1) $ARMP announce encouraging data on AP-PA01 (3.15) NOTE: They announce their own update
Stock Gapping up +$1.75 imo this is nothing more then a pop and drop this morning, so let the stock chasers and sheep chase it out of the gate back to $4.50+ top it off and slow all day fader back to $3.25 and under more it pops better the fade, if this simply pulls at open then small bounce then lower lows set in, nothing more then a short all day
2) $MOMO Earnings Beat mostly beaten down stock with in-line guidance (26.02)
Stock Gapping up +1.88 like to see a little more pop at the open towards $29 area if it comes look to gap fill this on profit taking back to $26.50 and under then watch for bottom curl, nothing impressive on the earnings imo, if this yanks at the open hard to $26.50 and under simply bottom curl it then look to go long on it
3) $NTNX Morgan Stanley out with a HUGE PT reduction from $53 to “$37” (35.14)
Stock Gapping down -$1.70 like to nibble small long here at $33.70 area room to $33 and a tad under at the open, look for some gap fill back to $34.75+ at the open then slow all day fader back to lows, if this simply gap fills and pops at the open towards $35 this is nothing more then an all day fader back to pre-market lows slow fade
4) $PLAN Earnings Beat Upside guidance across the board (37.11)
Stock Gapping up $4.80 like to actually see a little more pop at the open on short squeeze towards $42.50-$43+ then look for nothing more then a pullback maybe to $39 and under then watch for bottom curl on it, this should give us about 2-3 points on a short on some pullback but let it set up if this yanks at open for quick money on the short side look for $39 and under and bottom curl it, wait for the set up if it pulls.
5) $ATVI Goldman out to BUY and Conviction BUY List with $54 PT from $50 (42.29)
Stock Gapping up + 2 like to see small pop at open towards $45+ then lean into it short and look for nice gap fill to $43.10 and under then bottom curl it then slow all day move back to pre-market highs, This would be a nice SWING trade buy $47 weekly calls on this.
6) $RGNX Gene Therapy approved by the FDA on Friday (45.64)
Stock Gapping up +$3.50 like to see small pop at the open towards $49+ then look for nice gap fill sell off back to 46 and under on profit taking, RGNX tends to fill their gaps on news, but given the FDA approved them don’t look for a full gap fill leave some on the upside. Higher it pops at open better the fade for us on the short side
7) $GILD Goldman Sachs out on a Sell rating with a $60 PT from $70 (66.89)
Stock Gapping down -$1.40 look for small pull at the open then look for gap fill push to $66+ then begin to lean into it short and SWING this short for a nice slow all day move to $64 and under, if this pulls at open to $64 and under simply long it gap fill it back to $66+ then lean into it short remember how GS works on downgrades
8) $BMRN Mixed update results on their phase 1/2 study on valoctocogne (89.07)
Stock Gapping up/down this morning all over the place. Would actually nibble LONG here at $85.50 and under look for a pull at open to $83 bottom curl it then slow move towards $90-$92 if this pops at open simply sell into it for quick money, stock is all over the place to play small size
9) $SPLK Looking for this to recover more now that the gap was filled on Friday (119.30)
Stock Gapping up flat would buy a few at $119 here add on dips to $117 if it pulls looking for the stock to recover towards $123-$125 slow all day move to the upside more it pulls at open better then play to the long side for us
10) $TTD Market gaping up Stock up (195.90)
Stock Gapping up +2.10 like to see this pop a little more at the open through $200+ then look for full gap fill to $194 and under then bottom curl it for all day long as long as the market holds
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Notable Calls:
$BA Market gaping up (354.90) Gaping up +$2 like to see small pop at the open towards $357-$359 area then look for nice gap fill pull back to $354 and under bottom curl it then slow all day move towards $359-$360 today, Higher it pops better the gap fill.
$TSLA Market up Gaping up (190.63) Gaping up +$2 like to see small pop at the open towards $194+ then look for gap fill back to $190 and under bottom curl then slow all day move towards $195+
$AXSM SunTrust initials a BUY with $50PT (24.73) Gaping up +.70 I LIKE this call a lot on a SWING Trade would pick up some here at $25.40 add on dips at the open hold the stock for about a week look for the stock to run to $30-$32 over the next 5-7 days should be nice
