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Pre Market Game Plan by AJ – 8/3/17

 

1) $DDD Earnings Miss (17.01)
Stock gapping down -$2 I would buy on the weakness $15.25 area for a short covering squeeze at the open back thru $16-$16.50+ then watch for topping then look to fade it all day back to lows, higher it squeezes at the open better the all day fade on this like $FEYE yesterday

2) $ESIO Earnings Beat (8.48)
Stock gapping up +$2.50 look for a nice pop at open possible to $11.50 (I like the short side of this play) I don’t think this will hold up long so watch for the pop and possible fade off once those lower lows set in look for this to gap fill back to $9 then bottom curl it

3) $CENX Earnings Miss (16.74)
Stock gapping down -$1.50 2 ways take a few LONG here at $15.25 room to add at the open to $14.50 then look for short covering bounce on it back to $16-$16.25+ before shorting it, if this pops at open sell into it and watch the topping, if it pulls let it flush but I think the 14 area we will see some short covering

4) $TEVA getting smoked on horrible guidance (31.25)
Stock gapping down -$6 I think this is a bloodbath today I actually believe with the 2017 guidance this touches $20-$21 so watch for it, if it pulls hard at open to those areas play the 2-4pt bounce on it, if this even start to have a pop at open on short covering look for shorting it around $28-$29 area then lean into it hard and expect an all day fader

5) $SEDG Earnings Beat (22.85)
Stock gapping up +$5 I would take a nibbler SHORT here at $27 with room to add on the pop wouldn’t be scared if it hits $29 at the open then lean into SHORT and gap fill this back to $24 area or under, SEDG does fill their gaps so watch for it, if this pulls at open then look to cover around those areas of $23.50-$24.50 once it bottom curls if it does its good to go.

6) $UBNT Earnings Beat (53.93)
Stock gapping up +$13 I like to see this pop a little more at open to $68-$70 area (crazy I know) then scale in SHORT on it and gap fill some of this to $60 and under this has a lot of range today so watch the topping once this gives it will give us a lot of points

7) $DATA Earnings Beat (64.02) Up thin (thin means nice gap fill)
Stock gapping up +$4 I would take a few SHORT here at $68 room to $70 at open then lean into this short and gap fill it back 4-5 pts to the down side, if this pulls at open look for the $65 area as a bottom on it or curl. either way imo DATA will gap fill after the initial pop

8) $TTWO Earnings Beat (79.39)
Stock gapping up +$10 I like to see this pop a little more at open would look to scale in SHORT around the $89-$90 area then look for this to fade off on profit taking gap fill it back to $84 and under then watch for bottom curl then go long, expect some profit taking on this so watch for the pull to begin to happen on the lower lows and nail it.

9) $SYMC Mixed Earnings (30.91)
Stock gapping down -$1 I would like to take a few long below $30 and on quick pull at open then look for this to head back to $31-$3 I think this is an over reaction if this pops at open to those areas then look for a topping then slow all day fader back below $30

10) $STMP Earnings Beat (151.30) use W I D E Stops or DON’T trade it!!!!!!!!!!!!!
Stock Gaping up +$28 pts so watch for this to pop some at open thru $180 I actually would take some here at $179 SHORT add to $185 at the open then look for this to give back to $165 and under. If this begins to sell off at open chase it to the $165 area
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Notable Calls:

$PBYI CHMP letter (89) gaping down -$3 please let me know when and if this pulls to $80-$81 or under I would like to take a few long and play the nice 4-6 pt bounce on it
$OCLR Earnings Beat (9.13) +.75 look for quick pop at open possible to $10.50-$11 scale in SHORT should fade all day back to $9.50 or under watch for the lower lows to set it
$NUS Earnings Miss (62.12) Gaping down -$2 I would like to see this sell off at the open to $58 area or under then look for bottom curl then bounce it back 3-4 pts I love NUS more the pull at open it would be great to see $55 like last time but watch for bottom curl

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