Updates

A leader is built by the profits of his followers

Pre Market Game Plan by AJ – 5/17/17

1)  *CETX  Company reports record month of new orders Over $21Million in April (3.15) Needs volume to really kick start it)
Stock gapping up +.35 would take a few LONG at $3.45 area add on any pull at the open and look for a bottom curl with volume, I think this could pop nicely out of the gate and run thru $4-$4.50 before giving back some. This is a nice win for CETX for a small company, I like it

2) $CBIO  Gapping up on NO news one to watch (3.79) Former runner
Stock gapping up +.21 would take a few LONG here at $3.97 add on dips risk love if this pops could pop and flag nice out of the gate, we need volume on this pick, but if we get it, should be nice play in it today

3) $CNCE  Receives notice from the FDA their CTP has been placed on clinical hold (16.05)
Stock gapping down -$2.00 I like to see this sell off today to $13 and under, so if this pulls hard at the open to that area watch the bounce on it, if this pops at all on short covering thru $14.50+ watch the topping on it and scale in SHORT for an all day fader on it

4) $BZUN  Earnings Miss (22.78)
Stock gapping down -$2.60 I like to take a few LONG here at $19.11 area room to add on any big pull at open and look for some short covering squeeze thru $21+ then look for a nice topping on it then all day fader, if this pops at all on short covering let it top off then short it, either way this will fade

5) ****XLRN  Goldman Tags a SELL rating with $20PT (30.30)
Stock gapping down -$2 2 ways this pulls more at open to $27 and under then play a nice 2 point short covering bounce then short it off the top, or this pops at open to $29.50+ then scale in SHORT for an all day bleeder on it. More it pops if it does should be fun on the short side

6) *****$CLVS  JPM Tags a Overweight on the stock and ups the price from $58 to $72PT (49.56)  SWING IDEA to $60+
Stock gapping up +$1 I would actually take a few LONG here at $50.55 add on ANY pull at open to $49.50 have a nice average think this will have a nice slow run to $55-$58 in the new coming days. Should be fun

7) $TGT  Earnings Play positive (54.53)
Stock gapping up +$5 I like to see this pop at open some to $58-$59 on short squeeze then look for a nice sell off for 2-3pts then bottom curl then go long on it, if this pulls at open to $55-$55.50 area on some gap filling would scale in LONG on it for all day slow move to the upside

8) $CHRS  Favorable IPR Ruling (22.05)
Stock gapping up +$1.80 I like to see a small pop at open if it comes thru $24.50-$25+ then followed by a nice 1-1.5 short on it on some gap fill then go long on the bottom curl, if this pulls at open and sells off to $22.25 area or lower scale in LONG for an all day slow move back to highs, this is good news for the company just need it to set up for us first

9) $RRGB  Earnings Beat/Guidance (58.00) BofA Tags a BUY rating with $80PT from $65
Stock gapping up +$8 2 ways to play this, this pops at open to $68-$69 then we scale in some short and gap fill it 3-4pts on the downside then go long, OR this pulls at open nice to $62-$63 on profit taking or lower and we start to go long and look for a nice 3-4 day play on this to $65-$67 should be fun once this settles and sets up

10) $JACK   HUGE BEAT on EARNINGS (101.89)  I like to see this pop and sell off today some on profit taking up way too much
Stock Gapping up +$10 I like to see a nice squeeze at the open to $113-$115 then look for this to top some and give back 3-6pts on some gap fill then we can go long. Market is red today so this will not go as high as expected, if this dumps and sells off at open to $105-$106 area would look to grab some LONG and play a nice 3-5pt bounce on it….wait for this to set up at the open

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Notable Calls:

$GNC  Interm CEO purchases 300k shares worth 2million (6.86)
Stock gapping up +.40 I like this would actually take some LONG here at $7.15 with room to add on any pullback, could see the stock rally to $8 today on this insider purchase and confidence in the company

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