Blue Horseshoe Stocks: NQ, RAD Reviews & More

NQ Mobile, Inc. NQ

NQ appeared at the top of our extended watchlist yesterday and stood out as the day’s top pick. The stock increased gradually all day long from an early low of 3.86, and touched 4.77 just prior to the closing bell. That solid intraday move was good for gains of up to 24% as NQ traded close to 6X its 3-month average volume.

The spike came on the heels of a big announcement from the company as it gears up for an $80M buyback program that will last for the duration of 2015.

BEIJING and DALLAS, Dec. 23, 2014 /PRNewswire/ – NQ Mobile, Inc. (“NQ Mobile” or the “Company“) (NQ), a leading global provider of mobile internet services, announced today that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to US$80 million of its shares over the next 12 months. >> FULL PR

Rite-Aid Corp. RAD

Just a reminder for those who might have missed our close coverage of RAD over the past week, we latched onto this stock last Tuesday, catching it at a low of 5.79. We’ve seen incremental gains from this play from that time, and yesterday it continued to press upward, setting a new high at 7.45. That marked an overall increase of 29% that we’ve observed in just one week.

The stock continues to push its way up in premarket trading this morning, having traded as high as 7.54 so far, so we’ll be certain to pay close attention as we close out the early portion of this split trading week, and once we return on Friday.

As we stated yesterday, according to the opinions of many analysts, RAD has room to see a PPS in the $8-range, and with the movements we’ve tracked over a short period of time we wouldn’t be at all surprised to see that happen.

The markets wrap up at 1PM this afternoon for the start of the holiday break. We want to take this opportunity to extend our warmest Season’s Greetings to all of our readers regardless of how you will be spending the hiatus. Be safe and well, and we will be back bright and early on Friday to close out the week! Cheers!

Extended Watchlist:
ISNS, DRD, HALO, WATT, LIQD(Gap-Down, Watching for Bottom)

Blue Horseshoe Stocks: RSH Update & More

Radio Shack Corp. RSH

RSH has made regular appearances in our reports over the past couple of months, starting in the beginning of August, when we caught the stock off of its 52-week low of .55.

Following a major run-up to the 1.60-range on August 29th, the stock has been under a general consolidation amid bankruptcy rumors. This week, the company was hinting at possible refinancing deal that would allow them to avoid that situation for the time being, and this morning, that deal was confirmed.

As a result, the stock is up significantly today, having traded as high 1.65 in the premarket. We’re going to want to see support hold at previous resistance points at 1.15 and 1.30. Already, at today’s early highs, we’re seeing more than a 100% increase off of the lows we observed following our most recent RSH alert (.80)

Rockwell Medical, Inc. RMTI

RMTI is another morning gapper that we’re going to place on watch today. With the stock coming off of a recent bottom, it’s going to be interesting to see how today’s development affects its price action.

The company put out a hefty PR this morning regarding a commercialization/distribution deal with Baxter Healthcare (BAX):

WIXOM, Mich., Oct. 3, 2014 (GLOBE NEWSWIRE) — Rockwell Medical, Inc. (RMTI), a fully-integrated biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with innovative products and services for the treatment of iron replacement, secondary hyperparathyroidism and hemodialysis, announced today that it has signed an exclusive agreement with Baxter Healthcare Corporation, a subsidiary of Baxter International Inc. (BAX), to commercialize Rockwell’s hemodialysis concentrate product line in the U.S. and in select overseas markets.>> VIEW PR

BioCryst Pharmaceuticals, Inc. BCRX

BCRX appeared on Wednesday in our extended watchlist, and what has followed has been two fruitful sessions in a row. From a low of 9.89 on Wednesday, we witnessed as the stock bulled its way into yesterday’s close, reaching a daily high of 11.49, a solid 16% overnight increase.

Inovio Pharmaceuticals, Inc. INO

Speaking of pharma plays, INO, a stock that has appeared several times in our reports recently, is also making moves concurrently with the present concern over the Ebola virus outbreak. The company actually has a Ebola vaccine with which they’ve reported success in treating animals with the deadly virus. Anything to do with Ebola is getting a lot of attention at present, and INO is no exception.

Side Note:

Jobs numbers were out this morning, to a positive reception. We will subsequently be looking for dip-and-rip opportunities with regard to options trading. Friday is characteristically a day when premiums start to come down as a result of time decay, with expirations looming. We’re looking at potential opportunities trading Calls in plays like SPY, AA, ISRG, & GPRO.

Extended Watchlist:

Blue Horseshoe Stocks: APPG, RSH & OTIV Updates

Apptigo International, Inc. APPG

Our readers may recall that we tagged APPG as a potential bottom-play in Friday’s premarket report, as the stock was coming off its 52-week lows a couple of sessions prior.

We mentioned that we liked APPG “provided it can hold support above .365 in order to break the pattern of its recent downtrend”, and it did in fact maintain support above that level. We saw a daily range from .37-.43 which is equal to a 16% move, and the stock closed just a penny below its high-of-day.

We’ll be monitoring APPG as we kick off a new trading week, and looking for the stock to register higher lows and higher highs to confirm a sustained uptrend.

RadioShack Corp. RSH

Despite recent uncertainty caused by talk of possible bankruptcy proceedings, RSH did well on Friday. We’ve been tracking the stock heavily since the beginning of August, where we caught it at its 52-week low of .55.

Following a gradual incline to a high of 1.77, the stock has been under recent consolidation, and toward the end of last week we were looking for it to maintain support above its then-50DMA of .83, and it did just that.

On Friday it traded in a daily range from .86-1.00 (+16%), and closed at .91. Like the previously mentioned stock we’ll need to see RSH record higher lows and higher highs, and test its next key areas of resistance at 1.15 and 1.30.

It should go without saying that we’ll also want to keep our ear to the tracks for updates on RSH’s tenuous financial situation.

On Track Innovations Ltd. OTIV

OTIV made an appearance in Thursday’s newsletter on our extended watchlist. We saw the stock touch a low of 3.12 that morning, and then begin a gradual ascent spanning through Friday’s session as it went on to a subsequent high of 3.94 (+26%).

It’s going to remain high on watchlist today, as we’ve already seen trades in the premarket going off as high as 4.39. At that level, our total possible gain on this stock over the course of just a few sessions is expanded to 41%

Extended Watchlist: