Pre Market Game Plan

Pre Market Game Plan by AJ – 4/30/18

1) $GNPX another day in it of pop at open then fade (15.21)
Stock gapping up +$1 think this pops at open towards $17.50- to $19+ a share before topping off and fading off back down to lows so keep an eye, looks like chatrooms want to push this early and quick this morning

2) $AKAO News seems positive this morning on this one looks like potential squeeze at the open (13.09)
Stock Gapping up +$1.00 I like the way this is set up today so this could pop nice at the open towards $15-$16 before selling off some on profit taking, this is a beaten down chart and a lot of positive eyes on this, if this pops more at the open look for a nice sell off of 1-2 points, if this yanks at open to $13.25 look for bottom curl on it then look to go long for nice move to the upside

3) $FDC Earnings Beat raised guidance (15.28)
Stock Gapping Up +$2 I like the beat but would expect a pop and sell off on this, I think this is up a little too much this morning, so watch for the pop at open towards $17.40-$18 spot then lean into it short then look for a gap fill back to $16 and under then look to go long on bottom curl, if this pulls at open and dumps and your short now, cover quick then watch for bottom curl

4) $ARNC Earnings miss, and downside guidance (22.44) This should get hurt even more today
Stock Gapping down -$2 I like to see more downside on this one, so if this pops and covers at the open on some short covering look foir a pop at open towards $22 if it comes then top it off then all day bleeder on it back to lows, if this pulls at open towards $18-$19 look to go long on it for a nice 2-3 point bounce on short covering

5) $PTLA Oppenheimer out strong along side Citi with almost same PT for the 4th of May (34.19) $67PT
Stock Gapping up +$1 I like this to make a nice move towards $35.50-$36 then look for a nice gap fill pullback on it to $34.50 and under then look to go long on it, If this gap fills quick at the open I will be looking to go long on it I like to get to $34.50 and take another starter position on it

6) $CRSP Gapping up on so/so 60 minutes piece not to impressive (48.91)
Stock Gapping up +$1.50 tried myself to fill 500 shares short with TD this morning at $50.35 with no go on it, so I will be eyeing the pop at open and look to short this and gap fill it back to $49 and under then watch for bottom curl on it then look to go long on it

7) $W Wedbush out cutting PT to $63 from $90 (66.61)
Stock Gapping down 3 points I would take a few LONG at $63.60 area with room to add at the opening pull at $62 then look for a nice gap fill pop towards $64-$65 watch for topping then look to fade this all day long back to lows.

8) $DCT Earnings Beat and potential Buyout (58.75)
Stock Gapping up +$10 points I like to see this pop at open towards $66+ if it comes then watch for topping then slow fader back to $64 and under if this pulls at open towards $60 look to go long on it imo

9) $SPOT MUtiple Upgrades to $190 BofA GS Morgan all $190 PT (159.98)
Stock Gapping up +$3 I would nibble some LONG at $161 area room to add on pullback at the open then look for a slow all day ove towards $165-$170 on it.

10) $CHTR Gapping up +$5 points on no really news (263.32)
Stock Gapping up +$5 points I would look to short this pop and gap fill it back to $265 and under watch for bottom curl then look to go long on it for an all day slow move towards the upside after the gap fill

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Notable Calls:

$AGN Earnings Beat (162.40) Stock gapping up +5 I would scale in short at $167 area room to add at the open look to gap fill and flush this out to $162 and under. AGN tends to sell off there gap fills

 

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