Blue Horseshoe Stocks: Bottom-Plays, NGBL Recap & More

Notis Global, Inc. NGBL

On an otherwise slow day, we were able to see a nice intraday move out of NGBL after including it in yesterday morning’s premarket watchlist.

This stock went from super-subpenny to subpenny territory, trading up in a daily range from .0009 to a high of .0015. That worked out to an intraday rip of 66% and it occurred on trading volume that exceeded the monthly average by roughly 75%

The stock tapered back to close at .0011, so it didn’t manage to hold at least half of its daily advance, but we’ll still remain interested in monitoring its activity provided it can hold support at or above yesterday’s swing-low on any pullbacks.


Oroplata Resources, Inc. ORRP

We also want to circle back to ORRP for an update this morning, following yet another solid intraday performance from the stock.

We  signaled this play for observation on both Monday and Tuesday, observing an overall low of .265. The stock has made higher highs and higher lows each day since, and yesterday it ran from a morning low of .355 to a new high of .50, a 41% pop.

From our initial low we witnessed at the beginning of the week, we’ve now seen ORRP make a total increase of 89% We’ll continue to have it on watch for the possibility of a sustained uptrend.


Enphase Energy, Inc. ENPH

We want to place ENPH on bottom-watch this morning after the events of the past few days have seen the stock coming off of a newly-recorded 52-week low.

There was a major selloff that resulted in a large gap on the chart, as you can see on the snapshot below, which was catalyzed by the company’s recent 13 million-share public offering. Since then the stock has been hovering around the level where the offering was transacted (1.20), but we’re going to want to keep it on watch for a recovery.

There has also been some recent insider buying in the stock, something for which we’re always on the lookout. All these factors, coupled with an oversold stock, make ENPH one that we’re going to be watching carefully in coming sessions.


OWC Pharmaceutical Research Corp. OWCP

We’ve got another possible subpenny bottom-play hitting the scanner this morning in OWCP. We’ve pointed out the various signals on the chart below, and will be monitoring the situation as we head into week’s end.

Regaining even half of its PPS levels of less than a month ago, would mean gains of at least 150% from the current share price.


Extended Watchlist:
CNAB, ELED, YIPI, HYSR, CHRO, TTCM

Blue Horseshoe Stocks: Bearish Options Idea & More

Abercrombie & Fitch Co. ANF – Options Idea

After noticing this morning’s earnings release from ANF, which included a big shortfall on expected sales as well as guidance for the remainder of the year, we may be interested in taking a bearish stance and using the current sentiment to our advantage with a series of puts.

We’re going to place ANF Weekly $22-19.50 Puts on watch as the stock is gapping down more than ten percent in premarket trading. If a large selloff continues to persist, we could be looking at some serious action in these contracts.

As long as the stock doesn’t recover past this morning’s premarket high of 22.95 once the session commences, this idea will remain in play.


Axiom Corp. AXMM

We’ve got an interesting chart setup on this subpenny stock that is sufficient to warrant tagging the play for observation. In addition to forming a fairly strong ascending triangle pattern, there are a number of other bullish attributes of which to take note.

As we’ve pointed out on the following snapshot, AXMM’s coming off of being oversold, and we’re going to want to see that RSI surpass the 50-line. Meanwhile the MACD just underwent a bullish cross, and if we can see a breach of the .0029-mark, there’s little in the way of resistance until you hit .0055, which would also represent a breach of the current 50DMA.


Extended Watchlist:
ADMD, CHRO, DPSI, TVPC, VRME,