Pre Market Game Plan by AJ – 8/9/17
1) $FOSL Earnings Miss (11.84)
Stock gaping down -$2.84 2 ways to attack this, LONG at open if it breaks $9.30 area look for a gap fill to $10.50 possibly $11 touch then all day fader on it, if this pulls hard at open to $8.50 and under go LONG and this will gap fill at least 1-1.5 pts to the upside
2) $TRUE Earnings Miss (19.51)
Stock gaping down -$2.20 2 ways to play look for this to gap fill pop at open to $18.74-$19 area then top off then look for an all day fader on it back to lows, or this yanks hard at open to $16.50 area or lower and play the 1-1.5pt solid bounce on it
3) $CEMP Merger/Collaboration (3.80)
Stock gaping up +.60 I like to see this pop a little more at open then watch for the lower lows to set in then possible all day gap fill fader to $3.75 area if this pulls at open to $3.85 and under watch for bottom curl then look to go long on it. Should be fun either way
4) $ACAD Earnings Beat (29.54)
Stock gaping up +$3.25 I like to see small pop at open then scale in short and gap fill this back to $30 and under on profit taking, the higher this goes better the all day fade on it. If this pulls at open and gap fill right away then look to go LONG on it for an all day slow move to the upside
5) $MYGN Earnings Miss (25.55) Thin Volume wait for this to set up and nail it
Stock gaping down -$2.55 at least its showing you where it wants to go, 2 ways this pops quick and gap fills at the open to $24.75-$25+ then look for this to all day fade on it, if this pulls at open hard to $22 levels watch for bottom on it then go LONG on it for nice 1-2 pt gap fill before fading it
6) $MYL Earnings miss guides lower (31.79)
Stock gaping down $2 I like to see this actually pop at open and run back thru $31+ before fading off on it, if this pulls hard at open to $28.50 or lower bottom bounce it for a nice push back to $29.85-$30.50+ area should be fun, think the sell off over the last few days already built this in.
7) $LITE Earnings Mixed (59.25)
Stock gaping up +$7 I would actually take a few SHORT at $66.50 wide range to $68 at the open and look for this to gap fill to $60 and under, this was down -$5 buck but as soon as CEO go on and built investor confidence and look at it shoot up, think this may small pop then look to gap fill it for at least 3-4 pts to the downside before curling back up (wait for this to set up like $ESPR yesterday)
8) $RRGB Earnigs Beat and Raises guidance (53.75)
Stock gaping up +$5.25 I would actually scale in SHORT here at $58.50 level room to $60 at the open its trading thin so think this gap gets filled back to $54.50-$55 level then go LONG on it for a nice bottom curl, if this sells off at open on profit taking cover then watch for the $54.50 levels and nail it.
9) $PLCE Earnings Mix guides lower (118.00)
Stock gaping down -$4 I like to see this actually small pop then sell off to $105 and under before we see any kind of bounce on it, if this pulls hard at open watch the $103-$105 level and then bounce it for 4-5 pts if this pops at all at open look for $116+ toping then short it.
10) $JAZZ Earnings Miss guides lower (152.29)
Stock Gaping down -$12 I like to see this pop at open to $145-$147 level on short covering then watch for topping on it then look to fade this all day back to lows, IF IF this pulls hard at open to $135 area or under GO long on it and play a nice 4-7pt bounce on it
$XTNT FDA clearance (.88) Gaping up +.30 due to lack of small cap stocks in chatrooms this may actually pop and run at open possibly to $1.50+ range with volume so watch for it, if it does a small pop at open and lower lows set in look for this to end up fading all day on it.
$ALRM Earnings Beat (39.51) Gaping up +$2.5 I would look to fade this gap here at $42.50 room to add at the open then look for this to gap fill back to $40.50 and under then go long on it, if this pulls at open then short cover it then bottom curl go long
$I think today overall the market sells off some so watch your longs and I feel a lot of these huge gap ups will be sold off, so be careful today a lot of negative sentiment out their could take the dow down 100-150 pts through out the day