Blue Horseshoe Stocks: GEVO Recap & More

Gevo, Inc. GEVO

We called attention to GEVO in yesterday morning’s premarket report, citing a high-profile PR in which the company announced an agreement with Alaska Airlines (>>Read PR). What resulted was a stroke of flawless timing, with the stock putting up a record performance on the day, and it put a nice cap on what has been a week of multiple great calls.

The stock started out by gapping up into the 3.50’s, and undergoing the dip we were looking for caused by impatient profit-takers, found its daily low of 3.28 and then it was off to the races! The subsequent high came in at 6.11, an unprecedented 86% intraday rip for GEVO, and it occurred on more than 40X the 3-month average trading volume.

The total increase witnessed as of this morning’s premarket high of 7.43 amounts to 126% and marks the second big-board double-bagger we called this week! (Refer to PTBI for the 1st).

The stock has peeled back into the 6.50-range so we could be in line to see another dip-and-style move from GEVO to close out the week. We’ll want to see it maintain a level of support at or above the new 200DMA of 4.90 on any pullbacks.


Tesla Motors, Inc. TSLA

We tagged TSLA in yesterday’s extended watchlist and the stock made a nice move from 220.25 to 237.48. While it translates to an intraday gain of just 8%, the spike caused some serious action in the options chain, which is where we’ll have our attention focused.

The sets of contracts that we’re going to be monitoring for potential opportunities in coming weeks will fall into the range of the 05/22 $230-240 Calls. Our interest, of course, will be predicated upon the stock maintaining support at or above the 200DMA of 227.28.

Motorola Solutions, Inc. MSI

We also want to make a preliminary mention of MSI, which we noticed flirting with levels very near to its 52-week low this week, and it has begun to exhibit signs of a bounce. It’s going to be a stock that we monitor for potential continued rebound action into next week.

Extended Watchlist:
MNGA, ICLD, WLT, RVIT, VSR

Blue Horseshoe Stocks: GEVO News, PTBI Review & More

PlasmaTech Biopharmaceuticals, Inc. PTBI

In Tuesday morning’s premarket report, we expressed our interest in PTBI based on some press, and the look of the chart. We expected to see a chance for a nice gain, but what followed has been much more impressive.

PTBI has become a multi-day runner; Tuesday’s session brought a move from 4.33-7.77, an intraday gain of 79%

Yesterday, the company came out with news of a new acquisition in the morning, and that certainly added fuel to the fire. After a gap-up we witnessed an early run from 8.71-11.15 (+28%). That high represented a two-day increase of 157% over our observed low of 4.33, and was followed by some consolidation in the afternoon leading to a close at 8.60.

The company published another press release post-market divulging details of a forthcoming private placement (Link Below), that is untraded-upon. Thus, PTBI is gapping up once again today, so we will be wary of the possibility for more price action similar to what we’ve seen so far.

Extreme Networks, Inc. EXTR

We’re going to put EXTR on our radars this week as a stock that was sent through the ringer after an analyst downgrade early last month, causing a big gap-down on the chart.

You can see it plainly on the snapshot we’ve included below. In addition, we can identify a couple of bullish indicators staring us in the face; the RSI is coming off of being oversold, while the MACD is upturned and showing divergence. The stock has been making higher highs and higher lows for two sessions running, and we’ll look for that to continue.

Gevo, Inc. GEVO

We also want to pay attention to GEVO after an interesting PR this morning that highlights an agreement with Alaska Airlines has sent the stock cruising to three-month highs in the premarket.

The chance for a dip-and-rip style play could present itself on the rebound after the profit-takers come out of the woodwork early in today’s session. For us to remain interested in GEVO, the stock will need to maintain support at or above its 50DMA of 3.23 on any pullback.

Extended Watchlist:
TSLA, BABA, QLTY, FRO, SYMX, AXPW

Blue Horseshoe Stocks: PTBI Makes Huge Run & Extended Watchlist

PlasmaTech Biopharmaceuticals, Inc. PTBI

We were on top of PTBI in yesterday morning’s premarket report, catching it off of our scanner after an interesting PR alluded to activist investor George Soros taking up a position in the company. We also identified the attractiveness of the chart, and went so far as to say: “we like its chances of making a nice run.” Our expectations were exceeded roundly, and we actually ended up seeing a terrific run!

From an early low of 4.33 the stock surged to an impressive daily high of 7.77, carving out a 79% intraday rip on the chart. For a NASDAQ-listed $4.00+ stock, that is an incredible single-session performance.

The stock is pushing to new highs here in the premarket, and has officially crossed over the 100%-gainer line in less than a 24-hour period.

Take a look at the video chart we’ve prepared outlining PTBI’s epic performance so far:

Today’s continued momentum can likely be attributed to another PR out this morning, this time referring to a new acquisition. We’d suggest our readers follow the link to that press, included below. We’ll be actively monitoring this stock as we cruise through this midweek.

Extended Watchlist:
FATE, BRDR, ICLD, PBR PWE, MGI