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
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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
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