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

Blue Horseshoe Stocks: Huge Day for MYO & More

Myomo, Inc. MYO

We were just mentioning yesterday to kick off the week, how our mention of MYO in Friday’s premarket report. and how it had run from 10.10 to 18.20 for an 80% move on big volume. We stated our ongoing interest in the stock, and even cautioned that a dip-and-rip formation could materialize early on before MYO went on to confirm its status as a multi-day runner.

We don’t own a crystal ball, but you might have had a hard time believing that yesterday. The stock behaved precisely as we suggested it may, pulling back slightly in the first 15 minutes of the session before embarking on a day-long bull run to new highs.

MYO dipped to 14.51 before ripping its way to 23.20, for an intraday push of 60% and a two-session swing from our observed low on Friday (10.10) amounting to 130% We can’t remember the last time we called a ten dollar stock and saw it record a double-bagger inside of two days, but it doesn’t happen very often for stocks trading at a high multiple. Cheers to anyone who was along for the ride!


ReWalk Robotics Ltd. RWLK

We also want to give ourselves a quick pat on the back for spotting RWLK  in the premarket yesterday and including it in our report. The stock had just begun to inch up on Friday, but yesterday its run realy kicked into gear.

RWLK ran from a low of 1.40-1.95 for a modest yet solid intraday pop of 39%, but that figure has been notably extended in the premarket this morning with a new high of 2.10, which pushes our observed range in under 24 hours to an even 50%

We’ll look for RWLK to establish higher highs and higher lows once again to confirm it as a multi-day runner and stay interested in tracking it moving forward.


Delcath Systems, Inc. DCTH

We also want to do a recap of DCTH, which we last mentioned at the beginning of last week on the 12th. Subsequent to that report, we observed as DCTH saw a low of .0413 the following day. Despite having a little trouble breaking through resistance in later sessions, yesterday did the trick as the stock hit .10, marking a move of 142% in the span of one trading week.


Enphase Energy, Inc. ENPH

ENPH has slowly but surely been making some headway in coming up off of its annual lows established in May, but this morning the stock is gapping considerably, into the ninety-cent range.

We want to place this stock on watch in the wake of what we believe to be the catalyst for this activity – an Edgar filing alluding to a “Master Licensing Agreement” the company granted to Flextronics Industrial, Ltd. (>>View 8-K)


Extended Watchlist:
LPCN, VSLR, VVUS, SPEX, NK, CFMS

Blue Horseshoe Stocks: DCTH Review & More

Delcath Systems, Inc. DCTH
We flagged DCTH in Friday’s premarket reportas a prime bottom-bounce candidate that could be in line for a serious rebound, and even despite the markets as a whole taking a gut punch, it ended up being a great single-session play, and the NASDAQ’s top gainer.

From an early low of .0501 the stock surged as high as .0845, which works out to an intraday rise of 69% and it occurred on more than ten times the 30-day average volume, with DCTH logging its second-highest daily volume of all time.

We’d say our timing was extremely fortuitous on this rebound play, and with the kind price action and liquidity that we witnessed Friday, we’ll definitely be interested to see how the action unfolds to kick off this new trading week.


TrovaGene, Inc. TROV

We wanted to make mention of TROV this morning after noticing a cherry of a PR buzzing over the newswires. The company announced an agreement to provide tests and services for pharma giant AstraZeneca.

Whenever we see one of these smaller pharma company’s have joint news with a big player in the sector, we always want to pay attention to the stock. A perfect example of this is Pieris Pharmaceuticals, Inc. PIRS, which we signaled back on May 4th when that company also had news tying it to none other than AstraZeneca. What followed was a 55% run lasting nearly a month that took it from 3.26 the following day to a high of 5.06 last Monday, the 31st.

On the chance that TROV experiences a similar bullish push on the heels of its own AstraZeneca announcement, we’re going to be sure to have this one on watch in coming sessions.


Ascena Retail Group, Inc. ASNA

We’re also taking notice of a nice technical setup on ASNA, which owns the Lane Bryant retail brand among others, and was another of the NASDAQ’s top gainers of the day on Friday.

The activity came in the wake of a rather disappointing earnings release in terms of financials, but investors clearly responded well to the company outlook moving forward.

As you can see on the included snapshot, the stock picked up speed in its recent ascent off of a bottom, and began to fill a gap on the chart to the upside. We also have a number of other indicators pointing to a possible continued uptrend, so we’ll afford this stock a slot on our watchlist.


