Tag: IBIO

Blue Horseshoe Stocks: APP, ZGNX & Extended Watchlist

American Apparel, Inc. APP

April 15th was the day we brought APP back into the conversation, because if you recall, this is one of our old-time favorites that we turn to around the same time every year for the predictability of its seasonal trading patterns.

Right off the bat, APP did not disappoint- that day we saw a low of .47, and on Tuesday, the stock reached as high as .6895, marking a positive move on the chart of 47% in only a week.

After the resistance at the 50DMA (.68) the next hurdles come at .80, .91, and 1.05. We’ll be continuously monitoring this play over the next several months as it tends to ramp up in price over the course of the summer heading into the height of the retail season.

Zogenix, Inc. ZGNX

ZGNX is a stock that is catching our eye due to the current setup of the chart. If you track back to November, you can see that the stock ran from its current levels to more than 5.00 by February.

We are looking at it now, as it is coming off of a recent bottom, and is gapping up this morning in pre-market activity (Currently trading over $3.00). The RSI is in a general uptrend, and a quick look at the MACD reveals an extremely bullish divergence on the heels of a recent cross.

We just want to throw ZGNX up on our radars at this point, because a return to February highs would mean potential gains approaching 70% from current levels.

Extended Watchlist:
INFN, ZGNX, CLSN, KOOL, IBIO,

Blue Horseshoe Stocks: PLUG, BIOF, PEIX & More

Yesterday we saw money leaving the Solar Sector from profit taking, and it seems we’ve found new stocks that are heating up quickly, in the Energy Sector.

Plug Power, Inc. PLUG
PLUG first appeared in our reports back on February 15th. After being featured again in March 15th’s report, trading as low as .1161 at the time, and making its way up to .3177 by the 20th. That marked a gain of 174% Following that run, it pulled back to find support in the .15-range a few weeks ago.

Yesterday, the stock broke both the 100DMA (.28), its previous high at .3177, touched .3278, and closed just above the previous high at .318. We’d ideally like to see support hold at .318. Should it fall below that, we’ll need PLUG to hold support at .26-.285 in order for us to remain interested.

We’ve pointed out several key aspects of the chart below:

Continuing our theme of energy plays, here is a group that will be high on our watchlist today:
BIOF, PEIX, SCOK, FXEN,

BIOF and PEIX are some old-time favorites of ours in the ethanol sector. These two stocks generally tend to trend together, and have given us the opportunity for several gains over the long timespan we’ve covered them.

SCOK is a coal company that has recently gained some momentum, we want to keep an eye on that one today as well.

FXEN is a NASDAQ-listed energy play that also set off our scanners yesterday, as it enjoyed quite a fruitful trading session. Like the others, we want to keep an eye peeled for continuation of existing momentum.

We’d also like to congratulate ourselves for our stellar call of TCPS, which made a beauty of a run from .0025-.0061 (+144%), it then dipped back to .0045 and ran another 36% back to .0061, for cumulative intraday gains of 180%

It also made us the winners of yesterday’s Penny Stock Rumble:

Extended Watchlist:
TENP, CLNT, CLSN, IBIO, MBND,

AAPL, DRHC & Extended Watchlist

Dethrone Royalty Holdings, Inc. DRHC

Our bottom-bounce call of DRHC yesterday was spot-on. The stock pulled back to .0065 before running as high as .0094. In the video chart that we published along with our alert, we stated that we were simply looking for a quick 30-50% move out of DRHC, and that’s exactly what we got.

We like the activity we are seeing from this bottom play and will continue to monitor for subsequent bounces, provided the stock holds above yesterday’s support level of .0065.

Apple, Inc. AAPL

We sincerely hope our recent coverage of Apple calls hasn’t fallen upon deaf ears. We started with the $415 & $420 Calls last Monday, and kept raising our strike price as time progressed and Apple traded higher. On Wednesday, we had lifted it up to the $445’s, $450’s, and were even looking as high as the $455 Calls. The $455′s were as cheap as 2.30 on Friday, and hit a high of 9.80 yesterday, a possible gain of 326%, and that upward trend should continue.

This morning, Apple is trading up pre-market, causing us to once again raise our strike price into the $465 and $470 Calls. That being said, Apple has been on an absolute tear since its last earnings release, steamrolling upward for the past couple of weeks, thus we want to stay on our toes so that we won’t be caught off guard by a reversal. The next key resistance points are likely to be at $469.95, and $484.94. Should it break those levels, there is a gap to fill up to $504.77, as we point out on the chart below.

Extended Watchlist:
MWIP, ARNA, NLS, USU, ONCY, IBIO,