Blue Horseshoe Stocks: LAKE Recap & More

Lakeland Industries, Inc. LAKE

Yesterday’s report turned up another premium opportunity for us to take advantage of a big intraday move. LAKE produced the largest percentage gain on the NASDAQ, starting out in the morning at a low of 10.32, and pressing upward all day long, hitting its high of 13.68 just prior to the closing bell. That equates to a strong 32% increase, and it came on more than twice the 3-month average volume.

LAKE is probably going to be a stock that we’ll want to monitor into the new year, following the recent revelation that the company would be releasing its Q3 financials on December 10th, which are expected to include increased sales to the tune of +15%  We’ve been made aware that those numbers will not reflect international sales or impact from Ebola-related orders which are expected to be realized in fiscal Q4 2015 (period ending 01/31/15) >> Read PR


Options-Trading Side Note:

We want to give ourselves a pat on the back for accurately determining how to approach PBR this week. Just to give a quick rundown; we outlined the PBR January 17th $10 and $11 Calls in Monday’s report. We watched as they dipped back and gave us a good chance for a discounted entry, and in yesterday’s premarket report, stated that we’d attempt to reap our profits on the gap-up that was in progress.

From the lows we observed Monday, ($10: 1.16, $11: .67) we were able to achieve significant gains at yesterday’s early highs. The $10 Calls ran as high as 1.57 (+35%) and the $11 Calls saw the 1.00-mark (+49%).

There’s still plenty of time before these contracts expire, so there’s a good chance that we’ll be able to realize further opportunities down the road from the PBR 01/17 $10 and $11 Calls.


Let us take this opportunity to wish all of our members a safe and happy holiday, and we’ll see everyone for a half-session on Friday.


Extended Watchlist:
TASR, GPRO, CZZ, FCEL, JCP

Blue Horseshoe Stocks: NYMX Update, LTNC & More

Nymox Pharmaceutical Corp. NYMX

We certainly hope our readers read over yesterday’s morning report thoroughly, because it would mean that people caught our closing note on NYMX in the extended watchlist. We mentioned the big gap-down on the stock, and that we’d be on the lookout for a reversal.

It didn’t take any time at all for NYMX to behave according to our suspicions; it opened at a low of .59 and immediately began its recovery, which lasted for a good portion of the day and culminated in a high of 1.03. Big congratulations are in order for anyone that took advantage of that 74% intraday rip.

The huge gap-down was apparently caused from a knee-jerk reaction to Sunday’s announcement that the company’s prostate cancer treatment (NX-1207) failed to meet primary efficacy endpoints in Phase 3 studies.

It’s fair to mention that prior to yesterday’s session, NYMX was trading at a base level just below $5 (50DMA of 4.77) and yesterday’s bottom-bounce carried it back up to a mere fraction of that level, so it will be interesting to see how much of its lost ground could potentially be recovered in coming sessions.


Labor Smart Inc. LTNC

We caught LTNC on a routine news scan this morning, and we really like what we learned from a quick glance at the PR. LTNC announced that its October revenues set a company record ($2.7M), contributed to a 23-month streak of year-over-year increases, and brought total revenue for 2014 over the $20M-mark.

Those highlights are substantial enough to have us put LTNC on our radar moving forward. A company exhibiting growth patterns like these is certainly worth watching.

The chart is also coming off of a relative bottom, so it could be that we’ve stumbled across LTNC at just the right time.


Extended Watchlist:
CDTI, CDVI, ODP, VSR, MWW, FCEL

Blue Horseshoe Stocks: Potential Bottom Play & More

Yesterday’s Top Picks

Wednesday was a pretty good day for a couple plays off of our watchlist; top billing goes to an ETF rather than a stock.

We tagged JNUG (gold miner’s bull index) and were pleased at the scope of the run we witnessed. Over an impressive daily range from 8.43 to 12.35, it offered us the chance at gains in excess of 46%

Meanwhile, UNIS registered a solid 25% intraday move as it spiked from a morning low of 2.78 on up to 3.49. Both plays blew their 3-month average trading volume out of the water for the day.


First Liberty Power Corp. FLPC

We also want to flag FLPC today for a number of different reasons. This subpenny stock is coming off of a recent bottom, and has recorded higher lows and higher highs for the last 4 consecutive sessions. Yesterday it broke above its 50DMA (.002), and we’re going to be looking for support to hold at or above that mark in order for us to remain interested.

