Blue Horseshoe Stocks: Thursday’s Winning Calls & More

Notis Global, Inc. NGBL

NGBL is one of a handful of plays that we’ve been tracking this week to record yet another solid session yesterday. On Wednesday, brought the stock to our readers, while it was still trading in the super-subpenny range at a low of .0009.

The stock showed us a nice intraday run that day, and yesterday, registered another solid intraday upswing which carried it from .001-.0015 , a 50% move. As we stated yesterday, we’ll stay interested in NGBL as long as it continues to hold support above the previous session’s swing low as it did yesterday.

Oroplata Resources, Inc. ORRP

ORRP appeared in our premarket report on Monday, and on that morning we witnessed a low of .265. In an impressive multi-day run that saw the stock record higher highs and higher lows each and every day this week, ORRP managed to set a new high once again yesterday.

The top mark on the day was .698, which from our observed low of .265 represented a four-session rip of 163% With the kind of protracted momentum we’ve witnessed to this point, we’ll be certain to stay on ORRP’s trail.

United Cannabis Corp. CNAB

It’s been quite some time since a cannabis stock hit our radars, and CNAB broke the lull yesterday with a nice single-session move after we included it in our daily watchlist. The stock ran from .28-.40 on more than 3X its monthly average volume, marking a run of 43%

With elections fast approaching and marijuana being once again brought to the forefront as national attitudes toward its prohibition continue to shift to the negative, we’re going to be keeping a more keen lookout for potential plays in this arena. Perhaps most notably, California is set to make a decision on legalization for recreational purposes, a measure that is expected to pass if preliminary polling is to be believed.

OWC Pharmaceutical Research Corp. OWCP

We pointed out OWCP as a prime bottom-play opportunity yesterday morning, and our timing really couldn’t have been much better.

We saw a really nice jump out of the gate as the stock blazed a path from .0045 to .0074, a 64% intraday run, before holding in strong for a .007 close. The chart still appears very ripe for the possibility of further gains, with a rapidly strengthening RSI as well as a a bullish MACD cross in progress.

Fresh Options Ideas

With Costco beating on earnings post-market yesterday, and the chart having come down to a support level near its four-month lows, we want to signal a range of both weekly calls, as well as a couple that expire at the end of next week in the event that the heavily oversold stock is ready for a reversal as it appears it may be.

We’re going to zero in on COST Weekly $148-150 Calls for potential daytrades (Caution: Highly experienced traders only!) as well as the COST 10/07 $150 and 152.50 Calls.

Extended Watchlist: