Blue Horseshoe Stocks: RGSE Review & More

Real Goods Solar, Inc. RGSE

We put RGSE on watch in yesterday morning’s premarket watchlist, and it turned out to be the number one gainer of the day for us.

The stock traded in a range from 1.78 up to 3.25, for an intraday gain of 83% on immense volume of more than 410X the monthly average. It marked the second time this week that we caught a huge PR which rocketed a previously stagnant stock into the stratosphere, after seeing the same thing with ECYT on Monday.

The company entered into an exclusive license agreement with The Dow Chemical Company for the POWERHOUSE™ solar shingles system, an innovative and aesthetically pleasing solar shingle system developed by Dow. (>>View PR)

We’ll continue to keep an eye on this play and watch for the establishment of higher highs and higher lows in coming sessions.


Constellation Brands, Inc. STZ – Options Idea

We’ve been waiting for a solid earnings beat gapper, which is typically the type of play we look for with regard to quick strike options ideas. STZ fits the mold today, after posting enhanced profits and outlook this morning.

The stock has been in a general uptrend for the whole of 2017, trading in an upward channel and is presently gapping up to new all-time highs. The range of calls we’ll be tracking after what could very well be a classic dip-and-rip formation are going to be the STZ 10/20 $210-220 Calls. That gives us a couple weeks to potentially see one or more significant swing trade opportunities.


Extended Watchlist:
ATOS, APVO, CDNA, COLL, INO, CLSN, ONVI, CERS

Blue Horseshoe Stocks: Bottom-Watchlist & More

Coin Citadel CCTL

Among the plays we signaled in a bitcoin-related watchlist we formulated at the end of May while bitcoin prices were going haywire, was CCTL. We’ve actually been tracking this play for a lot longer than that if you refer to the CCTL Tag on our blog.

As recently as May 23rd, this stock was trading at the bottom of the barrel with a .0001 share price, and it has made just the kind of moves that one might expect from a super-subpenny play that suddenly finds itself in the middle of one of the trendiest market spaces.

Yesterday, we observed CCTL trading as high as .0008, which of course marks a rise of 700% over our witnessed lows in the space of ten trading days. We’re going to want to keep an eye on the stock, and be on the lookout for a key break into the double-zero range.


Bottom-Watchlist

We’re always searching for a good bottom play, and we’ve got a few to add to our watchlists this morning.

Dragonwave, Inc. DRWI – Up considerably in the premarket and moving to fill a previous gap on the chart this morning is DRWI. The company recently closed a hefty round of funding, which may explain the circumstances which led to it recording a new 52-week low yesterday. The company did, however, announce it has been awarded a big product supply and installation services contract from SmartSky Networks, a North American 4G LTE in-flight service provider. (>>View PR)
____

Ability, Inc. ABIL
- Also gapping up to a lesser degree in the premarket is ABIL. We’ll want to keep a good eye on this one, as it recently registered a new annual low. If the activity boost we’re seeing this morning develops into a more sustained trend, we could be catching the stock just in time for a recovery.
____

Sugarmade, Inc. SGMD – Sugarmade is coming off of a bottom on the chart as well, trending up moderately for the month of June so far. This morning the company announced it had received purchase orders for hydroponic growing equipment that could yield as much as $3M this year. (>>View PR)


Extended Watchlist:
GAHC, NVAX, INO, KITE, CVNA

Blue Horseshoe Stocks: HMNY Review & More

Helios and Matheson Analytics, Inc. HMNY

We’ve been watching HMNY for awhile now, and tagged the stock in yesterday morning’s premarket report. While it didn’t exactly go to the moon, we were quite pleased with the solid performance it put forth on the day.

It coincided with the company’s announcement that it had obtained licensing rights to a facial recognition technology developed in Israel. The stock traded up from a low of 3.65 to as high as 4.90, which marks a move of 34% and it came on an incredible 285X the 30-day average volume.

That kind of surge in liquidity is sure to produce some interesting results that we will be eager to track as we head through midweek.


Pilgrim Petroleum Corp. PGPM

Despite its ‘Limited Information’ designation on OTC Markets, we began tracking PGPM last Tuesday the 16th, at which time we observed a low of .0059 in the stock.

Since then it has been stepping its way up and yesterday, briefly touched a high of .02, which marked a one-week swing of 239%  We’ll be on the lookout for PGPM to continue its overall trend,, remaining interested as long as it maintains support at or above .01 on any pullbacks.


