Blue Horseshoe Stocks: Bottom-Watch Plays & More

Ford Motor Co. F
Ford is the first of a couple of bottom-watch plays we want to signal for observation as we kick off a fresh trading week. The month of January was rough for the Detroit automaker, bringing a precipitous fall into heavily oversold territory.

We are just now, in February, beginning to see the signs of a recovery. As you can see on the snapshot of the chart below, the stock has just started to come off of being oversold and bounce off of its lowest PPS since August. The MACD also appears to be converging for an upcoming cross, and there’s a gap to the upside as well.

We’ll look to take advantage of this setup by tracking the F 03/02 10.37-11.37 Calls in the days and weeks ahead.


BioMarin Pharmaceutical, Inc. BMRN

Another potential bottom play we want to look at this morning is BMRN, which also recently has been beaten down to what we feel are unsustainable low levels. We’re getting a heavy multiple-bottom signal as the strength index is tumbling toward extremely oversold territory.

The look of the MACD suggests some further decrease or sideways trading could occur, which is why we’ll want to look at a set of extended term options contracts, the BMRN 03/16 $80 & 85 Calls. With over a month until expiration, that should give us ample time for the stock to realize the recovery it appears to be building toward.


Extended Watchlist:
AQMS, DO, NXTD, NGD, FNN, NOG, MARA, HMNY,

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Blue Horseshoe Stocks: AAPL Review & More

Apple, Inc. AAPL – Options Review

We’re now mentioning the calls we made for the Apple options chain on Tuesday for the third consecutive day, after each of our tracked contracts yet again set new highs during yesterday’s session.

To refresh your memory, we slated the AAPL Weekly $150-155 Calls for observation in Tuesday’s premarket report, and they provided solid gain opportunities ranging from 78-146% that day.

Here are the updated figures showing the lows from Tuesday, to the new highs attained yesterday.

$150 Calls – Range: 2.30-4.80 – Max Gain: 109%
$152.50 Calls – Range: 1.00-2.55 – Max Gain: 155%.
$155 Calls – Range: .28-.89 – Max Gain: 218%



Fresh Options Ideas


While we’re on roll with options calls, we might as well let it ride by selecting a couple of other ideas that are worth monitoring.

Tiffany & Co. TIF - Tiffany’s chart is showing a decent bottom setup, while some insider buying was reported this week near 4-month lows. We’re going to highlight the TIF 10/20 $92-93 Calls and keep them on our radars in the days and weeks ahead.

Blackberry Ltd. BBRY - For a more short-term idea, we’re going to signal the BBRY Weekly $9.50 & $10 Calls on the heels of Blackberry’s premarket earning beat. Prior to today, the stock has hovering around a solid level of support at roughly $9 for quite some time, but today’s release could definitely have a positive effect on the chart. The company posted a beat on profits and revenue, while software sales set company records.


Extended Watchlist:
ZYNE, ADHD, IZEA, CHFS, AQMS, GALE, OPGN, AEMD, VTGN