ANV Archives - Blue Horseshoe Stocks

Blue Horseshoe Stocks: SITO News & More

SITO Mobile Ltd. SITO

Popping up on our scanner this morning is SITO, which, per a premarket PR (excerpt below) released this morning, has entered into an asset purchase agreement with Hipcricket (HIPP).

Upon approval, this deal will create in SITO, one of the largest mobile ad/marketing firms in the industry. This also comes in the wake of what has apparently been a good year for the company. According to SITO’s CEO, 2014 was “a transformative year… which included 27% year-over-year revenue growth”.

These are all reasons why the fact that we’re catching SITO coming off of its 52-low could carry some potentially exciting opportunities on the chart. We’ll have our eyes peeled for further updates on the progress of the deal as we tag SITO for monitoring in the days and weeks ahead.

JERSEY CITY, N.J., Jan. 21, 2015 (GLOBE NEWSWIRE) — SITO Mobile Ltd. (SITO), a leading mobile engagement platform provider, announced today that it has entered into an asset purchase agreement (“Agreement”) with Hipcricket Inc. (HIPP), the leader in mobile engagement and analytics, for $4.5 million in cash, to acquire substantially all of its assets. Hipcricket reported revenues of $26.7 million for the fiscal year ended February 28, 2014 and currently holds 21 U.S. patents covering technology inventions. >> FULL PR

Medican Enterprises, Inc. MDCN

Speaking of plays coming up off of their annual lows, MDCN represented a feat of perfect timing for us yesterday. We noted that the stock had reached its lowest point of the past year on Thursday, and the rebound offered up the chance at a 57% intraday move to kick off yesterday’s trading session.

Beginning from an early low of .023, the stock surged as high as .036 around 11am, with the bulk of the day’s volume (which exceeded the monthly average by threefold) having traded in that time frame.

Congrats go out to any of our readers who were able to reap a profit off of that excellently-timed call of MDCN!

We’re interested to follow the main MDCN storyline, being the recently announced purchase of a 7200sq.ft. commercial facility and dispensary in Phoenix, AZ. We’ll be certain to relay any developments as they come down the pipe.

Netflix, Inc. NFLX – Options Ideas

NFLX continues to surge on yesterday’s after-hours earnings beat in this morning’s premarket activity, and it sets us up nicely for a possible play on some options calls.

What we’d expect to see is some early profit-taking, causing a classic dip-and-rip, and thereafter we’ll be looking to take advantage. Provided the stock holds support above today’s premarket low of 394.80 we’ll be paying close attention to the $395-410 Calls for possible intraday/intraweek flip opportunities.

Side Note: GPRO is also bouncing off a recent bottom, and has our attention as a solid recovery play, therefore we will want to radar call options there as well.

Extended Watchlist:
SCOK, ANV, CYTR, AUY, IAG, AMLH

Blue Horseshoe Stocks: FRO Review & More

Frontline Ltd. FRO

FRO has definitely turned out to be one of our biggest success stories of the past several weeks. Just to refresh people’s memories, we caught this play coming off of some of its lowest prices of the year back on December 1st. Our observed low on FRO was 1.33 at that time, and in two huge upward moves the stock has traversed quite a bit of territory since then.

Yesterday FRO achieved a high of 5.05, which marks a total increase of 280% in just under six weeks! As we did after the initial push, we could now see a possible dip-and-rip scenario. We’ll remain interested provided the stock maintains support at or above the $3-area on the pullback.

As we can see on the chart above, there is a potential Golden Cross in the making, and with tens of millions of barrels of crude to be held on tankers over the next few months given the current oil landscape, this may not be the last time we point to big moves from FRO.

BARCHART.COM is currently giving FRO a “100% Buy” rating.

Twitter, Inc. TWTR – Options

Following up on one of the options ideas we were mulling over on TWTR last week; the TWTR February $40 Calls. When we first mentioned them last Wednesday (Saw a low of 2.15), we mentioned that they “could be in line for significant gains if TWTR continues to recover off of recent lows” and we did in fact see some substantial movement.

Those Feb. $40’s hit a high of 3.70 during the day yesterday, for an overall increase of 72% in a span of just four sessions! Even further gains could be forthcoming provided TWTR continues the current trend, so we’ll want to reserve it a slot on our watchlist as we head into mid-week.

