Blue Horseshoe Stocks: CVS Options & More

CVS Health Corp CVS

First up this morning, we’re taking a look at CVS, which is currently boasting an interesting chart setup along with a recent analyst upgrade.

The stock recently ran to an area of previous resistance near $84, and is currently down in the premarket along with the markets in general, but we’re going to be looking for a recovery.

As you can see on the annotated chart below, there appears to be an impending Golden Cross, with the 50DMA rising toward the 200DMA, and with the company’s quarterly earnings call slated for February 8th, we’re going to signal some options that could see some nice activity.

We’re going to radar the CVS 02/09 $77-80 Calls which will expire at the end of next week, and could explode with a favorable quarterly report.


Ballard Power Systems, Inc. BLDP – Update

We couldn’t have timed yesterday morning’s call of BLDP any better, outlining the reasons we thought the stock was ripe for a reversal. Among other things, it had strung together ten consecutive sessions of decreases or sideways trading, and yesterday brought the beginning of the rebound that we suspected was due.

From an early low of 3.39, BLDP made a modest, yet convincing move of 19% to a high of 4.04, before closing very near to the high of day at 4.02. It’s a good start, and we’ll want to see the stock continue to record higher highs and higher lows, and show some signs of sustaining its momentum.

Adding to the possibility of a continued uptrend is a PR regarding the company’s Protonex subsidiary this morning outlining a government purchase order of $1.6M for its power management systems for special operations military equipment.(>>View PR)


Extended Watchlist:
ALV, EXTR, FCSC, MNTA, PTI, NSPR, TVIX

Blue Horseshoe Stocks: IZEA, ITUS Recaps & More

ITUS Corp. ITUS 

We included a tag of ITUS in this past Thursday’s premarket report, after noticing the stock’s liquidity and price action increasing in a big way in the sessions leading up to that.

Despite already seeing big moves to that point, it was just the start for the excellent run made by this stock in the last three sessions. We observed a low of 1.92 in ITUS on Thursday, and yesterday the stock reached a new high of 4.30. That represents a three-day swing of 124%

Volume over the same period has been vastly greater than average. The whole trend was catalyzed when the company updated shareholders on its cancer detection technology, on the morning of our initial alert.


Helios and Matheson Analytics, Inc. HMNY

We’ve been tracking HMNY since  August 15th, where-after we witnessed a low of 2.42.
We were just mentioning this, and the fantastic multi-bag moves the stock has made since, in yesterday’s premarket report. We also mentioned that based on the previous close, that we’d “look for the continued establishment of higher highs and higher lows.”

Despite already having gone up so much in the course of the last five weeks, the stock’s excellent performance yesterday did push it to new highs yet again. In fact, it streaked all the way to 9.65, representing an overall move of 299% since we began tracking its activity.


IZEA, Inc. IZEA

We also want to reiterate our signal on IZEA yesterday, which made a move of 40% in trading up from its morning low of 4.54 to a high of 6.35. It was a respectable gain, but this morning the stock is gapping up and pushing the $7-mark, so we’ll jeep our eyes peeled for the possibility of a more sustained uptrend.


Apple, Inc. AAPL – Options Idea

With the hint of a reversal and rebound after a rapid weeks-long selloff in AAPL, combined with a premarket gap-up this morning, we’d like to signal a range of AAPL calls to coincide with the activity and possibly help us find some quick-strike trade opportunities. We’ll radar the AAPL Weekly $150-155 Calls to try to do just that.


Extended Watchlist:
INPX, ASNA, MBRX, CDXC, FCSC, TEUM, MYSZ

Blue Horseshoe Stocks: Kicking Off the Short Week

Netflix Inc. NFLX – Options Update

We hope all of our readers enjoyed the long holiday weekend! Our first order of business this morning is to provide an update on Friday’s options trading idea. We signaled our interest in tracking the NFLX Weekly $93.50-95.50 Calls for potential daytrades, and every one of the contracts within our targeted range allowed for multi-bag single-session gains.

$93.50 Calls – Range: 1.47-3.22 – Max Gain: 119%
$94 Calls – Range: 1.16-2.75 – Max Gain: 137%
$94.50 Calls – Range: .97-2.50 – Max Gain: 158%
$95 Calls – Range: .57-2.00 – Max Gain: 251%
$95.50 Calls – Range: .31-1.53 – Max Gain: 394%

We always issue the same warning when we submit a weekly options idea on a Friday, stating that it is very high-risk. While that is true, the high reward factor like we saw here is what keeps us interested in this sort of options trading.



More Updates

Lot78, Inc. LOTE - This was one of a pair of stocks we tagged for observation in Thursday morning’s premarket report, which finished off the week on a strong note. From a low of .0037, it surged to .0063 toward the end of the session. It closed at that high of day, having made an intraday jump of 70%

We’ll remain interested in LOTE moving forward provided it can maintain support at or above the .0046 level.

