Pre Market Game Plan

Pre Market Game Plan by AJ – 4/24/18

1) $AGLE WOW!!! Evercore out with a Outperform $37 PT (7.90) LONG some at $8.40 will add on dips!
Stock gapping up +.50 I like this, see at least $10 or more will even consider swinging it. But for now LONG and Strong at $8.40 will add on dips Looking for a run to $10 spot or more. NOT much risk down here stock hit $9.25

2) $CBI This was a nice earnings Beat (13.38)
Stock Gapping up +.06 at $13.45 this morning I would try to get some at that level and add on dips if they come I think this stock heads back to $15 area today, it already made a pre-market jump to $14 so keep an eye on the upside and to consider buy on weakness

3) $EPZM Clinical Hold—–Leernik already out defending with $24PT ($15.30)
Stock Gapping down -$2 I like to see this pull down just a tad more at the open maybe to $12.50 area and under then watch for bottom to set in then look for a slow mover back to $14, if you want to nibble a few long here at $13.30 just know this has room to pull before the bottom curl, but in the end this is a temporary set back and should at least get thur $14+ on it

4) $ATI Earnings Beat (25.90)
Stock Gapping up +$2 I like to see a little more pop at the open maybe towards $28.50-$29+ then look for a nice gap fill profit taking pullback to $26.50 and under then look for a nice slow all day move to the upside should be fun with the pop and drop

5) $PVTL Gapping up +.60 this morning think we have ` more run in it today towards $19.50-$20 (17.26)
Stock Gapping up +.60 would look for this to pop at open maybe see $18 then look for the decent gap fill pullback to $17.35 and under then look to go long on it for an all day slow move towards $19+ imo this should have 1 more run in it towards the $20 spot so lets see how it sets up at the open

6) $SANM Earnings Beat BUT….Citi upgrades the stock from $32 to $33??? Hmmmmm (27.70) Needham has $40PT
Stock Gapping up +$4 I would consider taking a few short here at $31.85 give it room to $33 its thin so it should move then look for a nice play on it fill some gap at least 2 point or more then look for bottom curl then all day slow move to the upside on it. Higher it goes better the short for us on profit taking gap fill, so let see how it shoots out, if it begins to pull then you will get your points

7) $HOG Earnings Beat (they needed this) (41.01)
Stock Gapping up +$2.60 this morning , I would like to see a small pop at open maybe we get $44.50-$45 on it before it tops off then look to gap fill this short on profit taking back down to $41.70 and under, $HOG tends to sell off there pops so I will be eye the pop and drop and look for the bottom to set in then slow all day move back to highs.

8) $CDNS Earnings Beat (36.74) JPMorgan out with $42PT
Stock Gapping up +$4 I would take some short here at $40.70 area with room to add on the pop at open then look for this to pop and drop on profit taking back down to $37.50 and under then look for bottom curl then slow all day move back to highs, I like the beat but imo this is up a little too much especially with the 42 PT from JPM I don’t think this has more to go, more it pops at open better the short

9) $TAL Gapping up on $EDU (35.70)
Stock Gapping up +$2 points I would be looking to ease in short here at $37 area room to add on ANY pop at the open then look for the gap to fill back to $36 and under, remember this is up because of $EDU and no other reason so fill the gap first then go long

10) $EDU Earnings Beat (86.82)
Stock Gapping up +$7 I like to see a nice squeeze at open maybe we get $95-$96 on it then look for topping then look to lean into it short and gap fill some at least 3-5 points then bottom curl then look to go higher on it for all day slow move back to highs

____________________________________________________________________________________________________Notable Calls:

$TRV Earnings Miss (137.23) Gapping down -$7 I would like to see a little more sell off at the open maybe even $125-$127 area then eye the 3-5 point bounce on short covering then look for this to pop and fade all day back to lows, guidance was really off so this should get hurt today imo

$CAT Earnings Beat (153.61) Gapping up +$6 we all had this yesterday at $153 on the CITI notes for BUY rating (notice how they did that upgrade) looking for pop at open to $162+ if it comes then eye the gap fill pullback to $155-$157 area then look to go long on it should be a nice range play for us all

$CVNA 10 million offering (29.96) would look to short this possibly down to $27.50 and lower, the price hasn’t been set and with 10 million and 4 million by selling from stock holders this could dump pretty nice for us today so I would be eyeing the short more then the long on this today