Blue Horseshoe Stocks: HUGE Day on Friday & More

Recapping Our HUGE Day on Friday

We had winners cropping up all across the board on Friday, with our options idea, as well as a couple stocks from our watchlist all having really solid sessions to close out the week, the month, and the 2nd Quarter.

Nike, inc. NKE – We signaled our interest in a range of Nike calls, and were not disappointed in the results. Our targets were the 07/07 $55.50-57 Calls and they all posted considerable gains on the day.

$55.50 Calls – Range: 1.89-4.01 – Max Gain: 112%
$56 Calls – Range: .98-3.33 – Max Gain: 240%
$56.50 Calls – Range: .77-2.95 – Max Gain: 283%
$57 Calls – Range: .51-2.52 – Max Gain: 394%

NKE wasn’t the first set of options ideas we crushed last week. We also tagged contracts in the DRI and CBI chains that subsequently went on multi-bag runs. As always, we strive to deliver a varied range of ideas for traders, and options are a huge part of that.
____

Digital Power Corp. DPW – After tagging it in our watchlist in Friday’s premarket report, DPW had a very respectable intraday swing right out the gate that morning. The stock ran from a low of .65 and reached as high as 1.05, which represents a 62% pop.

The stock couldn’t sustain more than half of that gain into the close, however it is trading up slightly in the premarket today. We’ll want to continue to monitor this play, watching for the building of higher base levels of support over the course of this short and divided holiday week.
_____

ShiftPixy, Inc. PIXY – Speaking of solid runners from Friday’s report that are showing signs of bullish premarket activity today, we’ve also got PIXY, a stock that IPO’d on Friday. A close contact in our vast network of traders gave us the heads up on the commencement of trading in PIXY, and we took the opportunity to pass it along to our readers by including it in our watchlist.

We weren’t sorry that we did, as its first day of trading was very positive. From its opening price of 6.30, PIXY traded up to 7.74, for a respectable intraday rise of 23%, nearly all of which it held into the close. This morning, the stock is gapping up in the premarket, having already hit a new high of 8.48 and extended our observed range to 35%

We’re quite anxious to see how this new stock will progress from here, even if the timing of tomorrow’s holiday isn’t ideal. If PIXY continues to be a huge hit with the investment community, just remember, you heard it here first!


The Players Network PNTV

Given the fact that it streaked to new all time highs to close out the week on Friday, we want to swing back around to pat ourselves on the back heartily for PNTV.

We originally brought this stock to our readers back in October of last year, after which time the stock was trading for as little as .012. Flash forward to Friday of last week, and the stock has rocketed all the way to .127 marking an incredible increase of 958%

However, even if you’re newer to our reports and only caught our most recent alert on PNTV on June 13th, you still had the opportunity for profits of up to 34% as the range in that time span ran from .0951 to the new high of.127. With the stock firmly blue sky territory, there’s no telling where this ride will end up!

Additionally, Nevada’s recreational marijuana sales kicked off over the weekend, so that ramps up the intrigue with this play, considering the fact that the company was recently grated two licenses to supply recreational consumers in that state.


Extended Watchlist:
CARA, EYES, SPEX, NSPR, RATE, OPXA,

Blue Horseshoe Stocks: OCRX Recap, Options & More

Ocera Therapeutics, Inc. OCRX

We noticed OCRX gapping up off of its bottom yesterday in the premarket, relaying that fact along to our readers in our morning report. The stock had a major gap to fill to the upside leading into yesterday’s session which we pointed out with a chart snapshot, and the excellent intraday run that ensued made some good headway in terms of filling a portion of that gap.

The stock traded in a range from .77 to 1.15 yesterday, for an intraday rise amounting to 49% and did so on immense volume to the tune of roughly 15X the 30-day average.

