Pre Market Game Plan by AJ – 5/1/17
1) $OCN Popping on Comments NRZ will pay 425mil for some MSR (2.29)
Stock gapping up +.75 this is up big, so watch for a pop at open to $3.25+ area possibly then eye for a nice gap fill pullback to $2.70 area and under then bottom curl then go long for slow fade higher. Let this set-up at the open, if this pulls at open to same are then scale in LONG on the curl.
2) $ITCI Negative FDA PR on their study ITI (13.82)
Stock gapping down -$6.25 2 ways this pulls a little harder towards $5 area then scale in a few long and play a nice 2-3pt bounce on it, if this curls and goes to $8.50+ at open would take a few LONG and play this to possibly $9.50-$10 before topping off. Lets see how it reacts at the open, I think it will pop and move on short covering to the upside
3) $NTRP Really sad on this, Up/down/Up down today Destroyed LONGS Failed Phase 2 Study (18.81)
Stock gapping down -$9 50% Haircut 2 ways this pops at open chase a few to $13.40-$14.50 then it should top off then look to fade it, if this pulls at open to $7.50-$8 then look to play a nice 2-3pt bounce on it.
4) $ARLP Earning Beat (21.25)
Stock gapping up +$3 I like to see this pop a little more at the open then look for a topping then a nice slow sell off into the conference call at 8pm PST then look for it to bounce back up from their.
5) $HESM Multiple upgrades this morning from $27 to GS $32 (25.58)
Stock gapping up +.40 I would try and take some LONG at $25.96 with room to pull down at open to $25.50 or lower then look for a nice all day slow move to $27+ on this call. Note the stock opened up at $26.73 then with small volume came back
6) $FSLR another upgrade this time from CS with $31PT I think this is just the beginning (29.55)
Stock gapping up +.80 I like to see small pop followed by a decent pullback at the open to $29 area or lower then bottom curl then go LONG for an all day slow move to the upside on it. More it pulls better the long for it, any huge pop at open short it
7) $GRVY Earnings Beat (18.16)
Stock gapping up +$2.00 on no volume so wait for the pop at open then look for the gap fill pull to $18.25 and under when it comes look for this to curl then all day slow move to the upside on it back to pre-market highs to $20+
8) $ASPS Moving on $OCN NEWS (22.09) Remember stock was $45 last week Traders stock has room
Stock gapping up +$2 I like to see this actually break out at open if it does and look for a push to $26+ at the open I think this caught shorts off guard an they may scramble to get out creating a squeeze, however if this pops small at open and lower lows set in then look for this to fade back all day slowly back to $22.50 area Lets see how this opens but one to watch with range
9) *********$ATHN UBS Reiterates BUY rating but cuts to $123PT (98.01)
Stock gapping none, I like this to have small pop and small pull then go LONG for possible move to $102-$104 today to the upside, if this pulls at open hard I would grab a few long and play a nice 2-5pt bounce I think this gets above $100+ today and stays their
10) $ADSK Morgan Stanley tags a BUY rating with $115 PT (90.07)
Stock Gapping up +$1.13 should pop at open to $92.50-$93 then look for the gap fill pullback at the open then look for botom curl around $90 and under and go long, if this pulls hard at open bottom curl it and go long
$RDUS Earnings Beat (39.07) Gaping up +.90 I like to see this actually pop at open here off of $39.50 and push thru $41 at the open then small pullback then let it gap fill to $40 and under then go long. If this pulls at open to $38.50 area at all grab a few long on it