FXCM Archives - Blue Horseshoe Stocks

Blue Horseshoe Stocks: Bottom-Bouncers, Options & More

FXCM, Inc. FXCM – Update

FXCM was part of the bottom-play watchlist we put together for yesterday’s premarket report, and as it turns out, we made a very timely alert on this play.

The stock did in fact begin the rebound for which we were on the lookout, trading in a daily range from 8.16 to 9.64. It represented a modest, yet notable intraday increase of 18% on more than three times its 3-month average volume. We’re going to continue monitoring FXCM for signs of a protracted resurgence.

Earthstone Energy, Inc. ESTE

Speaking of stocks trading at or near recent relative lows, we have another candidate to put on our watchlist for closer monitoring this morning. ESTE has been establishing a pattern of violent swings on the chart over the past several weeks, and recently fell off of a cliff from nearly $16 back at the end of May, to the $12-range this week.

The stock received another gut-punch yesterday as it gapped down considerably on news of an approximately $45M public offering of ESTE common stock at a price of 10.50/share (>>VIEW PR). The revelation wasn’t received well and ESTE tumbled further, to a new 52-week low.

That’s where we come in; we’re going to be keeping a close eye on ESTE in the sessions to come, not only because it is approaching heavily oversold territory on the strength index, but also due to the track record it’s built up for violent and rapid swings to the upside. We’ll be interested to track its activity into next week for the possibility of a bottom-bounce.

Lending Club Corp. LC

We also wanted to circle back around to LC this morning, a play we alerted off of its bottom on May 23rd and followed to respectable gains over the following few sessions.

After a consolidation that brought it back down close to our original alert price, the stock has strung together a few bullish sessions, and is now on the cusp of breaking past a point of previous resistance. If the stock can break through the channel between 5.07 and 5.42 (highlighted in blue), it will have a chance at filling the considerable gap on the chart.

Extended Watchlist:
XFTB, TOO, TOUR, JAGX, BIOS, ECOP

Blue Horseshoe Stocks: Bottom-Plays, Updates & More

BioNovelus, Inc. ONOV

For the third day in a row we’re bringing our readers up to speed on new highs for ONOV, a stock we’ve been tracking since April from a low of .006, which has been continuing to break out like crazy this week.

We said in was in blue-sky territory in yesterday morning’s premarket report, and it did indeed continue to soar into the atmosphere. From an early low-of-day at .11 it got a boost all the way up to its new high of .15. It went down in the books as a 36% intraday pop, and a megalithic move of 2400% over our witnessed low from earlier this spring!

Cheers go out to any of our readers who were able to carve out a slice of the ONOV pie, it’s been quite a ride thus far!

Bottom-Play Possibilities:

As most of our audience is surely aware by now, we love a good bottom-bounceplay opportunity, and in the past, catching stocks that have taken recent beating at just the right moment has served us quite well. We’ve got a couple of potentials in that arena this morning that we’ll want to have an eye on over the next few sessions.

Infinity Pharmaceuticals, Inc. INFI – This is a classic case of negative hype and unfavorable news simultaneously converging to form a perfect storm of stock bashing. Just look at the massive gap on the chart, even a partial re-filling of which would produce sizable gain opportunities. The enormous selloff which occurred led to new lows, but INFI gave something of a bounce signal during yesterday’s session, so we’ll be quite interested to see how the activity unfolds from this juncture.

FXCM, Inc. FXCM – Also giving off a strong bottom signal is FXCM, a stock we rode to multi-bag gains back in December. We want to come back and give some attention to this play as it has come down to find support near its 6-month lows, and appears ready for a possible rebound. We’ll want to be watching for when that occurs.

Extended Watchlist:
CRDS, MUX, AG, NUGT, GDX, AEGR(Bottom-Watch)

Blue Horseshoe Stocks: Winning Pick Roundup

Winning Pick Roundup

Despite the traditional holiday tax-loss selling season and generally subdued atmosphere that inherently goes along with it, we’ve managed to round up a fair queue of winning selections. We’ve touched on options plays, ETNs, and stocks; surprisingly it is the stocks that are making moves during this short trading week. Take a look at the plays we’ve been tracking and the kinds of moves they’ve made for us.

FXCM, Inc. FXCM

As we were mentioning in yesterday’s premarket report, we began following FXCM two weeks ago and subsequent to that, would witness a low of 6.68 in the stock. Even after showing us a 196% pop, it wasn’t finished yet.

