Blue Horseshoe Stocks: New Options Plays & More

Turtle Beach Corp. HEAR

This morning to kick things off, we are going to take a look at HEAR, which has gained a bit of momentum over the past couple of sessions after bouncing off a bottom earlier this week. ‘

Technically speaking, the chart has everything we typically look for- a bullish cross of the MACD recently came to pass and we are now seeing clear upward divergence there, and the RSI just cracked the 50-line, indicating that it too is going bullish.

Couple those factors with the convincing surge off of the stock recent relative lows, and we are set up for a possible continuation of momentum, for which we want to be ready with an options idea. We’ll be tracking the HEAR Weekly 10/18 $12.50-15 Calls.

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More Options Ideas

SPDR S&P500 ETF (SPY) Weekly $283-284 Calls
Stitch Fix, Inc. SFIX Weekly $31-30 Puts


Galectin Therapeutics, Inc. GALT – Form-4 Alert

We also want to make mention of GALT, which has been trading sideways near its 6-month lows recently. During this period, we’ve noticed a nearly $20M buy from a GALT insider at these lows.

When this happens we usually like to place a stock on bottom-bounce watch, as it generally tends to suggest that the company director has reason to believe that the stock has reached as low as it’s going to go for the time being.


Extended Watchlist:
AMPG, BOX, TWI, CIEN, ONVO, HIIQ, PBYI, WMGR

Blue Horseshoe Stocks: AMBA Recap & More

Adverum Biotechnologies, Inc. ADVM – Review

When we first brought ADVM into the mix on April 17th, the stock was trading for as little as 5.44, and it has never looked back. We updated readers on its performance a couple of weeks back, and once again this morning, we wanted to circle around to comment on the stock’s strong performance.

Yesterday, which marked the eighth consecutive stair-stepping session in which ADVM posted a higher low, it ran to a brand new high of 11.14. That works out to a total increase of 105% over the low we observed on the morning of our initial alert just over 6 weeks ago.Volume, especially over the last couple of weeks has also been exceptionally high. The stock is is blue skies, and we’re anxious to see where its ceiling will come.


Ambarella, Inc. AMBA

We tagged AMBA in yesterday morning’s premarket report ahead of the company’s quarterly earnings which came later during after market hours. Following a surprise beat, the stock has surged this morning, reaching a premarket high of 46.25. From our observed low of 38.06 that represents a respectable overnight swing of 22%

As you can see on the included chart, the MACD is headed for a bullish cross, and there’s still a large gap to the upside, so we will be tracking AMBA very closely on the heels of this development.

As an added bonus, we’re going to include an options idea for AMBA, the Weekly $42.50-44 Calls.


Extended Watchlist:
AMPG, BOX, ABIO, AEO,

Blue Horseshoe Stocks: LAHO Update & More

Lans Holdings, Inc. LAHO

When we brought LAHO to our readers exactly a week ago today, it was trading at .0005. After just a couple of sessions, it had registered a huge 240% move to a high of .0017. The stock then pulled back .0006 on Friday, and over another two sessions, ran back to .0014. That marks another upswing of 133% bring our four-day cumulative total to 373%

As sub-penny plays tend to do, we would expect to see LAHO continue to bounce around in this fashion. Savvy traders may yet see similar chances to profit, moving forward.


Wellness Matrix Group Inc. WMGR

WMGR is another stock that we wanted to put on our radars this morning. Regular readers of ours may recall that we occasionally include mentions of plays that are suggested to us by our followers themselves, when warranted. Such is the case with WMGR, which was brought to us by David S.

What we’ve got in WMGR is an incredibly low float stock (Just 4M shares!) that has been inching up incrementally on rising volume in recent sessions. We’re going to want to monitor in in the days and weeks ahead, as such low flot plays have the ability to make notable upswings over a relatively short time period.



NAVB & ABIO – Bottom-Bouncers

We also would like to call attention to a couple of stocks that we’ve mentioned on multiple occasions in the past, both in the biotech/pharma space. NAVB and ABIO registered as the NASDAQ’s 2nd and 4th top gainers of the day yesterday. In both cases, this followed considerable sell-offs. NAVB had been in steady decline since early April, and ABIO for the past three weeks.

We want to keep an eye on the situation on the chance that these bottom bounces were not isolated events. We’ll look for NAVB and ABIO to begin to establish higher highs and higher lows in coming sessions.


Extended Watchlist:
AMPG, AMBA, NLS, BOX, CAL,

Blue Horseshoe Stocks: BBLU Update & More

Blue Earth, Inc. BBLU – Update

While we most commonly look for short-term, quick-strike trading opportunities, every so often we’ll sneak in a longer-term play, and that’s just what we did on Tuesday of last week with BBLU.

BBLU had just begun to undergo a massive selloff with no prompt from a filing or news release. This caused us to take notice and tag the stock for extended observation. Our exact words were “We’ll go ahead and reserve a slot on our radar screens for BBLU with an extended bottom-watch designation. It’s far better to show up to the party early and be ready to strike immediately upon the slightest hint of a rebound.”

As it turns out, we were absolutely spot-on in our assessment of BBLU and how to approach it. After ultimately bottoming out at a low of .04 at the end of last week, the recovery has been a thing of beauty. BBLU caught fire and ran back to a subsequent high of .23, regaining its lost ground just as we suspected. That’s an incredible 475% swing!

As we point out on the chart below, things are still looking ripe for yet another leg-up, so we’ll keep a keen eye on BBLU in the sessions ahead.

Added Notes:

Speaking of bottom-plays, we have a couple of other familiar stocks that are just now trading at their own recent lows, and could be in line for recoveries.

We’ve been tagging them in our extended watchlists recently, and we’re going to have them both on a more intensive watch moving forward.

Axion Power International, Inc. AXPW

Skyline Medical, Inc. SKLN


Fresh Options Idea

We’ll look to further our success with options plays this week with an idea we feel has good potential based on a favorable earnings report.

Dollar General, Inc. (DG) is gapping up this morning into the $79-range, so we’re going to be on the lookout for a possible dip-and-rip situation, whereupon we’ll be tracking DG Weekly $78-80.50 Calls for possible daytrade and/or swing trades into tomorrow’s session.


Extended Watchlist:
AVXL, ANTH, BOX, RUN, HGG, PGEI, DEAC, SCIE