Blue Horseshoe Stocks: AMBA Recap & More

Adverum Biotechnologies, Inc. ADVM – Review

When we first brought ADVM into the mix on April 17th, the stock was trading for as little as 5.44, and it has never looked back. We updated readers on its performance a couple of weeks back, and once again this morning, we wanted to circle around to comment on the stock’s strong performance.

Yesterday, which marked the eighth consecutive stair-stepping session in which ADVM posted a higher low, it ran to a brand new high of 11.14. That works out to a total increase of 105% over the low we observed on the morning of our initial alert just over 6 weeks ago.Volume, especially over the last couple of weeks has also been exceptionally high. The stock is is blue skies, and we’re anxious to see where its ceiling will come.


Ambarella, Inc. AMBA

We tagged AMBA in yesterday morning’s premarket report ahead of the company’s quarterly earnings which came later during after market hours. Following a surprise beat, the stock has surged this morning, reaching a premarket high of 46.25. From our observed low of 38.06 that represents a respectable overnight swing of 22%

As you can see on the included chart, the MACD is headed for a bullish cross, and there’s still a large gap to the upside, so we will be tracking AMBA very closely on the heels of this development.

As an added bonus, we’re going to include an options idea for AMBA, the Weekly $42.50-44 Calls.


Extended Watchlist:
AMPG, BOX, ABIO, AEO,

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