Tag: JAGX

Blue Horseshoe Stocks: AVEO Recap & More

AVEO Pharmaceuticals, Inc. AVEO

Swinging back around to discuss AVEO is our top order of business this morning after the stock soared to new highs yesterday. We placed this stock on watch on June 23rd, subsequently mentioning it several times.

On the day of our initial alert, AVEO traded for as little as 1.05 per share, and after multiple weeks in a near-contnual uptrend, the gains have been fantastic. Yesterday AVEO reached new four year highs of 3.19, marking an overall swing of 204%

Volume over the same period has been greatly heightened, and yesterday’s close at 3.15 was a strong one, so even though AVEO has had momentum-mover status for several sessions, we’re going to want to continue to watch it closely.

Inotek Pharmaceuticals, Inc. ITEK

We’re always looking for a good bottom-bouncer, which is why we want to take note of ITEK this morning after disappointing study results on the company’s eye drug sent shares tumbling yesterday.

As we point out on the chart snapshot below, the stock has been beaten back into oversold territory, leaving a big gap on the chart. We’ll place it on watch for the filling of that gap, which from present pricing would spell gains of up to 60%

Extended Watchlist:
ATNM, HK, FOLD, TEUM, JAGX, MSDI, OCUL

Blue Horseshoe Stocks: Continued Options Success

Twitter, Inc. TWTR – Options Recap

Our first order of business in today’s options-heavy report is to go over the second straight session of excellent intraday runs TWTR Weekly $15-16 Calls which we designated as targets in Wednesday morning’s premarket report.

This midweek, Twitter had posted losses that were less than expected in conjunction with rising user numbers. It has provided us with some really good opportunities, which were as follows:

$15 Calls – Range: .84-1.61 – Max Gain: 92%
$15.50 Calls – Range: .39-1.10 – Max Gain: 151%
$16 Calls – Range: .13-.63 – Max Gain: 384%

At this point these contracts owe us nothing. Granted that these are weeklies and it’s Friday, coupled with the fact that the stock has rushed into heavily overbought territory in just a short time, we’re fine moving on to the next thing which we’ll get to in a moment.

United Parcel Service, Inc. UPS

First we want to go over our UPS options idea that we formulated fresh for yesterday’s premarket report. This was another earnings-related idea, as a great deal of our options calls tend to be, and it worked like an absolute charm.

We signaled the UPS 05/05 $108-111 Calls and every single contract in that range produced chances for spectacular multi-bag gains on the day, with the $111’s stealing the show on a seven-bagger!

$108 Calls – Range: .48-1.70 – Max Gain: 254%
$109 Calls – Range: .23-.99 – Max Gain: 330%
$110 Calls – Range: .21-.52 – Max Gain: 148%
$111 Calls – Range: .04-.33 – Max Gain: 725%

These plays, we can leave on our radars as they don’t expire until the end of next week. If UPS manages to convincingly crack through the 200DMA at 109.00, things could get very interesting.

Western Digital Corp. WDC – Fresh Idea

As for the play that’s catching our attention on this morning’s scan, we’ve got yet another post-earnings target with WDC. The stock has been trading in an upward channel for the better part of a year now, and the company just put out a solid beat for Q3 while issuing a bolstered Q4 outlook.

We’ll try to take advantage of the commotion it’s causing on the chart with the WDC Weekly $90-92.50 Calls, but please remember the warning we always give in these situations: Never attempt to trade weekly options on a Friday unless you are a highly experienced trader- it’s an exceedingly risky proposition.

Extended Watchlist:
AMLH, JAGX, CEI, TNGO, ELTP, CRMD, ALIM

Blue Horsesehoe Stocks: DLTR, MMEX Recaps & More

Dollar Tree, Inc. DLTR – Options Update

We’ve got updates on our DLTR options idea for send morning in a row today. Just to recap for those who may have missed it, we formulated an idea for last Wednesday‘s premarket report, the  DLTR 04/21 $78-80 Calls.

With a very nice multi-day bullish run for DLTR in effect and continuing yesterday brought the stock to new highs once again, which means updates to our observed ranges on these contracts that we began tracking last week.

$78 Calls – Range: .51-2.22 – Max Gain: 335%
$78.50 Calls – Range: .63-2.05 – Max Gain: 225%
$79 Calls – Range:  .48-1.95 – Max Gain: 198%
$79.50 Calls – Range: .35-1.69- Max Gain: 383%
$80 Calls – Range: .30-1.40 – Max Gain: 367%

DLTR has now traded up from the $74 area, to nearly $80 over that spanm and in the event it breaks that $80 barrier, we would have to look at rolling up our strike prices to stay in the thick of things.

MMEX Resources Corp. MMEX

We saw a fantastic intraday run out of MMEX yesterday after once again tagging it in our premarket report. It included a continual climb throughout the session as the stock traded up from a low of .0081 first thing in the morning, to a high of .0169 just prior to the closing bell. That works out to a daily pop of 108%

Considering we alerted MMEX in last Friday morning’s report, and observed a low of .0046 at the time, we’ve now seen an overall increase of 267% from this play in just five trading days,

Athersys, Inc. ATHX

We want to swing back around for a quick mention of ATHX, which was a stock we put on our radars back in February. We would observe a low of 1.10 last month, but for the most part, ATHX just did a lot of sideways trading for the next few weeks.

All that finally began to change this week, with a run to a new high of 2.01 yesterday, marking a 83% rise off of our observed low. We may need to watch for a pullback before jumping back in for another run as the stock is now is extremely overbought territory.

Added Notes:

We want to pay attention to a couple of stocks we’ve come across in the $3-range, that  based on a number of factors, appear to be ripening for rebounds that could very well take each one to the $5 level or higher.

Leju Holdings, Ltd. LEJU – This stock has been trying to get up off of its recent relative lows, and this morning appears to be gapping nominally. We’ll be watching for a more sustained rebound.



Cyclacel Pharmaceuticals, Inc. CYCC – We’ve identified a strong double-bottom signal from CYCC as well, along with the clear potential for volatility. This one’s going to go on our running watchlist as well.

Extended Watchlist:
USRM, SFOR, ICNB, JAGX, BBRY, GALT