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Pre Market Game Plan by AJ – 5/23/17

1)  ********$HMNY   Facial Technology Global Licensing  (2.45)
Stock gapping up +$2.50 I like this to squeeze a little more at the open possibly to $5.50 then look for some topping then some profit taking to $3.50 and under then watch bottom curl then go long, this is all about the set up at this point, I would prefer a nice sell off then eye the bottom curl on it

2) ***********$ETRM   Gaping up acquired the Gastric Vest System (4.59)  Former runner
Stock gapping up +$1.50 I like to see this squeeze at open and catch short off to $7-$7.50 then watch for a decent pullback on it to $5.25-$5.50 area watch for bottom curl if it pulls with volume then go long. If this sells off to same area at the open look for this to bottom curl and be in play to the long side

3) $TGTX  announce that Phase 3 trial successfully completed (11.45)
Stock gapping up +$1.10 I like to see this actually have a small pop at open then look for this to be an all day fader on it, I think the news is mute and just any pop above $12.50-$13 area imo is a short and will gap fill back to $11.60 or under

4) $DSW  Earnings Beat (17.65)
Stock gapping up +.70 Not a lot here to grab on to but would consider taking a few LONG at $17.85 area add on dips and look for a possible move to $18.75-$19.25 for an all day slow move to the upside, I think any sell off at the open will give us some range to play

5) *******$WING  added to conviction BUY list $36PT (29.65)
Stock gapping up +$1.30 I like to pop this at open to $31-$31.50 then scale in SHORT and gap fill it back to $30 an under then scale in LONG for a nice slow all day move to $32, if this sells off at open to $30 and under and gaps fills after initial pop I would nail it LONG for same move to $32+

6) $TTWO  Earnings Beat (69.04)
Stock gapping up +$3 I like to see this pop a little more at open on short squeeze to $74-$75 area if it comes, watch for topping then scale in SHORT gap fill it back 2-4 pts then watch for bottom curl then go long all day to the upside. IF this yanks and pulls at the open to $66-$68 then go LONG on it for an all day slow move back to highs. (keep in mind this was down to $63 2hrs ago)

7) $MOMO  Earnings Beat  (42.83)
Stock gapping up +$2.50 I like to see this sell off a little at open to $43.25 area or under then scale in LONG for a nice slow all day move to the upside. If this pops on short squeeze to $46-$46.50 watch for topping on it then look to scale in SHORT and gap fill it to the $43.25-$43.50 area then go long, lets wait for this to show us at the open

8) $A  Earnings Beat (56.08)
Stock gapping up +$3.00 I like to see this squeeze a little more at open to $60-$61 if it comes scale in SHORT for a nice gap fill pull to $57.50 or under then scale in LONG for an all day slow move to the upside. If this sells off at the open to $57 and under scale in LONG off the bottom should be  a nice play on it

9) $ALXN  CFO to resign also additional shake-up (115.42)
Stock gapping down -$8 I like to see this actually pop at the open to $112-$113+ then possible fade off, if this pulls hard at open I would be taking some long on any pull to $105-$107 area and nail it to the long side 4-5points

10) $ORLY  Gapping down on AZO Numbers (248.46)
Stock gapping down -$8 I would take a few long around $240 area look for a pop at open on some gap fill to $245-$247 watch for topping on it then look to all day fade back to $238-$240. Stock has range trades thin let it set up

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Notable Calls:

$XLNX   Downgrades at Wells Fargo $66PT (67.52) Stock gapping down -$3 Any pop at open on short covering to $65.50-$66 area look for this to SHORT for an all day slow move to the downside, if this pulls hard at open to $62-$63 bounce it then go long on it

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