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Pre Market Game Plan by AJ – 7/25/17

1) ************$RETA Citibank Tags a BUY rating and ups the price from $39 to $87 (35.47) SWING IDEA 

Stock gapping up +$2.75 on no volume (great for us) I would wait actually short this $38 level room to $40 at the open then wait for the gap fill pullback on it to $36.50 and under and begin scaling in LONG for a SWING idea should be an amazing play. See $42-$45 by Friday or sooner.

2) $GNCA Another solid day in this. Told you this would be fun (5.83)
Stock gapping up +.80 I like to see as solid pullback on this to $6 and under then scale in LONG and look for a nice slow all day move back to $6.68 to $7.25+ today

3) $TNTR Multiple Upgrades today, but I like the BofA to $16PT stands out the most (6.95)
Stock gapping up +.50 I like to see this small pop at open possibly to $7.80+ then look for a nice SHORT and gap fill pullback to $7.05 and under then scale in LONG for an all day slow move to the upside. Should be fun. Looking for $8+ on this
4) $BKS Investor Sandall confirms acquiring stake in the company says its worth $12 a share (7.10)
Stock gapping up +1.00 I like to see this pop at open to $8.50+ then scale in SHORT for a nice gap fill pullback on it then bottom curl for a nice slow move back to highs after the gap fill sell off. If this yanks or pulls at open to $7.25 or under then I would scale in long for an all day slow move to the upside

5) $STX Earnings Disaster Missed HUGE!!!! (39.76)
Stock gapping down -$8.40 this is just a mess, 2 ways to play this, this drops like a hammer at open below $30 then scale in LONG and play a nice 2-3pt bounce on it, or this begins to pop up a little then chase a few take it to $34-$35 before it tops off and begins to slow fade all day long.

6) $LOGI Earnings Miss (40.75)
Stock gapping down -$2.65 I think this will actually have a small pop at open then scale in SHORT and we will have an all day fader on it towards $36-$37 will be slow but worth playing, if this pops at all at the open to $39.50+ on short covering watch for topping then scale in SHORT for an all day fader on it

7) $PCRX Earnings Miss (48.70)
Stock gapping down -$4.10 2 ways to play this, this could pull at open more to $42 level and under then we scale in LONG for an all day slow move back to $44-$45 or this pops at open to $46.50-$47.50 then we scale in short for an all day fade back to lows. Let it set up at the open then we will scale in and nail this. Should be fun, stock has range

8) $EDU Earnings Miss (80.49)
Stock gapping down -$3.50 2 ways if this pulls again at open to $75-$76 level scale in LONG and play a nice 2-3pt bounce n it, if this pops at open and short covers to $79-$80 would scale in SHORT for an all day slow fader on it.

9) $WDC Earnings Miss (94.62)
Stock gapping down -$4 I would actually take a few LONG at $90 area and add on dips think this can make a nice move back to $92-$93 before scaling in SHORT for a nice all day fader on it, if this pulls hard at open and hits below $89-$90 area watch for bottom curl then look to go long on it. Should be fun

10) $CAT Earnings Blow-out (108.18)
Stock Gaping up +$5 I like to see this pop a little more at open possible squeeze it to $115-$116 then look for some gap fill sell-off to $110-$111 and under then go LONG for an all day slow move back to highs, if this pulls at open to $110-$11 look to go long after the profit taking is done, should be fun on range today.

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Notable Calls:

$DCIX Incredible beat on EPS miss on revs (.51) Gaping up +.23 I would actually take a few here at .70 think this pops at open possibly to $1.00 then look for a nice gap fill pullback on it then look for a nice bottom curl then long, this could go to $1.50 with serious volume and if most chats get on it. The EPS was incredible
$PCAR Earnings Beat (69.14) Gaping up +$2.40 I like this to do a quick pop at open possibly to $73 area then look to scale in SHORT and gap fill this back to $70.50 and under then look to go long on it, if this pulls at open to $69.50-$70 scale in long for an all day slow move to the upside

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