June, 2017 | Blue Horseshoe Stocks

Blue Horseshoe Stocks: SPEX, Options Recaps & More

Spherix Corp. SPEX

After initially signaling our interest in SPEX on June 20th, we’ve seen quite a run out of the stock as its gone from a low of .9505, and streaked to new highs this week.

SPEX gained some good ground on Wednesday, and yesterday morning we urged readers to look out for a momentum continuation– that’s precisely what came to pass. From daily low of 2.83 the stock streaked to 4.75. That went down as an intraday push of 68% and a total increase since we’ve been tracking this play amounting to a whopping 400% in barely a week’s time.

Volume remained strong, with SPEX trading more than 40X the monthly average volume on the day. We’ll want to see it continue to build higher base levels of support and hopefully continue to push the upper envelope.

CHF Solutions, Inc. CHFS

Also tagged in yesterday’s premarket report was CHFS, and it too made a pretty good move on the day. Volume was just dribbling in over the course of the morning, but shortly after lunch hour, the stock sprung into action.

From a low of .70 it reached as high as 1.08, which represents a 54% intraday pop. Our observed increase has been extended this morning as well, with premarket trading carrying CHFS even higher. Given the fact that this move was catalyzed by an FDA approval notice, we wouldn’t be surprised at all to see this blossom into a multi-day runner.

Chicago Bridge & Iron Co. CBI – Options Update

On Wednesday morning, we highlight a range of contracts in the CBI chain that we were interested in tracking, the CBI Weekly $20-22 Calls. As happens more often than not when we set our sights on an options play, every single contract has been good for sizable gains since our alert.

$20 Calls – Range: .75-1.90 – Max Gain: 153%
$20.50 Calls – Range: .38-1.30 – Max Gain: 242%
$21 Calls – Range: .25-1.22 – Max Gain: 388%
$21.50 Calls – Range: .20-.80 – Max Gain: 300%
$22 Calls – Range: .11-.55 – Max Gain: 400%

____

Fresh Options Idea: Nike, inc. NKE 07/07 $55.50-57 Calls

Extended Watchlist:
PIXY, SKLN, DPW, FSC HAIN, ITKG. OMER

Blue Horseshoe Stocks: Reviewing June Winners & More

Moleculin Biotech, Inc. MBRX

We wanted to circle back for an update on MBRX this morning, a stock that we signaled on June 21st, after noticing some abnormal activity the session prior.

Shortly thereafter we would witness a low of .96 in the stock, from which it would never look back. MBRX has been on a multi-day tear, with things really heating up yesterday. It ripped its way to a new high of 3.38, on more than 16 times the monthly average volume. That represents a total rise of 252%

We’ll continue to stay hot on the trail of MBRX for as long as it continues to build higher base levels of support.

Spherix Corp. SPEX

The day before the above-mentioned play, on June 20th, we highlighted SPEX after noticing the stock trading near a bottom, and it has been one heck of a ride since that time. We’ve seen this play run from a low of .9505 all the way up to 2.23.

The bulk of that move came in yesterday’s session wherein the stock also traded massive volume, so we’ll be on the lookout for a possible momentum spillover as we head into week’s end.

TrovaGene Inc. TROV

It was back on June 12th that we initially slated TROV for observation. The stock had been trending up off of recent relative lows since the beginning of this month.

Subsequent to our alert, we would witness a low of .85 in the stock and despite some swing-action, TROV has been in a general uptrend ever since.. As of the new high achieved in this morning’s premarket (1.60) it marks an increase of 88%

Constellation Brands, Inc. STZ – Options Idea

We’ve used the STZ optuions chain to our advantage in the past. The most recent occasion was last April, when we scored multibag gains with $155 Calls. The stock has been in serious growth-mode since then, and with a hearty, untraded-upon Q1 earnings beat this morning, we want to signal a range of contracts to watch once again.

The stock is gapping up to the $200-range today, and we’re going to be waiting in the wings with the STZ 07/21 $190-210 Calls.

Extended Watchlist:
GRPN, CHFS, SPLS, IMNP, LODE, INNMF

Blue Horseshoe Stocks: DXTR, Options Recaps & More

Dextera Surgical, Inc. DXTR

Among our extended watchlist plays slated for observation in yesterday’s premarket report, was DXTR, a stock that we intially tagged on June 1st, and in which we witnessed a subsequent low of .1745. We included a second reminder on June 12th, and of course once again yesterday morning.

Yesterday the stock put up a fine intraday performance en route to setting new highs for us. From its daily low of .275, it ran as high as .3855, which comes out to a 40% jump. From our original low earlier this month, DXTR has risen 121% Volume over the past week has picked up considerably, and yesterday the stock traded more than five times its monthly average volume.

It also held more than half of its daily gains on that volume. In such instances, we always lookout for a continuation of momentum into the ensuing session.

Darden Restaurants, Inc. DRI – Options Idea

In the wake of a hearty earnings beat on DRI, whose chains include Olive Garden, Red Lobster and LongHorn Steakhouse among others, we focused on some options ideas, the DRI 07/21 $90-97.50 Calls.

While the moves weren’t quite on the level of many of our options calls, which often yield percentage gains in the hundreds and thousands, there’s still plenty of time before expiration and all the contracts in our observed range got off to a solid start.

$90 Calls – Range: 3.40-5.70 – Max Gain: 68%
$92.50 Calls – Range: 1.94-3.50 – Max Gain: 80%
$95 Calls – Range: 1.02-1.95 – Max Gain: 91%
$97.50 Calls – Range: .52-.94 – Max Gain: 81%

As we pointed out, these contracts don’t expire for a few weeks, so we’ll continue to keep an eye out for further activity in DRI.

_____

Fresh Options Idea: Chicago Bridge & Iron Co. CBI Weekly $20-22 Calls

Sophiris Bio, Inc. SPHS – Update

We want to keep SPHS on watch as well. We tagged this as a bottom play on Monday, and it has since made a modest move from a low of 2.07 to 2.41. While it just works out to a nominal gain of 16% so far, we’ll remain interested for as long as it maintains its new trend of recording higher highs and higher lows as it has each day this week.

Extended Watchlist:
ALQA, IDXG, ITKG, ANY, NVIV, HUSA