Blue Horseshoe Stocks: Prime Setup on CCL

Adverum Biotech, Inc. ADVM

Our first order of business this morning is to review a stock we’ve been watching since the beginning of the spring, and reporting on it each month. Back on April 17th we initially alerted on the stock while it was trading for as little as 5.44 a share. We also did a followup report on it on May 20th as well as one last month, on June 5th.

The stock has essentially been in a solid uptrend the entire time, with its biggest single-session move yet occurring yesterday from 10.15 11.95 to 14.96. It marked an intraday pop of 25% and an increase of 47% over the low following our June 5th mention. The total overall increase we’ve observed since our original alert has been 175%


Carnival Corp. CCL 

We ran across the technically attractive setup on Carnival’s chart this morning, and it is currently exhibiting many of the signs we’re after when looking for solid bottom-plays.

Just in the last week, CCL started to come off of being heavily oversold, and the MACD is on the cusp of a bullish cross. Add in the nearly two million dollar pickup by an insider according to a pair of Form-4′s filed last Wednesday, as well as the massive topside gap on the chart, and we are feeling pretty good about CCL as a strong recovery play candidate.

We’re going to radar the CCL 08/02 47-48.50 Calls, which should be in good shape if the stock can approach that gap sometime in the next couple of weeks.


Blue Horseshoe Stocks: AMBA Recap & More

Adverum Biotechnologies, Inc. ADVM – Review

When we first brought ADVM into the mix on April 17th, the stock was trading for as little as 5.44, and it has never looked back. We updated readers on its performance a couple of weeks back, and once again this morning, we wanted to circle around to comment on the stock’s strong performance.

Yesterday, which marked the eighth consecutive stair-stepping session in which ADVM posted a higher low, it ran to a brand new high of 11.14. That works out to a total increase of 105% over the low we observed on the morning of our initial alert just over 6 weeks ago.Volume, especially over the last couple of weeks has also been exceptionally high. The stock is is blue skies, and we’re anxious to see where its ceiling will come.


Ambarella, Inc. AMBA

We tagged AMBA in yesterday morning’s premarket report ahead of the company’s quarterly earnings which came later during after market hours. Following a surprise beat, the stock has surged this morning, reaching a premarket high of 46.25. From our observed low of 38.06 that represents a respectable overnight swing of 22%

As you can see on the included chart, the MACD is headed for a bullish cross, and there’s still a large gap to the upside, so we will be tracking AMBA very closely on the heels of this development.

As an added bonus, we’re going to include an options idea for AMBA, the Weekly $42.50-44 Calls.


Extended Watchlist:
AMPG, BOX, ABIO, AEO,

Blue Horseshoe Stocks: New Options Ideas & More

Teva Pharmaceutical Industries Ltd. TEVA

We’re very interested in TEVA as a potential bottom bounce play. The stock registered new 52-week lows midway through last week, and has exhibited a solid level of support. Trending up slightly in the premarket, we’re going to be tracking a pair of June options contracts to coincide with what could easily be a significant rebound.

Our specific targets are going to be the TEVA 06/28 $12.50 & $13 Calls, which could present us with sizable opportunities to profit
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Sprint Corp. S

We’re also going to set our sights on a range of Sprint options as the company attempts to gain FCC and DOJ approval on its $26B proposed merger with T-Mobile. The review period ends in June, but we’re more interested in the short term capability of the stock to provide us with quick strike chances. We’re going to radar the S Weekly $7-8 Calls.


Adverum Biotechnologies, Inc. ADVM – Review

A stock we recently began tracking, ADVM has been in a fairly continual uptrend since we signaled it for observation on the morning of April 17th. In the last month, the stock has made considerable bullish strides.

From the low we observed on the day of our initial alert, at 5.44, ADVM has gone on to record a high of 9.17. That comes out to an increase of 69%


Extended Watchlist:
TOPS, GERN, GMO, AMRH, TRQ, CREX, FUN, ICON, SQQQ, TMUS, INDY

Blue Horseshoe Stocks: JMIA Runner & More

Jumia Technologies JMIA

Our first order of business this morning is to mention the performance of JMIA after we included in yesterday’s premarket report on our extended watchlist.

This relatively new play doesn’t even have an options chain as yet, but the move made by the stock itself, especially for something in this price range, was really impressive. JMIA ran from a low of 33.10 on up to 43.50 during yesterday’s session, marking an impressive intraday rise of 31% As of this morning in the premarket, that high has risen to 50.60, and pushing our observed gain to a super solid 53%


FRESH OPTIONS IDEAS

Netflix, Inc. NFLX – Although the company downplayed its Q2 guidance in yesterday’s post-market release, NFLX still showed strong growth for the quarter, and looks to be in line for a solid finish to this four-day trading week which wraps up tomorrow in advance of Good Friday. Wre will look to possibly take advantage of the NFLX Weekly $365-375 Calls.

PepsiCo, Inc. PEP - Pepsi was among those companies reporting their quarterly earnings this morning in the premarket, and we’d like to formulate an idea there as well after the company posted a Q1 beat on profits and revs. We’re going to track the  PEP Weekly $124-125 Calls into tomorrow’s close.


Extended Watchlist:
QCOM, TXT, CSX, SBGL, TLGT, YUMA, TBLT, ADVM

Blue Horseshoe Stocks: SPY Options & More

Hewlett Packard Enterprise Co. HPE

There hasn’t been a day in quite some time when we we’ve offered  options trading ideas to our readers and didn’t come out successful. Yesterday was definitely no exception. Our premarket report contained a flag of the HPE Weekly $16.50 & $17 Calls.

In both cases, double bag gains or better could have been achieved, with the $16.50′s making a perfect double as they ran from .55-1.10, and the $17′s pushing the envelope a bit more, rising 186% from .21-.60.


SPDRA S&P 500 ETF (SPY) – Options Idea

With the markets appearing to be in line for another solid push, we’re going to confine our fresh idea this morning to the SPY. We have traditionally had much success with trading options in this particular fund.

Today we’re going to be looking at the SPY Weekly $290-291.50 Calls, to watch into the end of the week.


Extended Watchlist:
CIEN, ADVM, GOL, KTWO, EARS, DBD, JG