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Pre Market Game Plan by AJ – 8/30/17

1) $MDCO gets FDA approval (38.74)
Stock gaping none, This already gap filled quick this morning from $41 back down to yesterdays close would take a few long at $39 and pop it back at the open should be fun for the day.

2) $SCSC Earnings Miss (39.00)
Stock gaping down -$2 NO MM’s on this, so I would like to see this pop at open and push to $38-$38.50 then scale in SHORT and fade it all day back to lows, if this pulls at open to $35 area look to scale in a few LONG and bounce it back 2-3 pts

3) $CHS BIG Miss on Earnings (7.83)
Stock gaping down -$75 cents I like to see this pull right at the open back to $6.50 or under then look for bottom curl then tak a few long and bounce it, harder it pulls better the play for us on the bounce so wait for it, if this pops at open to $7.75+ spot scale in SHORT and look to fade this all day.

4) $VRA Earnings Beat (10.07)
Stock gaping up +$1.10 I like to see this pop a little more at the open I’m looking for this to pop and gap fill back to $10.50 or under on it then look for this to bottom curl then all day slow move to the upside. If this pulls hard at gap fills then go LONG of the $10-$10+ curl on it.

5) $HRB Earnings Miss (29.23)
Stock gaping down -$2 I would pick a few up here long at $27.50 room to add on the pull back at the open then look for this to bounce back thru $28.50 or more top off then look for an all day fader on it, if this pulls hard at open to $25 spot bounce it. I think shorts will want to cover this at the open so watch for it to break out

6) $MZOR Gaping up on next phase of strategic partnership with MDT (41.97)
Stock gaping up +$3.50pts would look to short this here at $45 with room to $47 pop at the open gap fill this back to $42-$42.5 and under then look for this to slow move all day back up to the upside on it.

7) $AVAV Earnings Beat (39.35)
Stock gaping up +$4 up on thin air would take some SHORT at $43.50 spot room to $45 at the open then look for this to top off and gap fill quick to the $40-$40.50 area or under then look for bottom curl then look to go LONG on it for an all day slow move to the upside, just wait for this to set up on it.

8) $OLED DB Tags a BUY rating with $135PT (111.10)
Stock gaping up +$3 I like to see this pop a little more at the open towards $115-$117 area on short squeeze then lean into it short and gap fill this back 2-3 pts to the downside then watch for bottom curl then look to go LONG on it for a nice slow all day move to the upside

9) $ADI Earnings Beat (79.55)
Stock gaping up +$3.5 I like to see a quick short squeeze pop at open to $84-$85 at the open then look for this to top off and gap fill some back to $80 area or under then go LONG on it for an all day slow move to the upside, HIGHER it pops better the short for us if this pulls at open to $80 spot then watch for bottom curl then go long

10) **************$DY Earnings Miss (82.10) Note #Analyst are saying to look to buy on weakness CC coming up at 6amPST
Stock Gaping down -$18 I like the $65 level bounce to go long into the Call I think CEO does his best to regroup and tell investors they will be ok. Look for a move to $73.50-$75 area at the open before shorting it. ANY hard pull at the open I think will be bought up

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Notable Calls:

$OTIC Missed on Phase 3 (20.80) I would take a few small at $3.50 with room to add at the open I think this is done and won too much look for this to possibly rebound back thru $5+ on short covering watch for this to open and push break out thru $4 if it does this should run to the $5 spot or more.

 

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