Blue Horseshoe Stocks: More Options Ideas

BioMarin Pharmaceutical, Inc. BMRN

BioMarin had a really solid performance yesterday after we signaled some contracts in our premarket report, the BMRN 03/16 $80 & 85 Calls. The stock ran from 81.01 to 84.19 facilitating some modest but solid intraday moves in our contracts.

The $80 Calls ran from 4.40-6.00 for a 32% rise, and the $85′s traded from 2.70-3.50, a gain of 26%

With a strong close at 83.28, and a lot of ground to cover to recoup the losses the stock has seen in the month of February, we’ll look for BMRN to establish a more sustained recovery pattern, and we may see some further increases in these contracts, which still have over a month until expiration.


Under Armour, Inc. UAA

We want to formulate an idea for Under Armour on the heels of the company’s earnings report this morning. The stock had already begun to trend off of its bottom a few sessions ago, and despite posting a Q4 loss, sales were better than expected and the stock is gapping up pretty significantly here in the premarket.

We’re going to want to keep tabs on the UAA Weekly $15.50-16.50 Calls, which could bring us sizable gain opportunities in the day or days to come.


Extended Watchlist:
APRI, CHGG, CBAY, MVIS, ADXS, MBRX, DCIX, THC

Blue Horseshoe Stocks: AMZN Review & More

LiNiu Technology Group, Inc. LINU

Among yesterday’s tracked stocks was LINU, which we signaled after noticing some abnormal volume and price action in the previous session.

While the stock didn’t necessarily break out in a big way, the intraday move it did make was reasonably solid. From a low of  1.79, it ran as high as 2.36 on the day, marking a 32% pop. The move came on 39X the monthly average volume, and the stock did hold more than half of its daily advance into a strong close.

With that kind of momentum built up, we’ll certainly want to let LINU remain on our radar in upcoming sessions and look for the continued establishment of higher highs and higher lows.


General Electric Corp. GE

We like the setup on the current GE chart, which as you can see from the included snapshot below, has been pounded down to new lows this week.

We’re always looking to track the potential recoveries of heavily oversold stocks, and GE is certainly in that category. There’s also a sizable gap from July which needs to be filled, as well as some insider buying being logged near these lows last week.

We’ll put this one on watch for what seems like an inevitable rebound, while signaling a pair of options contracts to add to our radars, the GE 11/17 $26 & $27 Calls.


Amazon.com Inc. AMZN

We also have to swing back around to pat ourselves on the back for our options ideas on AMZN, which we submitted on Monday morning.

We noted that the AMZN 10/06 $965-980 Calls should have some nice moves once the stock saw a reversal, and it turned out to be a good hunch. The $965′s traded from 19.25-27.00 (+40%), the $980′s went from 11.39-20.20 (+77%) and the five contracts in the range in between those two all made similar gains.

AMZN is gapping up in the premarket this morning, so we wouldn’t be surprised to see our overall observed gains increase further.


Dextera Surgical, Inc. DXTR

Starting a couple of weeks ago on the 16th, and then again midway through last week, we’ve been signaling DXTR, which was coming up off of recent relative lows just a few sessions earlier.

We wanted to quickly point out its performance over that span, which started from a low of .26 and has run up to new highs in premarket trading today. It’s thus far hit a high of .43, which works out to a respectable two-week swing of 65%


Extended Watchlist:
IDXG, NXTD, STDY, APRI, MNKD, OTIC

Blue Horseshoe Stocks: Options, Bottom-Plays & More

Twitter, Inc. TWTR – Options Idea

We have yet to talk about TWTR in 2017, namely because the stock has been in an overall downtrend over nearly that whole span. However, in recent weeks, it found a bottom and slowly has begun stair-stepping its way to a recovery. That process is getting a kick in the pants this morning with a significant morning gap up on the heels of Twitter’s earnings. The company posted losses, though not as big as expected, while also reporting an increase in users.

We’re going to see about possibly using the commotion to our advantage with a range of options ideas. Provided TWTR can maintain support at or above its 50DMA (15.19) on any pullbacks, we’re going to be interested in tracking the activity in the TWTR Weekly $15-16 Calls, on which we’ll be looking for a classic dip-and-rip pattern. If properly timed, it could spell some big gains in those contracts.


Apricus Biosciences, Inc. APRI

We want to put APRI on our radars today as a potential bottom-bouncer. At the beginning of the year, from a level comparable to current prices, the stock ran into the mid-$3 range. Now, after a long period of getting beat back nearly to its annual low, it is showing signs of a rebound that we’d like to monitor on the chance that it turns into a full-scale reversal.

You can see just what we mean on the snapshot below. The RSI is indicating that APRI is about to enter extreme oversold territory, while the MACD is just beginning to curl upward and show some convergence. We wouldn’t be surprised to a see cross in the days ahead.

