Author: BHS

Blue Horseshoe Stocks: APP, BLDP & Extended Watchlist

American Apparel, Inc. APP

APP has continued to please us with its performance at every turn since we brought it back to our reports on Tuesday of last week at a low of .47.

We saw it run 47% to .6895 on Wednesday, and yesterday, after tagging the play once again, it pushed it limits further, making an intraday move of 24% from its daily low of .66 up to .8157.

So, in only eight sessions since we turned our attention back to APP, it has achieved an overall increase of as much as 74% (.47-.8157). Cheers go out to anyone who pounced on the opportunities provided by APP this week.

Ballard Power Systems, Inc. BLDP

For over a year we’ve been tracking BLDP, and have seen some impressive trading action in that time. The stock traveled from under 1.30 toward the end of 2013, and ran as high as 8.38 in March.

After a consolidation period, wherein the stock has come down to find support at 3.41, we are beginning to like the lok of the chart once again.

Yesterday’s high of 4.13 was just shy of the 50DMA (4.14), and BLDP is now trading above the 50DMA in the pre-market. Additionally, the MACD indicator is presently coverging toward a bullish cross.

VANCOUVER, April 24, 2014 /PRNewswire/ – Ballard Power Systems (BLDP)(BLD.TO) today announced that it has acquired the transportation- and stationary-related fuel cell intellectual property (IP) assets of United Technologies Corporation (“UTC”, NYSE: UTX). These assets consist of approximately 800 patents and patent applications, as well as patent licenses, invention disclosures and know-how primarily related to Proton Exchange Membrane (PEM) fuel cell technology. >>> FULL PR

Extended Watchlist:
VDSI, TAST, HILL, OREX, LSCC, GBGM(Watching for bottom)

Blue Horseshoe Stocks: APP, ZGNX & Extended Watchlist

American Apparel, Inc. APP

April 15th was the day we brought APP back into the conversation, because if you recall, this is one of our old-time favorites that we turn to around the same time every year for the predictability of its seasonal trading patterns.

Right off the bat, APP did not disappoint- that day we saw a low of .47, and on Tuesday, the stock reached as high as .6895, marking a positive move on the chart of 47% in only a week.

After the resistance at the 50DMA (.68) the next hurdles come at .80, .91, and 1.05. We’ll be continuously monitoring this play over the next several months as it tends to ramp up in price over the course of the summer heading into the height of the retail season.

Zogenix, Inc. ZGNX

ZGNX is a stock that is catching our eye due to the current setup of the chart. If you track back to November, you can see that the stock ran from its current levels to more than 5.00 by February.

We are looking at it now, as it is coming off of a recent bottom, and is gapping up this morning in pre-market activity (Currently trading over $3.00). The RSI is in a general uptrend, and a quick look at the MACD reveals an extremely bullish divergence on the heels of a recent cross.

We just want to throw ZGNX up on our radars at this point, because a return to February highs would mean potential gains approaching 70% from current levels.

Extended Watchlist:
INFN, ZGNX, CLSN, KOOL, IBIO,

Blue Horseshoe Stocks: GBGM Report

Global Gaming Network, Inc. GBGM

As promised, we have a new interest today, and it’s Global Gaming Network, Inc. (GBGM). The company is self-billed as a developer, distributor and aggregator of businesses operating in the mobile and online content and distribution industries, with a focus on entertainment and sports.

It’s been awhile since we turned our attention to the mobile gaming market space, and the sector continues to grow in popularity. Smartphone use and mobile gaming has become ubiquitous in the daily lives of people all around the world, and has permeated virtually every demographic.

GBGM is the proprietor of SportsAlert.com, which is one of the leading providers of mobile score data independent of the major sports networks themselves. People can sign up to receive score updates via text from any of the four major pro sports in the U.S. (NFL, NHL, MLB, NBA), in addition to College Basketball, Football, and even Baseball.

The service is free, and for those who aren’t always on the go, SportsAlert also has an optional Windows gadget, and a Facebook application, which we think is a cool feature.

Perhaps the most unique aspect of SportsAlert is the ability to obtain on-demand score updates by texting the league and team name. For example, a user can text “nfl vikings”, and receive an instant update on the score of the Minnesota Vikings game, and so on for any sport or team.

SportsAlert.com is just one of the irons that GBGM has in the fire; Last month, the company successfully launched a fantasy-style game that took advantage of the rising popularity of the NCAA March Madness college basketball tournament, and the fact that people enjoy creating their own brackets in an attempt to pick the winners. >> Read the Release

Powered by Loodo’s entertainment-based customer engagement app, GBGM launched the Amped Fantasy NCAA Men’s Basketball Tournament Game in more than 200 bars across the country. We’ll be anxious to see what other games and apps the company might roll out in the future.

Also drawing our interest is the current set-up of the GBGM chart:

As you can see on the annotated chart we prepared, the RSI is currently indicating that GBGM coming off of being oversold. You can also see the notable moves the stock has made recently, including one that spanned from August to December, and covered an increase of 1880%

It’s just coming off of finding support at .0014 in its most recent swing cycle, and the MACD is currently crossing to the bullish side, so we could be coming across GBGM at just the right time to allow us to get in on the next upswing.

For more information, you can view this Video Profile of GBGM we commissioned, as well as following the links below.

Relevant Links:
SportsAlert.com
AmpedFantasy.com
GlobalGamingNetwork.net