Blue Horseshoe Stocks: IMNG Goes Parabolic & More

Innovativ Media Group, Inc. INMG

Our regular readers may be tiring of so many mentions of INMG in such a short span, but the stock continues to soar to new heights on practically a daily basis, and yesterday, the intensity of the bullish pattern increased to impressive levels.

As we were just saying in yesterday morning’s report, we had already seen no fewer than three separate multi-bag rips from INMG in the past week. We also noted Tuesday’s strong close on heavy volume, and that we’d continue to stay on its heels. It’s a good thing we did, as INMG traded in a daily range from .012 to a new high of .0285, for an intraday pop of 138%

From last Thursday, over a span of just four sessions, we’ve now witnessed a total increase of 470% over our observed low of .005. Of course, participants in our daily chats* could have caught our original alert the previous day when the stock traded as low as .0019, from which yesterday’s high represents a five session swing of 1400%

Once again, the stock maintained more than half of its daily increase into the close on more than five times the monthly average volume, so we’ll need to continue to keep our heads on a swivel with INMG. At some point, the stock will peel back off of these impressive highs and that’s when we’ll be looking for what could be a serious dip-and-rip pattern.

*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’.


SkyPeople Fruit Juice, Inc. SPU

We alerted on SPU in Monday’s premarket report after noticing the stock was searching for a bottom, with a monstrous gap to fill on the chart to the upside.

Tuesday’s session brought an end that search for a reversal, with SPU bottoming out at 2.30 before reaching 3.3299 yesterday. That’s an upswing of 45% and we will certainly want to continue to monitor SPU, which still has a mammoth gap to fill on the chart.


04/20 Holiday Reminder: We always have our eyes on the cannabis sector, but will intensify our focus today especially, given that it is the marijuana counter-culture’s main day of celebration for the year! Many companies in this arena use it as a promotional tool, and activity in the recreational space usually reaches a frenzy during this period, so be vigilant, and Happy 4/20 to all!


Extended Watchlist:
COTE, CSX, IMNP, ENDP, PLG, AMH, GEVO, MVIS

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Blue Horseshoe Stocks: Key Updates & More

NovaVax, Inc. NVAX

NVAX continued its multi-day recovery with a fourth straight session of intraday gains leading to a new high for us yesterday. We’ve talked about it almost every day this week, initially bringing it up in Monday morning’s report; at the time the stock was trading as low as 1.36.

It has made some nice, steady progress, and yesterday the stock made its way to  high of 2.25, marking an intraweek upswing of 65% on extremely heavy volume throughout.

We’ve also taken notice of series of Form-4 buys that were reported after hours yesterday, the largest of which was a 100,000 share block at an exercise price of 1.72. We’ll look for the stock, to maintain support at or above that level on any pullbacks moving forward in order to stay interested in tracking it.


APT Systems, Inc. APTY

This is another play we’ve been tracking since last Friday, and it too has managed an excellent uptrend this week, after we initially observed a low of .0036 subsequent to indicating our interest. Yesterday the stock traded in a range from .0065-.0125 for a 93% intraday push, and that new high marked a one week swing of 247%

We’re definitely going to stay on its trail heading into next week, provided it can hold support in the channel between .0072 and .01 on any upcoming pullbacks.


ACRE Reality Investments, Inc. AIII

Part of our bottom-watchlist that we submitted for Tuesday morning’s premarket report, AIII has made solid steps to the upside throughout the rest of the week, confirming the fact that we timed the bottom with absolute precision.

From Tuesday low of 1.0194, the stock has sustained a good recovery, and made its way back to a high of 1.32 yesterday (+29%). This is another one we’ll continue to follow into next week, as there still appears to be room for it to run.

As we’ve pointed out on the annotated chart below, the RSI is gaining strength having just breached the 50-line, the MACD is on the verge of a bullish cross, and the PPS is approaching key resistance at the 50 and 200DMA’s of 1.33 and 1.35 respectively. We’ll continue to monitor the situation as we close out another trading week.


Extended Watchlist:
SAEX, BLRX, ENDP, MAXD, MJNA, NPWZ

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