Tag: BIOS

Blue Horseshoe Stocks: Welcoming New Readers & More

Welcome, New Readers!

We’ve had a sizable influx of new subscribers join our ranks in the past several days, so we wanted to take a minute this morning to officially greet our new readers! We’re glad you decided to join up to get our heads-up ideas on everything from stocks, to ETFs, to options! 2017 has started off as another great year for us, and we only expect it to get better!

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Burlington Stores, Inc. BURL – Options Update

We reported our interest in tracking some BURL options in the wake of a strong earnings report yesterday morning, and signaled the BURL 03/17 $85-95 Calls. Just as we suspected, the boost of momentum from that earnings beat provided the fuel for those contracts to put up some impressive performances on the day.

The possible gains so far, which could be augmented today with another bullish move, were as follows:

$85 Calls – Range: 5.60-10.00 – Max Gain: 79%
$90 Calls – Range: 2.50-5.20 – Max Gain: 1084%
$95 Calls – Range: .71-1.93 – Max Gain: 172%

InterCloud Systems, Inc. ICLD

We also want to continue keeping an eye on ICLD, in which volume has been exploding over the past couple sessions as the stock has rebounded off of its 52-week lows.

The stock traded in a relatively modest range from .0157 to .02 (+27%) yesterday, but closed with strength. Especially with the enormous flow of volume at the present time, we’re definitely interested in tracking ICLD’s movements over the next several sessions.

Fresh Options Ideas:

Big Lots, Inc. BIG –  Big Lots had a mixed bag earnings report today, missing estimates on sales, but beating on profits. Still, it appears as if BIG could be gearing up for a decent run, so we’re going to highlight a range of options to track- the BIG 03/17 $52.50-57.50 Calls.

Caterpillar, Inc. CAT – On a bearish note, things got ugly for Caterpillar yesterday as multiple federal agencies participated in a massive raid of its offices in relation to a years-long IRS investigation into a billion dollar tax discrepancy. CAT stock took a massive gut punch, and could continue to see hardship as more details of the investigation and possible consequences become available. We’ll be tracking the CAT 04/07 $88-85 Puts, which could fare extremely well if it comes down to fill a gap on its chart which we’ve pointed out below.

Extended Watchlist:
BBRD, HGGG, RGBP, USRM, MKAU, BIOS, GNC

Blue Horseshoe Stocks: Options Updates & More

Shire plc SHPG – Options Update

The idea that we formulated earlier in the week with regard to the SHPG options chain has already provided us with gain opportunities, but the gap up we’re seeing this morning could really make things interesting. Just to refresh your memory, our target range was the SHPG Weekly $175-180 Calls.

With the stock gapping up big-time, having already hit a high of 185.00 in the premarket, anyone who entered one or more of these contracts prior to this morning will be in line to reap some serious profits right out of the gate.

Our observed lows for each set of contracts was as follows: $175 – 2.60, $177.50 – 3.00, $180 – 1.65. With every one currently being pushed deep into the money, it will be interesting to see the subsequent highs that are recorded today.

We feel it’s generally a good idea to lock in profits on a gap-up, just in case the stock retraces and fills the gap.

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FRESH OPTIONS IDEA:

Tesla Motors Corp. TSLA – Tesla took a gut-punch yesterday as Tuesday’s post-market announcement of its offer to purchase SolarCity met mixed reviews, and appears to be setting up for further backsliding.

Should this bearish trend persist into today’s trading session, we’ll be very interested in tracking the activity of
the TSLA Weekly $200-195 Puts.

BioScrip, Inc. BIOS

We also want to provide a brief update on BIOS, a stock we alerted on Friday just in the nick of time to catch a nice uptrend. From a low of 2.23 that day, the stock has recorded higher highs and higher lows every session since, culminating in a new high of 2.87 yesterday. That works out to a respectable four-session boost of 29%

We still like the look of the BIOS chart, which is showing hints of potential for further moves to the upside. Key resistance is sitting at the previous swing high of 3.10, so we’ll be on the lookout for a breach of that level,.

Extended Watchlist:
CTIC. XIV, BKS, PBR, ONCI, ZONX, RXDX(Potential bottom-play)

Blue Horseshoe Stocks: Bottom-Bouncers, Options & More


FXCM, Inc. FXCM – Update

FXCM was part of the bottom-play watchlist we put together for yesterday’s premarket report, and as it turns out, we made a very timely alert on this play.

The stock did in fact begin the rebound for which we were on the lookout, trading in a daily range from 8.16 to 9.64. It represented a modest, yet notable intraday increase of 18% on more than three times its 3-month average volume. We’re going to continue monitoring FXCM for signs of a protracted resurgence.

Earthstone Energy, Inc. ESTE

Speaking of stocks trading at or near recent relative lows, we have another candidate to put on our watchlist for closer monitoring this morning. ESTE has been establishing a pattern of violent swings on the chart over the past several weeks, and recently fell off of a cliff from nearly $16 back at the end of May, to the $12-range this week.

The stock received another gut-punch yesterday as it gapped down considerably on news of an approximately $45M public offering of ESTE common stock at a price of 10.50/share (>>VIEW PR). The revelation wasn’t received well and ESTE tumbled further, to a new 52-week low.

That’s where we come in; we’re going to be keeping a close eye on ESTE in the sessions to come, not only because it is approaching heavily oversold territory on the strength index, but also due to the track record it’s built up for violent and rapid swings to the upside. We’ll be interested to track its activity into next week for the possibility of a bottom-bounce.

Lending Club Corp. LC

We also wanted to circle back around to LC this morning, a play we alerted off of its bottom on May 23rd and followed to respectable gains over the following few sessions.

After a consolidation that brought it back down close to our original alert price, the stock has strung together a few bullish sessions, and is now on the cusp of breaking past a point of previous resistance. If the stock can break through the channel between 5.07 and 5.42 (highlighted in blue), it will have a chance at filling the considerable gap on the chart.

Extended Watchlist:
XFTB, TOO, TOUR, JAGX, BIOS, ECOP