Pre Market Game Plan

Pre Market Game Plan by AJ – 5/8/18

1) $BLNK on/1500 shares at $4.20 well see on the way thru $5 this story isn’t over (4.04)
Stock gapping up +.50 Look for this to run all day but in Pre-Market stock should run thru $5 spot or more then look for the pullback on it, then I will be watching for a nice squeeze on it all day. Keep in mind this did 50+ Million shares and has a gap to fill.

2) $RKDA Increase Rice Yields by Double Digits (9.30)
Stock Gapping up +$2.50 I like to see small pop at open followed by a nice sell off profit taking pullback to $10 and under then bottom curl then look for a nice slow all day move towards $12.50-$14 are if this pops at open thru $12 look for a quick squeeze then eye the topping on it, gap fill some on profit taking then look to go long on it. News is good for the company

3) $PI Earnings better then expected (13.58) This stock can move
Stock Gapping up +$3 I would like to see this pop some at the open thru $16 again or more then look for topping on it then pull it back and gap fill it back to $14.50 and under then bottom curl it then look to go long, this is up quite a bit so lets see how it opens bigger the pullback and gap fill better the play for us on the long side.

4) $IMTE (SEII) SEII has some nice news this morning and IMTE is moving off that (16.82)
Stock Gapping up +$7 points, I would like to see this sell off at least to $18 and under then nibble a few long on it then look for a nice slow all day move to the upside back to Pre-Market highs thru $23+ (SEII) watch for potential move to $5.50+ if this pulls at open towards $4 and under watch for bottom curl then go long on SEII Both of these are in play and trade side by side

5) $AKCA Safety Issues and warning (21.67)
Stock Gapping down -$2 I think any pop at open will be followed by a nice sell off and fade all day long towards $17.50 and under this should get sold off all day on this saftey issues. So careful trying to long it and fill a gap, just small push then all day fader imo

6) $HTZ Earnings Miss and guides lower (22.16)
Stock Gapping down -$2 would like to see small pop at open off the $20 spot to $21+ at the open top it off then all day faderm if this yanks at all to $18-$19 would go long and bounce it then sell it off all day long

7) $CNQ Earnings Miss (35.11)
Stock Gapping down -$2 I like to see small pop at open on some short covering to $34-$34.50 then look to fade this all day back to lows, if this pulls at open hard to $32 spot look for a nice 1-2 points on the bounce. then fade it off. Harder it pulls better the bounce on it

8) $HAIN Earnings Miss (28.64)
Stock Gapping down -$2 I like to see small pop at open thru $27-$27.50 then potential on all day fader on it, if this sells off hard at open to $22-$23 look to bounce it 2-3 points then look to fade it off. They lowered guidance so this should get hurt today

9) $NVRO Earning miss………….BUT they guide still in line (92.26) Multiple downgrades lowest being $84 from Wells
Stock Gapping down -$18 I would take a few long PRE at $75-$76 and get 1-3 points possibly to $80+ at the open on some short covering or more then watch for topping and then look to fade it back down, if this yanks to $70-$71 I would long it for sure and bounce this baby nice back thru $75-$77 for nice range and money

10) $NOW Earnings Miss (176.02)
Stock Gapping down -$6 I like to see small pop at open thru $173+ followed by a nice sell off on this to $165 area or under then look to go long on it and bounce the weakness back thru $170+ more it pulls better the play. I would prefer a pop short cover then all day fader so lets see how it sets up

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Notable Calls:

$Z (ZG) Guidance miss cause of increases interest rates (55.91) Both stock trade the same both down -$5 points IMO I would nibble some long at $51 on the weakness add on dips and look for this to gap fill to $52-$53 quick before selling off an fading.

$GBT Earnings Beat (45.20) Gapping up +$1.80 imo this will pop and fade and gap fill back to $45.50 and under then look for bottom curl then look to go long for a slow all day move back to highs. Basic pop, fill the gap then LONG

$VRX Earnings Beat + Change Name (18.16) +$1.60 I like to see quick pop at open thru $20-$20.50 then look for some pullback on it to $19 and under then look for a nice slow all day move to the upside