AVNR Archives - Blue Horseshoe Stocks

Blue Horseshoe Stocks: AVNR, SINO, FREE & More

Avanir Pharmaceuticals, Inc. AVNR

We included AVNR in our extended watchlist yesterday and we were glad that we did. The company released an announcement concerning the positive clinical trials of its drug “AVP-923” which is used to treat Alzheimer’s >>Read The Release and what followed was one heck of a bullish session.

The stock saw an early low of 9.32, and steadily pushed its way up all session long, with the high of 13.09 coming just prior to the close. That mark represented a solid 40% intraday gain, as well as a new 52-week high! The amount of volume traded was also impressive, on the order of more than 89M shares, an annual record and more than 25X the three-month average, so we really like the timing of our alert on AVNR.

AVNR provides another good example of why we always remind our subscribers to check through our daily extended watchlist selections thoroughly, as hidden gems like this one tend to pop up with surprising regularity.

Sino-Global Shipping America Ltd. SINO

SINO began to run when the company released financials that included some significant highlights just prior to the close yesterday, and the stock is gapping up heavily this morning for what should be an interesting session.

Generally in these instances we’ll be on the lookout for the phenomenon we refer to as the dip-and-rip. Stockholders see the huge run, and the resultant profit-taking usually leads to a subsequent pullback. That’s where we’re waiting to catch the bounce and snipe some rapid profits.

FreeSeas Inc. FREE

FREE made its way down to a new 52-week low of .29 yesterday and could be in prime position for a possible bounceplay. This morning, the company has revealed that it has concluded the sale of one of its vessels for $12.25M and entered into a long-term charter with the new owners >> View PR

FREE is gapping up as a result and provided that the stock can break through resistance at roughly .45 which we’ve pointed out on the following chart, things could get very interesting.

Options Trading Ideas

We’ve got a couple of possibilities we’re looking at in the options arena today as well:

– RWLK $38-$40 Calls

– PBR $16.50 & $17 Calls

Extended Watchlist:
GRT, NWBO, DNDN, MSTX, STRI

Blue Horseshoe Stocks: APPG, RSH & OTIV Updates

Apptigo International, Inc. APPG

Our readers may recall that we tagged APPG as a potential bottom-play in Friday’s premarket report, as the stock was coming off its 52-week lows a couple of sessions prior.

We mentioned that we liked APPG “provided it can hold support above .365 in order to break the pattern of its recent downtrend”, and it did in fact maintain support above that level. We saw a daily range from .37-.43 which is equal to a 16% move, and the stock closed just a penny below its high-of-day.

We’ll be monitoring APPG as we kick off a new trading week, and looking for the stock to register higher lows and higher highs to confirm a sustained uptrend.

RadioShack Corp. RSH

Despite recent uncertainty caused by talk of possible bankruptcy proceedings, RSH did well on Friday. We’ve been tracking the stock heavily since the beginning of August, where we caught it at its 52-week low of .55.

Following a gradual incline to a high of 1.77, the stock has been under recent consolidation, and toward the end of last week we were looking for it to maintain support above its then-50DMA of .83, and it did just that.

On Friday it traded in a daily range from .86-1.00 (+16%), and closed at .91. Like the previously mentioned stock we’ll need to see RSH record higher lows and higher highs, and test its next key areas of resistance at 1.15 and 1.30.

It should go without saying that we’ll also want to keep our ear to the tracks for updates on RSH’s tenuous financial situation.

On Track Innovations Ltd. OTIV

OTIV made an appearance in Thursday’s newsletter on our extended watchlist. We saw the stock touch a low of 3.12 that morning, and then begin a gradual ascent spanning through Friday’s session as it went on to a subsequent high of 3.94 (+26%).

It’s going to remain high on watchlist today, as we’ve already seen trades in the premarket going off as high as 4.39. At that level, our total possible gain on this stock over the course of just a few sessions is expanded to 41%

Extended Watchlist:
AVNR, HALO, TWGP, API, MILL, NVFY

Blue Horseshoe Stocks: PBR, ACHN, TMSH & More

Petroleo Brasiliero S.A. (Petrobras) PBR

We’ll kick things off this morning with PBR once again, as the stock had another banner day and behaved very much like we suggested it might. Yesterday we mentioned that the PBR chart was looking ripe for further northward movement and that’s just what we got.

The stock itself broke back over $15, which led to some prime opportunities in each and every set of options contracts that we outlined in our morning report. We said we’d be looking at Weekly Calls from $14-$15 for quick-flip intraday opportunities, and they all offered up some serious gains.

The $14 Calls traded from .74 to as high as 1.09, a chance for traders to score up to 47% in profits. The $14.50’s made a nice move up from .34 to .75, good for a nice double-bagger and more at +120% The $15’s fared extremely well also, running a whopping 290% from .11 up to .43.

Even our contracts of longer-term interest, the 07/19 $15 Calls (which we caught at a low of .25) made a solid intraday move from .54-.84, a highly respectable 55% increase.

All in all, for options traders, PBR was a paradise on Monday, and we’ll be continuously monitoring the situation as the week progresses. Major areas of resistance appear on the chart at 15.50 and 15.85, so failure to pierce through that channel would certainly be a signal to us to take profits off of the table. In order to keep our interest levels high, PBR will need to maintain support above the 15-dollar mark.

Achillion Pharmaceuticals, Inc. ACHN

Appearing in yesterday’s extended watchlist, ACHN was another play with potential to start off a new week. After a significant morning gap-up, the stock would touch a low of 3.72 before running as high as 4.82, an intraday move of 30%

This morning the company came with a well-timed release concerning its Hep-C drug, and the stock continues to blow its top. The high this morning in premarket trading is 6.47, making ACHN one that we’ll definitely be interested to follow. Per this morning’s PR, there’s a timeline for the testing of this drug leading all the way up to the end of the year, so we’ll stick ACHN on our longer-term radar as well.

