Pre Market Game Plan by AJ – 6/21/17
1) $AMD Multiple upgrades and PT from $17-$20 BIG HUGE Move this morning (12.64)
Stock gapping up +$1.14 I like to see this have a decent profit taking pullback on it to $13 and under then watch a nice bottom curl on it then take size and go LONG for an all day slow move to $14++ If this pops at open thru $14 look to short that for a nice gap fill pullback before we go long.
2) $CA Gaping up on potential MA talks (31.58)
Stock gapping up +$5 would try and grab some SHORT around $36 area room to $37+ at the open look to gap fill this back down to $33 and under, I like this to pop and then have a really decent pullback, Multiple u/grades this morning around $38PT so be aware
3) *****************$CYOU downgraded to Underperform at Mizuho PT $30 (39.50)
Stock gapping down -.55 would take some SHORT here at $39 room to add on ANY pop at open look for this to bleed out today slow and steady all the way to $35-$36 and under, if this pulls at open cover your short then play the bounce then go SHORT again
4) $LZB As predicted they BEAT (26.20)
Stock gapping up +$3 I would take a few SHORT here at $29.50+ area room to add at open to $31 if it comes look for a decent profit taking gap fill to $27.50 and under, I don’t think this would fill the whole gap but I definitely think a nice 2point pull would be nice on it.
5) $DCTH Continued Strentgh stock gapped all the way to .35 WOW (.22)
Stock gapping up +.12 I would prefer this to pop and have a decent sell off at open then look for that bottom curl gap fill to .25 cents area or under then go long and play it back to pre-market highs.
6) $KMX Earnings Beat (59.26)
Stock gapping up +$4 I like to see this gap fill and fade back on profit taking to $60-$61 and under at the open. I would consider taking a few SHORT at $63.50 with room to $65 at the open on short squeeze pop then look for this to have a nice gap fill profit taking sell off to $60-$61 if this pulls at open to those areas then cover and look for the LONG off a bottom curl back to HIGHS
7) $AAOI Cowan stamps their reiterate button on it with $94PT 6/20 (61.08)
Stock gapping up +.70 As I suggested yesterday to overnight and wake up to a gap up, I like to see this pop right out of the gate to $62.50-$63 then look for the standard pullback on it then gap fill back to $61 and under and go LONG, If market stays up this will rock to $65 today, If this pulls at open to $60 area look to go LONG and play a nice 2-4pt to the upside
8) $RHT Earnings Beat (89.96) Beautiful Earnings Call yesterday before the close, that they would be and we would see $100.
Stock gapping up +$10 I like to see a quick squeeze pop at open thru $100-$102 then look for this to gap fill and short it back down 3-5 pts to the downside. I like to see some decent profit taking on this, If you can stomach a little pain consider taking short a few now here at $99 area just be aware this can pop at open before coming down
9) $ADBE Earnings Beat (140.91) Multiple PT increases this morning to $160+
Stock gapping up +$6 I like to see this pop at open possibly to $148+ then lean into it short and look for a nice 3-4pt gap fill profit taking pullback on it then go long, if this pulls right at open it will be quick and fast then look for that bottom curl to go long a room to $150+
10) $WGO Earnings Beat (29.30)
Stock Gaping up +1.20 I like to see a pop at open to $31-$31.50 or more then look for a nice gap fill pullback on profit taking to $$29.60 and under not the conference call in in 30mins so watch for this to possibly sell into the call then a nice pop then slow move to the upside.
$GIGA Earnings Beat One to watch (.83) Former runner. This is gaping up .8 cents on hardly any volume I think if volume kicks in this could see $1.50+ on it, so I will be watching the open.
$MBRX “Details” the discovery of a “Potential inhibitor to treat P/Cancer (.85) Really, Really???! LOL
Stock Gaping up +.35 I like to see this pop at open then I will be eyeing the lower lows to set in and look for an all day fader back to .90 and under. I think sheep may chase this long at the open, higher it goes better the fade for us.