Blue Horseshoe Stocks: Momentum Plays & More

 Possible Momentum Plays

We’re looking at a pair of stocks this morning that have broken out, and that we’d like to monitor on the chance that they produce sustained uptrends.

Leading Brands, Inc. LBIX - This was a fairly illiquid stock until just recently, when it broke out of a mundane pattern of low volatility and began a run into blue skies which lasted from Tuesday through Friday. We’ll stay wary of the possibility for course corrections, but a dip-and-rip scenario could definitely come into play here in coming sessions. The volatility has ramped up in a huge way, which is what we always look out for as swing traders.
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22nd Century Group Inc. XXII – In the case of XXII, the stock has traded in a fairly predictable pattern over the past few months, during which time it has formed a solid upward channel. The company also recently closed a $54M direct offering at 2.65/share. We’ll look for this one to continue to build, keeping an eye on it as we kick off a new trading week.


Walt Disney Co. DIS – Options Ideas

We also want to signal a couple of options ideas for Disney, which has a pretty nice bottom setup on the chart, trading near its lowest per-share pricing since December.

For a near-term idea, we’re going to be looking at the DIS Weekly $96-98 Calls and the DIS 11/24 $98-99 Calls in the event of an extended recovery, which seems due at any time now.


Extended Watchlist:
ABEO, CARA, CLSN, NETE, TRXC, RT, IBIO

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Blue Horseshoe Stocks: HMNY, SANP Review & More

Helios and Matheson Analytics, Inc. HMNY

We began tracking HMNY closely on September 20th, and since that time it’s been nothing but blue sky breakout for the stock ever since. On that morning we observed a low of 5.47, and it’s never looked back.

To kick off the week yesterday HMNY soared to an astonishing new high of 23.49, marking a 329% increase in a span of less than three weeks. Volume has also been coming in far above anything the stock saw prior to September.


Santo Mining Corp. SANP

We decided to tag SANP in yesterday morning’s premarket report after noticing the manifestation of some unusual trading activity over the course of last week. It ended up being a solid idea to start of this week, with the stock making a very convincing move to the upside.

From a low of .0013, SANP reached as high as .0021, marking an intraday push of 62%, with the better part of a billion shares changing hands on the day. It was the third consecutive session in which the stock registered higher lows and higher highs, and we’ll be in the lookout for a continuation of that pattern.


Cleantech Solutions International, Inc. CLNT

Another inclusion in yesterday’s report was CLNT, which ran pretty hard early on in the session with the help of a PR alluding to a possible acquisition (>>View PR).

The stock made a move from a low of 5.70 to a high of 8.25- a respectable 45% pop. CLNT ultimately ended up trading an incredible 330X its monthly average volume. While it didn’t maintain at least half of its daily gains into the close, with volume like that, we’ll be sure to keep a slot on our watchlists open for CLNT.


MannKind Corp. MNKD

We saw a pullback in MNKD Friday after a solid move, and we signaled some options calls, MNKD 10/20 $5.50 & $6.00, that pullback gave a great potential entry point. This morning in the premarket, MNKD is gapping up past the $6 mark, pushing the strike prices we targeted into the money.

Its always a good idea to lock in some profits on a gap up, in case a stock decides to pull back. In the event we see do a pullback in this case, we may look to take advantage of the dip by re-entering the position.

MNKD has one of our favorite chart patterns- when the 50DMA breaks above the 200DMA, known as a “Golden Cross”. Stocks tend to breakout when this occurs so we definitely want to continue to track this idea going forward.


Extended Watchlist:
OCRX, GEVO, ABEO, KALV, CVM, ARGS, USEG

Blue Horseshoe Stocks: TXHD, AUPH Recaps & More

Textmunication Holdings, Inc. TXHD

We included TXHD in yesterday’s extended watchlist after picking it up on a routine premarket volume scan, and we ended up being extremely happy we did so, with the stock making the top gains out of anything else we mentioned for the day.

Right from the opening bell, it blasted off from a low of .0042 and rocketed to a high of .0094, giving nimble traders the chance at intraday gains of up to 124%

TXHD closed at .0075 having traded massive volume, maintaining a good portion of the ground it gained during the day, so we’ll be eager to continue tracking its movements.


InterCloud Systems, Inc. ICLD

We remained hot on the trail of ICLD after issuing reminders in our reports  on Thursday and Fridays that it had begun to rebound off of its 52-week lows.

Thursday we had witnessed a low of .0157, and in yesterday’s newsletter we commented on the rapidly rising RSI and strong close, and sure enough, the stock continued its solid run-up on the chart.

ICLD traded in a range from .0221 to .0324, a 47% intraday boost, and an overall increase of 106% over our observed low from three sessions prior.


Aurinia Pharmceuticals, Inc. AUPH

The last time we put a tag on AUPH was at the end of January, and at the time, the stock was trading around $3, briefly touching a low of 2.95.

What occurred during the month of February was a slow and steady increase peaking at just under $4, but as we’ve come into March, the PPS has been ramping up much more intensely.

Yesterday, AUPH broke out to a new high of 7.32, which marks an overall upswing of 148% in the span of roughly five weeks.


Bottom-Watchers

Both Function(x) Inc. FNCX and Ocera Therapeutics, Inc. OCRX are going to be on our radars as potential rebound plays. FNCX has a excellent looking , ripening chart, and OCRX is gapping up off its own bottom this morning.

Each of these NASDAQ-listed stocks are required to work toward getting their share prices back above the 1.00 minimum standard, or face de-listing.


Extended Watchlist:
ABEO, CVM, RXII, NAK, HTBX, MYSZ