Blue Horseshoe Stocks: DMPI Recap & More

Del Mar Pharmaceuticals, Inc . DMPI

We wanted to swing back around to recap the solid performance of DMPI since we tagged it the day after the Christmas break a couple of weeks back.

It was just a couple sessions later that the stock would find support at .96, and begin a pretty substantial run up the chart. It was helped along by the last six consecutive sessions registering higher base levels of support as the stock has crept all the way up to a high of 1.75, recorded on Friday.

That worked out to a move of 82% in less than two trading weeks, while volume over the same period has been heightened. The high coincided with the current 200DMA, so we’ll look for DMPI to possibly crack that 1.75 mark and head for blue skies.



Kohls Corp KSS

We want to include an options idea for Kohls as we kick off the first full trading week of 2018, on the heels of a solid earnings report.

The company posted strong sales for the holiday season, while giving a significant boost to full year guidance. Shares jumped accordingly in premarket trading, and we are going to be waiting with some targeted weekly contracts to coincide with the activity. We’re going to signal and track the KSS Weekly $58-60 Calls.


Extended Watchlist:
STX, UEPS, ARGS, SDRL, VRAY, NTEC, IMNP, KBSF

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Blue Horseshoe Stocks: NEPT Recap & More

Neptune Technologies & Bioressources, Inc. NEPT

We want to follow up with NEPT this morning as the stock continues to break out to new highs. We originally slated this one for observation back on November 28th, and it has been a near-continual uptrend since then.

Subsequent to that November report, we would witness a low of 1.30, and as of the newly registered annual high of 3.10 yesterday, it marked a run of 138% in just over four weeks, with volume having been especially impressive this week. That high also represents

We will continue to track NEPT as long as it continues to register higher highs and higher lows. It is a cannabis play, but based in Canada, and thus relatively unaffected by recent statements from the DOJ which caused a selloff in many domestic pot stocks late this week.


ChinaNet Online Holdings, Inc. CNET

Speaking of multi-year highs, we tagged CNET in yesterday’s morning report, just in the nick of time to catch the first bullish activity the stock has seen since 2014. An unexpected entry into the crypto space via a new partnership (>> View PR) sent shares through the roof.

CNET traded up from a low of 2.76 and went on to hit 11.90, marking an intraday run of 331% on an all-time high number of shares traded on the day. Course correction is likely, but we’re defintely going to want to keep tabs on CNET moving forward, as dip and rip opportunities may present themselves.


Extended Watchlist:
ANY, AMRN, IMNP, DNLI, MARA, MYSZ, VRAY,

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Blue Horseshoe Stocks: QURE Recap & More

uniQure N.V. QURE

We included QURE in our premarket report on Thursday, after the company’s hemophilia gene therapy treatment was advanced to Phase III testing.

What followed was an enormous influx of volume, and two really solid, bullish sessions, advancing from a low of 11.55 on Thursday to a new high of 19.34 on Friday. That works out to a very respectable two-day swing of 67%

It’s the highest PPS QURE has attained since 2015, and the two sessions come in at numbers 1 and 2 highest volume days of all time, so we’d say our alert was timed with absolute precision.


Organovo Holdings, Inc. ONVO

We included ONVO in Friday morning’s extended watchlist, and it also put up a pretty good performance on the day.

From a low of 1.45, the stock traded as high as 1.80 on fairly heavy volume. We’ll want to see the stock continue to establish higher highs and higher lows as it’s coming off of its bottom.


PetMed Express, Inc. PETS

We’d like to signal a post-earnings options idea for PETS this morning, after the company set new records with its Q2 numbers. It’s gapping up significantly in the premarket, and the volume it traded on Friday leading into the release was the highest all month.  We’re going to put the PETS 11/17 $40-50 Calls on watch moving forward.


Extended Watchlist:
TISA, IMNP, LBIX, GEVO, KALV, ATNM, ATOS, XNET

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Blue Horseshoe Stocks: Updates, New Ideas

ITUS Corp. ITUS 

As we were just mentioning yesterday, we first highlighted ITUS in Thursday’s premarket report, and later that day we observed a low of 1.92. Friday and Monday both brought the recording of higher highs and higher lows, and yesterday followed suit.