This morning in premarket trading we’re seeing another gap-up, trading as high as 1.37 so far. We’ll need to keep our eyes peeled right from the starting gun this morning as another bullish session could be forthcoming. We’re going to want to see yesterday’s closing value of 1.10 hold as support on any pullbacks in order to sustain our immediate interest.


e.l.f Beauty, Inc. ELF – Options Idea

We caught ELF on the heels of a strong earnings report wherein healthy beats on both earnings and revenues were announced. The stock is gapping up in premarket trading today, having breached the $30-mark with an early high of 30.99.

We always like a good post-earnings options idea so we’re going to formulate one that we can follow for the remainder of this week and into the next. We will be tracking the three sets of contracts in the range of ELF 03/17 $25-35 Calls over the next few sessions for potential quick strike trades.



Northern Dynasty Minerals. Ltd. NAK

We highlighted NAK in yesterday’s watchlist after noticing the stock had been trending steadily downward toward its 200DMA. We banked on the hunch that it would find support around that area, and were essentially spot-on in assuming a reversal was in the cards.

The stock underwent a classic dip-and-rip pattern, trading in a range from 1.08-1.34 for a modest intraday upswing of 24% While it didn’t blow our socks off on the first day, we still believe that serious upside potential exists for NAK from its current standing. All indicators are pointing to the strong possibility of this stock returning to the 2.00-level or better in the near future.

Additionally, a hike in the federal interest rates, which many expect as soon as this month, could have a positive impact on precious metal plays like this one, so it will be interesting to see what lays in store for NAK.


Extended Watchlist:
APRI, EYES, HUSA, SMTC, XTNT, VVUS

Blue Horseshoe Stocks: Options Review & More

Yesterday’s Options Ideas

The options ideas contained in yesterday’s premarket report ended up performing extremely well for us, further outlining why we focus so often on options trading.  

For American Eagle Outfitters, Inc. AEO, we were interested in $15-16 Weekly Calls after noticing its earnings beat, and we met with possible gains in all cases:

-The $15 Calls traded as low as .80 before hitting a high of 1.25, a gain of 56%

-The 15.50 Calls traded as low as .30, and hit a subsequent high of .75; an intraday increase of 150%

-The 16$ calls traded as low as .16 and hit a high of .35, which is equal to a 118% move.

Abercrombie & Fitch ANF was trending in the opposite direction, so we ventured a few conservative ideas* for Weekly $23-24 Puts and the stock continued its decline throughout the session, enabling considerable profits:

-The $23 Puts saw a low of .87 low and closed at 2.74 for an impressive 215% run.

-The $23.50’s rose from a 1.20 low and ended up closing at 3.00, marking a 150% jump.

– The $24 Puts went from a 1.53 up as high as 3.84, an intraday gain of 151%

This morning, ANF is continuing its decline in premarket trading, so traders who chose to hold any of these contracts would be up even more than the figures listed here.

*Please note that the contracts we selected, while they obviously did extremely well, were fairly deep into the money so as to play it relatively safe. Traders looking to assume a bit more risk could have chosen to strike outside of the money, and it would have paid off in a big way. For an example, we can refer to the ANF $21 Puts which traded in a range from .10-.90. (+800%).


Infosonics Corp. IFON

After appearing in yesterday’s extended watchlist, IFON rapidly produced a hearty early-morning rip. The stock opened up at 2.34 and ran as high as 3.18 in the first ten minutes of trading! Quick-witted traders could have come away with rapid gains of up to 36%


Extended Watchlist:
EYES, ARWR, ONCY, AVEO, NAVB

Blue Horseshoe Stocks: Reviewing EYES, MNST & More

Second Sight Medical Products, Inc. EYES 

When we first began tracking EYES in last Tuesday’s morning report, the stock was trading at a low of 9.55, and it would spend the next two sessions bulling its way up as high as the 14.40’s. On Thursday, the stock underwent a slight consolidation, coming back to ultimately find support in the 11.80-range.

Then on Friday, EYES made another significant run as it exploded out of the gate at a low of 12.17 and soared to an afternoon high of 17.39. It marked an strong intraday gain of 47% on more than 16x the 3-month average volume.

That high also resulted in an overall increase of 82% above the low we observed on Tuesday morning, an incredible 4-day swing for a stock trading in this price range.