Extended Watchlist:
NLST, CTIC, NSPR, RSH, ELX, ANV

Blue Horseshoe Stocks: WATT Recap, NDRM & More

Energous Corp. WATT

We first began tracking WATT on Wednesday of last week, and on that day we witnessed a low of 8.40. Yesterday, just three sessions later, the stock bullrushed its way to a high of 11.20, a highly respectable three-day increase of 33%

This is one that will remain on our watchlist heading into this week’s holiday break, and in order for us to remain interested we’ll want to see the stock maintain support in the 9.60-10.75 range.

Amazon.com, Inc. AMZN – Options Idea

AMZN started flirting with the 50 DMA ($311) getting above it yesterday for the first time in a few weeks. Chart conditions are ripe with RSI just getting above the 50 line and the MACD having just underwent a bullish cross as we point out in the snapshot below.

As a result of these conditions, we want to radar the January 17th $300-315 Calls which closed yesterday at 15.62 and 6.53 respectively.

NeuroDerm Ltd. NDRM

NDRM, having just come off of a relative bottom, is flying high in the premarket this morning, gapping up to tune of 30% The company announced enccouraging top-line results for one of their treatments currently in testing, and the reaction is being felt on the chart.

We will be looking at this play the way we do most stock that are surging hard on news; observing for profit-takers to cause a pullback off of the top, and a dip-and-rip where we can take advantage of the subsequent rebound.

TODAY’S NEWS:

NeuroDerm Announces Topline Results of Phase IIa Pharmacokinetic Study of ND0612H and ND0612L, Continuous, Subcutaneously Delivered Levodopa/Carbidopa for the Treatment of Parkinson’s Disease (Tue 7:00AM EST)

Extended Watchlist:
BGMD, CJJD, XNPT, ARCP, ANV

Blue Horseshoe Stocks: WATT Recap & More

Energous Corp. WATT

WATT was included in our extended watchlist on Wednesday before the holiday break, and the stock went on to make a modest yet solid move, despite having only a short session in which to do so. We saw the stock rise from an early low of 8.40 on up to a high of 9.50, which represents an intraday spike of 13%

Apart from its bullish chart, one of the main reasons that WATT is so interesting is that its “WattUp” technology is so close to the cutting edge. Wireless charging has gained a fair bit of steam with charging mats over the past several years, but those require that the device be sitting on the pad. A technology that can rout power wirelessly over a much larger area has yet to make its way to the mainstream.

We’ll be keeping watch over WATT, which could really make a splash if the WattUp technology proves to be as versatile and efficient as the company claims, and is able to clear FCC Certification for which it is currently undergoing tests. >> LEARN MORE ABOUT THE TECHNOLOGY

Extended Watchlist:
ANV, AUY, ATOS, NOG

Blue Horseshoe Stocks: Momentum Mover & More

True 2 Beauty, Inc. TRTB

TRTB is a momentum play that caught our attention when it began to break out during yesterday’s session. The characteristics of this high-flyer have us on alert for the possibility of continued upward movement, and a subsequent dip-and-rip situation. The stock has a low float, and as we know, that type of structure can give way to surges in buying pressure such as those that are fed by heavy momentum.

This stock virtually exploded yesterday, so it’s going to be very interesting to see how trading action resumes today. With such rapid movement, it wouldn’t be surprising to see significant bounce opportunities once it pulls back from these monstrous initial gains and begins to rebound.

Side Note: TRTB was actually tied to another stock that has appeared in our reports, APDN. Last month the two companies announced a collaboration agreement to develop a DNA-based authentication solution (Read Joint PR) A quick tag search for APDN on our blog shows that we began tracking this stock years ago, going all the way back to the summer of 2012 when the stock was trading below .10. The company just completed an uplisting to the NASDAQ, and is currently trading in the 2.70-range.

Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG)

We’ve been continuously tracking JNUG for several weeks now; on Tuesday, after tagging the play in our extended watchlist, we witnessed a 15% increase from 5.29-6.09.

Yesterday brought forth a consolidation to a morning low of 4.83, and a subsequent intraday snap-back to 5.80 (+20%) and then continued to consolidate into the close, and this morning it appears to be gapping up above the $5-mark.

We’ll be keeping a close eye on JNUG moving forward; despite the dollar being at 5-year highs, supply and demand still play a large role in gold price action, and from October-January with the Indian Celebration of Diwali and Chinese New Year coming up, demand for gold will be pushed to high levels.

Extended Watchlist:
NVAX, MAGS, ANV, IAG, RPI