Skip to main content

1) $NEWA BOOOOMMMM (9.26) would be a buyer at the $10 level and under
Stock Gapping up +6 then down to $10 spot then look for this to hit maybe $12-$13 at the open if this flags and pops this could hit $15 again. I will be watching to see if this yanks hard at all at the open to $10 and under again. Keep in mind they have done this 3 times this year and always bounce back so keep an eye if this breaks out to the upside

2) $BITA Earnings Beat (20.86)
Stock Gapping up +$3 most of the time $BITA tends to fill there gaps on earnings or upgrades, too many bag holders so look for a yank to $21.50 and under then bottom curl it then look to go long a few, if this pops at all on short squeeze to $24-$25 I would scale in short and fade this back down for 2-3 points

3) $GT Getting hit on $CTTAT guidance being lowered (24.71)
Stock Gapping down -$2 I would take some LONG at $23 level and look for this to gap fill back to $24.25 area or more then look to fade it, if this yanks at the open hard to $22 area I am a buyer on the 2 point bounce on it.

4) $RRGB Earnings Miss (40.20)
Stock Gapping down -$1.50 I like to see this pull at open to $37 area or under and we play a 2 point bounce on it then short it, if this pops at open to $39.50-$40 go let it pop then scale in short for an all day fader on it.

5) $LZB Earnings Beat (33.10)
Stock Gapping up +6.50 took some short at $39 will give it room to $40-$41 at the open nice beat on $LZB BUT they do tend to give up their gains on profit taking, a lot of bag holders on this stock so I am looking for a move to $35-$36 and under then I would consider going long. We will see how it ends up, higher it pops in my opinion better the fade for us

6) $MYGN Earnings beat (42.84)
Stock Gapping up +$1 I would nibble some long at $43.10 and under and look for this to possibly hit $45 or more today, seen multiple upgrades and they raised there FY 19 quite a bit on guidance so this should run to $44-$45 easily today so watch for the set up

7) $MOMO Earnings Beat (40.49)
Stock Gapping up +$3 I like to see this pop at open on short squeeze to $44-$45 area then watch for topping on it then look to fade it 2-3 points to the downside, if this yanks at the open on profit taking to $41.50 and under look to go long on it for a nice 2-4 points move to the upside

8) $URBN Earnings Beat Multiple upgrades across the board to $55+ (47.74)
Stock gapping up +$3 I like to see this rip at the open towards $51-$52 then watch for topping on it then look to gap fill this back down to $48-$49 and under then bottom curl it then go long, if this yanks at the open to $48-$49 go LONG and build a position should hit $51-$52+

9) $EXAS Ripping on PFE agreement through 2021 to promote Cologuard (50.05)
Stock Gapping up +$12 I like to fade this today to $55 and under on this news, so imo if this pops at open on short squeeze let it rip but in the end if this breaks $59 this will and should sell off all day to $55 and under, this is great news but were talking 3-4 years away on co-promoting

10) $TGT HUGE Earnings beat like $WMT (83.27)
Stock Gapping up +6 look for this to move towards a slow $90 today or more, if this pops at open to $90 scale in some short and take it down to $85.50 or under on profit taking, imo this should stay up most of the day but I think we can get a few points on it to the downside

_____________________________________________________________________________________
Notable Calls:

$ARGX collaboration ABBV of its exclusive option to develop and commercialize ARGX-115 (87.55) I like the news traders think this will pop a little more at the open maybe we see $93+ then scale in short an gap fill it back down to $88.50 and under, I like the short side of the trade on this gap up so look for it to start pulling at the open

$SMCI getting hit this morning on not meeting nasdaq requirements (18.35) Gapping down -$5 like to see this yank at the open again towards $12-$13 spot watch for bottom curl then look to go long on it for a nice 2-3 point bounce, if this pops at open chase a few at $14 level should hit $16 on a rush then fade off. Either way this is a play for us

$APPN yesterdays $35.10 2 million offering (33.35) took a few long this morning at $33.30 will add on dips

 

Copyright © 2018 by AwesomeCalls LLC
No part of this content may be reproduced, distributed, or transmitted in any form or by any means without the prior written permission of the publisher. Full legal action will be taken. ALL RIGHTS RESERVED.