Even just a run back to the 200DMA from here would be a move of almost 100% so we’ll definitely want to keep an eye peeled.

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NoHo, Inc. DRNK

We’ve been saying how hot the super-subpenny market has been recently, and the trend has been persisting now for quite some time.  We initially slated DRNK for observation in Monday’s premarket report, after which we saw a soild 70% pop from a low of .0003. We stated as much in yesterday’s report, mentioning that we’d certainly want to continue to pay attention, based on a number of factors.

The stock did manage to record a new high for us for the second straight day, making an intraday move of 50% from .0004-.0006, and extending our two-session observed range to a nice, round 100%


Extended Watchlist:
AAGC, KALY, AKBA, CETV, SDLP, UQM

Blue Horseshoe Stocks: OCRX Recap, Options & More

Ocera Therapeutics, Inc. OCRX

We noticed OCRX gapping up off of its bottom yesterday in the premarket, relaying that fact along to our readers in our morning report. The stock had a major gap to fill to the upside leading into yesterday’s session which we pointed out with a chart snapshot, and the excellent intraday run that ensued made some good headway in terms of filling a portion of that gap.

The stock traded in a range from .77 to 1.15 yesterday, for an intraday rise amounting to 49% and did so on immense volume to the tune of roughly 15X the 30-day average.

This morning in premarket trading we’re seeing another gap-up, trading as high as 1.37 so far. We’ll need to keep our eyes peeled right from the starting gun this morning as another bullish session could be forthcoming. We’re going to want to see yesterday’s closing value of 1.10 hold as support on any pullbacks in order to sustain our immediate interest.


e.l.f Beauty, Inc. ELF – Options Idea

We caught ELF on the heels of a strong earnings report wherein healthy beats on both earnings and revenues were announced. The stock is gapping up in premarket trading today, having breached the $30-mark with an early high of 30.99.

We always like a good post-earnings options idea so we’re going to formulate one that we can follow for the remainder of this week and into the next. We will be tracking the three sets of contracts in the range of ELF 03/17 $25-35 Calls over the next few sessions for potential quick strike trades.



Northern Dynasty Minerals. Ltd. NAK

We highlighted NAK in yesterday’s watchlist after noticing the stock had been trending steadily downward toward its 200DMA. We banked on the hunch that it would find support around that area, and were essentially spot-on in assuming a reversal was in the cards.

The stock underwent a classic dip-and-rip pattern, trading in a range from 1.08-1.34 for a modest intraday upswing of 24% While it didn’t blow our socks off on the first day, we still believe that serious upside potential exists for NAK from its current standing. All indicators are pointing to the strong possibility of this stock returning to the 2.00-level or better in the near future.

Additionally, a hike in the federal interest rates, which many expect as soon as this month, could have a positive impact on precious metal plays like this one, so it will be interesting to see what lays in store for NAK.


Extended Watchlist:
APRI, EYES, HUSA, SMTC, XTNT, VVUS

CETV, MADI, RAYS, APRI, XIDE & Extended Watchlist

Central European Media Enterprises Ltd. CETV
CETV was as low as 2.67 following our first alert a month ago today, in which we caught CETV off of our Form 4 watchlist. It went on to touch a high of 3.89, a 46% gain. For roughly the past two weeks, CETV has seen a period of consolidation, and appears to have found a base at last Thursday’s low of 3.17.

The 20DMA of 3.26 is our current support level, and the 50DMA 3.56 is where resistance currently sits.

We are still confident that CETV will prevail in the long-term, granted the sizable position held by broadcast giant Time Warner.


Raystream Inc. RAYS
RAYS provided us with a quick early morning opportunity for gains, dipping to as low as .0053 before tearing upward to .0148, a possible intraday gain of 179% After it pulled back off of that surge, we also saw subsequent bounces from .0088-.0115, and then again from .0052-.0069.


Madison Systems, Inc. MADI
MADI came off of our extended watchlist on Friday to open up at .035, and make a 60% move to .056. Yet another reminder of many we’ve gotten in the past, to pay every bit as much attention to the plays on our extended watchlists, as we do to our main focal points.


Apricus Biosciences, Inc. APRI
At 2.89×2.91 gapping up premarket, APRI currently up 13% on over 300K shares traded. There appears to be a huge gap to fill on the chart up to 3.30, so we are going to want to monitor closely this morning, as the stock seems to be gearing up for a strong open.


Exide Technologies XIDE
This stock hit our scanners this morning as it has been testing new 52-week lows. We are circling XIDE like vultures, and are going to want to watch carefully for any signs of a reversal, because the bounce resulting from the recent bottoming out could be significant. It could even happen as soon as this week, so keep an eye peeled for potential bottom bounce opportunities.


Extended Watchlist:
PLUG, BLDP, XXII