NEW HAVEN, Jun 10, 2014 (GLOBE NEWSWIRE via COMTEX) — Initial cohort of HCV-infected patients begin dosing with ACH-3422 for seven days. Clinical trials may continue evaluating 200 mg of sovaprevir for HCV-infected patients. Timelines for reporting proof-of-concept results with ACH-3422, a proprietary uridine-analog nucleotide polymerase inhibitor, during the fall of 2014 and initiating all-oral combination studies by the end of 2014 remain on track >>> FULL PR

TransGlobal Assets, Inc. TMSH

We’ve been following TMSH since last week, and have not been disappointed. The stock has played out a textbook dip-and-rip scenario for the last three sessions straight, offering up many opportunities to make gains.

Yesterday, it came down as low as .0079 before ripping its way up to .0128, a healthy intraday increase of 62% Provided it continues to trade in this manner, we’ll be looking to take advantage of any similar swings to the ones we’ve seen already. We want to see it make higher lows, and break through the channel of resistance between the previous two sessions’ swing highs (.0128-.0139).

Side Note:

Even with so much else to talk about today, we can’t forget about another cash cow in Apple. AAPL Calls have been providing us with some excellent opportunities in recent weeks as well, and we’re still highly attuned to that situation as well.

Extended Watchlist:
DNAX, SPEX, AVNR, SGMS, ATEA, TPLM, KNDI

PHOT, CYTR, RNN & Extended Watchlist

Growlife, Inc. PHOT

We’re looking toward PHOT once again today, this old favorite of ours has provided us with opportinuties on countless occasions, and yesterday the company had some important news hit the wire. The company has enlisted the services of former Microsoft and Yahoo! exec, Marco Hegyi, to serve as Growlife’s President. The company is also set to begin a $40M capital infusion from a Nevada private investment group called CANX USA.

For these reasons, as well as the ripening conditions on the chart, we felt we needed to bring PHOT once again to the foreground of our discussions. We also prepared a video chart presentation for your convenience.

WOODLAND HILLS, Calif., Dec. 11, 2013 /PRNewswire via COMTEX/ — GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment and retail support software, is pleased to announce that effective immediately, Marco Hegyi will assume the position of President and join the Board of Directors.

CytRx Corp. CYTR

CYTR put forth an exciting day of trading yesterday, with the stock undergoing several bounces. The stock opened at 3.90, and hit a subsequent high of 4.39 (+13%). We then saw a pullback to 3.45, and a bounce to 3.74 (+8%). This was followed by bounce from 3.55 to 4.02 (+13%), it pulled back again, and made another swing, this time from 3.60 to 4.05. (+13%)

Flippers certainly had the chance to have a field day with this one, with possible cumulative gains on the order of 47% presenting themselves.

Rexhan Pharmaceuticals, Inc. RNN

RNN came off of yesterday’s extended watchlist to provide our readers with a chance for a nice flip, trading from a low of .4026 to a high of .5179. That move represents an intraday gain of up to 29% on roughly 10X the posted 3mo. average volume.

Extended Watchlist:
OCLS, SNTA, BAXS, ASTC, AVNR
IMUC & SYN – Big gap downs, looking for possible bounces

VLCK Options, OWOO & Extended Watchlist

VCLK Options
Last Monday, we were taking a look at the VCLK Options chain, specifically the $21 09/21 Calls. Following that report we observed a low of 1.10. By week’s end we observed an increase to 1.40 on Friday.

While we have not seen a power-move from VCLK as yet, with almost a month remaining until the expiration date on these contracts, there’s still plenty of time for that to occur. Especially the stock can continue to fill the gap on the chart (as we’ve pointed out below), the 09/21 $21’s could be pushed significantly deeper into the money by the the third week in September rolls around.

So far it has done a good job of posting higher highs and higher lows, and stairstepping its way toward those 50 and 200DMA’s at 23.38 and 24.00 respectively. We’ll be following along as it continues its recovery.

One World Holdings, Inc. OWOO
OWOO is coming off recent 52-week lows, and the company sent out a PR this morning containing some exciting news. They’ve retained the services of Steve Varner for the 3D sculpting of its planned line of celebrity dolls. Designing of two lines of Teenage Mutant Ninja Turtle action figures for Playmate Toys are among Varner’s notable acheivements.

It’s always interesting to observe the behavior of a stock that is coming off of its annual lows, especially one with untraded-upon news, so OWOO is going to be an area of interest for us as we kick off this new trading week.

HOUSTON, Aug 26, 2013 (GLOBE NEWSWIRE via COMTEX) — The One World Doll Project, subsidiary of One World Holdings, Inc. (OTCBB:OWOO) announced that it has partnered with Steve Varner of Varner Studios for all 3D modeling and sculpture work on its upcoming line of celebrity dolls.”When we first partnered with Steve Varner during the development of The Prettie Girls! Dolls, we immediately understood why his name is associated with so many successful toy products including Star Trek, Lara Croft Tomb Raider, The Teenage Mutant Ninja Turtles, McDonald’s Happy Meals and more,” said Joanne Melton, CEO of One World Holdings. “His work has always been of the highest quality and we are thrilled to once again have him as a part of the One World Team,” she added.

For more information on Steve Varner and Varner Studios log onto www.varnerstudios.com

Extended Watchlist:
IWEB, AVNR, HEB, CGEN, INO, SUNE