APP Archives - Page 6 of 10 - Blue Horseshoe Stocks

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: ACGX Hits New High & Special Reminder

Alliance Creative Group, Inc. ACGX
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Despite the fact that ACGX has been appearing continuously in our daily reports since we brought it to readers at a low of .0055 last Wednesday, April 16th,we’re fairly certain that no one is getting tired of hearing about it.

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We certainly aren’t tired of reaping the rewards of what has been an extremely productive stock over the past few sessions. Prior to yesterday, we had seen the big 91% run from the low up to .0105 ( *Please excuse our error in yesterday’s report where we accidentally published .105 as the high), as well as some rapid swings and chances for dip-and-rip style plays that added up to a cumulative total of 59% on Thursday.

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Yesterday, after coming down to trade at a low of .0091, ACGX ran 21% intraday, once again busting through the penny barrier and touching a new high for us, peaking at .011, an even 100% increase from the low of just three sessions ago.

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Congratulations are again in order for anyone who has been following ACGX to substantial and repeated gains. The saving grace with this rare OTC gem is the fact that it boasts solid fundamentals, as your own personal due diligence will certainly confirm.

We’ll continue to keep everyone updated on this stock, which has turned into one of our most exciting and rewarding plays this year outside of the cannabis sector.

Link to Yesterday’s PR: Alliance Creative Group (ACGX) Surpasses $3,200,000 in Revenue and Over $275,000 in Net Income for Q1 2014 (Apr 21)

ACGX Wesbite: www.alliancecreativegroup.com

American Apparel, Inc. APP

We re-introduced APP to our reports on April 15th, as “more of a long-term watchlist item that we like to continuously monitor for opportunities over extended periods of time.”

The stock was trading sideways off of support at its bottom at the time, and has since begun to come up to fill the gaps that we pointed out on the chart that day.

APP is currently trading up 5% pre-market, at .56, and if it can fill the gap all the way to .58 and surpass it, the next key resistance point comes at .60.

So we just wanted to reiterate our interest in APP as it recovers off of its bottom and we head into the summer months, which serve as a precursor to the busy retail season.

SPECIAL REMINDER:

We’ve got another new pick coming tomorrow morning, so make sure to monitor your inbox pre-market, or stop by the Blue Horseshoe Stocks blog just prior to the opening bell so you don’t miss out!

Extended Watchlist:
MTG, RSH, CTIC, NEPT, CTIC

Blue Horseshoe Stocks: WAVX, APP, HEMP & Extended Watchlist

Wave Systems Corp. WAVX

WAVX hits our radar this morning as a fresh news play that is currently gapping up in pre-market trading. It will be worth putting this one on our radar in the event that the stock continues to run. The news is regarding a collaboration between WAVX, and Micron Technology, Inc. (Nasdaq:MU).

BOISE, Idaho and LEE, Mass., April 15, 2014 (GLOBE NEWSWIRE) — Micron Technology, Inc. (MU), a global leader in advanced semiconductor systems, and Wave Systems Corp. (WAVX), a leading provider of endpoint security, today announced they are expanding their relationship to develop solutions designed to strengthen user protection against current and emerging threats to compute and embedded platforms. >> FULL PR

American Apparel, Inc. APP

Now is the time of year when we begin speculating on the positioning of APP; our coverage of this stock goes back to 2011. Traditionally this stock performs well heading into the heavy retail season which lasts from summer through the holidays.

The stock has recently come down to a relative low just below the fifty-cent mark, and has a gap on the chart (as you can see below) to .58.

As is usually the case when we bring this play into the conversation, this is more of a long-term watchlist item that we like to continuously monitor for opportunities over extended periods of time.

Hemp, Inc. HEMP

On the heels of its announcement of record-setting revenues, HEMP made a significant move after we featured it in yesterday’s morning report.

After opening up at .085, the stock rapidly shot up roughly 18% to a dime, before running into resistance. We’d like to see the stock hold support at or above the .075 range to keep things interesting.

Extended Watchlist:
HPJ, ONVO, IDRA, HALO, PLUG, WIIM

Blue Horseshoe Stocks: AVOP, PBR, FRMC, UTRM

AV1 Group, Inc. AVOP
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First thing’s first; we want to congratulate anyone that caught AVOP off of yesterday’s Extended Watchlist. Marijuana-related news strikes again! The stock traded as low as .0006 early in the morning, and would go on to push as high as .0015 just prior to the close.

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That was good for an intraday run of 150% from this play on the heels of a press release stating that the company had been the subject of a friendly takeover by the Marijuana Incubator Group, which specializes in cultivation technology. We’ll definitely be following along with this story moving forward.

Petroleo Brasiliero S.A. (Petrobras) PBR

Yesterday we saw PBR make its first big consolidation since we began tracking its recovery off of all-time lows, but not before gapping up to a new high. It provides a good lesson as to why it’s always a good idea to sell into a gap-up and lock in those profits on strength.

Despite the dip, yesterday’s low of 13.70 is still significantly higher than its 11.25 price when we first came across the play on 03/21. We’d like to see support hold at or above that 13.70-mark, or risk seeing a more substantial pullback. Below that, the next level of support is the 200DMA at 13.47.

Overall, PBR and its options chain has exceeded our expectations at every turn, and provided it holds the level of support we just mentioned, we still like the May $12, and April $14 Calls for longer-term chances, and the $13.50 and $14 Weekly Calls for possible short-term opportunities.

Formcap Corp. FRMC

One of the potential bottom-plays we put forth in yesterday’s morning report went on to have quite a session. FRMC traded in a range from .031-.0489, representing a positive intraday move of 58%

It also marked the third consecutive session of the stock making both higher lows and higher highs, further confirming the uptrend off of its recent bottom.

United Treatment Centers, Inc. UTRM

We also want to point out one of our recent interests with fresh news hitting the wires this morning. We’ve been expecting an update from UTRM and it’s finally arrived:

LOS ANGELES, CA–(Marketwired – Apr 9, 2014) – United Treatment Centers Inc. (OTC Pink: UTRM) (PINKSHEETS: UTRM) DBA www.PotNetwork.tv: “We have closed our first round of financing and will launch full scale website/video operations on 4/20/2014. After fielding several offers, we have put together a structure that enhances shareholder value and is commensurate with our long term objectives” >> FULL PR

Speaking of marijuana-related plays, we will be re-alerting one of our old favorites tomorrow, be sure not to miss out on Thursday’s report hitting your inboxes between 9-9:30AM! This stock is primed with the potential for a serious move, so stay tuned!

Extended Watchlist:
JRCC, SNMX, MNGA, ZGNX, APP