Tag: LXRX

Blue Horseshoe Stocks: Pharma Watchlist & More

Lexicon Pharmaceuticals, Inc. LXRX

We’re taking notice of LXRX this morning in the wake of a premarket PR that has the stock trending up to its highest levels of the past three months; it contained updates on current projects as well as increased earnings. The addition of an interesting setup on the chart gives us good reason to place LXRX on watch this mid-week.

As you can see on the snapshot below, the stock gapped down significantly at the end of November. In premarket activity today we’re seeing a partial fill taking place. We’re going to be watching for LXRX to fill the remainder of the gap into the mid 1.20’s where its next area of resistance will come in at the 200DMA of 1.28.

THE WOODLANDS, Texas, March 4, 2015 /PRNewswire/ — Lexicon Pharmaceuticals, Inc. (LXRX), a biopharmaceutical company focused on developing breakthrough treatments for human disease, today updated its drug development progress and reported financial results for the three months and year ended December 31, 2014.>> VIEW PR

Pharmaceutical Watchlist

There are a number of other pharma and biopharma stocks gapping up in the premarket this morning, some of which have appeared in our reports in the past. We’ve listed them below along with links to today’s news, where applicable:

Keryx Biopharmaceuticals, Inc. KERX


Atossa Genetics, Inc. ATOS


Coronado Biosciences, Inc. CNDO

Coronado Biosciences Forms New Subsidiary, Checkpoint Therapeutics, to Develop Novel Immuno-Oncology Antibodies (Wed 8:30AM EST)

PhotoMedex, Inc. PHMD

Orexigen Therapeutics, Inc. OREX

KaloBios Pharmaceuticals, Inc. KBIO

Earnings-Related Options Ideas

American Eagle Outfitters, Inc. AEO beat expected Q4 profits and revenues, and is gapping up as a result. To take advantage of the trend, we are monitoring options trading possibilities in the AEO Weekly $15-16 Calls

Abercrombie & Fitch ANF fell short of expectations with regard to sales, which is fueling a downtrend here in the premarket, so we’ll take the opposite approach here, and keep an eye on ANF Weekly $23-24 Puts.

Extended Watchlist:
IFON, PLUG, NPTN, WLT, LEI

Blue Horseshoe Stocks: HEMP, TTDZ, PBR

Hemp, Inc. HEMP

Since 2012, we’ve talked up the business side of marijuana, and with all that has happened in the space since then, we have not been disappointed.

Our long-term subscribers recall that HEMP was among the first pot plays that we ever discussed, with its appearances in our reports dating all the way back to 10/16/12. If you take a look at our HEMP archive, you will find pages upon pages of coverage spanning from then up to the present, and it has been one heck of a ride.

When it first came across our screens, we saw two major runs from HEMP at the end of 2012 and leading into 2013, spanning from the .03-range up to .09, and from just below .03 back to a dime, respectively.

Flash forward to this past December, when HEMP had come all the way down under a penny (as low as .0085). Even though we knew the cannabis sector was bound to be huge, nothing could have prepared us for what was to come. As you all know, pot stocks across the board absolutely exploded around the New Year, and it sent HEMP on a stratospheric run which culminated in a high of .34 (Feb 5th.). The overall move we saw out of this play was a staggering 3900% between 12/19/13-02/05/14.

The following chart shows both that huge run, and current conditions that have us standing at attention. The PPS is holding support at a key level of previous resistance, and the MACD indicator is priming up for a bullish move:

Also turning our focus to HEMP today is the fact that just this morning, the company has released record-setting quarterly financials:

“Total sales for first quarter 2014 represent an increase of 1,181% over the same quarter last year and a marked 656% increase over the previous quarter announced just days ago.”  >> Go To PR

Triton Distribution Systems, Inc. TTDZ

Despite the general pullbacks throughout pot sector last week (perhaps largely related to the SEC’s temporary halt of PHOT) TTDZ managed to close out the week on a high note. On Friday, the stock made a nice intraday move from .024 to .0419, giving folks the chance at up to 75% in gains.

The last time we touched upon this favorite of ours, was last Monday, when we were congratulating ourselves for having seen a new high (.04) from TTDZ. The next day, the stock pushed the envelope again, setting yet another high mark at .049. From our first alert on January 30th (at a price of .0012), that is equal to an increase of 3983%

Petroleo Brasiliero S.A. (Petrobras) PBR

PBR and its options chain has been a veritable goldmine for us in recent weeks, and last week was no exception. We even saw a partial fill of the gap on the chart that we have been eyeing since beginning coverage on this play.

We were heavily interested in the $13.50 and $14 Weekly Calls for intra-week flip opportunities, and there were indeed many chances to profit.

We’re still currently looking at the $14 & $14.50 Weekly Calls for more potential flip opportunities.

The longer-term targets we’ve been tracking are the May $12 and the April $14’s, which, after already providing huge gains, still hold our interest.

Extended Watchlist:
RAD, LXRX, MSTX, IPCI, PAL, NVAX,

IWEB, ZLCS & Extended Watchlist

IceWEB, Inc. IWEB
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Most of you will recall our coverage of IWEB, which began on July 9thand lasted through August. During that time, we saw the stock make a nice move off of its then-52 week lows, traversing its way from a low of .023 all the way up to .042, an 83% overall move, while also posting several hundred percent in cumulative gains during that time.You might also remember our outlining of the company’s aspirations to make the shift from cloud storage alone, to a full-range cloud services provider, and today, we received confirmation that the transition has been achieved, with the completion of the company’s most recent acquisition.

This is occurring shortly after we’ve seen IWEB come off of a new 52-week low, so the timing on this could actually work in our favor. We are going to have IWEB on bottom-watch as it searches for a base here, as well as watching for reaction to the good things the company obviously has going on behind the scenes.

STERLING, Va., Oct 01, 2013 (BUSINESS WIRE) — IceWEB, Inc. – (OTC BB:IWEB), today announced that it has completed its acquisition of Computers and Tele-Comm, Inc. and KC-NAP, LLC of Kansas City (collectively “CTC”). Details will be filed in a Form 8-K with the Securities and Exchange Commission. >>> FULL STORY

More Info:
www.iceweb.com

Zalicus, Inc. ZLCS

We caught ZLCS at a low of .78 last Friday, and mentioned it once again yesterday morning as we believed the stock was in for “another substantial move upward”. The stock did indeed turn in a nice performance yesterday, hitting a high of 1.20, a 17% intraday move, and an increase of 54% from Friday’s low. Rapid increases over such a short time period for a NASDAQ-traded stock are impressive to say the least.

In addition to another fruitful trading session with regard to price-per-share, ZLCS landed us an honorable mention on yesterday’s Penny Stock Rumble for picking the stock with the highest daily dollar volume.

Extended Watchlist:

NNRX, ALVR, EDG, LXRX