Extended Watchlist:
XBIT, DXTR, RWLK, ABIL, ADHD, ENRJ

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Blue Horseshoe Stocks: BABA, ABIL Recaps & More

Options Recap

Alibaba Group Holding Ltd. BABA- There was quite a to-do yesterday morning after BABA went rocketing up in the premarket on raised revenue guidance, and we jumped at the chance to signal some options ideas to correspond with the activity.

In our premarket report we highlighted the BABA Weekly $140-145 Calls  with the explicit warning that “Whenever a stock has gapped up this hard, we must be on the lookout for an early pullback into a dip-and-rip pattern” and we really couldn’t have been more spot-on with how we approached this play if we had a working crystal ball.

We don’t have that, but we do have loads of experience identifying winning options plays, and not only did the stock behave exactly as we said it would, selling off before exploding to new highs, but every single contract we highlighted went bananas as a result.  Regardless of which of our four highlighted contracts was chosen as the strike price, gains ranging from the 1100% to the 3100% range. Not bad for a day’s work!

$140 Calls – Range: .34-4.40 – Max Gain: 1167%
$141 Calls – Range: .25-3.65 – Max Gain: 1360%
$142 Calls – Range: .16-2.87 – Max Gain: 1694%
$143 Calls – Range: .12-2.41 – Max Gain: 1908%
$145 Calls – Range: .05-1.63 – Max Gain: 3160%

We’re going to look for similar chart activity today to lead to further gains in these plays, but as we always do when discussing weekly options on a Friday, we feel obligated to warn our readers that trading such contracts is for EXPERT traders only!
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Yahoo! YHOO – We were also looking at some YHOO contracts yesterday, although they didn’t have much open interest with the exception of the Weekly $55 Calls. Those ran from .10 to 1.01 for a 910% rip on the day.


Ability, Inc. ABIL

On Wednesday morning we flagged ABIL as a possible bottom-play and the subsequent activity over the ensuing two sessions has been excellent.

The first day it ran from .6298-.91, for a solid 44% rise, and yesterday, it one-upped its performancde with an intraday run from .80 to a new high of 1.69. It was good for a daily pop of 111% and a total two-session upswing over our observed low amounting to 168%


Delcath Systems, Inc. DCTH

We also want to mention DCTH this morning, a stock that had been in a continual downtrend for months on end. It just began to show life yesterday and is gapping up in premarket trading this morning, so we’ll just want to keep an eye peeled.

As we said, this stock has been ridiculously oversold for a long while, so the resulting snapback could turn out to be pretty impressive. .


Extended Watchlist:
ADHD, CAMT, GMO, OPTT, RADA

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Blue Horseshoe Stocks: More New Highs for OCRX, Updates

Ocera Therapeutics, Inc. OCRX

We caught OCRX coming up off its bottom and included it in Wednesday’s morning report. That day the stock ran from .77 to 1.15 (+49%) on massive volume.

We mentioned as much in yesterday’s premarket report, highlighting the strong close, and noting that “another bullish session could be forthcoming” provided the stock didn’t dip below 1.10 on any pullbacks. We got just what we were looking for; another bullish session as the stock traded up from 1.24 to 1.94, an intraday increase of 56%

It registers as a two-day swing of 152% over our observed low from Wednesday, and we’re going to want to be on the lookout for the stock to have a strong close to the week as well. It closed at 1.89, just under the high of day, once again with huge volume on the order of sixteen times the monthly average.



Caterpillar, Inc. CAT – Options Update

Our regular readers will recall our options idea on Caterpillar that we offered up in our report from last Friday morning. We were tracking the stock over a significant backslide in the sessions leading up to that and felt it had further to fall, so we highlighted the CAT 04/07 $88-85 Puts, choosing an extended expiration date to give our idea time to mature.

Since then, it has worked like a charm, with our identified contracts each making triple-digit percentage gains as CAT stock continues to fall:

$88 Calls – Range: .50-1.36 – Max Gain: 172%
$87.50 Calls – Range: .51-1.22 – Max Gain: 139%
$85 Calls – Range: .27-.74 – Max Gain: 208%



Bottom-Bounce Watchlist

Catabasis Pharmaceuticals, Inc. CATB – We’re interested to follow CATB, which we noticed is coming up off its bottom and gapping up in the premarket this morning. Even at its early high of 1.79, there’s still a sizable portion of the monster gap we pointed out below left to fill.

Pareteum Corp. TEUM - In the case of TEUM, it began to show hints of a reversal yesterday after several bearish sessions, and it too is gapping up in premarket trading today. We’ll keep an eye on this one as well.


Extended Watchlist:
CCTL, MYSZ, PRKR, SRRA, DCTH