre Market Game Plan by AJ – 4/17/17

1)  $HTGM  enters master service agreement with Sankyo (5.81) Most stupidest PR I have ever seen “Former runner”
Stock gapping up +1.75 I like to see this pop thru $8-$8.50+ at the open then look for lower lows to set in then possible all day fader on it, if this pulls hard at open look for a $6.20 area for bottom then possible curl up and all day slow move to the upside

2) $CBLI  EMA has accepted its pediatric plan FDA gives consent (1.56) Former runner
Stock gapping up +.60 I like to see this pop at open to $2.50-$3 area then watch for lower lows to set in then possible fader on it if this pulls and sells off at open to $1.70 and under, then look for bottom curl then scale in LONG for a nice all day move to the upside

3) $NVCR  Says drug shows better survival rate for cancer patients (10.45)
Stock gapping up +.70 I like to see this pop a little more at open to $11.50-$12 before fading back on the news for gap fill, if this pulls at open on gap fill to $10.60 area or under scale in LONG all day move to the upside (Big news but trading this so be careful on the gap up)

4) $AKTX  Chardan up PT to $6.50 from $5.00 (16.02)  Not on a lot of Traders radar this morning
Stock gapping down -$1.50 I like to see this pop at open to $15.50+ then look to scale in SHORT for an all day fader on it to $12-$13 I would even consider taking a few now at $15 add on pops. If this dumps at open hard to $13 area or lower play then 2pt bounce the short it. Think this gets hurt on this PT

5) *$QUOT  BofA Tags a BUY rating (10.15) Maintains $13PT
Stock gapping up +.45 I like the call, would actually take a few LONG here at $10.45 with room to add, this has the potential to move to $12+ on this upgrade but would truly like the PT to consider with size

6) ******LNCE  Earnings Miss (39.92)
Stock gapping down -$5 2 ways to go, this pops at open chase a few to $37-$37.50+ area for a small gap fill on short covering then scale in SHORT for an all day fader or this pulls at open to $32 and under and we go long and play a nice 2-3pt gap fill bounce on it

7) $ALR   ABT agrees to dismiss lawsuits (42.31)
Stock gapping up +$7 2 ways I actually would like this to sell off at open slowly to $44-$45 so look for it fade on this gap up, if this pulls hard at open to same area play a nice 2-3pt bounce to the upside

8) $PATK  Bof A Tags a BUY rating with $80PT (60.20)
Stock gapping up none, watch for quick pop thru $61-$61.50 at the open then look for this to go fill back to $60.50 or under then scale in LONG for an all day slow move to the upside. If this pulls at open to $60.20 or under go LONG on it. Stock has room for 4-6pts on this call

9) **$LLY  receives  FDA letter (85.88) This should just gap fill analyst are all saying buy the weakness
Stock gapping down -$4.25 I would buy on any weakness on this pullback this morning so if this pulls hard at open at all to $80 and under scale in LONG for a nice all day slow move to the upside. If this pops at open would chase a few to $84+ area before seeing it give back any

10) $INCY  receives letter from FDA (140.84)
Stock Gapping down -$15 I would look for ANY pull at open to $120-$122 area and look to scale in LONG on it for a nice 3-6pt gap fill more it pulls at open better the bounce, if this pops at all at open chase a few and take it to $130+ before this begins to refade

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Notable Calls:

$OMED  FAIL again (4.84) down -$1.2 if this pops at all at open to $4.25+ watch for topping on it then all day fader on it, if this pulls at open more to $3 or under scale in LONG and play the bounce on it

$EXAS  Leernik Tags a $30 Buy rating (23.27.) Just wait for the $23.50 or under gap fill then scale in a few LONG on it for move to $24.50-$25+

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