Blue Horseshoe Stocks: MIXX Update, New Ideas

Mix 1 Life, Inc. MIXX

Amidst a rough week for the markets, a stock that we were tracking beginning on Monday August 3rd. We caught it as a bottom-play with the stock looking extremely oversold, just having recorded new 52-week lows, and it has enjoyed a heck of a recovery since then as we suggested it might.

Our observed low on this play from last Monday was .95, and as of yesterday’s high at 3.64, we’ve officially witnessed an increase of 283% in a span of just seven sessions.

Volume has tapered off a bit, but we’re still going to want to keep MIXX on our running watchlist. While its recovery thus far has been impressive, the PPS is still just a fraction of what it was as recently as 6 weeks ago, when it was trading in the $5-range. Ideally, we’d like to see support hold at or above 3.20 on any pullbacks in order for us to remain interested.

Possible Bottom-Play

Medizone International, Inc. MZEI – Catching our eye on this relatively quiet morning is another stock that has just logged new annual lows. MZEI fell off a cliff yesterday, tumbling from .095 to just over a nickel. We’re going to slate this stock as a potential recovery play; support prior to that epic beating was in the .07-08 range, so we’ll be on the lookout for a rebound back to that region of the chart.


Possible Options Play

Direxion Daily Gold Miners Index Bull 3X Shares (NUGT) - This ETF has an options chain which is where we will look for trading opportunities, specifically in the NUGT Sept. 4th $5 Calls. Gold prices have enjoyed a steady climb for the past week; charts saw a reversal last Wednesday, and provided we witness a continuation of this precious metal’s rally, there could be some nice moves in those calls.

Extended Watchlist:
DSUS, CRGP, PPHM, SPY(Weekly $206 Calls)