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Pre Market Game Plan by AJ – 5/30/17

1)  $WLL  Goldman Sachs Tags a SELL rating with $7PT from $11 (7.97)
Stock gapping down -.30 I would actually take some here short and add on any pop outta of the gate and expect some downside on this stock to possibly $7 and under on a slow fade

2) $ARRY  BMY and ARRY Collaboration (8.16)
Stock gapping up +.50 so far looks like no one is interested or cares. So if this pops at all at open on short squeeze look to scale in and SHORT it all day back to $8.20-$8.25 and under on a slow fader

3) $PTGX  enters WW collaboration agreement with JNJ (8.22)
Stock gapping up +$3.50 I would consider a few short here at $11.50 room to add on any pop at open, stock is thin and I think this will try and fill the gap first or come close to it to $9 and under before we see any buyers come in, higher the pop at open better the fade, of this pulls hard at open to same area look to fade it

4) ******$BHVN   Multiple PT on this stock this morning ranging from $30 to $46 at William Blair (23.79)
Stock gapping up +1.10 I like to see a pop at open followed by a gap fill pullback on it to $24 and under then scale in LONG for an all day slow move to the upside. I like this William Blair at $46PT telling me the stock has room look to play the long side of the trade

5) ****$URGN  Multiple Price Target Increases today from $27 to $32 at Oppenheimer (18.48)
Stock gapping up +.30 if you can pick up any below $19 a share I think this has some range to $20-$21 either today or by Weds/Thursday I like the call and I like the range especially with Oppenheimer calling out $32 that has substantial upside to the stock

6) $AMBA   Pacific Crest Tags a lower rating on the company (65.05)
Stock gapping down -$4 I would actually take some long on this here at $61.25 (Typically AMBA fills their gaps before fading or moving back up) room to $60 or under at the open look for this to pop at open on short covering possibly to $63-$63.50+ then scale in SHORT and look for an all day fader on it. If this pulls hard at open to $60 and under definitely look to garb long and play the 2-3pt bounce

7) $JD  Positive Barrons Article (40.99)
Stock gapping up +$1 I would just fade this and add on any pop at open and look to gap fill this back to $41 and under, if that happens by opening I would take a few LONG and look for this to have a slow all day move back to $42+ on it

8) ******$PVH   Credit Suisse upgraded to Outperform the PT on to $136 from $114 (105.29)
Stock gapping none, I like this to pop at open to $107++ then look for some sort of decent gap fill pullback on it to $106 and under and look for a nice 2-3day move on this to $110-$112+ on this increase, anything below $106 imo is a buying opportunity

9) $BWLD  Wedbush comes out Heavy on this on  SELL rating with $115PT from $150 (151.00)  OUCH!!!!!!!!!!!
Stock gapping down -$4 I would actually look for this to fill the gap first at open to $149-$150 area then scale in SHORT for an all day fader on this, or this pulls hard at open to $143-$145 and go long for a slow all day mover back to $146-$147+ on the stock. This is one to watch on range should be fun

10) $NVDA  Gapping up on strong valuation (141.84)
Stock gapping up +$2 I would take some here SHORT at $143.50 area room to $145 at the open then look for this to pull and gap fill to $142.25 and under then look for bottom curl then go LONG on it. Lets see what we can do at the open, higher it pops better the quick snap and pullback on it before legging up

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Notable Calls:

$PRKR  reopen case with Apple and LG (2.10) gapping up .50 look for pop at open to $3 possibly or more then look to fade the topping on it all day fader to $2.15-$2.20

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