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Pre Market Game Plan by AJ – 7/20/17

 

1) $TEUM Receives 1 million dollar order (.96)
Stock gapping up +.29 would take a few LONG at $1.25 room to $1 think this could get going to $1.50 possibly $2 before topping and an all day fade on it. Once to watch today

2) $DFFN Achieves Production Milestone for Planned Phase 3 Brain Cancer GBM (1.94) Thin stock
Stock gapping up +.65 I would like to see this pop at open towards $3 then scale in SHORT gap fill it back to $2.10-$2.15 watch for bottom curl with volume then scale in LONG on it for an all day slow move to the upside. IF this just pops and lower lows set in this will be an all day fader

3) *SHLD Sears Launches Kenmore Products on Amazon (8.68) about time they do something
Stock gapping up +$2 I like this to pop a little more at open towards $11-$11.50 on short covering squeeze, I think this could top off quick then look for that SHORT and decent profit taking pull back to $9-$9.25 I like the news but it also means that store products to be more sold on line vs the retail store itself could be bad in the end for Sears (imo)

4) $PTCT Citi Tags a BUY rating increases PT to $28 from $18 (19.43) Thank you Rafael
Stock gapping up +.27 would take some LONG here at $19.70 room to $19 pull at the open look for this to move towards $21+ today on this call. This is Citi PTCT has had a decent run but this $28PT should get it to go a little more, should be fun

5) $BVXV reports Phase 2 positive data (9.99)
Stock gapping up +$2 I like to see this pop a little at the open towards $12 area watch for topping on it then look for possible all day fade on it, if this pulls hard at open look for the $10.25 area or under flush then look to go long slow move towards $12-$12.50

6) $KMI Earnings beat, buyback and guidance (20.45)
Stock gapping up +.80 I would actually take a few LONG here at $20.40 area room to add at the open have a decent average I think this has a slow all day possible move to $22 on the stock, lets wait for it to set up any pull imo is a gift at the open

7) *****$SRPT HUGE Beat and raises guidance everyone has upgraded the stock from $45-$100 so be careful (34.08)
Stock gapping up +$6.50 I actually would like to see this hit $42-$44 at the open on a massive squeeze then watch for topping then look to scale in a few short for a quick 3-5 pts to the downside then look to go LONG on it for a nice slow all day move to the upside, if by chance this pulls at open to $36-$37 area or lower on profit taking watch for quick push and break out and this will fly

8) $PTC Earnings Miss (58.92)
Stock gapping down -$6 I like to see this actually pop at open on short covering to $55-$56 then watch for topping on it then look to scale in SHORT for all day fader, if this pulls hard at open to $50-$51 then look to go LONG on it for an all day slow gap fill back to $53-$55

9) $PLXS Earnings Beat (53.86) gapping up on NO volume +$4 its like the MM’s are showing you where it wants to go
Stock gapping up +$4 I like this to pop at open to $58-$59 scale in SHORT gap fill this quick back to $54.50 and under watch for bottom curl then look to go LONG on it for an all day slow move back to highs. Lets this set up before going long on it

10) $PII Earnings Beat (92.45)
Stock Gaping up +$4 I like to see this pop at open to $98+ area then look to gap fill this slow fade to $93.50 or under then watch for slow move to the upside back to pre-market highs. More it pops better the snap and pullback on it. If this yanks at open to same are then look to go long on it

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Notable Calls:

$CBAY Oppenheimer Tags a $15PT from $8 (7.37) would actually consider taking a few here long at $7.50 room to $7 on the pull back at the open then look for a $7.25 average then possible slow move towards $8-$8.50 on the call today

$TMUS (61.83) Gaping up+$3.25 Scale in short at $64.25 area look to gap fill to $62.50 on profit taking then look to go long on it. Should be fun

$FMSA  (3.79) Goldman Tags a sell rating with $2PT gaping down -.25  would scale in SHORT $3.50 add on any pop at open size in and look for a move to $3 and under in a day or 2 . Enjoy the ride

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