Blue Horseshoe Stocks: Weekly Wrap-up, Fresh Ideas

Evoke Pharma, Inc. EVOK

Leading into yesterday’s session, some people might have looked at a gapped-down, backsliding, new 52-week low play like EVOK, and dismissed it out of hand. Those people would have missed out on the prime opportunity we provided our readers in tagging the stock for observation in yesterday’s premarket report.

Whenever we see a stock showing any indication of bounce activity off of an annual low, it puts us on high alert, and plays like EVOK are the reason for that. The stock traded in a range from 2.51 up to 3.28, a solid single-session swing amounting to 31% and it appears as if the massive gap on the chart beginning at 3.50 is already in the process of being filled, with the stock trading as high as 3.70 in early trading this morning.

We want to see the premarket low of 3.15 hold as support on any pullbacks in order to sustain our immediate interest in EVOK.

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Added Notes:
Tokai Pharmaceuticals. Inc. TKAI and CytRx Corp. CYTR – These plays are currently boasting charts that are incredibly similar to the situation we found EVOK in yesterday, with major gap-downs leading to new lows, with a hint of bounce activity in yesterday’s session. We’re going to place these stocks on alert this morning as well.


Tempur Sealy International, Inc. TPX – Options Idea

Yesterday, as we caught TPX coming off of an earnings beat, we wanted to put a range of call contracts on watch to leverage the expected subsequent activity to our advantage. Due to the fact that there were no weekly calls to track, we submitted a longer-term set of contracts, yet the gain opportunities were immediate.

Our target calls, the TPX 08/19 $70-80 Calls, all made appreciable moves on the day:

$70 Calls – Range: 3.00-5.40 – Max Gain: 80%
$75 Calls – Range:  .90-1.96 – Max Gain: 118%
$80 Calls – Range: .25-.40 – Max Gain: 60%

We’ll continue to monitr these plays in the week ahead leading into their expiration.

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Fresh Idea:
Expert traders may want to take a look at AMZN Weekly $762.50-770 Calls for potential daytrades today on the heels of yesterday’s post-market earnings beat.


North Springs Resources Corp. NSRS

NSRS was also an item of interest from yesterday’s report, having been entered into the extended watchlist as a potential bottom-bouncer. We got just the type of rebound we were after, as the stock traded up from a low of .033 to a high of .043. That was good for a nice 30% gain opportunity, and the stock will remain on our radar provided it can continue to build a higher base level of support off of its bottom.


Extended Watchlist:
DNRG, SING, VHUB, SPHS, SPU, MCRB(Watching for Bottom)

Blue Horseshoe Stocks: BTCS Recap, EVOK & More

BTCS, Inc. BTCS

We caught BTCS on a routine scan yesterday morning after noticing some abnormal activity from the session prior. Our timing ended up being extremely fortuitous, with the stock making quite an impressive morning run.

From a low of .0013, it surged up as high as .0024 just prior to midday, for a healthy pop of 85% on almost ten times the three-month average volume. If BTCS can hold support at or above yesterday’s swing low, we’ll continue to be interested in the possibilities it may provide.


Evoke Pharma, Inc. EVOK

EVOK is another fresh play that we’re taking a look at for the first time this morning. The stock has recently fallen off of a cliff, as we’ve pointed out on the annotated chart below. Beginning with a massive gap-down earlier this month, followed by several sessions of backsliding which culminated in a new 52-week low (1.52) being set on Monday.

Yesterday’s bottom-bounce activity is what has us on alert. The stock is heavily oversold, and could be in line for a substantial rebound. We’ll want to be hanging around when that occurs, because even a return to the bottom of the chart gap at 3.50, from current levels, would spell an opportunity for significant gains.


Tempur Sealy International, Inc. TPX – Options Idea

TPX is fresh off an earnings beat this morning which has it gapping up into the $70-range. We’re going to signal a range of longer-term options ideas for us to track in the days and weeks to come. Our area of interest here is going to be the TPX 08/19 $70-80 Calls, giving us just over three weeks’ time to see a continued PPS recovery. 


