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Pre Market Game Plan by AJ – 5/15/17

1)  ****$IDXG   Blowout Earnings (2.39)
Stock gapping up +.70  This needs volume but I would look for a decent pop out of the gate then look for a nice pullback gap fill watch for bottom curl, once we hit and if we hit over 1-1.5mil in volume I think this has a nice day in it. If it pops and lower lows set in then it will be an all day fader

2) $SORL  Earnings Beat (4.54) Thin Stock won’t take much to move this
Stock gapping up +$1.10 I like to see a pop at open thru $6.50-$7 then look for topping to set in lower lows and then gap fill this and fade it back to $4.80 and under if this pulls at open to same area then look to go long on bottom curl, lets see how this opens

3) *****$SSYS   William Blair downgrades to Underperform (29.96)
Stock gapping down -$1.25 I like to see this pull a little more at open to $28.50 and under then watch for shorts to come in an cover real fast and squeeze this back to $29.40+ then watch for topping on it then look to short it for an all day fader on it

4) ****$TRVG  Earnings Beat (17.83)
Stock gapping up +3 I like to see this pop at open to $21-$22 area then look to scale in some short and fade this back to $18.50 and under on profit taking. If this pulls at open on profit taking then look for that quick $18.50-$19 then bottom curl it and go LONG for all day slow move back thru Pre-Market highs….this should be fun today

5) $FEYE  Gaping up on Cyber Attacks this weekend (14.79)
Stock gapping up +.75 I like to see this pop at open to $16+ then look to scale in SHORT gap fill it back on profit taking to $15 and under then look to take a few long, I think weight get some mid afternoon upgrades on this so definitely look to continue this long idea

6) ****$SYMC  Gaping up on Cyber attacks (31.01)
Stock gapping up +$1.50 I like to see this gap fill I would consider taking a few here at $31.50 with room to $32.50+ at the open then look to short this and fill the gap back to $31.25 and under higher it goes better then short, if this pulls at open fast then cover then look for bottom curl and go long on it

7) $FTNT  Gaping up on Cyber attacks (39.12)
Stock gapping up +$1.20 I would take a few here SHORT at $40.30 with room to add at the open look for this to gap fill back to $39.35 and under then scale in LONG for an all day slow move back to highs. FTNT always fills their gaps before a decent big move

8) $CYBR  Earnings Miss last week BIG…this week Cyber attack to get it back up…LOL (48.29)
Stock gapping up +$2 I like to SHORT this here as a starter at $50.30 area with room to $51+ at the open then look for this to gap fill pull to $48.65 and under then scale in LONG for a nice all day slow move back to highs..IMO higher this pops at the open better the short for us

9) $ALNY  up on $IONS miss (56.77)
Stock gapping up +$8 I like to see a small pop at open would even consider scaling in a starter SHORT here at $65 with room to $68 at the open and look for a nice gap fill sell off to $58-$59 at the open then look for bottom curl then go long. I think this gap gets fills quickly then possible run to the upside on it. Lets see how it sets up at open

10) $PANW  up on Cyber attacks (116.46)
Stock Gapping up +$5 I would take a few here SHORT at $121.30 area with room to $123 pop at open get a nice average then look for topping and look to gap fill this back to $117.50 and under then scale in long on bottom curl, if this pulls at open to same area then look to go long on it

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Notable Calls:

$GWRE  BofA upgrades this to Neutral raises PT from $58 to $68 (61.00) gaping up +.55 should pop at open thru $62.50+ then look for a gap fill pullback to $61 and under then go long for an all day slow move towards $64

$IONS  Phase 3 neg data (47.08) gaping down -$4.50 I like to see this small pop at open following by a nice all day bleeder on it, higher it pops at open watch for topping then look for this to bleed out. I would like to see this pull to $39-$40 then scale in LONG and bounce it if we get that

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