We watched as ITUS pushed upward once again, trading in a daily range from 4.00 to a new high of 5.15. It worked out to an intraday move of 29%, and an overall increase of 168% over the low we witnessed on the morning of our initial alert. For a stock that was already approaching $2/share when we came upon it, that’s a fantastic four-day swing.


IZEA, Inc. IZEA

Speaking of higher priced stocks we’ve called that have made some impressive moves, we’re talking about IZEA again as well. We called it on Monday morning, and saw a move from 4.54 to a high of 6.35 (+40%) that day, and specifically reiterated our signal yesterday morning.

It’s a good thing we did, because the stock wasn’t finished running. It made a modest 25% move up from a low of 5.73 to a new high of 7.17. That works out to an admirable two-day swing of 58%


Apple, Inc. AAPL – Options Recap

Yesterday morning we noted the fact that AAPL was showing signs of a reversal and rebound after a selloff period. We mentioned that we’d radar the AAPL Weekly $150-155 Calls for quick-strike trade opportunities and our idea worked very nicely.

Regardless of which strike price was chosen in our selected range, the chances for considerable intraday profits were on the table. The potential gains on the day were as follows:

$150 Calls – Range: 2.30-4.10 – Max Gain: 78%
$152.50 Calls – Range: 1.00-2.07 – Max Gain: 107%.
$155 Calls – Range: .28-.69 – Max Gain: 146%


Marathon Patent Group, Inc. MARA

We also want to talk about MARA this morning, as we’re noticing an interesting chart setup currently in effect. The laast time we mentioned the stock was in July, and while we were a little early to party as it was still searching for a bottom, it didn’t take more than a few weeks for the stock to ultimately establish support and launch a rebound off a low of .22.

Since that time, the stock has made a nice move to the tune of 127% as it reached a high of .50 this week. We’re going to look out closely for a potential breach of a previous resistance point at .56, after which the stock could see another leg-up. As you can see on the snapshot below, the MACD is executing a bullish cross while the RSI shows MARA about to break into the Power Zone.


Extended Watchlist:
AZRX, AVGR, DYNT, IMNP, HTBX, GNCA, MARK, TRPX

Blue Horseshoe Stocks: Reviewing June Winners & More

Moleculin Biotech,  Inc. MBRX

We wanted to circle back for an update on MBRX this morning, a stock that we signaled on June 21st, after noticing some abnormal activity the session prior.

Shortly thereafter we would witness a low of .96 in the stock, from which it would never look back. MBRX has been on a multi-day tear, with things really heating up yesterday. It ripped its way to a new high of 3.38, on more than 16 times the monthly average volume. That represents a total rise of 252%

We’ll continue to stay hot on the trail of MBRX for as long as it continues to build higher base levels of support.



Spherix Corp. SPEX

The day before the above-mentioned play, on June 20th, we highlighted SPEX after noticing the stock trading near a bottom, and it has been one heck of a ride since that time. We’ve seen this play run from a low of .9505 all the way up to 2.23.

The bulk of that move came in yesterday’s session wherein the stock also traded massive volume, so we’ll be on the lookout for a possible momentum spillover as we head into week’s end.


TrovaGene Inc. TROV

It was back on June 12th that we initially slated TROV for observation. The stock had been trending up off of recent relative lows since the beginning of this month.

Subsequent to our alert, we would witness a low of .85 in the stock and despite some swing-action, TROV has been in a general uptrend ever since.. As of the new high achieved in this morning’s premarket (1.60) it marks an increase of 88%


Constellation Brands, Inc. STZ – Options Idea

We’ve used the STZ optuions chain to our advantage in the past. The most recent occasion was last April, when we scored multibag gains with $155 Calls. The stock has been in serious growth-mode since then, and with a hearty, untraded-upon Q1 earnings beat this morning, we want to signal a range of contracts to watch once again.

The stock is gapping up to the $200-range today, and we’re going to be waiting in the wings with the STZ 07/21 $190-210 Calls.


Extended Watchlist:
GRPN, CHFS, SPLS, IMNP, LODE, INNMF