Extended Watchlist:
SOULD, GYST, GRPN, EBIO, EPRS, WEYL
 NSRS(Potential Bottom Bouncer)

Blue Horseshoe Stocks: NEWC News Alert & More


New Columbia Resources, Inc NEWC

We’re circling back around to NEWC this morning on the heels of an untraded upon press release that just hit the wires. It pertains to the expansion of the cannabis side of the NEWC business, which will look to expand its hemp growing operations to zones that were previously out of the question prior to the recent ceasefire which has essentially ended 5 decades of internal hostilities in the South American nation.

BARRANQUILLA, COLOMBIA–(Marketwired – Jul 27, 2016) – New Colombia Resources, Inc. ( OTC PINK : NEWC ), a Colombian company listed in the U.S., is pleased to announce that Sannabis SAS, their Medical Marijuana joint venture, will work with CORPROPAZ to develop hemp fields in 5 different areas of Colombia for a pilot program to create new hemp industries in post conflict zones. (>> FULL PR)

We’ve also prepared a video highlighting the various aspects of the NEWC Chart, whiich we suggest you check out now!

Additionally, if you missed our initial in-depth report on NEWC, or the exclusive video interview we conducted with company president John Campo, we urge you to check those out as well.

NEWC Report

NEWC Executive Interview



More Updates:

Sophiris Bio, Inc. SPHS

We’ve been tracking SPHS all week so far, and have been met with a good opportunity for some quick profits. Subsequent to our mention in Monday’s report, we’d witness a low of 4.92 in the stock, followed by a 22% run to 5.98. Then yesterday, it held support at 5.88 as it came down slightly before jumping up to a new high of 8.55, which also happens to be the stock’s new 52-week high.

It marked an intraday run of 45% and a two-day upswing of 74% over our observed low from Monday.

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Weyland Tech, Inc. WEYL

We tagged this play on Friday (Low of 2.10), and then again in yesterday’s newsletter, and the performance we’ve seen thus far has been respectable.

Yesterday WEYL traded up from a daily low of 2.17 to a high of 2.80, representing a daily run of 29%, and an overall increase of 33% from Friday’s low.
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Exact Sciences Corp. EXAS

We also had EXAS in yesterday’s report, and the stock made a modest move of 20% from a low of 14.57-17.47. Not the magnitude of gains that we typically hope for, but considering the price range, a 20% intraday pop is nothing to sneeze at.



Texas Instruments, Inc. TXN – Options Update

We signaled a range of calls in the TXN options chain yesterday morning to correspond with the company’s earnings beat, and the chances it churned out were very nice. We highlighted the TXN Weekly $70-72 Calls and every set contained within provided a shot to make gains of 500% or more! It also yielded our third and fourth options ideas of the past week that have yielded gains of over 1000%

The potential single-session profits were as follows:

$70 Calls – Range: .10-1.96 – Max Gain: 1860%
$70.50 Calls – Range: .32-2.00 – Max Gain: 525%
$71 Calls – Range: .15-1.30 – Max Gain: 767%
$71.50 Calls – Range: .11-1.00 – Max Gain: 810%
$72 Calls – Range: .06-.70 – Max Gain: 1067%

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Fresh Options Idea: AAPL Weekly $102-105 Calls



Extended Watchlist:
TPIY, KBLB, BTCS, SQNM, BIND, BIOD, WOOF

Blue Horseshoe Stocks: New Stock and Options Ideas

Yesterday’s Runners:

BioNovelus, Inc. ONOV -In April ONOV, back when the stock was trading in the subpenny range. (.006) We’ve been hot on its trail since then, and the PPS rise has been absolutely exponential. We included it in yesterday morning’s watchlist, and it responded with yet another solid intraday performance ( .51-.715, +40%), while setting an eye-popping new high that extended our observed range to ridiculous proportions. From the low we witnessed subsequent to our first mention of ONOV this spring, the stock has exploded to a dizzying 11,817%

A paltry $100 flyer taken on the company at its low, would have been worth upwards of $11,916 at yesterday’s peak pricing!
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SkyPeople Fruit Juice, Inc. SPU -  SPU has been on its eye opening run almost the entire time we’ve been tracking it since the Friday before last. We witnessed shares changing hands at 4.00 that day, and yesterday marked the sixth consecutive session that the stock achieved a new high.

