Blue Horseshoe Stocks: Bottom Play, Options & More

Biocept, Inc. BIOC

We took notice of BIOC on our routine morning scan today as a possible bottom play, as the stock tumbled to 8-month lows on Friday.  At the same time, the company released a PR this morning pertaining to the signing of a potentially lucrative, worldwide distribution agreement, a snippet of which we’ve included below.

We think it makes for an interesting confluence of events, and that’s why we’re going to be tracking BIOC closely as we kick off a fresh trading week.

SAN DIEGO, Aug. 14, 2017 /PRNewswire/ – Biocept, Inc. (NASDAQ: BIOC), a leading commercial provider of liquid biopsy tests designed to provide physicians with clinically actionable information to improve the outcomes of cancer patients, announces that it has signed an exclusive global Distribution Agreement excluding China, for the Company’s proprietary blood collection tubes (BCTs) with VWR International, LLC (>>View Full PR)


National and International Events Affecting Markets

There was a fair bit of hysteria going out over the newsreels last week over a potential nuclear conflict between North Korea and the US, and it led to a tough week for stocks in general. Whether this week plays out as a bear or a bull remains to be seen, but we’ll want to have options ideas lined up for either eventuality.

This morning, we’ve seen some signs of an abatement of those fears as stocks around the globe have perked up, and in the event that a rebound for domestic stocks is also in the cards for this week, we’ll want to signal the range of SPDR S&P 500 ETF Trust (SPY) Weekly $244.50-246 Calls for observation.

However if other outside factors, such as the civil unrest and domestic terrorism that unfolded in Virginia over the weekend serves to hurt US markets further, we may find ourselves more interested in tracking the iPath S&P 500 VIX ST Futures ETN (VXX) Weekly $12 and 12.50 Calls.


Extended Watchlist:
ZSAN, FCAU, CLMT,CVM CERC, FRSX

Blue Horsesehoe Stocks: New Highs on DCTH & More

Delcath Systems, Inc. DCTH

We brought DCTH back into the fold in yesterday morning’s premarket report, and it wasn’t a moment too soon. We mentioned our prior alert on the stock from last Monday. after which we would see a low of .0413 and subsequent run to a dime leading into yesterday’s session.

Then things really kicked into motion, with DCTH ripping its way from a daily low of .1037 all the way up to a whopping thirty cents! That worked out to an intraday bull run of 189% and extended our overall observed range from last Tuesday’s low to a mammoth 626%

That range has been extended even further to 745% in the premarket this morning as DCTH has hit a new high of .349. Unsurprisingly, volume over this period of huge gains has also been extremely heavy. We’ll continue to monitor DCTH in the hopes that it can sustain this fantastic multi-day run.



Vivint Solar, Inc. VSLR

In addition to including a remind tag on VSLR in yesterday’s report, we initially alerted this play on May 18th, and it’s been nothing but smooth sailing since then, en route to some pretty nice gains.

On the morning of the 18th VSLR touched a low of 2.75 and it never looked back. Yesterday, it managed a new high of 5.30, which represents a move of 93% over the course of roughly a month’s time. The sudden extra boost it received this week coul be due, in part, to a Goldman Sachs upgrade from Neutral to Buy on the stock and the raising of the price target to $6.


Adobe Systems Inc. ADBE – Options Idea

Adobe had its Q2 earnings call yesterday post-market, and blew expectations on the Street out of the water. As a result the stock is gapping up considerably this morning in the premarket, and we’d like to have an options idea ready and waiting to take advantage of the commotion.

We’ll radar the ABDE 06/30 $147 & $148 Calls and track them over the remainder of this week and possibly into the next.


Extended Watchlist:
ANY, AMD, BIOC, BDSI, DRAM, ITUB, MBRX

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Blue Horseshoe Stocks: BRAV Recap & More

Bravada International, Ltd. BRAV

We tagged BRAV in Friday morning’s premarket report after noticing increased volume and price action in the stock on our routine morning scan. It responded with one heck of a strong intraday performance, allowing traders a shot at a double bagger on the day.

BRAV traded up from its early morning low of .00128 to hit a high of .0028 shortly after 12:40pm, which was good for a 118% rip, and it came on 20X the 30-day average volume.


Deere & Co. DE – Friday Recap

We wanted to briefly mention our DE options idea for Friday’s session, the DE Weekly $118-121 Call.
 We normally include the exact gains made by our options calls, but are unable to on this play due to a technical difficulty, so we apologize for that.

That being said, DE ran from 119.00 to 122.24 on the day, and the potential for multi-bag gains in every single one of our highlighted contracts certainly were there for the taking.


FerroGlobe PLC (GSM)

A stock that’s hitting our scanner today is GSM, which recently came down to touch the lowest prices it had seen in eight months, and has been rebounding in anticipation of Q1 Earnings, which were released yesterday and are untraded-upon.

