Tag: GORO

Blue Horeseshoe Stocks: OWCP Breakout Continues & More

OWC Pharmaceutical Research Corp. OWCP

Throughout the week, and since we first alerted it on Thursday, OWCP has been the gift that keeps on giving.  From that first session when it traded as low as .0045, the stock has made appreciable moves each day, and continued to provide intraday opportunities as well as a huge overall move to the upside.

Yesterday was no exception, as OWCP traded in a daily range from .014 to a new high of .03, a 114% intraday pop, and an overall increase of 566% from the low we observed on Thursday.

As pointed out in the following video presentation of the OWCP chart, we identify the current 50DMA of .018 as the ideal support level to hold on any forthcoming consolidations. At the very least, the stock will have to maintain its penny status and ultimately hold at a bare minimum of a .01 to maintain our attention.

Global Arena Holding Corp. GAHC

We’ve got GAHC which came up on our scanner this morning after giving off a strong bottom bounce signal yesterday as it ran from .0027 (just .0003 above current annual low) to .0036. We’re going to want to reserve it a spot on our watchlist in sessions ahead.

The current chart shows a number of indicators suggesting that GAHC could be set to make more moves to the upside, including a rapidly-strengthening RSI and a MACD pinching in for a bullish cross. If the stock were to make a run from current PPS levels to the 50DMA, we would be looking at gains of more than 65%

Extended Watchlist:
REN, GORO, CNBX, NUGN, NTNX, DEWM,

Blue Horseshoe Stocks: New Options Ideas & More

Options Ideas

JP Morgan Chase & Co. JPM  – The first item on our agenda this morning is going to be to formulate an options trading idea for JP Morgan on the heels of the company’s earnings beat this morning, which has the stock gapping up here in the premarket.

We’re going to be zeroing in on the JPM Weekly $63.50-65.50 Calls for potential daytrades, and/or swing trades into tomorrow, depending on how the activity unfolds.

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Seagate Technology Holdings, Inc. STX – STX has recently been making a nice move after a large gap-up earlier this week. In the premarket it is pressing past the 200DMA(30.20) and looks as if it could continue to truck higher and fill the gap on the chart to $33.

We have a couple corresponding options ideas that could be in line for some nice gains; for daytrading opportunities this week, the STX Weekly $30-31 Calls, and the STX 07/22 $30.50-31.50 Calls for potential swing trades into next week.


Updates on Recent Interests

SAExploration Holdings, Inc. SAEX – Last week, we tagged SAEX as a bottom-watch play and after a few sessions of mostly sideways trading, the stock has finally begun to get some legs this week. The bottom, and our observed low, came in at .1385, and yesterday SAEX hit .298. That works out to a four session swing of 115%

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Gold Resource Corp. GORO –  We’ve been tracking GORO closely since we entered it into the conversation at the end of June. At the time we had observed a PPS low of 3.19, and yesterday the stock continued to push its upper limits with a new high of 5.50. That represents an overall swing of 72% and a new 52-week high as well. Firmly in blue sky breakout territory, we’ll continue to keep an eye on GORO.

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Lot78, Inc. LOTE – After tracking it to some nice gains last week, we saw LOTE pull back slightly yesterday, to a swing low of .016 before it rebounded 37% back to .022. We’ll look for the stock to retest our previously observed high of .03, the breaching of which would put this one into blue sky breakout mode as well!

Extended Watchlist:
IDNG, OBMP, SNWV, KNDI, MRNS, BCEI

Blue Horseshoe Stocks: Options Updates & More

Options Updates

Barracuda Networks, Inc. CUDA – On Friday, we had just caught CUDA coming off of a heavy earnings beat, and we signaled our interest in a couple sets of contracts in the options chain to correspond with the expected activity. Specifically the CUDA 07/15 $15 and $17.50 Calls.  It was a good thing that we did, because what followed were some eye-popping gain opportunities!

The $15’s have now traded up from a low of 2.55 to a high of 6.53, for an excellent swing of 156%, while the $17.50’s have amazingly run from .60 to as much as 4.10, a huge 583% rip!

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Petroleo Brasiliero S.A. (Petrobras) PBR – We’ve drawn off of the PBR well countless times in the past, and our most recent idea, the PBR 07/15 $6.50 and $7 Calls (which we submitted on the morning of June 29th) has paid off with a couple of sizable swings.

In the roughly two weeks since we tabbed these plays for observation, we saw the $6.50 Calls run first from .30-1.07 (+256%), followed by a dip back to .35 and a rip back to 1.27 (+263%). The $7’s provided similar, yet even bigger action as they initially saw a move from .15-.69 (+360%), followed by a second from .14-.85 (+507%).

We expect the gains mentioned here to be extended as PBR is gapping up again this morning, and we may need to consider rolling up our strike prices to the $7.50 and $8 Calls as the situation dictates.

Gold Resource Corp. GORO

We also want to provide an update on another idea from the end of last week. We were circling back around to GORO on Thursday, a play we’d begun tracking two weeks prior from a low of 3.19.

Since our re-alert on Thursday, GORO has logged higher highs and higher lows in all three sessions. From Thursday’s low of 4.35 to yesterday’s high of 5.44 was a solid 25% upswing, and from our observed low of 3.19 (06/28), it marked a total increase of 71%

Fresh Options Ideas

SAGE Weekly $40 and $45 Calls

SHPG Weekly $187.50-195 Calls

Extended Watchlist:
NEWC, AAL, CLF, WLL, SSTK, FCAU,