Yesterday the stock made an appreciable intraday move from 16.80 to 20.36, which represents a 21% jump; quite impressive for a stock in such a price range.

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Swift Energy Co. SFYW

We placed SFYW on watch a week ago today, and it too has made some notable leaps during that time. From the low we observed on the day we began to track it (.065), it has managed to soar 82% to a high of .118 during yesterday’s session.

We’ll remain interested for as long as the stock continues to establish higher base levels of support moving forward.

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Hybrid Coating Technology, Inc. HCTI

HCTI made an appearance in yesterday’s premarket extended watchlist and anyone who was paying attention had a chance to bank a nice profit on the day.

From a low of .0015 the stock rushed to a daily high of .0021, which works out to an intraday spike of 40% It also closed at the high-of-day, and whenever we see that, we’ll always reserve a space on our watchlist the following day for the possibility of what we refer to as momentum carryover.

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Sunshine Biopharma, Inc. SBFM

SBFM was the other play from our extended watchlist yesterday that ended up turning some heads in the early part of the day. From morning lows of .008, the stock cracked into Pennyland, reaching a high of .0183 by lunchtime. That registered as a 129% intraday swing so congrats to anyone who was in on the action!

Extended Watchlist:
WTW, BVAP, ACTL, VSYM, GRNH

Blue Horseshoe Stocks: UGAZ, FXCM Update & More

VelocityShares 3X Long Natural Gas ETN (UGAZ)

In what is shaking out to be a characteristically slow short week for stocks in general, we’re going to adjust our focus a bit and turn to UGAZ. This triple-leveraged natural gas bull ETN has been gaining momentum and rebounding nicely off of its recently-established 52-week lows.

We’ll look for UGAZ to continue registering higher lows and higher highs, and make its way toward the 50DMA of 3.06. As we’ve pointed out on the chart below, there are a number of bullish indicators drawing our attention.

We’d also consider this idea to have a seasonal advantage as we are heading into the two coldest months of the year; the time when natural gas consumption rate is at its annual peak. We’ll eagerly place this note on watch in coming weeks to see how it responds to rising natural gas demand.

FXCM, Inc. FXCM

We placed FXCM on watch exactly two weeks ago and at the time, we observed a low of 6.68 in the stock and it never looked back. In the ten sessions since that alert, it has made some very impressive leaps and bounds.

The activity culminated in a new milestone for FXCM during yesterday’s session as it reached as high as 19.74, which represented a remarkable swing of 196%

Extended Watchlist:
CMRX, SBFM, BIEI, GRNH, SFYW, HCTI, AKVA

Blue Horseshoe Stocks: New Options Ideas, Bottom-Watchers & More

EffTec International, Inc. EFFI

EFFI was the standout play from yesterday’s daily report; we gained interest in this familiar play after noticing some abnormal volume and a PPS spike during Friday’s session.

The momentum it had built up was able to carry over into this new trading week, as the stock made its way from a low of .004 to .0056. It marked an intraday swing of 40% and puts us on alert for the possibility of further advances.

In terms of the technicals, the RSI just cracked into the power zone and the MACD is still bullish in appearance, with some serious upward divergence currently in effect. Provided the stock can continue to register higher lows on its way up, we’ll reserve space for it on our working watchlist.

RAIT Financial Trust RAS

RAS has come to our attention as a stock that has been plummeting of late, and we’re beginning to speculate as to how long the decline can continue. Though it may still have a ways to fall before ultimately reversing, we want to place it on a close bottom-watch as we feel the eventual rebound could produce palpable upward swings, especially with such a large gap to fill on the chart (pointed out below).

Hypothetically speaking, a return to its pre-gap levels would mean gains in excess of 75% over the current share price.

Fresh Options Idea – FedEx

FDX is presently trading near a prior support level, and with earnings scheduled for the post-market tomorrow, we want to signal a possible options trading idea.

We’re going to want to radar contracts in the range of Weekly FDX $140-145 Calls today and tomorrow for activity running up to the earnings call, incidentally, in the midst of the busiest time of year for parcel deliveries. Things could get quite interesting for this play inside of the next 36 hours, so we’ll be sure to keep our eyes peeled.

Extended Watchlist:
NRX, FXCM, BPMX, USMJ, URBF, UPZS