Tag: APP

ONP, NQ, APP & Extended Watchlist

Orient Paper, Inc. ONP
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ONP was a good pick from yesterday’s extended watchlist. We included it after after noticing that the stock was gapping up pre-market. It did so, and after touching a morning low of 2.15, we observed a move from ONP which took the price as high as 2.55. That was good for an intraday spike of 19%

This came on the heels of the company’s release of unaudited preliminary third quarter figures, which included 25% increases in both net income and earnings-per-share, and a 23.5% boost to gross profit. This is a steadily growing business that we will want to keep an eye on moving forward.

NQ Mobile, Inc. NQ

Another winner from the extended watchlist yesterday came in the form of NQ. The stock saw a daily range from 8.74 up to 12.18, and afforded us the opportunity at gains of up to 39% It seems we caught this play off of its bottom and mentioned it at just the right time.

As is generally the case when we come across such a play, today we’re on the lookout for the stock to post higher highs and higher lows to confirm an uptrend off of that bottom.

American Apparel, Inc. APP

On October 8th, we mentioned that we were watching for a bottom on an old favorite of ours, APP. It had been steadily downtrending since the beginning of August, and it seemed like the right time to re-alert the stock. Just two days later, we saw that bottom, as APP touched 1.04. After waiting patiently for just a few weeks, it seems that APP has finally begun a reversal and is now headed up once again. Yesterday APP broke through a key resistance point, the 50DMA at 1.31, and several indicators are showing strength, including the MACD, which is currently diverging, and we have an RSI which is heading straight into the power zone.

The timing here couldn’t much better, as APP has been one of our favorite retail stocks heading into the holiday season for years now. For example, last year, the stock saw a move from .90-2.40 between the months of November and April. The year before, it was from the .50-range up to 1.20. We are excited to see where this year’s retail season takes APP, especially after catching it right off of its dead bottom.

Extended Watchlist:
CYBK, S, NLST, ARIA, OXBT, MEET, BLDP

ATOS, CTIC, APP & Extended Watchlists

Atossa Genetics, Inc.  ATOS
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We tacked ATOS onto our extended watchlist yesterday morning, noting that the stock was in the midst of a “Huge gap down” and that we were “watching for a potential bounce”. Indeed that was the case, as the stock touched a low of 2.54 before a reversal carried it as high 3.18, a 25% intraday gain. As usual, when we see big gap-downs, we are looking out for quick-strike opportunities that allow us to make a rapid profit and a timely exit.We have uncovered a few other stocks fitting that profile that we will be monitoring for similar activity today:

Tower Group Intl. Ltd. TWGP

CEL-SCI Corp. CVM

Celgene Corp. CELGZ

Cell Therapeutics, Inc. CTIC
Another play from yesterday’s extended watchlist, CTIC opened at its low of day, and rumbled upward for a 23% move, closing at the high of day on nearly 12X its 3mo. average volume. In doing so, it managed to break a previous swing high at 1.80, a level we’d like to see hold as support moving forward.

We prepared the the following video chart on CTIC:

With the kind of momentum CTIC built up over the course of the day yesterday, this is one play that will be near the top of our watchlists in the near future. The catalyst here seems to be an agreement announced yesterday between the company and the FDA as outlined in the press release below.

SEATTLE, Oct. 7, 2013 /PRNewswire via COMTEX/ — Cell Therapeutics, Inc. (CTI) (NASDAQ and MTA: CTIC) today announced that the company reached agreement with the U.S. Food and Drug Administration (FDA) on a Special Protocol Assessment (SPA) for the planned pivotal Phase 3 clinical trial, known as the PERSIST-2 trial, evaluating pacritinib compared to best available therapy, including approved JAK2 inhibitors such as ruxolitinib, in patients with myelofibrosis whose platelet counts are <100,000/uL. The SPA is a written agreement between CTI and the FDA regarding the design, endpoints and planned statistical analysis approach of the trial to be used in support of a potential New Drug Application (NDA) submission. The PERSIST-2 trial is the second of two planned Phase 3 clinical trials in patients with myelofibrosis. CTI expects to initiate the PERSIST-2 clinical trial in the fourth quarter of 2013. >>> FULL STORY

American Apparel, Inc. APP

APP is another stock we have tracked for an extended period of time. We have been watching this one to sniff out a bottom for the past few months, and wanted to re-enter it into the conversation today, as that point may be drawing near. A quick peek at the chart below clearly shows just that:

Extended Watchlist:

JCP, AGEN, CBMX, NAVB, TKMR

AAPL, CTXV & Extended Watchlist

Apple, Inc. AAPL – Options
Apple surpassed the $490-mark yesterday, as we suggested it might in Friday’s newsletter. Impressive iPhone sales seem to be the catalyst here as the stock gapped up yesterday and saw a daily high of 496.91, revealing the $480-$485 Calls that we were monitoring as multi-bag gainers.

To determine our next course of action, we are going to want to watch AAPL’s attitude closely; resistance at this point appears at $498 & $500. Failure to breach those levels could result in a consolidation for which we need to be prepared.

CTX Virtual Technologies, Inc. CTXV

We have CTXV on our long-term watchlist, and while the stock is fairly illiquid at this point in time, we like the idea and business plan behind this one enough to monitor its situation going forward.

