Pre Market Game Plan by AJ – 9/8/17
1) $KURA Phase 2 MET Primary Endpoint (6.85) Former Runner Took starter this morning $8.50 LONG (look for u/g throughout the day)
Stock Gapping up +$2.5 I like this former runner to run today on this news also has the Key word (Cancer in it) lots of shorts in this would love to see it get squeezed right at the open if this pulls and sells off hard then look for bottom curl and volume to kick in this should be an all day fun trade to play. Would love to see a pop thru $10+ at open then some profit taking on it.
2) $AOBC Horrible earnings and even worse guidance (16.94)
Stock Gapping down -$2.94 I would love to gut this all day long, the guidance was cut in half today, so to me ANY pop and short covering at the open towards $15+ I would scale in and look for an all day fader on it, if this gets pulled hard at open chase a few and flush it to $12 and under imo before you see any bounce on it.
3) $FNSR Earnings Miss (21.99)
Stock gaping down -$1.5pts I like to see this pop at open on short covering to $21+ then scale in short and look for an all day fader on it, if this pulls hard at open and flushes to $19 are or under look to go long and buy on the weakness think shorts will cover for 1-1.5pts on it.
4) $ZUMZ Earnings Beat (13.20) As I said last night look for ZUMZ to do well and o/n
Stock gaping up +$2.00 I would actually take a few short here at $15.20 room to $16 at open think this does a nice pullback on it on profit taking back to $14.25 and under so watch for this to pull if and when it does you will nail a point or more on it.
5) $KR Earnings Mixed but investors NOT impressed (22.77) Said last night $KR would have some serious issues!
Stock gaping down -$1.50 2 ways to play this, this pulls a little more at open to $20 and under then go long and play the nice 1 point bounce with size on short covering, or this pop at open quick to $22.25-$22.75 area then watch for topping lower lows to set in then look to fade it all day.
6) $CLVS Ariel 3 met primary endpoints (72.32)
Stock gaping up +$2.80 I like to see a quick pop at open towards $77 area then look to scale in SHORT for a nice gap fill to $72.50-$73 and under, this may pop and just sell off this was bought into over the last month or so, so be careful sizing in too much long, I will watch this carefully at the open to see if this gets ramped up or not off a flag. My gut this pops and fades on profit taking
7) $PAY Earnings Miss (19.43)
Stock gaping down -$1.00 PAY normally will gap fill at the open quick towards $19 area then look to scale in short and fade it all day, if this pulls and dumps at the open quick to $17.50-$18 scale in long for an all day slow move to the upside
8) $AGX Earnings Beat (62.60)
Stock gaping up +$4.40 I would take some short here at $67 with room to add at the open this is up thin so I think this will be a nice gap fill profit taking pull back to $63.50 or under then look to go long, Lets see how it opens higher it pops better the SHORT for us
9) $EFX Data Breech and 3 executives sold stock (142.72) GUT THIS TO $109 today imo
Stock gaping down -$20 IMO this should be gutted to $110 and under so any pop at open towards $130 if it comes I would look to short this, if this yanks hard at open to $110-$115 use wide range go long and play a quick 4-6pt bounce on it, Watch how it opens then we will nail it. either way this will be talked about all day long!
10) $CMG Cowan lowers the hammer on this with a $250PT from $370 (317.25)
Stock Gaping down -$9 like to see a quick pop at open on short covering to $313-$314 then scale in short for an all day fader on it, if this pulls hard at open look for $305 and under and look for shorts to cover 3-5 pts on it.