Blue Horseshoe Stocks: FLST Update & New Bottom Play

Fuelstream, Inc. FLST

After we caught FLST and put it on watch as a bottom play yesterday, the stock offered up a chance at modest gains on an 29% intraday swing that took it from .0045 to .0058.

FLST managed to make higher highs and higher lows on Thursday, a good sign that it could be on its way to a more significant move. Should it achieve the same feat today, it could end up being a play that follow into next week.

Remember, we indicated the tight share structure on FLST yesterday, meaning that a relatively small amount of buying pressure could lead to a substantial increase.

The company also launched a new website yesterday. You can obtain more information there at www.thefuelstream.com.

Imperva, Inc. IMPV

We’ve got a new interest to bring forth this morning as well suggested to us by one of our faithful readers (Thanks for your input, D.J.!) The IMPV chart, which is coming off of its 52-week low, could be getting in in position to become a good recovery play. We’ve taken advantage of stocks coming off of annual lows several times in the past, so many of you know just how plentiful the chances for gains can be.

In the case of IMPV, as you can see on the chart we’ve included here, there are several aspects that would seem to indicate that a serious bounce could be in the making. The RSI is in heavily oversold territory, and in addition to a MACD that is just itching to make a bullish cross, there is a huge gap on the chart, the filling of which would lead to serious gains.

In addition to the possibility of using a rebound to profit on a big-board stock, we also like to explore the possibilities offered by the options chain. Presently we are looking at the Jun 21 and Sep 20 $30 Calls. The June’s closed at .60, and the September’s closed at 1.75 yesterday. Stay tuned, as we’re likely to be tracking this new play for quite some time.

Extended Watchlist:
BTCS, RXII, CYTR, EQU, SKUL, KCG

Blue Horseshoe Stocks: GBGM & Fresh News Plays

Global Gaming Network, Inc. GBGM

After undergoing consolidation in recent sessions, GBGM has made its way down to find support at .0012, where it has begun to bounce.

This is a stock that was trading over half a penny as recently as late March, so we’ll want to stay open to the possibility that a bounceback from these low levels could produce notable gains.

The RSI is currently looking extremely oversold, while accumulation and distribution is on a steady upswing, so we believe that monitoring this play for a possible recovery could yield results in upcoming sessions.

Today, following the stock’s first green candle in six trading days, we’ll be on the lookout for GBGM to make higher lows and higher highs, which would confirm that it has begun to trend off of its bottom.

Fresh News Plays

The following stocks have news out this morning, that we felt was worthy of passing along:

Merrimack Pharmceuticals, Inc. MACK

We’ve highlighted MACK in the past, and were pleased to see that company has come out with news today outlining the positive clinical progress of its pancreatic cancer treatment trials, as well as releasing its Q1 financials, and filing an 8-K. We’ll provide links to all of these developments here:

Fuelstream, Inc. FLST

In addition to this morning’s news, FLST boasts a tight share structure (updated recently), and is currently trading near a bottom on on the chart. A turnaround from here could get really interesting, so we’ll be anxious to see how this play responds in coming sessions.

SUNRISE, FL–(Marketwired – May 1, 2014) – Fuelstream, Inc. (OTCQB: FLST) (“Fuelstream” or the “Company”), a international reseller of Aviation Jet fuel, is pleased to announce the official launch of a new website that will allow clients to access fuel pricing and other information on a real-time basis. >>> FULL PR

Extended Watchlist:
GLUU, RAD, S, JBLU, LIVE, ADXS

Blue Horseshoe Stocks: ACGX News Out


Alliance Creative Group, Inc. ACGX

Between this morning’s news, and the current state of the ACGX chart, we figured it was time to revisit this play. The stock has been under consolidation since the exceptional gains it has provided for us over the past couple of weeks, although it has held a decent level of support.

For those who don’t recall the specifics- We first alerted ACGX on April 16th (.0055), were rewarded with a run up to .011 (100% Gain), followed by a dip to the .0075 area, and a subsequent 25% move back up to .01.

As we stated above, the chart is in another consolidation pattern, so now is the time where we observe very closely for any signs of a reversal. As you can see on the annotated chart below, we’re looking to see support hold here at .0077. Should that not occur, we’ll need ACGX to hold support above our initial alert price.

This morning’s news is intriguing, outlining the company’s intent to cater to the rapidly-expanding marijuana sector, and service its printing and packaging needs. With all the new pot-related businesses that are springing up, surely there will be a great need for branding, and top-quality product presentation is one of the cornerstones in that area. The upcoming Cannabis Investor Conference in Denver will be an excellent litmus test for ACGX’s potential in the popular market space, as a multitude of legal and medical marijuana entities will be in attendance.

CHICAGO, IL–(Marketwired – April 30, 2014) – Alliance Creative Group, Inc. (ACGX) (www.AllianceCreativeGroup.com), is pleased to announce that it will be the Official Printing and Packaging Sponsor along with being a Presenter for the 1st Annual Cannabis Investor Conference in Denver, Colorado at the Denver Downtown Westin Hotel on June 29th to July 1st, 2014. The conference will connect privately held and publicly traded companies in the cannabis industry with industry investors, analysts, and tobacco companies and will include presentations, industry keynote speakers, panel discussions and one-on-one meetings. >>> FULL PR

The conference will be held just prior to Washington State’s planned start to legal recreational sales (Currently slated for July), so it gives us the impression that the sector as a whole could undergo a revitalization this summer, and ACGX could find itself reaping some of the benefits.

Extended Watchlist:
PTEK, SGYP, RFMD, ZA, ASTI, GFIG