1) $FLGT Upgrade at Piper to $12.30 (9.40) TOP SHORT IDEA
Stock gapping up +$2.50 imo this is nothing more then a gap fill sell-off to $9.75-$10 and under, this is stupid even being up, any pop and I mean any more pop at the open towards $12 get in there and short this baby and look for nice gap fill on it
2) $MYGN Earnings Miss Analyst Ratings between $18-25 (35.10)
Stock gapping down -$14 do NOT long this unless you see $22 at the open then go ahead and chase it for a quick move to $25-$27+ top it off then all day fader on it, if this yanks right at the open under $20 go lonnnnnnnnnnnnng and enjoy a nice 5-7 point short covering squeeze on it.
3) $EVER Earnings Beat Multiple Upgrades range from $30 to $35 (21.77)
Stock gapping up +7 Love to see sell off to $25 and under at the open from $28-$29 area However if this pops at the open do not long it unless it gets through $28 once $28 comes chase it to $30-$31 then top it off then look for a nice 3-5 point gap fill sell off. More it pops at open better the range to the downside, if this simply yanks watch that $25 area
4) $CHGG Earnings Beat Needham Tags a $50 PT on it (29.33)
Stock gapping up +$4 like to see small pop at the open towards $35-$36+ top it off then look for nice 2-4 point gap fill sell off then bottom curl then slow all day move to the upside, this will NOT gap fill traders so most you will see imo is $31 on the bottom curl then long it for slow all day move to the upside
5) $INMD Earnings Beat (33.97) NOTE: Conference Call going on right now
Stock gapping up +$4.50 like to see small push towards $40-$42 in pre-market and at the open once this snaps $39 on the pullback look for a flush down to $34.50-$35.50 area bottom curl it then slow all day move back to pre-market highs, this should not gap fill, earnings were impressive
6) $SHAK Earnings Disaster SSS missed guides lower (84.21) Analyst PT between $60 to $76
Stock gapping down -$16 would nibble very small around $69 area stops at 1 point I like to see this push at open through $70 short squeeze to $75+ top off then all day bleeder, IF this yanks right at the open watch the $62.50-$63.50 area bottom curl then slow 5-6 point to the upside. More this pulls at the open better the range to the upside, more this pops at the open better the range to short it.
7) $ATHM Earnings Miss (89.58) No analyst comments
Stock gapping down -$12 would nibble small long at $77 room to $75 at the open looking for shorts to come in and cover to $85+ top it off then all day fader on it, if this yanks to $75-$77 watch the bottom curl and shorts to come in and squeeze it towards $83-$85 a share.
8) $ZBH Earnings Beat reaffirmed guidance (136.53)
Stock gapping up +$5 like to see small pop at the open towards $142-$144 top it off then 3-5 point gap fill fade, if this yanks right at the open this should gap fill back to $137.50 and under more it pops better the range to the downside, if this gap fills be done with it.
9) $RNG Earnings beat Multiple PT Upgrades from $170-$210+ (157.65)
Stock gapping up +14 I would love to see squeeze at the open towards $178-$182+ then watch for topping then look for a nice 8-10 point pullback bottom curl then slow move to the upside, this will NOT gap fill most I see is $163-$165 bottom curl so don’t expect a full gap fill.
10) $ADBE Earnings Beat (277.50) Most analyst put this at $285-$325
Stock gapping up +$16 I like the $293-$295 topping for a 10 point gap fill pull back to $285-$287 and under then bottom curl then slow all day move to the upside, if this pushes at open and breaks out over $295 watch $298-$300 as topping then look to pulls this back nice an steady on a nice 10 point plus gap fill pullback or more. Higher it pops better the range Keep in mind they guided higher so look for that squeeze.
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Notable Calls:
$REGN Earnings Beat (311.04) gapping up +$15 would love to see small pull at the open to $315-$317 and under then start to squeeze it and get it back to $325-$330 watch for topping then slow move back down 5-8 points, higher it squeezes better the range for us to the downside, if this yanks right at the open to $315 and under watch that bottom curl then slow move to the upside
$TNDM Earnings Miss (62.59) gapping down -5.50 would love to see small push and gap fill towards $60-$61 at the open then look for topping on it then slow all day fader on it, if this yanks at open under $55-$56 area again watch for bottom curl then slow all day move to the upside
$EVGB Earnings Beat (67.01) Gaping up +$8 would like to see quick pop at the open to $79-$80 top it off then look for a nice 4-5 point gap fill sell off would love to come back to $75 and under, think its up way too much. So watch for that $80 topping then look to short it. Should be fun
