Pre Market Game Plan by AJ – 8/23/17
1) $RARE SunTRust downgrades the company and lowers the PT from $105 to $55 (58.85)
Stock gaping down -$8.95 I like to see this pop at open to $53-$55 area then look for topping then all day fader on it, if this pulls hard at the open then look for this to fall below $49 area or lower watch for bottom curl and bounce it 3-4pts stock has range :NOTE: mutiple downgrades as well accross the board BUT with $80-$85PT so this shouldn’t wash too much but just enough
2) $PRTK Company be be weighing Options (19.05)
Stock gaping up $6 I like this as a SHORT at $25 level I think this will pop some at the open but in the end its all noise and will simply gap fill back to $21 and under. If this pops more at open don’t let it scare you it will come back down, not concerned on it.
3) $ITCI Company has presented adequate Data (11.27) ARE YOU KIDDING ME!!!!!!!!!!! STUPID!
Stock gaping up +4.50 Any pop at open on short squeeze to $16 imo is a XMAS gift this is a pure short from the open at $16 I think in the end this should be right back at $12.50-and under.
4) $LZB Earnings Miss (31.25)
Stock gaping down -$6 2 ways if this pops above $26.40 level go long and look for a short covering squeeze to $28.50+ before it tops out, if this pulls hard at open (which I hope it does) I would look for this to hit $23.50-$24.25 area then look for bottom bounce to $26-$27 lets see how it sets up at the open
5) $EXPR Earnings MIXED imo (5.49) Some investors are pleased but in the end I think this pops and fades
Stock gaping up +$1 look for a small pop at the open if it does back to $7 area then top it off then slow fade, if this just dumps at the open back to $6.15 and under then look for bottom curl on it and go long for an all day slow move to the upside
6) $AEO Earnings Positive (11.21)
Stock gaping up +$1 a lot of BagHolders on this stock, so any decent pop at the open thru $13-$13.50 watch for topping then look for a nice 1pt pull back to $11.50 and under then bottom curl it then all day slow move to the upside. Lets see how the open is first then we will lean into it. Should be fun
7) $CREE Earnings Miss (23.03)
Stock gaping down -$3 I like to see this pop and gap fill back up to $21.50-$22 on short covering then top it then all day bleeder on it back to lows, if this pulls at open to $18-$19 level bottom bounce it then look to go long on it for 1-2 pts quick
8) $SHLD signs 2 licensing agreements will broaden KenMore and Diehard brands Internationally (9.03)
Stock gaping up +.07 it gaped even to $9.40 I like the news for a Day Trade only so consider taking some LONG at $9.10 room to add on any pull at the open and look for a possible slow all day move to $9.50-$9.75+ I like to get some volume behind this, if we do should be a fun Day Trade for all of us.
9) $FCAU said to overhaul that could Spin-Off Maserati and Alfa Romeo Jefferies raised PT just now to $19 from $14 (14.03)
Stock gaping up +$.50 I like the news if you can stomach the pull at open maybe grab a few here at $13.85 area room to add on any pull at the open, I thing this could end up around $15+ today once we get going, news is good for the company and this should let it run some today.
10) $LOW Earnings Mixed (75.82)
Stock Gaping down -$3 I like to see this pop at open to $74-74.50+ then scale in SHORT for possible all day fader on it, if this pulls ahrd at the open to $70 and under go LONG and play the 2pt bounce on it. I prefer pop on it and bleed out, lets see how it reacts at the open
$APOG No volume but MM showing $54 on the ask (47.01) Lets see if we get a quick pop at open to $48-$49 area then look to fade this all the way back to $47.50 or under on gap fill then take a few long and ride it back thru $49+ This needs to set up for us first