Additionally, the RSI on the GSM chart is about to break the 50-line, while the MACD has just undergone a bullish cross. A return to PPS levels of just three months ago would produce gains of 30% or more from current pricing. We’ll place GSM on watch over the next few sessions and will be interested to see how the activity plays out.


GlycoMimetics, Inc. GLYC – Recap

We were tracking GLYC late last week, and it turned out to be a rousing success. The stock saw a low of 7.21 on Thursday following our premarket alert, and on Friday it hit 14.64, for a two-session swing of 103% which is fantastic for a stock in this price range.


Extended Watchlist:
BIOC, CMCM, OCLR, GNC, MDR, SPHS,

Blue Horseshoe Stocks: BVTK Pops Again & More

Bravatek Solutions, Inc. BVTK

BVTK was among our mentions in Wednesday’s premarket report after it was unearthed in our chatroom* the previous morning before making a 500% move.  Those who missed that run got another chance right away as the stock ran from .0009-.0035 that afternoon, and topped out at .0041 to close out the short week on Friday. That added another two-day swing of 355% to the activity we had observed in BVTK, which was followed by a pullback to .0015.

Once again, to kick off the new trading week yesterday, BVTK began to run, returning to a high of .0034 on the day, representing yet another two-day upswing out of this volatile runner amounting to 127%  The stock ended the session having traded roughly three-and-a-half times its monthly average volume. Things could get very interesting if it can manage to crack resistance at the previous swing high of .0041.

The company filed an 8-K this morning as well , pertaining to an agreement with i3 Integrative Creative Solutions, pursuant to which i3 Integrative will promote and solicit commitments in the United States federal government military and civilian markets regarding the Company’s cybersecurity email software and telecom services. (>>View Filing)

*We encourage all of our readers to join in on our daily in-session live chats. To participate, simply create/sign into your Skype account and send a contact request to ‘stocksumo’.



Bank of America Corp BAC – Options Ideas 

Whenever we spot an opportunity to swoop in post-earnings with some options ideas, we jump on it right away, and that’s what we have with BAC this morning.

We haven’t highlighted this stock in quite awhile,but with a very solid beat on earnings and a small gap-up in the premarket, we’re going to want to signal a couple of short term contracts for observation in the BAC Weekly $22.50 and $23 Calls.

In the event that a more sustained rebound is in the cards, considering the fact that BAC was already coming off of a relative bottom just yesterday, we’ll have the BAC 05/12 $23.50 & $24 Calls on watch as well.



Bottom-Watchlist

We want to put an observational tag on both Sorrento Therapeutics, Inc. SRNE and OncoMed Pharmaceuticals, Inc. OMED.  Both of these stocks have taken serious beatings of late, and consequently, are in extreme oversold territory. Chances for recovery plays here seem quite high, so we’re going to watch for these to establish higher lows in sessions ahead.


Extended Watchlist:
JAMN, MYDX, CAB, SSYS, BIOC, NFLX

Blue Horseshoe Stocks: HIRU, OWCP Recaps & More

Hiru Corp. HIRU

Yesterday we re-signaled HIRU, a stock we’ve mentioned a couple times in 2017 already, beginning with our very first report of the year, subsequent to which we would observe a low of .0011.

So far this week, the stock has really picked up the pace with two consecutive bullish sessions. Yesterday alone it traded in a range from .0021 to a new high of .0036 just prior to the close, putting in a 71% intraday move. From our observed low, it marks an overall upswing of 227%, not to mention the fact that it closed just a single tick below that high of day at .0035.

Such a performance definitely warrants continued observation on HIRU in sessions to come.


OWC Pharmaceutical Research Corp. OWCP

Speaking of late-day pushes, we got one out of OWCP yesterday, which ran from a morning low of .21 up to .2957. That is the highest we’ve seen it yet since our next most recent report on the stock which came in mid-November.  Following that, we would catch OWCP trading as low as .085. That means, at yesterday’s new top mark, we had witnessed an overall upswing of 248% in less than two months.

If we jump back slightly further to our report dated 09/29, you can see that we actually caught this one at the subpenny level (.0045) from which yesterday’s new high represented an earth-shattering 6471% (<–That is not a typo!)

Granted the fact that yesterday’s high was its highest recorded PPS since 2014, we’d have to designate this one as a blue sky breakout, and continue to stay on its trail. Like any rapid riser, awareness of a possible dip-and-rip at some point must be maintained as well.



Biocept, Inc. BIOC

We’re also going to want to keep tabs on BIOC after yesterday monumental move on the strength of an agreement the company struck with Blue Cross & Blue Shield of Texas (>>Read PR). It’s a potentially lucrative development, and that is really showing through with the resulting activity on the chart.

With the stock having shattered previous resistance yesterday, we’re going to be monitoring for a continuation of the terrific momentum buildup from yesterday, as well as the possibility for a subsequent dip-and-rip pattern that could provide us with healthy opportunities over the course of the next few days.


Extended Watchlist:
SDVI, CRTC, PMEA, OTTV, AEPP, LXRP

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