Blue Horseshoe Stocks: PLCE Options Recap & More

The Children’s Place, Inc. PLCE – Options Review

The first thing we want to mention this morning is the performance our running options idea for PLCE that we formulated earlier in the week. We continued to stay on the trail of PLCE Weekly $70-75 Calls in yesterday’s premarket report, even after they had provided us with chances at gains ranging from 112-315% in the prior session.

Despite the $75′s being a bit too far out of the money for any notable action, the other two contracts from within our target sets performed solidly once again.

The $70 Calls traded in a daily range from 2.85-3.70, which marked an intraday rise of 30% The $72.50′s fared even better, running from a low of .65 to a high of 1.30, marking an even 100% rip and the second consecutive session wherein the stock provided the opportunity at at least a double-bagger.


Immunomedics, Inc. IMMU

We tagged IMMU for observation on Friday of last week, and since that time the stock has made an appreciable swing to the upside. Our observed low on the stock is 3.59, which gave way to a new high of 4.25 yesterday. That represents a modest yet notable 18% increase.

We’ll want to continue to monitor the activity in this play which will hold our interest moving forward, provided it can maintain support at or above its previous resistance point of 4.00 on any pullbacks.

MORRIS PLAINS, N.J., May 19, 2016 (GLOBE NEWSWIRE) — Immunomedics, Inc. (Nasdaq:IMMU) today announced that the Scientific Program Committee of the American Society of Clinical Oncology (ASCO) has selected two of the Company’s abstracts for oral presentation at two Clinical Science Symposium Sessions during their 2016 Annual Meeting, scheduled for June 3-7, 2016 at McCormick Place Convention Center in Chicago, Illinois. (>>View PR)


Global Equity International, Inc. GEQU

GEQU has proven to be a solid winner for us in the past. We recently re-tagged it at a perfect time on 11th of this month, just as it was coming off a bottom. We saw the stock  trading as low as .0123 yesterday it closed at a new high of .03, which goes down as a 144% swing.

We’ll keep our eyes on this one as well, in the event it can maintain support above the 200DMA of .0235.


Extended Watchlist:
UAMM, ASTI, NWMH, TTCM, FDIT