Pre Market Game Plan

Pre Market Game Plan by AJ – 5/25/18

1) $VTGN Oppenheimer out with a $6PT (.97) This is unusual for a $1 stock to get Oppenheimers u/g like this
Stock Gapping up +.80 would nibble some LONG think we get a pop thru $2 on this or more at the open then this should pullback and bottom curl to $1.40 and under then we can look to go long the stock for a move back thru $2-$2.50 this has decent volume to move

2) $ZOES Earnings Disaster (14.47)
Stock Gapping down -$4.30 would nibble some LONG at $10.15 room to $9.50 looking for a short covering bounce to $11-$11.50 then possible all day fader on it.

3) $EGHT Earnings Miss (22.05)
Stock Gapping down -$2.50 I like to see small pop at the open towards $21-$21.50 then look for it to all day fade off the earnings miss, if this pulls at the open to $18-$18.50 and under look to go long and play the bounce on it should be fun

4) $HIBB Earnings Miss (28.95)
Stock Gapping down -$3.95 I like to see this pop at the open off the the $25 level quick to $27.50+ then look for a nice sell off all day on it to the downside, if this pulls hard at the open towards $24 and under watch for bottom curl and go long for 2 points on the short covering bounce before fading it off

5) $GPS Earnings Miss (32.95) Note multiple downgrades on this stock even with SunTrust at $29PT
Stock Gapping down -$2.20 I would consider shorting this stock and I would nibble some here at $30.50+ with room to add at the open if $32 comes consider it a gift I think in the end this ends up around $28 or under today on the stock

6) $FL Earnings Beat (46.39)
Stock Gapping up +$6 love the beat CCall current going on and I love to short at $53 with stops at $53.50 give it room I think this could gap fill all the way back to $50 and under, Great beat but look for some profit taking to hit.

7) $VEEV Earnings Miss (75.25) Tricky stock but I think it will fill its gap back up
Stock Gapping down -$2 I like to see this pull some at the open maybe we get $74 and under watch for bottom to set in quick then go long and bounce it for +$2 points or more. If this pulls hard at the open, let it more it drops better the play for us on the 2-3 point bounce

8) $ROST Earnings Mixed but Analyst say to BUY the weakness (82.96)
Stock Gapping down -$3 would nibble a few long at $79 room to add at the open if $77 comes I think this will be bough up quick and a solid move back to $81-$82 on it, so wait for it to set up for all of us.

9) $DECK Earnings Beat Very Impressive (103.67)
Stock Gapping up +$4 I like to see a quick squeeze at the open towards $109-$111 then look for a nice 2-4 point sell off on it on profit taking or more then bottom curl it and go long, this has had a great run so wouldnt be suprised if this fills the full gap, I like to push it first out of the gate then look to fade it

10) $SPLK Earnings Mixed but more the beat side (116.31) Cramer favorite and Multiple upgrades Bought up on weakness
Stock Gapping down -$4 I would nibble the long side at $112+ and look for a full gap fill back to $116 or more at the open then look for a slight 2 point pullback on it then look for a nice slow all day move to the upside. If this pulls again to $112 and under this will be bought up imo

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Notable Calls:

$ADSK Earnings miss (138.92) Lots of defends including BofA at $139 HOWEVER I would be thinking we see a decent sell off at the open towards $125-$127 or more before it bounces, If this pushes at the open towards $135+ I would look to short it. MY guess is small pop followed buy a pullback then bottom curl then look to go long on it.

********$CYAD Wells Fargo out with a BUY rating and $44PT (28.88) Gapping up +$1.30 I like to see this pop at open towards $31-$32 quick if it comes watch for lower lows to set in and gap fill this back down to $29.25 and under then look to go long on the bottom curl. I love these gap up plays on upgrades cause after gap up and initial pop they just come right back down

$MYOK Last day to play this, I have an order in again at $48 look for quick fill then snap back to $49-$49.50 or lower

 

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