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GreenGro Technologies, Inc. GRNH – This is a stock that we’ve literally mentioned dozens of times in the past. Most recently was on Thursday, at which time we witnessed the stock trading at a nickel. Friday, it managed to reach .07, an overnight increase of 40%

We’ll also leave this on our radars going forward to watch for signs of a continued uptrend.


SAExplorations Holdings, Inc. SAEX

We’re going to be keeping an eye on SAEX, which raised flags on Friday with a hearty 70% bounce off of its 52-week low, established on Thursday.

Whenever we see stocks in this position, we’re interested in the possibility of taking advantage of the volatility and possible recovery. A return to even the current 50DMA of .48, where the stock was trading merely a week ago, would spell double-bag gains from current PPS levels.


Extended Watchlist:
GALE, PGNX, BCRX, FCSC, DRYS, AXU, BIND

Blue Horseshoe Stocks: VGZ, NEWC Reviews & More

Vista Gold Corp. VGZ – Recap

We entered VGZ into the mix in Friday morning’s premarket report after it became clear that it would be a troubling session for currencies in the wake of the Brexit vote. It was among a list of gold-related stocks that we wanted to track, and VGZ has set itself apart from the bunch.

From our observed low of 1.35 from Friday, yesterday’s high of 2.09 represented a respectable session-over-session upswing of 55%, so congratulations to anyone who took a piece of the pie during a time when big gainers have been relatively difficult to come by.

With the markets appearing to be gearing up for a rebound today, we’ll want to keep an eye out for a gap-down and consolidation from VGZ. We’ll only remain interested if it maintains support above its recent swing high around 1.50.


New Columbia Resources, Inc. NEWC

We also need to update folks on our NEWC reminder from yesterday’s report. It was a combination momentum/news play and the stock continued to set new highs.

From a low of .0179 it ran 35% intraday to .0241 on reasonably high volume to the tune of three times the monthly average. The company put out another PR today, and will hold our attention as long as it continues to exhibit momentum-play characteristics.

** Please Note: While we were the first to bring NEWC to our readers’ attention, we have noticed an active promotion on the stock, and would like to make it perfectly clear that we are not a part of that campaign, and have not been compensated in any way for mentioning NEWC. **


Fibrocell Science, Inc. FCSC

This is a stock that we haven’t crossed paths with in more than a year, but we noticed the beginnings of a nice rebound off of recent relative lows, and wanted to tag it for observation.

It has a ripe looking chart, and there is still a good sized gap that remains to be filled. We’ll have this play on our radar for that possibility moving forward.


Adaptive Medias, Inc. ADTM

We most recently alerted this one as a bottom play in our watchlist on Tuesday June 14th, and subsequent to that, the stock was trading as low as .0015. Yesterday ADTM broke out off its bottom, catching some nice momentum running as high as .0033, for a move of 120% in just two weeks’ time!


Bank of America Corp. BAC – Fresh Options Idea

BAC is among those stocks that took a Brexit-based pounding in recent sessions, and it appears to want to rebound a bit today. As long as this market reversal doesn’t turn out to be a head-fake, we’re going to want to pay attention to a couple set of contracts in the BAC options chain. Our possible strike points will be the BAC Weekly $12.50 and $13 Calls. If it can surpass the 13.50 mark, we’ll look to roll up our strike price a level or two.


Extended Watchlist:
DTII, OWCP, TWLO, FCX, WTW

Blue Horseshoe Stocks: TSLA Sustains Uptrend & More

Tesla Motors, Inc. TSLA – Options

TSLA registered its fourth consecutive session of higher highs and higher lows yesterday. In our morning report, we had just finished congratulating those of our readers who took advantage of the options trading ideas we ventured (05/22 $230-240 Calls). Returns ranging from 78-140% were made possible between Friday and Monday, and yesterday’s performance extended those opportunities even further. We could see a continuance of that pattern into today as well.

News coming down the TSLA presswire has likely contributed to the strength of this run, with the State of Maryland giving the company the green light for four direct-sales outlets in the state, a major victory for the burgeoning automaker. >>LEARN MORE

With all that having been said, with TSLA’s PPS settling in the high $244-range upon yesterday’s close and breaching the $248 mark in this morning’s premarket trading, we’re going to want to roll our range of monitored contracts up for action that’s closer to the money.

Should TSLA continue its bullish patterns, we’ll be scanning 05/22 $240-250 Calls for quick-strike chances just like the ones we’ve already witnessed.


Gevo, Inc. GEVO

On Thursday of last week, we caught GEVO as it made a great run from a low of 3.28 that day to 7.26 the following day; allowing us to close out the week with a premium chance at up to 122% in profits.

Following that impressive move we mentioned that we wanted to see the stock hold at the 200DMA of 4.90 upon pulling back, and while the stock wasn’t quite able to do so, support ultimately came Monday at a low of 4.43.

We want to eye GEVO once again this midweek as premarket activity is carrying the stock past mid-$5 range.


Extended Watchlist:
BVXV, FCSC, SPPI, CGTI, PBR