Chatroom Call – Las Vegas Railway Express XTRN

We’ll always jump at the chance to remind readers that in addition to these premarket reports, we also conduct daily live in-session trader’s chats via Skype*.

Yesterday, thanks to chat participant Steve, the room was alerted on XTRN and subsequently had a chance at gains of up to 300% as the stock ran from .0003-.0012.

XTRN then closed at its high-of-day on monster volume, so we will want to keep an eye on it today for a potential continuation of momentum.

*Do you subscribe to our mailing list? If so, you’re eligible to participate and/or observe our daily trader’s chats! Simply send a contact request to username ‘stocksumo’ and we’ll take care of the rest.


Extended Watchlist:
INO, SDRL, RADA, TLYS, TCS

Blue Horseshoe Stocks: CNAT Recap & More

Conatus Pharmaceuticals, Inc. CNAT

We were fairly confident that at least one of the pharma news plays we put forth in yesterday’s premarket report would turn out a promising session, and CNAT definitely rose to the occasion.

We highlighted it, of course, because of a big collaboration and licensing deal for one of the company’s drugs, which adds a quick $50M cash to the books almost immediately, and even more down the road.

After gapping up considerably in the premarket, the stock underwent a dip-and-rip scenario which carried it to a daily low of 4.27 before it pushed its way up to a high of 5.50. That marked a solid intraday upswing of 29% and came on four times the three-month average volume.


ACADIA Pharmaceuticals, Inc. ACAD

ACAD was the other play off of our pharma watchlist that provided us with significant opportunities, which were even bigger than the previously mentioned stock.

We offered an options idea, the ACAD Weekly $28-31 Calls, and all but a couple sets of contracts in that range produced respectable intraday moves.

$28 Calls – Range: .70-1.66 – Max Gain: 137%
$28.50 Calls – Range: .59-1.40 – Max Gain: 137%
$29 Calls – Range: .40-.80 – Max Gain: 100%
$29.50 Calls – Range: .30-.70 – Max Gain: 133%
$30 Calls – Range: .18-.50 – Max Gain: 178%

______

NIKE, Inc. NKE – Fresh Options Idea

NKE is coming off a post-market earnings beat yesterday, so we want to enter an idea into the logs for this situation.

We’re going to be monitoring the activity in the NKE Weekly $52.50-54 Calls for possible daytrades and/or swing trades into the end of the week.


Extended Watchlist:
LEOM, MMEG, INO, ESEA, SINO, DCIX, DRYS, HIMX(Bottom-Watch)

Blue Horseshoe Stocks: Pharma Watchlist & More

Actinium Pharmaceuticals, Inc. ATNM

We want to start things off this morning by taking a look at ATNM, for a couple of reasons. First, from a technical standpoint, the chart appears to be coming off of a relative bottom, and a number of indicators suggest that a sizable upswing could occur in coming sessions.

Those include a MACD and Histogram that look to be gearing up for a possible cross into bullish territory. Each of the past two times that occurred, the stock saw an appreciable move to the upside. The RSI also looks to be coming off of being oversold- we’ll be looking for a break of that 50-line, and the registering of higher lows and higher highs as ATNM attempts to establish a continued trend off of its recent lows.


The other factor that is indirectly drawing us to ATNM is the fact that it operates in the Pharma sector, which is sure to be at the forefront of the news with a couple of huge buyouts. Pfizer has bought Anacor (ANAC) and Luminex bought Nanosphere (NSPH). Whenever we see groundbreaking events happening in biopharma, there tends to be a rise in overall activity for the industry.

That’s why, in addition to ATNM, we’ll be placing the following couple of stocks on watch as we kick off another trading week: Inovio Biomedical, Inc. INO, and Sorrento Therapeutics, Inc. SRNE


3D Systems Corp. DDD

After an impressive run-up on the chart which lasted from January to April, DDD has taken a pretty substantial pounding in the month of May.

The stock came down to bounce off of its 200DMA on Thursday, and recorded higher highs and higher lows on Friday. We’ll look for a continuation of that trend into today, and monitor DDD for a possible recovery. We will need to see the stock hold support at or above the current 200DMA of 11.73 on any pullbacks in order for it to hold our interest. A return to its PPS levels from the end of April from this juncture would produce potential gains of at least 50%


Extended Watchlist:
STVF, ELTP, CSOC, GSAT, BCEI, PTX(Coming Off Bottom)