Blue Horseshoe Stocks: Momentum Plays & More

 Possible Momentum Plays

We’re looking at a pair of stocks this morning that have broken out, and that we’d like to monitor on the chance that they produce sustained uptrends.

Leading Brands, Inc. LBIX - This was a fairly illiquid stock until just recently, when it broke out of a mundane pattern of low volatility and began a run into blue skies which lasted from Tuesday through Friday. We’ll stay wary of the possibility for course corrections, but a dip-and-rip scenario could definitely come into play here in coming sessions. The volatility has ramped up in a huge way, which is what we always look out for as swing traders.
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22nd Century Group Inc. XXII – In the case of XXII, the stock has traded in a fairly predictable pattern over the past few months, during which time it has formed a solid upward channel. The company also recently closed a $54M direct offering at 2.65/share. We’ll look for this one to continue to build, keeping an eye on it as we kick off a new trading week.


Walt Disney Co. DIS – Options Ideas

We also want to signal a couple of options ideas for Disney, which has a pretty nice bottom setup on the chart, trading near its lowest per-share pricing since December.

For a near-term idea, we’re going to be looking at the DIS Weekly $96-98 Calls and the DIS 11/24 $98-99 Calls in the event of an extended recovery, which seems due at any time now.


Extended Watchlist:
ABEO, CARA, CLSN, NETE, TRXC, RT, IBIO

Blue Horseshoe Stocks: INFI Review & More

Infinity Pharmaceuticals, Inc. INFI

The stock with the most notable performance from yesterday morning’s watchlist was definitely INFI, which began trending up in the premarket, and continued its climb throughout the entire session.

The stock traded up from a low of 2.44 to 3.75, which works out to an intraday rise of 54% and it came on roughly 38X its monthly average volume. An early pullback from profit taking this morning would be a likely scenario, but if INFI can find support at a higher point than yesterday’s low, from



AcelRx Pharmaceuticals, Inc. ACRX

After the FDA’s rejecion of the company’s ‘Dsuvia” opioid painkiller, ACRX took a monstrous pounding yesterday down to its lowest price in three months.

As you can see on the chart, it fell all the way down to an area of support it had established back in July. We’ll be interested to monitor this play for a bottom, which could come at any time. Moves generated by FDA news, whether positive or negative, tend to be over-exaggerated and are almost always followed by a course correction.


Inotek Pharmaceuticals Corp ITEK

Here we have an example of being extremely ‘early to the party’ as we sometimes say. We alerted on ITEK back in July, after which point it saw a low of .89. It mostly traded sideways throughout the remainder of the summer, but recently began quite an impressive climb.

This morning, the stock hit news highs of 4.15 in premarket trading on news of a proposed merger with a clinical stage gene therapy company. It may have took a few months to realize, but it works out to an increase of 366%

For an added angle going forward, we’ll also signal the ITEK 10/20 $2.50 Calls for possible daytrades and/or swing trades into next week, and the 11/17 $2.50 & $5.00 Calls for a longer term idea.


Extended Watchlist:
SONS, MARK, HSC, DPW, AKS, CLF, RIG, ATNM, MGEN

Blue Horseshoe Stocks: CASI, BYOC, HMNY Recaps

Beyond Commerce, Inc. BYOC

It was the morning of September 25th that we tagged BYOC for observation and it has essentially undergone a continual uptrend over that time period.

That morning we witnessed a low of .0035 in the stock and as of yesterday’s new high reached just prior to the close, was .0189. That amounts to a very impressive boost of 440% over a time span of just 13 trading days.


CASI Pharceuticals, Inc. CASI

We placed CASI on watch in yesterday morning’s premarket report, and wanted to come back this morning to talk about its performance. The stock ran extremely hard out of the starting gate and attainted its high within the first half hour of trading.

Despite failing to maintain its gains into the close, the run it made was impressive nonetheless. CASI’s low came in at 2.82 and it reached as high as 4.84, for an intraday pop of 92%


Helios & Matheson Analytics, Inc. HMNY

We also want to take a final look at the overall move HMNY has made for us. It appears as if its epic run is over but it brought with it one of the biggest, fastest moves we’ve ever seen in a stock in its price range.

