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Pre Market Game Plan by AJ – 5/10/17

1) $PRTO Announce Breakthrough Therapy (1.30)
Stock gapping up +.50 News is nice could see this pop thru +$2-$2.25 at the open then watch for a lower low to set in then look to fade the news, higher it pops better the fade on it, if this pulls at open quick to $1.50 would take a few LONG and ride it up for the day.
2) *****$FOSL Earnings Disaster (18.15)
Stock gapping down -$4 I like this to pop at open to $16-$16.50+ on short covering and some gap fill then watch for topping on it then look for an all day fader on it. If this pulls hard at open to $13.50-$14 and under scale in long on bottom curl and catch 2-3 pts to the upside. This is my favorite play
3) ****$VSI Earnings Miss (19.00)
Stock gapping down -$3.75 I actually would take a few here at $15.50 LONG add on dips to $14.50 and under give it a little range and expect a short covering gap fill to $17.50-$18+ and under if it comes quick then look to fade it. Higher this pops at open better the fade. If this yanks and pulls to that $14-$14.50 area scale in LONG on it
4) $YELP Earnings Miss (34.70)
Stock gapping down -$8.50 would grab some LONG at $26 level and play a nice pop at open on short covering to $29-$30 watch for topping then look to fade it all day, higher it pops on covering better the fade for points, if this pulls at open hard to $24-$25 go LONG and play a nice 3-4 point bounce on it. Right now I just think it short cover squeezes at open.
5) $SODA Earnings Beat (56.81)
Stock gapping up +$3 I like to tale a few short at $59.50 area then look for a nice pop at open and add to it to $61 if it comes then watch for topping should come down 2-3 points on gap fill then look for a bottom around $57.50 or under and go LONG if this pulls at open to same area then I would scale in long on it.

6) ******$ACIA Earnings Miss (48.41)
Stock gapping down -$6 2 ways to play this take a few LONG at $42.50 area add on dips to $41 use wide range and expect a nice 3-4 point short covering pop at the open, then watch for the $46+ area for topping then all day fade. IF this pulls hard at open let it flush to $40 and under then scale in LONG and play a nice 3-4 point bounce on it……should be fun

7) $INCR Earnings Beat (43.65)
Stock gapping up +$7 I like to see if this pops a little more at open thru $51 then scale in a few SHORT and give it some room to possibly $53 then look for this to gap fill back to $46-$47 or under then go LONG if this dumps and sells off at open watch for a nice gap fill to $46 and under then bottom curl it then go long…..I do think this one gives up some of the gap so watch for a nice 3-4point pull
8) $KRNT Earnings Miss (21.40)
Stock gapping down -$3 I would take a fe at $18 add on dips at the open if they come and look for a nice gap fill push to $20-$20.50 then scale in SHORT for an all day fader, this is a thin stock so very little will make it pop, if it does then watch for topping then all day fade it. If it pulls hard at open let it flush to that $17-$18 area then go LONG on it

9) $MCHP Earnings Beat (76.45)
Stock gapping up +$4 I like to see a nice pop at open to $82-$82 if it comes on a nice short squeeze then look for a nice 3-4 point pullback on it then look for bottom curl then go LONG, if this pulls at all at open to $77.50-$78.50 scale in LONG and look for an all day slow move to the upside. Should be fun
10) $NVDA Earnings Beat (102.94)
Stock Gapping +$14 I like to see this pop at open to $118-$120 area and scale in a few SHORT on a 4-6 point gap fill this should react fast at the open the watch for that pullback, I am thinking the pull should be around the $110 and under area then it will curl and start an uptrend. This is a risky trade, traders trade with caution, BUT in the end I think this does give up 5-7 points today on the downside

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Notable Calls:

$WIX Earnings Beat (74.15) Gaping up +$5 I like to see this pop a little more at open possibly thru $80-$82 then watch for topping on it then gap fill it back and short it to $76 and under then go long, if this pulls hard at open let it flush to that $76 area and under then go LONG on it.
$EA Earnings Beat (96.01) Gaping up +8 I would like to see this pop just a tad more to $106+ area if it comes then watch for topping then look for this to gap fill profit take to $98-100 on pullback then go LONG on it. If this pulls at open to same area then look for this to go long back to highs

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