1) $NUVA SNN suggesting a BUYOUT (49.55) This is stupid and a joke!
Stock Gapping up +$8 imo I would suggest taking some short at $57 room to $60 and let this simply fade back to $52 and under.
2) $AVCO Today’s PR is similar to Jan 28 PR (4.74) Former runner
Stock Gapping up +$1.30 I like to see small pop at open towards $6.50-$7 then slow all day fader on it, more it pushes better the fade for us, This should fade back down to $5.25 and under imo, so let it set up for us.
3) $BBBY Loop out with a $12PT says no way they mak Earnings (15.42)
Stock Gapping down -.30 would take some SHORT here at $15.12 room to $16 pop at the open then look to fade this all day to $13.50-$14 if this yanks at the open simply cover your position for quick money then look for a bounce off of $13.50-$14 then bounce it back to $15+ then look to short it, either way this should be fading today.
4) $GT Longbow out with a $14 PT Sell Rating (18.69)
Stock Gapping down -.30 would nibble a few short here at $18.40 area room to $19+ at the open this took a beating on ER on Friday so this may push a tad more at the open through Friday’s close before fading, if this yanks hard at the open towards $17 and under I would be a buyer on short covering squeeze for 1-1.5 points of quick money
5) $CAR Goldman out with a BUY rating and $35PT (25.68)
Stock Gapping up +$2 I would let this rip a little more at the open towards $28-$29 area then watch for topping then gap fill this back down to $26-$26.50 on profit taking then watch for that bottom curl on it then look to go long on it for a slow all day move towards $28-$30
6) $SNN Rumors suggesting buying $NUVA (40.19)
Stock Gapping down -$2 I would take a few long at $38 and look for slow move towards $40 on this today, if this pulls to $37.50-$37 at the open, don’t worry just add a few more, this should fully gap fill, remember it was a rumor and nothing more so this should gap fill
7) $EA B of A out with a BUY rating and $115 PT (97.60)
Stock Gapping up +$5 would take some SHORT here at $102.50 room to $104 then look for a nice gap fill back down to $99 and under then watch for bottom curl on it then look for slow all day move back to highs,. If this pulls to $99 at the open or under bottom curl it then go long
8) $TWLO Gaping up on no real news that I can find
Stock Gapping up +$4.5 I would nibble some SHORT here at $119 room to $121 then top it off then look to gap fill this back down to $114-$115 then bottom curl it then look to go long on it for a nice all day slow move to the upside
9) $SHOP Baird suggesting to buy today with $165 PT (175.95)
Stock Gapping up +$4.5 I would nibble some SHORT here at $178.50 room to $180 then top it off then look to gap fill this back down to $$176-$177 then bottom curl it then look to go long on it for a nice all day slow move to the upside
10) $NVDA Citi lowering PT from $240 to $200 (148.17)
Stock Gapping down -$3 I would take a few long at $145.50 room to $143 let it bounce back to $147+ then watch for topping on it then look for a slow all day potential fader on it. Higher it gap fills better the fade, If this yanks hard don’t let it scare you NVDA always gap fills before any kind of fade
$CRON I like playing this when market gaps (19.55) Gaping up +.70 like to see small pop at the open then look for a nice gap fill back down to $19 spot then bottom curl it then a nice 1-1.5 point push towards $21-$22
$NFLX Gaping up on Market up (347.57) Gaping up +$3.5 like to see small pop at open if it comes to $352-$354 then gap fill pullback to $348 area bottom curl it then look to go long on it, if this pulls at the open to $348-$348.50 scale in long for a nice slow all day move to the upside