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Pre Market Game Plan by AJ – 7/21/17

 

1) $ZN activity drilling raises sufficient funds to drill and test (5.21)
Stock gapping up +.30 I like to see this pop a little at open towards $5.75 area then a nice snap and fade back to $5.30 area then look to scale in LONG on bottom curl and flag then possible move to $6-$6.50 Today

2) $BCLI receives 16million Grant from California Institute (4.53) REALLY? REALLY?
Stock gapping up +.50 let the sheep chase this thinking they just got 16mil in their account when in reality a grant means the money will come “Some Day” Look for the sheep to chase at open former runner possible to $6+ area at the open watch for topping then lower lows to set in then look for an all day fader back to gap fill imo

3) *VRAY Strong sell and SA article yesterday think this gets hit today (5.60)
Stock gapping down -.60 would take a few short here at $5 if you can grab at at any at the open towards $5.40 look for topping if it comes look for this to sell off towards the $4 range or more. Just wait for it, if this pulls hard at the open to $4 and under GO long and play the .50-1pt bounce on it on the short covering

4) $CLXT New IPO from yesterday (11.25)
Stock gapping up +.50 I like to see this hit below $11 at the open if we can get lucky then look for a quick snap and push towards $12-$12.50+ today I like to see a nice move towards the upside

5) *******************$PTGX Btig Tags a BUY rating with $35PT (12.92) SWING IDEA
Stock gapping up +.50 I would actually try an grab a few LONG at $13.25-.40 area room to add on ANY pull back at the open then look for this to have a nice play on it towards $14-$15 a share. I like this PT and the upgrade to BUY should be a nice play if this pulls hard do NOT panic just add more imo Like to see this end up around $16 by next Tues/Weds

6) **********$NDRM DB Tags a BUY rating with a $47PT (31.00) SWING IDEA
Stock gapping up +1.25 like to see this do a quick pop at the open towards $32.50 and $33 area then scale in SHORT look to gap fill this back to $31 and under watch for bottom curl then slow all day move back to Pre-Market highs should be a nice solid move to $34-$35 by next Tues/Weds enjoy

7) $NCR #Earnings miss (42.98)
Stock gapping down -$2.75 wowza 2 ways to play this I like to see this pop at open on short covering to $41.75 to $42.35 area if that comes look for this to have a nice all day slow fade to $38-$39 if this pulls at open to $38-$39 area or lower go LONG and play a nice 2-3point bounce should be fun

8) $MANH Earnings Miss (47.43)
Stock gapping down -$3.43 I like to see this pop at open quick to $46+ area scale in a few SHORT watch for topping then look for this to be an all day fader on it back to $43-$44 and under, if this pulls at open hard to $42 and under scale in LONG and play a nice 2-3point bounce to the upside

9) $ALV Earnings Miss (115.89)
Stock gapping down -$7 I like to see this have a small pop towards $110+ area on short covering then lean into it short and look for a nice all day slow move to the downside towards $100 if this dumps hard at open watch that $100 area then look to go LONG on it and play a nice 3-5pt bounce to the upside

10) $ATHN Earnings Beat (143.80)
Stock Gaping up +$9 I like this to squeeze more at the open towards $154-$155 then small pullback sell off 5-8 pts then bottom curl then look to go LONG again, if this pulls at open watch the $147-$148 area then look to go long on it
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Notable Calls:

$V #Earnings Beat (98.11) Multiple upgrade this morning, I would be buying this weakness here at $98.40 level and under add on dips if they come look for a nice move towards $100+ today
$COF Earnings Beat (81.01) Gaping up +$4.5 I would scale in SHORT here at $85 level and look to short this on gap fill back to $82.50 and under then watch for bottom curl then go long on it
$SRPT I would buy some at $40.50-$41 area and look for this to have a nice move to $44-$45 today if this pulls hard at open don’t worry imo this will go higher

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