From our observed low of 5.47 subsequent to our alert on the stock on September 20th, to yesterday’s mind-bending high of 38.86, represents a rise of 610% Congratulations to anyone who was able to take this one for a ride.


Extended Watchlist:
ONCS, ACLS, ZSAN, INFI, ARDX, CLNT, LTBR

Blue Horseshoe Stocks: New Highs for HMNY, MNKD

Helios and Matheson Analytics, Inc. HMNY

It was just yesterday morning that we were remarking on the continuously bullish tendencies of HMNY over the past few weeks since we began tracking it on September 20th.

To that point, we had seen a huge run from a low of 5.47 to 23.49, and then yesterday’s session brought another solid performance, and yet another new high. HMNY traded in a daily range from 22.75 to 28.70. That works out to a an intraday rise of 26% and an updated total on our overall observed move since 10/20 amounting to 425%


MannKind Corp. MNKD

Yesterday we were talking about some options calls we made on Friday for MNKD, the 10/20 $5.50 & $6.00 Calls, which have made some good moves, but we neglected to mention our success on the stock side itself.

A quick view of the MNKD Tag in our newsletter archive at BlueHorseshoeStocks.com shows that we’ve been consistently mentioning the stock over the past several months, and four times already since the beginning of October. Our observed low on the stock alone came in at 1.85, and yesterday’s new high for MNKD represented an overall increase of 276%

Moving back to the options side of things, those $5.50 Calls traded up from .71-1.60 (+129%) intraday, and from Friday’s low of .10, a total of 1500%¬† The $6.00′s saw a daily range .47-1.30 (+177%), and the overall move we’ve witnessed since Friday comes in at a whopping 2500%

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Fresh Options Idea:

Delta Air Lines. Inc. DAL- Not only did Delta post a Q3 earnings beat in the premarket despite taking a hit due to the recent hurricanes, but the chart is also currently headed for a Golden Cross. With that in mind, we’re going to signal the DAL Weekly $52.50-54 Calls.


Extended Watchlist:
ANY, AERI, ATHX, CASI, MLSS, IDXG, RGSE, SANP

Blue Horseshoe Stocks: HMNY, SANP Review & More

Helios and Matheson Analytics, Inc. HMNY

We began tracking HMNY closely on September 20th, and since that time it’s been nothing but blue sky breakout for the stock ever since. On that morning we observed a low of 5.47, and it’s never looked back.

To kick off the week yesterday HMNY soared to an astonishing new high of 23.49, marking a 329% increase in a span of less than three weeks. Volume has also been coming in far above anything the stock saw prior to September.


Santo Mining Corp. SANP

We decided to tag SANP in yesterday morning’s premarket report after noticing the manifestation of some unusual trading activity over the course of last week. It ended up being a solid idea to start of this week, with the stock making a very convincing move to the upside.

From a low of .0013, SANP reached as high as .0021, marking an intraday push of 62%, with the better part of a billion shares changing hands on the day. It was the third consecutive session in which the stock registered higher lows and higher highs, and we’ll be in the lookout for a continuation of that pattern.


Cleantech Solutions International, Inc. CLNT

Another inclusion in yesterday’s report was CLNT, which ran pretty hard early on in the session with the help of a PR alluding to a possible acquisition (>>View PR).

The stock made a move from a low of 5.70 to a high of 8.25- a respectable 45% pop. CLNT ultimately ended up trading an incredible 330X its monthly average volume. While it didn’t maintain at least half of its daily gains into the close, with volume like that, we’ll be sure to keep a slot on our watchlists open for CLNT.


MannKind Corp. MNKD

We saw a pullback in MNKD Friday after a solid move, and we signaled some options calls, MNKD 10/20 $5.50 & $6.00, that pullback gave a great potential entry point. This morning in the premarket, MNKD is gapping up past the $6 mark, pushing the strike prices we targeted into the money.

Its always a good idea to lock in some profits on a gap up, in case a stock decides to pull back. In the event we see do a pullback in this case, we may look to take advantage of the dip by re-entering the position.

MNKD has one of our favorite chart patterns- when the 50DMA breaks above the 200DMA, known as a “Golden Cross”. Stocks tend to breakout when this occurs so we definitely want to continue to track this idea going forward.


Extended Watchlist:
OCRX, GEVO, ABEO, KALV, CVM, ARGS, USEG