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

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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

Blue Horseshoe Stocks: IMNG Goes Parabolic & More

Innovativ Media Group, Inc. INMG

Our regular readers may be tiring of so many mentions of INMG in such a short span, but the stock continues to soar to new heights on practically a daily basis, and yesterday, the intensity of the bullish pattern increased to impressive levels.

As we were just saying in yesterday morning’s report, we had already seen no fewer than three separate multi-bag rips from INMG in the past week. We also noted Tuesday’s strong close on heavy volume, and that we’d continue to stay on its heels. It’s a good thing we did, as INMG traded in a daily range from .012 to a new high of .0285, for an intraday pop of 138%

From last Thursday, over a span of just four sessions, we’ve now witnessed a total increase of 470% over our observed low of .005. Of course, participants in our daily chats* could have caught our original alert the previous day when the stock traded as low as .0019, from which yesterday’s high represents a five session swing of 1400%

Once again, the stock maintained more than half of its daily increase into the close on more than five times the monthly average volume, so we’ll need to continue to keep our heads on a swivel with INMG. At some point, the stock will peel back off of these impressive highs and that’s when we’ll be looking for what could be a serious dip-and-rip pattern.

*We encourage all of our readers to join in on our daily in-session live chats. To participate, simply create/sign into your Skype account and send a contact request to ‘stocksumo’.


SkyPeople Fruit Juice, Inc. SPU

We alerted on SPU in Monday’s premarket report after noticing the stock was searching for a bottom, with a monstrous gap to fill on the chart to the upside.

Tuesday’s session brought an end that search for a reversal, with SPU bottoming out at 2.30 before reaching 3.3299 yesterday. That’s an upswing of 45% and we will certainly want to continue to monitor SPU, which still has a mammoth gap to fill on the chart.


04/20 Holiday Reminder: We always have our eyes on the cannabis sector, but will intensify our focus today especially, given that it is the marijuana counter-culture’s main day of celebration for the year! Many companies in this arena use it as a promotional tool, and activity in the recreational space usually reaches a frenzy during this period, so be vigilant, and Happy 4/20 to all!


Extended Watchlist:
COTE, CSX, IMNP, ENDP, PLG, AMH, GEVO, MVIS

Blue Horseshoe Stocks: NUGT Options Recap & More

Direxion Daily Gold Miners Bull 3X ETF (NUGT)

NUGT has been on a fairly consistent rise for the past few weeks along with gold itself, and we were able to use the continuation of that trend to our extreme advantage yesterday.

We dropped a quick options idea for the NUGT Weekly $9-9.50 Calls into our watchlist, stipulating that we’d need to see a break of the 50DMA. We got what we were looking for, and the potential gains that followed were substantial.

$9 Calls – Range: .56-1.53 – Max Gain: 173%
$9.50 Calls – Range: .30-1.07 – Max Gain: 257%

Chat reminder: Also, we noticed the magnitude of the activity was going to allow for gains to made at higher increments, so we also suggested rolling up to the $10 Calls shortly after the open. Those ended up running 172% from from .25-.68.

We were just mentioning the benefits of our daily traders chats the other day, and here we have a fine example of why reading our premarket reports can be greatly augmented by participating in our in-session chats as well. Again, just send a Skype contact request to ‘stocksumo’ if you wish to join us!  Any of our readers are welcome!


TransEnterix Inc. TRXC – Insider Buying

We noticed a filing for a huge $5.2M insider position increase on TRXC at a price of 1.40, which coincides closely with recent relative lows, and isn’t too far above the stock’s annual low. We’ll be very interested to follow along with this stock after such a vote of confidence from an existing investor.  (>>View Filings)

Added Note: Speaking of insider trading plays, we also wanted to add a quick reminder on the one we submitted yesterday in STON. The stock made modest headway in continuing its established uptrend with a light 8% increase on the day, and will continue to be on our radars moving forward.


Immune Pharmaceuticals, Inc. IMNP

Additionally, we have a reminder to put out on IMNP, which we put on bottom-watch in our report dated December 27th. It took roughly a week of sideways trading for the stock to begin to perk its head up, but yesterday it began to gain some ground so we just wanted to remind readers that we still have this one on our viewscreens.


Extended Watchlist:
AMFE, GIGL, LIGA, GSAT, URRE, BPMX

Blue Horseshoe Stocks: Kicking Off the Short Week

Imprimis Pharmaceuticals, Inc. IMMY

We began tracking IMMY as it was coming off of recent relative lows on Thursday morning, and at the time the stock saw a low of 2.12 before continuing the bottom-bounce that initially drew our attention.

That trend continued on Friday, as we suggested it might in our premarket report, with IMMY adding a solid session wherein the stock pushed its way from a low of 2.50 to a new high of 3.05. It went down in the books as an intraday increase of 22%, and a two-day swing of 44% over our observed low from Thursday.


Momentous Entertainment Group, Inc. MMEG

Wednesday morning’s premarket report was when we caught on with MMEG, and after making a nice two-day swing of 123% from a low of .0017 to .0038 on Wednesday and Thursday, the stock continued to push upward on Friday and secured multi-day runner status.

From a low of .0032 the ran to .0055, which works out to a daily rip of 72% and a three-day overall move of 224% over the low we saw on Wednesday.


Yippy, Inc. YIPI

We tagged YIPI in Friday’s extended watchlist, catching the stock just in time to witness a solid run from .60-1.09, which marked an intraday rise of 82%

The excellent single-session move came on volume of more than 17X the monthly average, so we’re definitely going to want to keep an eye on it as we kick off this holiday-shortened week.


Novus Acquisition & Development Corp. NDEV

After first alerting NDEV on December 12th, we’ve borne witness to a really nice run that has essentially lasted the entire time since then.

We observed a low of .30 in the stock on that first day, and it didn’t fall below that mark once in these ten ensuing sessions. What it has done, is gradually raise the bar, until it cracked through the dollar barrier to set a new high of 1.05 on Friday. That qualifies as a two-week swing amounting to 250%


Petrobras Argentina PZE

To wrap up this lengthy review of all the recent winners we’ve been tracking, we want to make a quick mention of PZE, which we slated as a bottom-watch play at the end of last month.

We urged readers to monitor the stock closely in the days that followed, feeling strongly that a rebound was in order, and the month of December has really validated that notion convincingly. From the low we witnessed the day after our alert at 4.66, PZE has made its way to a new high of 6.77, a solid 45% swing.


Bonus Video – Cannabis Sector Update

Take a few minutes and have a look at this video update of the state of the cannabis sector, including closer views of a few of the specific plays we’ve been following in the space, and what they’ve been up to in recent weeks:

VIDEO: Cannabis Sector Review(Featuring Stock Sumo)


Extended Watchlist:
ECOS, PVCT, INVT, IMNP, MEMP, PLX