Pre Market Game Plan by AJ – 6/16/17
1) $ADMP Looking for continuation from yesterday! (5.75)
Stock gapping up +.15 Stock hit $6.60 in Pre-Market I like to see this continue towards $7.50 or more and fill some gap. Ok to take a few long at $6 think it dips at open to $5.50 or under if it does add a few more. Personally I think it will launch outta of the gate to $6.50 on a pop then possible flag then consolidate and pullback. Need 1mil in volume to really make this fly.
2) $CLSN filed to withdrawal Form S-1 (2.05)
Stock gapping up +$2.50 I personally would love to see this dump at open and fill the gap to $2.50-$2.70 but if this pops at open and curls then $4 grab a few stock has room to $5.50-$6 then scale in SHORT for an all day slow move to the downside, higher it goes better the short.
3) $KR Goldman and JP Morgan both Downgrade the stock $24PT and lower now WFM bought out this will be worse (24.56)
Stock gapping down -$3.50 would take a few small of $KR here at $21 with room to $19 wide range think this will short cover at the open to $22-$22.50 or a tad more before before topping off then look for a nice fader on it.
4) $SFM down huge on the WFM buyout from AMZN (22.42)
Stock gapping down -$2.10 I would take a few LONG here at $20 area room to $18.50 looking for a bounce to $22-$23 at the open then watch for topping this then look to go fade this all day back to lows.
5) $CALM Goldman Tags a SELL rating with $31PT (39.10)
Stock gapping down -$1.40 I would take a few here at $37.50 with room to $39 at the open if it comes then look for this to have an all day fader on it to $33-$34 and under on this call. If this pulls at open to those areas cover then play a nice 2-3pt bounce on it.
6) $FNSR Earnings Beat (25.64)
Stock gapping up +$2 I like to see this pop at open possibly to $28+ on short squeeze then look for this to gap fill back to $26 and under $FNSR has a habit of filling their gaps on earnings so watch for profit taking on any pullback then look to go long on bottom curl. I think this will have a nice day in it. BUT we need the pop then sell off then go long to happen first.
7) $MYO This is a pump crap Trade nothing more stock is thin thats why its running (8.86)
Stock gapping up +$4 I like to see this pop a little at open then look to fade it back to $9-$9.50 at the open then watch for bottom curl on the sell off take a few stock has shown it has room to $13+ so would consider grabbing a few on any massive pullback, would not buy it up here at the moment. Wait for it to pop and sell off first
8) $BAH Fraud issues and allegations (39.33)
Stock gapping up +$6 I would like to see this pull hard at open to $31-$32 area then look for a nice bounce on it for 2-3pts before fading down. If this pops at open take a few long look for it to touch $35-$36 area then watch for topping then possible fade on it back to lows. So far BAH has not made a statement at all to defend themselves which is bad for the company
9) $ACIA gaping up on $FNSR numbers (44.46)
Stock gapping up +$1 I would like to see this gap fill to $44.75 and under at the open then look for this to have a nice all day slow move towards $46++ on this today. This should have a nice upside move today
10) $VRX upgrade at Cantor 18PT (12.12)
Stock gapping up .40 I would take a few long at $12.50 room to add on any dip at the open look for a nice slow all day move to $13-$13.50 on this call. let it set up