A quick view of the chart reveals some of the potential of FLPC:


Extended Watchlist:
HKUP, RT, PBR, JBLU, FCEL, BLDP, PLUG, 

Blue Horseshoe Stocks: FREE, DRL, BAA & More

FreeSeas, Inc. FREE

After we brought FREE to our readers in last Thursday’s report, the stock was trading as low as .675. It turned out to be a good bottom call for us, as we have now seen two consecutive days of higher lows, and yesterday FREE attained a high of .91 into the close.

That marked a two session move up of 35% and as the stock closed at the high of day, we’re going to want to monitor FREE for momentum carryover into today. We’ll also be looking for another session of higher lows and higher highs to signify that the uptrend remains on-track.


Doral Financial Corp. DRL

We’ve been tracking DRL since June 9th, (Trading at a low of 3.53) and in that span, we’ve seen some significant movement from this stock.

Last Thursday, in an update on DRL we mentioned that we’d pay careful attention to the stock “over the next handful of trading days.” That turned out to be a good idea, as we’d observe a low of 7.08 on Friday, and a subsequent high of 8.14 during yesterday’s session, a solid increase of 15%

Counting from the initial low we observed in DRL in June, yesterday’s high represented a gain of 130%



Banro Corp. BAA

We have a potential bottom-bounce play in BAA this morning. We caught this one on a routine scan and noticed how it has taken a huge dive over the past few weeks. After closing at .479 on 07/09, the stock came all the way down to close at .181 this past Friday.

The stock has begun to find support and bounce off of its base over the past couple of sessions, so we want to keep a close eye on BAA moving forward.



Yesterday’s Extended Watchlist Movers

We also had a couple of plays off of yesterday’s ‘EW’ that fared well.

TROV
TROV made a nice move from a low of 3.75, on up to 4.78, an intraday gain of 27%

MOBI
MOBI also gained some ground as it traded in a range from 7.47-8.60, for possible gains of 15%


Extended Watchlist:
ARO, SKH, FCEL

Blue Horseshoe Stocks: MCPI, DRL, KNDI & More

Med-Cannabis Pharma, Inc. MCPI

First up this morning is an update on MCPI, which has been a juggernaut over the past week, beginning on August 4th at a price of .355. We’ve tracked the stock every step of the way, and yesterday, were pleased to see it break over a dollar.

At the high of 1.14, we were looking at an overall increase of 221% over the span of only seven sessions. Those who may have just picked up on MCPI following yesterday morning’s report, still had the opportunity to score some quick intraday gains as the stock ran 42% over its daily range from .80-1.14.

Anytime we see such rapid gains over so short a period, it starts to feel like the time to take at least a portion of our profits off of the table. However, unsustainable increases often lead to dip-and-rip scenarios as we’ve already seen from MCPI, so we aren’t done tracking it by any means.


Doral Financial Corp. DRL

Another recent successful call is DRL, which we first took notice of back on June 9th, at which time the stock traded at a low of 3.53. More recently, we re-tagged DRL on the 23rd of July, at a price of 5.23.

No matter where you mark our starting point from, yesterday’s move to a high of 7.47 represented chances for significant gains. From the 07/23 alert, it marked a solid move of 43%, and  from our earlier 06/09 call, an overall increase of 112%


Kandi Technologies, Inc. KNDI Options

We’ve had KNDI in our reports and on our radars quite a bit this year. We’ve watched recently as the stock has consolidated over the past couple of sessions, and yesterday’s pullback to 17.03 seemed a bit exaggerated. The stock appears to be a gapper this morning, currently trading up in the high 17.50’s.

Should a reversal occur we’re going to have interest in the options chain, specifically the 09/20 $17.50 Calls. As usual, we’ll adjust our strategy accordingly as the overall trend becomes clear.


Side Note:

We want to radar NII Holdings, Inc. NIHD this morning as well, a stock that was recently hammered back to 52-week lows. We’ll monitor for the eventual bottom and any bounce opportunities that may present themselves.


Extended Watchlist:
ICTL, BTCS, LIVE, HPJ, FCEL

Get Our FREE Daily Reports!