Pre Market Game Plan

Pre Market Game Plan by AJ – 4/17/18

1) $CNET Blow-Out Earnings (2.47) Former runner
Stock gapping up +$2 watch for this to potentially pop a little more at the open then look for the gap fill sell of profit taking to $3 and under, if this pulls at open to same area watch for bottom curl with volume then look to go long, I will be watching for the buys on it this morning to let you know

2) $LADR fund no longer wishes to pursue an offer on the company (14.98)
Stock Gapping down -$1 any pop at open on short covering I would look to short this all day fader to $12.50 area imo this is nothing more then an all day short on it so keep an eye as lower lows set in after any initial pop at the open

3) $PUMP to join S&P SmallCap 600 (17.87)
Stock Gapping up +1.40 like to see small pop at open towards $19.50+ if it comes then look for a nice slow fader gap fill to $18.650 or under then look to go long, imo anything under $18.50 to me is a bargain on this news and would look to go long it as it heads towards $20-$21 on this news

4) $NWL Wells Fargo out with a $35PT from $25 (26.25)
Stock Gapping up +.90 I would consider letting this pop a little more at the open to $27.50-$28 scale in short and gap fill this back to $26.25 area or under then look for bottom curl on it then go long, Wells Fargo upgrades tend to pop and fade so look for the nice gap fill short on it before considering any long

5) $RKDA advancing reduced-gluten wheat positive for the company (26.22)
Stock Gapping up +$3.20 I would actually lean into this some short here at $29.50 with room to add at the open once this breaks $28.75 and under I think this just gap fills back to $26.50 and under, imo this news is fine, but no FDA approval or primary endpoint just simply good news on what there doing and those type of plays tend to pop and fade off, also note, no upgrades on it

6) $ROKU ESPN News positive and Point72 has taken a 5.1% stake in the company (33.02)
Stock Gapping up +$2.5 I like to see this pop at the open thru $36-$37 area on short squeeze then look for this to sell off and gap fill it back to $34.50 and under, then I would be looking to go long on this, I think imo this is the start of a leg up on this stock and I would be buying any level around $33.50-$34.50 and swing this for a week or so, Today lets play the pop pull then long

7) $CLVS Offering Price established 1.84 Million at $54.41 (54.41)
Stock Gapping up +$1.40 like to see this come below $54.40 at the open on any initial pop I think we see $54 and under before I would scale in any LONG on it, so keep an eye on the pop and fade on it, if this simply pulls at the open to $53 spot or under then look to go long on it

8) $MLNX Earnings Beat as predicted last week they would do (78.35)
Stock Gapping up +$4 would take some short at $82 area room to add on the pop at open to $84 if it comes then gap fill it short back to $78 and under then look to go long on bottom curl, nice earnings as predicted and this has had a run into earnings so keep an eye on the pop and sell off on the gap fill

9) $CE Earnings Beat (106.42)
Stock Gapping up +$7 I like the beat would love to see a little more pop at the open followed by a sell off slow fade 2-4 points into the conference call in 1 hour, then look to go long in the call then fade some back after the call. Either way this will have range at the open so keep an eye on it.

10) $NFLX AS Expected beat on Earnings and Popped (307.78)
Stock Gapping up +$23 I like to see a nice small pop at open towards $335+ if it comes followed by a nice gap fill pullback of 10-12 points or more on profit taking, I like this to pop and sell off this has had a HUGE run into earnings so watch for some profit taking to come before going long again

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Notable Calls:

$UNH Nice Earnings Beat (230.32) stock should pop out of the gate possibly thru $240+ then look for some gap fill pullback to $233 and under then look for a nice slow all day move to the upside. Great Earnings so look for more upgrades through out the day

$CRSP Gapping up on Presentation (51.18) let this fill the gap at open after initial pop thru $53+ if it comes then short it and gap fill it then look to go long on the bottom curl to $51.25 area or under.

$CHK Citi tags a sell rating with $2PT with Oil down (3.11) down -.08 would consider taking some short with room to add on ANY pop look for a nice slow all day move to $2.50 and under with size

 

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