Pre Market Game Plan by AJ – 9/11/17
1) $HCI Gaping up +$5 now that storm is calming down (30.77) Trading up “THIN”
Stock Gapping up +$5 I would actually take a few here SHORT at $36.35 area room to $37 at the open I like to see this pull at open and gap fill some on profit taking back down to $32 area or under then go long on it, This needs to gap fill first before making a sloind move to the upside with volume.
2) $UVE Gaping up +$3 now that the storm is calming down (17.71) Trading Thin
Stock Gapping up +$2.70 I would consider scaling in some short here at $20.40 area room to $21+ at the open then look for a nice gap fill profit taking pull at the open would love to see it pull down to $18.50 if possible before bottom curl then slow move to the upside.
3) ****$MRNS announce Top LINE Date on Phase 2 open label study (3.12)
Stock gaping up +$1.20 I like to see this pop a little more at open possibly thru $5+ volume is HUGE on it this morning, would love to see this have a nice little run, wait for the standard pop at open then look for a decent sell off, if it pops and lower lows set in should fade back to $3.50 and under. If pop and flag could run even to $6+ so lets see how it opens. Gonna be fun
4) $NLNK Stifel Tags a BUY rating and ups the PT to $29 from $14 (17.67)
Stock gaping up +$.20 I would consider taking a few LONG here at $17.80 area with room to add at the open look for a nice potential move to $19.50-$20+ today on this call. SHORTS should get squeezed right at the open on this call, so watch for initial pop
5) $TEVA Appointed NEW CEO and came out with Positive Data also BTIG came out with BUY rating with $24PT (15.50)
Stock gaping up +$2 This is up HUGE with volume, so the way to play this imo is look for a pop at open towards $18+ touch then watch for lower lows to set in and look for a decent profit taking pullback back to $16.50 and under, this is great news with NEW CEO but the stock will see some profit taking so watch the short side of it. Should be fun and in play all day
6) $CLVS Gaping up on Market being up should recover from Fridays sell off (67.17)
Stock gaping up +$2 I would short this gap here at $69 with room to $70+ at the open gap fill it back to $68 and under then look for bottom curl then slow all day move to the upside. Should be fun once bottom kicks in we should get a nice play on it
7) $YY Gaping up on market being up +100 (78.01) Up on Thin air
Stock gaping up +$2 I would take some SHORT here at $80 with room to pop at open possibly to $81.50+ then look for this to fade off sand short it and gap fill this back to $78 area then look for bottom curl then look to go long on it for an all day slow move back to highs
8) $ARRY presents Phase 3 Part 2 results (10.98) JPM tags a $14PT from $11
Stock gaping up +$1 I like to see quick pop at open to $12.50 maybe even to $12.90 area watch for topping then scale in SHORT and gap fill this back down to $11.30 and under then look to go long if this pulls hard at open to $11.30 and under look to go long on it for an all day slow move to the upside
9) $KURA gaping up look for continuation on it from Friday (11.80)
Stock gaping up +.50 I like to see this pop at open a little more to possibly $13+ area then watch for topping quick pullback then slow all day move to the upside on it, if this pulls hard at open tto $11.50-$11.80 and under scale in a few long and it should gives us a quick 1pt+ pop or more watch for the set-up on it at the open
10) $INCY Raymond James Tags a BUY rating with $259PT (129.46)
Stock Gaping up +$3 I like to see this pop at open to $134+ on it then scale in a few short gap fill this back to $131 and under then look to go LONG on it for an all day slow move to $136-$137 this should be fun after the initial set up on it.
$HRTG (9.37) Gaping up +$2 on Storm calming down watch for quick pop at open to $11.50_12 scale in SHORT and gap fill this back to $10 and under then bottom curl then look to go long on it, higher it pops better the short on it for us. should be fun