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Pre Market Game Plan by AJ – 7/26/17

 

1) $ETRM enters collaboration agreement with Galvani Bioelectrics (4.35) Former Runner
Stock gapping up +.80 I like to see this pop more at the open thru $6+ if we get it then look for topping then gap fill it on the short side back to $4.50 and under, if this pulls at open to $4.50 and under on a quick pull then look for a nice slow move rebound to the upside
2) $DVAX Release Briefing docs Negative shows possible 1 death (9.90)
Stock gapping down -$1.45 I like to see this pull at open hard if we get a $7.50 or under that would be great then play for a nice 1pt bounce or more, the more it pulls the better the bounce for us, if this pops at all at open on short covering look for a move to $10-$11.50 you may have to chase a few if this happens.
3) $TTPH Top Line results Stifel $15PT this morning (6.90)
Stock gapping up +1.50 I like to see this do a small pop at open if it does look for a move thru $9+ at open then watch for some topping on it then fade it back on possible slow move to the downside if Lower lows set in this will fade nicely, if this sells off at open look for a flush to $7.30 area or under then go LONG on it for a nice slow move back to the upside

4) $AMED Earnings Miss (59.41)
Stock gapping down -$11 I would take a few here LONG at $59-$50 level room to add on any pullback at the open if it comes and look for a nice 4-5point bounce on it, if this pulls hard at open to $46-$47 level play the bounce, either way I think this bounces nicely

5) $USNA Earnings Miss (64.75)
Stock gapping down -$10 I would take a few long here at $54-$55 level room to add on any pull at the open to $52 if it comes then look for a nice 3-5point bounce on it on short covering, more this pulls at open better the gap fill in points for us, if this pops at open then sell into it, looking for $60 an under on the pop

6) $DISH Citi Tags a Sell Rating with $52PT from $94 OUCH!!!!! (64.44)
Stock gapping down -$2 I would try and get any of this at $63 and if this pops at all at open look to add all the way up to $64 then look for an all day fader on it, if this pulls hard at open to $59 level or lower play a nice 3-4pt bounce one to watch for sure

7) $IRBT Earnings Beat HUGE!!!! (87.90)
Stock gapping up +$14 WOW!!! I would look for a small squeeze at open to $104+ if it comes then look for this to top off then short it and gap fill it back to $95 and under if this dumps at open to $$95 an under on profit taking look for this to have a nice bounce and solid move to the upside.

8) $AKAM Earnings Miss (53.28)
Stock gapping down -$3.50 I like to see this pop at open on short covering to $52+ then lean into it short for a nice all day fader, if this pulls at open to $48-$49 level or under scale in LONG should have a nice move in it back to some gap fill more it pulls better the gap fill for us

9) $UHS Earnings Miss (122.50)
Stock gapping down -$11 I like to see this actually pop some at open towards $116-$118 then look to lean into it short and fade it, if this pulls at open hard to $110 and under wait for it to set up then nail the LONG side for 4-5 pts

10) $X Trump positive comments on Steel plus good earnings (24.44)
Stock Gaping up +$2 Pop this at open to $27 if it comes then look to short it and gap fill this back to $25 level or under then go long. Should be fun

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