This time the intraday run carried it 30% from 16.16, all the way up to 20.95. It represented a total increase of 424% that we’ve observed in just over a week, during which time we’ve tried to make certain all of our readers were aware of the situation. We’ve now mentioned the stock five times in that span.
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Sophiris Bio, Inc. SPHS – The daily run we saw here was modest, but still notable. SPHS traded up from 4.92 to 5.98; an intraday upswing of 22%


Tianyin Pharmaceutical, Inc. TPIY

We took notice of TPIY yesterday when the stock broke through a key prior resistance point at .0295, along with a breach of the 50DMA (.02). We want to see those both hold as support on any pullbacks, with .04 being the next key resistance we would like to see broken.


Texas Instruments, Inc. TXN – Options Idea

In the wake of an untraded-upon post-market earnings beat for Texas Instruments yesterday, we’re going to be focusing in on a range of call contracts to potentially take advantage of any upward momentum the stock should encounter this week as a result. Our target range is going to include the TXN Weekly $70-72 Calls.


Extended Watchlist:
WEYL, EXAS, ARNI,
AVRN, ARPJ(Bottom-Watchers)

Blue Horseshoe Stocks: SPU Continues Epic Run & More

SkyPeople Fruit Juice, Inc. SPU

Since we tagged SPU in our morning report the Friday before last, the stock has done nothing but break into blue skies. The first day we caught it at a low of 4.00 and its performance since has been nothing short of incredible, with Friday being the fifth consecutive session it recorded higher lows and higher highs.

On Friday, we were remarking about just that, and mentioned that based on premarket activity, we thought SPU could be in line for another solid session despite having reached overbought status.

Our instincts proved reliable, as SPU once set a new high for us, running  24% intraday from 11.54 to 14.29, before closing with strength at 14.25. The new high represented an total increase of 257% over our observed low from just a week earlier! Congrats to anyone who was along for this epic ride!


QUALCOMM, Inc. QCOM – We’ve also got some updated figures on the QCOM Calls we began tracking on Thursday. The QCOM Weekly $58-61 Calls, despite having already brought us chances for gains ranging from 79% up to 575% that day, still produced further opportunities on Friday.

Astonishingly, some of the single-session gains we observed actually made Thursday’s opportunities seem small by comparison!

$58 Calls – Range: 2.10-3.14 – Max Gain: 49%
$58.50 Calls – Range: 1.49-2.63 – Max Gain: 97%
$59 Calls – Range: 1.03-2.16 – Max Gain: 77%
$59.50 Calls – Range: .53-1.60 – Max Gain: 202%
$60 Calls – Range: .15-1.18 – Max Gain: 687%
$60.50 Calls – Range: .05-.56 – Max Gain: 1020%
$61 Calls – Range: .01-.21 – Max Gain: 2000%


Universal Apparel & Textile Co. DKGR

DKGR was an inclusion in Friday’s watchlist, and it saw a modest yet solid intraday upswing. It ran from a low of .036 to .048 for a gain of 33% which came on slightly over twice the average monthly trading volume.

We’ll keep an eye skinned for further activity as the stock maintained more than half its daily advance into the close at .045.


Golden Cross Watch:

We are going to be monitoring both  Anavex, Inc. AVXL and Kopin Corp. KOPN in sessions to come, as both chart appear to be working toward the possibility of a Golden Cross.


Extended Watchlist:
UATG, ONOV, ATHX, GLNG, BLIN, SPHS