Tag: AA

Blue Horseshoe Stocks: New Options Ideas & More

New Options Ideas

The market, which has been struggling mightily here in the opening weeks of 2016 for numerous reasons, appears to be in line for some measure of a rebound today, based on early trading activity. Q4 earnings season has kicked off, which should result in an increase of options trading opportunities in the days and weeks ahead.  In the event this trend holds and progresses, we’re going to want to have a few options contracts ready and waiting in the hopper to watch for swing-trade possibilities.

Shire plc SHPG

SHPG shares are gapping up to the tune of more than 5% in the premarket this morning in the wake of the revelation that Shire would be acquiring US-based Baxalta for a whopping $32B. The deal figures to create the largest rare-disease drugmaker conglomerate in the world.

We like to take advantage of blockbuster reveals such as this, and the trading hysteria they tend to create. For this particular situation, we are going to set our sights on SHPG Weekly $175-180 Calls.

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Acadia Pharmaceuticals, Inc. ACAD

ACAD has been tumbling down in terms of PPS in recent sessions. The reported possibility of dilution as a result of fundraising via public offering has had investors coming down on the bearish side of the fence. We want to be on the lookout for the possibility of a rebound. If such a move occurs we’re going to have the ACAD 02/19 $29 Calls and 03/18 $30 Calls on our radars moving forward.

Alcoa, Inc. AA – Possible Recovery Play

AA is striking us as a stock whose time for a rebound may be fast approaching. We want to signal this as a potential bottom-play. The strength index is heading into heavily oversold territory, and a triple-bottom setup suggests AA could be nearing basement-level prices.

We’re going to add this to our current list of bottom-watch plays, which also includes KOOL, MGI, GNBT, and MAXD.

Extended Watchlist:
HCTI, IMTV, BLTA, AAPL

Blue Horseshoe Stocks: Recaps of PPCH, EGYH & More

Energy Holdings International, Inc. EGYH

EGYH presented us with a tremendous swing-trade opportunity after we began tracking the stock last week. It started off as a subpenny play, and following a low of .0081 a week ago today, it barreled its way past the one cent mark and well into pennyland.

The excellent five-session swing from .0081 to yesterday’s new high of .03 represents a move of 270% so congratulations to anyone who took advantage of even a portion of of those gains. We’ll continue to track the progress of EGYH provided it can maintain support above previous resistance at around .02.

Propanc Health Group Corp. PPCH

PPCH has appeared in our reports many times in the past, and most recently, we re-alerted and began tracking the stock at the end of last week. After an appearance in Friday’s extended watchlist the stock made its way down to a low of .0276 just prior to the close, and it hasn’t looked back since.

PPCH followed that swing-low with two consecutive bullish sessions, culminating in yesterday’s high of .0459 just before the end of the trading day. That registers as a 66% swing in slightly over two sessions, and it also logged considerably higher-than-average volume over that span as well.

We’ll look for PPCH to continue stringing together sessions of higher highs and higher lows, helped along by this recent surge in upward momentum.

Petroleo Brasiliero SA (Petrobras) PBR – Options

Speaking of old favorites, we’re revisiting another stock that has appeared numerous times (83 times including this morning, to be precise!) in our reports, and for good reason. Quite awhile back, we caught it coming off what was then its ten-year lows, and leveraged the recovery into thousands upon thousands in percentage gains via the options chain. If you’re a newer subscriber, feel free to go through our PBR archives to see just what we’re talking about.

We want to come back to PBR after all this time, because it has recently set a new 12-year low just prior to the beginnings of a rebound. The chart is ripening, as we’ve pointed out below, so we feel that now would be a good time to track some options calls.

To take advantage of a continued uptrend, we’re going to zero in on PBR Weekly $5.00 and $5.50 Calls for the moment. In the event that PBR manages to break past 5.75, we’d likely be looking at rolling our strike price up to the $6’s.

Extended Watchlist:
MNZO, ECRY, WSTI, RIG, AA

Blue Horseshoe Stocks: CCTC Update & More

Clean Coal Technologies, Inc. CCTC

No sooner than we were commenting on CCTC’s fantastic performance in the month of September in yesterday’s morning report, did the stock continue to bull its way to new highs. As is plain to see on the included chart snapshot, it has mostly been one positive session after another.

We had just pointed out the 142% increase CCTC had made from our observed low of .36 to Friday’s high of .87, and the stock managed to impress us again. From a daily low of .851, it cracked through a big psychological barrier at a dollar, and managed a new high of 1.07. It figured in as a 26% intraday run, and extended our total observed increase in just over a couple of weeks to 197%

The chart is now well into overbought territory, so we wouldn’t be surprised to see a bit of a pullback. In order for us to remain interested in CCTC, we’ll need to see it maintain support in the channel between .75-.65, at the lowest.

Ballard Power Systems, Inc. BLDP

A quick tag search for BLDP on our blog shows our long history with this stock, and we wanted to quickly re-mention it this morning. We most recently tagged it as a bottom-watch play on July 2nd after noticing the stock taking a big backslide. It has been mostly in a downtrend since that time, but we’re going to want to begin watching more intently.

The company inked a major deal to supply 300 buses in Foshan and Yunfu, China, with their fuel cell systems (>>View PR). According to a ‘Zacks’ article posted yesterday, BLDP’s transaction is “Valued at $17 million, and the deal will also bring in potential recurring royalties starting from 2017.”

We’ll continue to keep BLDP on our extended-term recovery watchlist.

Options Ideas For a Market Rebound

After five straight days of down markets, we’re going to be on the lookout for a rebound today. We’re seeing a gap-up here in early trading, so we wanted to venture a couple of options ideas if events play out as we expect.

We’re going to zero in on GoPro, Inc. GPRO and Facebook, Inc. FB for potential opportunities, specifically the GPRO Weekly $31-32.50 Calls, and the FB Weekly $90-91 Calls.

Extended Watchlist:
BGNN, VRSZ, NVAX, AA, PIR