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Pre Market Game Plan by AJ – 6/23/17

1) $AVEO positive European opinion from EUSA (.72)
Stock gapping up +.45 I like the news on this, volume is nice already over 1.6mil I like to see this pop a little more at open on sheep chasing possibly to $1.40-$1.50 then watch the pullback to .90 and under bottom curl it then go long will need to see this set up the way I want but with this PR it could get really going today
2) $BBRY Earnings Miss (11.06)
Stock gapping down -$1 2 ways to play this, this pulls hard at open to $9.50 and under on a quick dump then scale in LONG for a quick .50-.75 cent pop then look to fade it back, if this pops at open look for a $10.50-$10.80 topping on it then scale in SHORT for an all day fader on it.
3) $SNCR possible Take over Chatter with $18PT (12.18)
Stock gapping up +$4 I would like to see this actually sell off this news, but before scaling in, I would like to see any initial pop at open then watch for lower lows to set in, if that happens, then I will short this back to $14-$15 I’m not convinced yet that this is truly in play, However I won’t lean into it short unless I get that confirmation and break to $16 and lower

4) $CARA granted Breakthrough designation (19.88)
Stock gapping up +$4 I would like take a few SHORT here at $23.75 area room to pop at open look for $25 topping I think this will end up selling off and filling some gap to $21 and under, so watch for this to play out and set up for an slow fade.
5) $BBBY Earnings Miss (33.74)
Stock gapping down -$3 2 ways to play this now that it has gapped to $30 a share, we get a decent pull and sell off at open to $29 area or under then we play a nice 2pt bounce on it, or this pops and short covers at the open to $31.50-$32 and fills some gap then we lean into it short for an all day fader. I like to see it dump at open and play the bounce myself for quick money
6) $FINL Mixed Earnings (12.73)
Stock gapping up +.10 I like to see this actually small pop at open followed by a decent slow all day fader to $12 and under, if this sells off and dumps at open to $11.50 area look to play a nice .50-.80 cent bounce before fading back off again
7) $RH DB Tags a BUY rating with a $66 PT (56.65)
Stock gapping up +$1.25 I like to see small pop at open to $59+ scale in SHORT gap fill this nice to $56.50 and under if it comes then look for this to bottom out and curl then slow move back to highs. If this sells off and dumps then look for that bottom curl then slow all day move towards $60 area
8) $NUE Gaping up on u/g on AKS and X with DB (56.70)
Stock gapping up +$1.10 I would actually lean into this short now here at $58 room to add at the open at $59 if it comes then look to gap fill this back to $57 and under for quick bucks then scale in LONG for a slow all day move back to highs. NUE tends to fill their gaps before legging up so this should be fun
9) $CAT DB downgrades to Neutral and cuts PT to $106 from $121 (103.84)
Stock gapping down -$1 I would actually take some short here at $102.70 add on any pop at open on some gap fill to $103.50 use wide range and look for this to have an all day slow move to $100-$101
10) $BLUE Iterim Data mixed (118.50)
Stock Gaping down -$9 I like to see this actually pop a little at open on short covering to $114+ then look to fade this back all day into Monday, or this pulls hard at open to $106 and under and play a nice 4-5pt bounce on it. Stock has range and should be fun

 

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