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Pre Market Game Plan by AJ – 6/7/17

1)  $DRWI  awarded contract with SmartSky Networks (.64)  Former Runner
Stock gapping up +.40 Thru $1 already. I like the news on this former runner. I would like to see this pop and pull at open with decent volume if we get the volume were looking for (I will be watching) this could have a nice run it, if not..it will be lower low to set in and we get a nice all day fader

2) $CVNA Earnings Beat (9.53)  PT upgrade at Baird $15PT
Stock gapping up $1 I like to see a pop at open towards $11-$11.50 then look for a nice gap fill pullback short on it to $10-$10.25 and under on profit taking then we go LONG on bottom curl. This should be fun and give us range today so look for the pop and pullback and bottom curl

3) $CALA  Fast Track Designation (15.40)
Stock gapping up +$1.00 I like to see this POP at open if we can back thru $17 watch for topping think this ends up just fading all day on the news, if this sells off and dumps at open to $15.60 and under would take a few LONG for a slow move back thru $16-$16.50

4) $DLTH  Earnings Miss (20.57)
Stock gapping down -$2.57 I would take a few LONG here at $18 with room to $16.50 at the open, think this gap fills to $19-$19.50 and tops off before the all day bleeder so watch for it. If this pulls hard at open to $16.50 and under expect a nice gap fill with size back to $17-$18+

5) $NAV  Earnings Miss (29.93)
Stock gapping up +.60 Conference Call going on. I would actually scale in a few SHORT here at $30.40 area room to $31+ to add at open, this was actually gaping down to $27. I think once the call is finished look for this to make a nice sell off back to $27.50-$28

6) $KEYS  Earnings Beat (40.25)
Stock gapping up +$2 .50 I would like this to pop a little more at open possibly to $43.50-$44 scale in SHORT on the topping gap fill this back to $40.75 and under on profit taking then look for bottom curl then go long for all day slow move back to highs, if this pulls at open to same area scale in LONG back to $42-$43

7) $AMBA  Earnings Miss (59.72)
Stock gapping down -$2.50 2 ways to play this, this pops a little more at open to $58.50-$59 then scale in SHORT for an all day fader on it, or this pulls hard at open to $55 and under and we play a nice bounce on it

8) $PLAY  Earnings Mixed (70.17)
Stock gapping down -$2 I would buy on any weakness or pull at open, seeing a lot of upgrades and raised PT’s on this stock as high as $85 a share. I think this will actually move up today back thru $70 so any pull at open to $67 or under would just add on any drop if ti comes so watch for it. I think investors will be picking this up today on any weakness

9) $ALOG  Earnings Miss (74.60)  NO VOLUME
Stock gapping down -$7 I would like to see this actually pop at open and gap fill to $72-$73+ area then look to have an all day short in it to lows. If this dumps at open and opens at $67 and under go LONG and play a nice 2-4pt bounce should be fun, lets see how it opens

10) $BLUE  Mutiple upgrades today from Janney and a few others all the up to $125PT (98.20)
Stock gapping up +$2.50 I would prefer a small pop at open followed by a gap fill to $99 and under if it comes and look for an all day slow move to $105+ on this today  buy on any weakness imo

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Notable Calls:

$PTCT  Citi comments out $59 upside $8 downside (14.31) would buy a few here at $14.47 and add on any dip at open look for this to possibly have a slow all day move to $15.75-$16.25  should be fun

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