Friday’s Options Idea

We also want to take a minute to congratulate any of our readers who connected on our options daytrading idea for Monster Beverage Corp. MNST from Friday’s report. Just to refresh your memories, we speculated that $135-137 Weekly Calls might have been in line to see some rapid upward moves, and that’s precisely what occurred as the stock made its own solid run.

The first hour saw MNST trading the entire breadth of its daily range from a low of 137.72 to a high of 143.89, and as a result, our targeted contracts saw sharp rises in excess of roughly 200%


Added Reminder:

For some of our newer readers who may not be familiar with our operating procedures, EnXnet, Inc. EXNT is going to serve as an excellent reminder of why we encourage our subscribers to check our blog at BlueHorseshoeStocks.com each morning, even if you’ve already read our report via email or a republish on a Third-Party website.

Very often, we catch runners early in the session that were not included in our daily premarket report, and when this occurs, we place these symbols on our sidebar tracker.

Just such a occurrence came in the form of EXNT on Friday at approximately 9:50AM when we spotted it and placed it on the tracker. From that time on, the stock traded up 137% from a low of .04 to subsequent high of .095, so again, we encourage everyone to visit Blue Horseshoe Stocks after trading commences each morning to catch potential late-adds just like EXNT.


Extended Watchlist:
 ARCP, ATHX, OHRP, AXPW, ONCY, CYCC

Blue Horseshoe Stocks: EYES, BIOC Recaps, RSHCQ & More

Biocept, Inc. BIOC

BIOC continued to roll for the third straight day yesterday since we tagged the play in Monday’s extended watchlist. We witnessed a trading ramnge from 3.90-4.91, which marked an intraday move of 26% on nearly 12x its monthly average volume.

Calculated from the low of 1.71 which we observed on Monday, yesterday’s high represented an overall increase of 187% in a span of just three sessions.


Second Sight Medical Products, Inc.  EYES

We added EYES into the mix in Tuesday’s report, and it too continued to trend up yesterday. The stock traded in a daily range from 11.25 to 14.75, a healthy 31% intraday run.

From our observed low of 9.55 on Tuesday, yesterday’s high was equal to a 54% session-over-session move.


RadioShack Corp. RSHCQ

We want to update our readers on RadioShack today, which despite its ongoing bankruptcy proceedings, has been a winning selection for us this year. We first jumped on it in our report published on the morning of February 9th, whereupon we witnessed a low of .1251 and on Tuesday, the stock hit .37, which comes out to a twelve-session increase of 196%

Yesterday we received word of the approval from a U.S. Bankruptcy Court judge to auction off roughly 2,000 RadioShack stores, with an initial bid of $200M having been entered by the Standard General hedge fund.

Lawyers for RadioShack claim that the company has received bids on the leases of more than 200 of the 1,100 locations slated for immediate shutdown, including interest from a unit of GameStop Corp. >> View Article

We’ll be interested to monitoring RSHCQ as events continue to unfold in coming weeks.


Yesterday’s Extended Watchlist Movers 

We also had a number of plays from yesterday’s extended watchlist make notable moves:

Legend Oil & Gas, Ltd. LOGL enjoyed an early pop, running straight out of the gate from a low of .0038 to as high as .0049; good enough for a quick intraday scalp of up to 29%

BenefitFocus, Inc. BNFT produced a substantial spike for a stock trading in its price range, rising steadily from its low 32.15 to hit 37.94, a gain of 18%

SFX Entertainment, Inc. SFXE also recorded a modest intraday increase of 14% as it traded in a range from 4.36 to 4.95. It’s worth mentioning that while the CEO of SFXE is attempting to take the company private, the board has come under investigation regarding the equitability of the proposed terms of that deal. Anyone considering SFXE should make themselves fully aware of that situation as it unfolds. >>> GO TO PR


Extended Watchlist:
ELX, PVA, ATOS, FRO, NXTD, GOGO(Signed deal with Delta)

Get Our FREE Daily Reports!