NQ Archives - Page 5 of 5 - Blue Horseshoe Stocks

Blue Horseshoe: ACDU, GOGO, GERN, OXBT, NQ & More

Accredited Business Consolidators Corp. ACDU

We had included ACDU in Friday’s newsletter after noticing increased volume and building momentum in Thursday’s session. Opening strong and rallying out of the gate, the stock touched a high of .0093 before consolidating and retracing on a midday pullback. We observed as ACDU found support and bounced from .0061 back up to .0086 (+42%) and ended the day solidly at .0083.

Congrats to anyone who was able to take a quick profit from ACDU.

Gogo, Inc. GOGO

We’ve been monitoring GOGO pretty closely since Sept. 16th at which time the stock was trading at 14.79. By Sept. 26th, we saw the stock hit a high of 19.80. Over roughly the next month, GOGO retraced back to 15.90 (10/24). This morning GOGO appears to be gapping up significantly, hitting a high of 22.30 premarket, so we’re definitely going to continue paying close attention to this stock.

Geron, Corp. GERN

After we mentioned GERN in Thurday’s report, we saw a good short opportunity as the stock fell from the high 7.70’s to below 6.00.

On Friday the stock opened in the 5.00-range, and continued its descent, trending down to the mid-4.00 range. As GERN has pulled back so drastically in a small amount of time, we are watching for the dust to settle, and poising ourselves for the potential rebound which could follow.

Oxygen Biotherapeutics, Inc. OXBT
&
NQ Mobile, Inc. NQ

OXBT made a move from a low of 1.46 to 11.40 for a 681% gain since we began following it near the end of October.

Roughly around the same period of time, we also starting watching NQ, at the time trading as low as 8.42, which would go on to hit a high of 15.85, an 88% gain.

Both of these stocks underwent big consolidations last week, and began to rebound toward the end of the week. As is often the case following major runs, large pullbacks, if properly timed can make for some excellent quick-strike opportunities to profit. Thus, we still have both of these on our radar.

From Friday’s Extended Watchlist:

Revolution Lighting Technologies, Inc. RVLT

RVLT traded as low as 2.88 on Friday before hitting a high of 3.54, a possible gain of 23%

SunEdison, Inc. SUNE

SUNE traded from a low of 11.00 to 12.75, a positive intraday move of 16%

Groupon, Inc. GRPN

GRPN traded in a range from 9.45-10.43, a 10% gain.

Peregrine Pharmaceuticals, Inc. PPHM

PPHM saw a 1.22 low and went on to close at its high-of-day at 1.30, for a modest 7% increase.

Extended Watchlist:
DROP (Coming off recent lows),TCPS, XCLL(Golden Cross), DSCO, FRO, NNVC, GURE, CLRX, ZLCS (Huge gap down, watching for possible rebound)

EWSI, PHOT & Extended Watchlist

E-Waste System, Inc. EWSI

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EWSI appeared in our extended watchlist on October 9th, and the next day we observed a low of .0366. By October 29th, the stock reached a high of .0699. That’s a 91% move in just under three weeks.

Currently on the chart, we have several indicators showing strength, with the RSI approaching the power zone, the MACD recently had a bullish cross and is showing divergence, and the PPS is holding above the 50DMA. Key areas of resistance to break come at .07 and .10.

BARCHART.COM is currently giving EWSI a 72% Overall “Buy” Rating- 100% on Medium-Term Indicators

Growlife, Inc. PHOT

PHOT is a long-time favorite of ours as many of you well know, and continues to be one of the stars of the rapidly burgeoning marijuana sector. Recently PHOT has been trading with increased liquidity, and this morning, the company had some news out that caught our attention. We will want to continue to keep an eye on PHOT, especially if Portland voters pass the upcoming initiative:

GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry including online and brick and mortar hydroponic stores, OEM grow equipment, commercial grow-op support, and media, is pleased to announce that the Company’s retail hydroponic location in Portland, Maine will be hosting festivities and store specials throughout Election Day, Tuesday November 5, 2013 as it awaits the results.

Voters in Portland are being asked to decide whether they want to make it legal for adults 21 and over to possess up to 2.5 ounces of marijuana. The Nov. 5 vote is being watched nationwide as a potential bellwether for the relaxation of marijuana laws in the Northeast. Recreational marijuana use is already legal in Colorado and Washington State and 21 states now have some version of medical allowance on their books. >> FULL PR

BARCHART.COM is currently giving PHOT a 72% Overall “Buy” Rating

Extended Watchlist:
GOGO, NQ, OBXT, FB, AAPL

Blue Horseshoe Stocks: NQ, OXBT

NQ Mobile, Inc. NQ

We first began mentioning NQ this week. On Tuesday, we alerted the stock via our extended watchlist, and featured it on Wednesday, and it has basically been on a consistent uptrend ever since. From Tuesday’s low of 9.013, we’ve seen NQ battle all the way up to yesterday afternoon’s high of 14.69.

That’s a 63% power-move in the span of just three trading sessions. We caught this one perfectly off of its bottom, and are going to keep our eyes peeled for a continuation of the heavy momentum it has built all week. Yesterday saw nearly 3.5X the 3mo. average volume traded.

Oxygen Biotherapeutics, Inc. OXBT

OXBT began appearing in our reports this week on Wednesday, at which time we observed it trading at a low of 1.48. This is another momentous stock, whose added volatility provided us with a couple of swing opportunities during yesterday’s session.

It started out with a rapid morning surge from the open at 2.57 up to 3.40 (+32%), then pulled back to 2.67 before running back to 3.37 (26%). All this on nearly $50M in dollar volume, enough to earn us a mention in the Penny Stock Rumble.

From our initial alert price at 1.48, yesterday’s 3.40 high represents a move 130% of in just two sessions. Congrats to anyone who was able to take advantage of our alert.

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

SKTO, AAPL & Extended Watchlist

SK3 Group, Inc. SKTO

SKTO was one play from our marijuana watchlist to really have a bang-up session yesterday. On more than 5X the 3mo. average volume, the stock surged nearly 40% from its early morning low of .0135 to a late afternoon high at .0188.

The move not only broke through previous resistance at .015, but continued to roll, surpassing the current 200DMA (.016) as well. Moving forward, we’d ideally like to see support hold above .015.

Apple, Inc. AAPL

Apple’s quarterly earnings exceeded Wall Street’s expectations on Monday, fueling some extremely volatile post-market trading. After hours, we saw a significant pull-back followed by a bounce which has AAPL currently trading in the low 530’s. Yesterday afternoon’s high in the $542-range is going to act as the next resistance barrier.

We made the right choice with our last options call in moving our strike price up to $525, which as it now stands, should be pushed deep into the money with the current trend.

Extended Watchlist:
FNMA, FMCC, GOGO, ZGNX, CLSN, ONP, USAT, NQ