Turtle Beach Corp. HEAR
We do our best to keep up with all of the stocks we mention in our daily premarket reports, and this morning, we want to swing back to HEAR, which we were signaling for observation back on April 9-10th. Shortly thereafter, the stock traded for as little as 2.76, before beginning a steady month-long bull run.
Yesterday, HEAR attained a new high of 7.48, marking an excellent move up of 171% inside of the past month! Cheers go out to anyone who might’ve been able to take advantage of this very fine call.
Vista Outdoor, Inc. VSTO
We ran across VTO on our routine morning scan today, and want to include it as a high-potential bottom watch play. Whenever we see a stock this beaten back, and so egregiously oversold, we immediately go into rebound watch mode.
To help us take advantage of a possible recovery, which is overdue at this point, we’re going to want to signal an options idea to keep watch over in the days and/or weeks ahead- the VSTO 08/17 $15 Calls.
UURAF, LODE, PI, RKDA, BLNK, NIHD, FCRE
Pricesmart, Inc. PSMT
On Friday morning, we selected a pair of contracts in the PSMT options chain, and we want to start off this new trading week by updating our readers on the excellent progress those calls made.
Our targets were the PSMT 04/20 $80 & $85 Calls and some very nice intraday gains were posted on both counts. The $80 Calls made their way from a low of 5.12 up to 10.98 for a move of 114% while The $85′s traded up from 2.50 to 6.70, marking a 168% rip.
NII Holdings, Inc. NIHD
We also want to look back on the recent performance of NIHD. We placed this stock on watch in our report from the morning of February 28th, and after seeing its low the following day, the stock hasn’t looked back since.
From that low, which came in at 1.115 (03/01), NIHD has gradually pressed its way up as high as Friday’s mark of 2.6092, which represents a 134% swing in the course of five trading weeks.
MYSZ, ABEO, HEAR, TEUM, LUK, EYEG, SGMO, NVCN (Bottom-Bouncer)
Ocean Rig UDW Inc. ORIG
We’ve had ORIG on bottom-watch for just under a month now, as the stock was undergoing a consolidation that appeared unsustainable. It seemed just a matter of time before it began to rebound, so we were monitoring it for a signal and got one in a big way on Friday.
ORIG came off its newly-registered annual low of .12 and traded up as high as .237, a 98% rise which occurred on ten times the monthly average volume. More importantly, the stock managed to crack through its 50DMA at .19, and held above that mark with a closing price of .20.
We’re going to want to continue to track ORIG, looking for the registering of higher lows off of its recent bottom. The RSI is also screaming toward the power zone, so we’ll hope to see ORIG string together a multi-day run.
Camber Energy, Inc. CEI
Speaking of stocks that are gaining strength, CEI has been in a pretty convincing ascending wedge pattern recently, routinely recording higher highs and higher lows off of its annual lows established late June.
We’ve pointed out on the chart below where the next key areas of resistance are, so we’ll want to track CEI to see if it can maintain its current trajectory and make a run at those areas on the chart.
TEUM, ACRX, MDGS, NPHC, MTBC, CPST, HEAR