CTX manufactures a variety of mobile communication technology including basic Cell Phones, PDA’s, Smartphone’s, Printed Circuit Boards and the worlds smallest fully-functioning PC, the MISEETX. CTX also manufactures and distributes it’s proprietary 3D electronic perception technology for interactive virtual computer keyboards.

In addition to logging almost $50M in net sales for the last reporting period, the company recently received the go-ahead from BlackBerry to begin using the BlackBerry compatible logo on their VK 200 Keyfob(TM) input devices.

MORE INFO @
http://www.ctxtechnologies.com

Extended Watchlist:
EXMT, APP, GOGO, DRYS

Blue Horseshoe: APP, URBN | Retail Focus

American Apparel, Inc. APP

APP is the first of a pair of retail stocks that we are bringing to your attention today in anticipation of the end of summer and upcoming retail season. Kids going back to school, as well as the rush of holiday buying that begins each fall and lasts into winter as folks gear up to celebrate the holidays has been a source of significant opportunity for us in the past. .

In the case of APP, we have a stock that we last mentioned this past fall, with great success. We timed an alert on this play in November ’12 which coincided with the company’s Q3 financials, and were rewarded handsomely for our efforts. At the time, the stock was trading below 1.00 per share, and before winter was over, the stock price had traveled as high as 2.40.

This time, we are revisiting APP before the busy season kicks in, in an attempt to monitor for, and properly time a bottom on the current pullback which started at the end of July. A sharp eye could lead to some serious recovery-profits when we see a reversal and subsequent bounce, so we’re going to be on the lookout for that.

Urban Outfitters, Inc. URBN

In the same vein as APP, we have well-known retail clothing brand, Urban Outfitters. We are bringing this stock into today’s retail discussion as well, mentioning it for the first time.

Earlier this month, URBN gapped up significantly off of an earnings release, an event which was followed by a consolidation which partially filled that gap. Over the past two sessions, the stock has posted higher highs and higher lows, a signal of a potential turnaround, so we are going to be monitoring URBN closely heading into week’s end for a possible confirmation of an uptrend.

It’s also worth mentioning that the company announced the initiation of a share buyback program, which you can read about in the following PR:

PHILADELPHIA, August 28, 2013 – Urban Outfitters, Inc. (URBN), a leading lifestyle specialty retail company operating under the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands, today announced that its Board of Directors has authorized the repurchase of 10 million common shares under a share repurchase program. >>>FULL RELEASE

GNIN, VRNI, EDVP, REDG & Extended Watchlist

Green Innovations Ltd. GNIN

Following our afternoon followup on GNIN yesterday, it rallied to hit a high of 1.60. From Tuesday’s low of a dollar, brings our gain total to 60% With the strength of the close (1.56), we are confident that the uptrend could continue into today’s trading session.

We’d like to continue to see support hold off of the moving averages, specifically the 20DMA at 1.26, in order for us to remain interested in GNIN.  We’ve been intrigued by this play mainly for the setup on the pinching PPO, on the cusp of a cross which could occur as soon as today. For that reason, GNIN will be a focus of ours for the remainder of this week

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Virogen, Inc. VRNI

We were pleased with our bounceplay, VRNI, after it ran 25% from .0008-.001 in the morning. Following yesterday’s afternoon update, the stock continued to bounce, pulling back slightly before making a move of 29% from .0007-.0009, giving us the opportunity at intraday gains of 54%

The stock also traded record volume, to the tune 192M shares.

We’d like to continue to see support hold strong at .0006 moving forward.

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Endeavor Power Corp. EDVP

We focused on EDVP back on January 9th, and the stock was trading at around .068. We saw it pull back to as low as .045, before the stock recently ran to a high of .275. Depending on where folks got it, we’ve already seen between 304-511% in gains from EDVP in just under two month’s time.

We have a new baseline of support following that monster run at .19, which we want to see hold, moving forward. We also have a key level of resistance at the recent .275 high.

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Yesterday’s PR:

Endeavor Power Corp. Announces New CEO & Targets $14 Billion Point of Care Testing Market

CAMBRIDGE, Mass., Mar 06, 2013 (BUSINESS WIRE) — Endeavor Power Corporation (“Endeavor” or the “Company”) (OTCQB: EDVP) is pleased to announce that J. Michael Redmond has been appointed as the Company’s new CEO, President and member of the Company’s Board of Directors.

Mr. Redmond is an accomplished senior executive with wide-ranging experience and an industry veteran in the diagnostic, medical device and biotech markets. He brings over 29 years of experience in business development, licensing/acquisitions, sales management, product management and marketing management derived from his work at companies such as Abbott Laboratories Diagnostics Division, KMC Systems, Bioject and DxTech, Inc.

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Red Giant Entertainment Inc. REDG

REDG hit a new high for us yesterday of .20, and has been holding higher highs and higher lows, maintaining its uptrend. So far, the total possible gains for us stand at 167% from as low as .075 following our alert.
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Added Note:
Today we are looking at SPY Calls, with the SPY gapping up. We are paying attention to deep-in-the-money calls. Specifically the 153.50 weekly calls.

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Extended Watchlist:
APP, MCIC, SFRX, ENTB, BMSN,

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