Blue Horseshoe Stocks: SPY, MAXR Recaps & More

Maxar Technologies, Inc. MAXR – Review

Despite what appears to be a significant downturn looming this morning, the markets as a whole posted a solid bullish session on Friday, and that helped one stock we’ve been tracking in recent weeks to record a new high for us.

We tagged MAXR for observation in mid-March, and before the end of the month, it had consolidated down to a low of 3.83. The month of April brought a fairly steady uptrend, and Friday’s strong performance kicked it up another notch. The stock hit a new high of 6.66, marking a move of 74% in just over six weeks. The stock filled almost the entire topside gap that was on the chart, and the RSI has just cracked into the Power Zone, so we’ll want to continue to keep an eye on its activity.



Sysco Corp. SYY – Options Idea

Despite continued China trade tensions throwing a wrench into the markets to start the week today, we are going to be looking a little further ahead with an options idea relating to the imminent golden cross on the SYY chart, combined with the company’s earnings beat posted this morning in the premarket.

The food wholesaler has a chance to break a double top, and we’re going to be ready with an options idea in the event that it manages to do so. Our highlighted targets are going to be the SYY 06/14 $69.50-71 Calls.
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Friday SPY Update: We signaled interest in the SPDR S&P500 ETF (SPY) Weekly $292.50 Calls on Friday morning, and those contracts traded up from a low of .53 to 1.76, which represented a single-session move of 232%


Special Note: Our extended watchlist today contains more penny stocks than usual. The OTC tends to heat up when uncertainty strikes the larger markets. We’ll have an eye peeled for interesting activity on that front.


Extended Watchlist:
ZIXI, NAFS, TMGI, TTCM, DAVC, SNYR, CTRV, RMTI, HEB

Blue Horseshoe Stocks: TROV, PULM Reviews

Pulmatrix, Inc. PULM

We highlighted this stock in Friday morning’s premarket report, and were immediately paid potential dividends as PULM made a very solid intraday push. From a low of 1.33, PULM surged as high as 2.33 on the day. That represents a single-session gain of 75% which occurred on huge volume.

It was also sufficient to secure PULM the #2 slot on the NASDAQ top gainers list for the day. We’ll be sure to monitor its activity as we kick off the fresh trading week, in the event of a momentum spillover.


TrovaGene, Inc. TROV

Also appearing in Friday morning’s report was a reminder on TROV. We signaled this stock for observation at the end of January. It tapered back slightly to find support at a low of 2.54, and reached an impressive mark of 9.65 on Friday morning. That worked out to move of 280% in a span of roughly five weeks.


Big Lots, Inc. BIG – Options Recap

We also had the BIG 03/15 $35 & $37.50 Calls on watch in Friday’s report, and those worked out fantastically, thanks to a very nice daily performance from the stock. The $35 Calls ran hard from a low of .50 and up as high as 2.40- a move of 380% The $37.50′s dwarfed that move, exploding from a low of ,07 to .75, which works out to a daily increase of 971%


The Boeing Co. BA – Fresh Idea

We’re also going to be looking to short Boeing early on this week with the BA Weekly $375-367.50 Puts, after a disaster for an Ethiopian Airlines flight claimed 149 lives on a brand new Boeing MAX-8 737 a mere 6 minutes after takeoff. It’s all but certain to cause near-term issues for BA stock, which has already been on the decline this month.


Extended Watchlist:
MAXR, EGLE, TNXP, RTTR, HX, SKYS, HBM, IGC

Blue Horseshoe Stocks: 2800% Gainer & More

Canopy Growth Corp. CGC

CGC has been a hot topic for us since last Wednesday when we alerted readers that we’d be tracking the CGC 09/21 $30-40 Calls.  This is now the fourth time since then that we’ve had to come back and update the total possible gains on our ideas, because the stock has been in bull mode throughout.

CGC shares alone have risen from a low of 29.05 up as high as 42.85, marking a 48% increase in just six trading days. On a nearly thirty dollar stock, it’s an eye popping turn of events.

It’s the gains in our designated options contracts that have been really impressive, adding new highs nearly every day. Here are the enormous ranges and possible gains on our ideas since last Wednesday:

$30 Calls – Range: 1.76-12.70 – Max Gain: 622%
$35 Calls – Range: .56-8.20 – Max Gain: 1364%
$40 Calls – Range: .16-4.70 – Max Gain: 2838%

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Williams-Sonoma, Inc. WSM

Fresh for yesterday morning’s report, we included an idea to correspond with Williams Sonoma’s strong quarterly earnings report, and it’s a good thing we did. Those also provided us and our readers with the chance at multi-bag intraday gains!

Our targets were the WSM 09/21 $67.50 & $70 Calls. The $67.50′s traded in a range from 2.40-6.40 for a gain of 167% while the $70′s made their run from 1.05-4.60, representing a gain of 338%
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FRESH OPTIONS IDEAS:
AMD Weekly $22.50 & 23 Calls
ADSK Weekly $147-150 Calls
SPLK Weekly $114-117 Calls



Seven Stars Cloud Group Inc SSC

After targeting SSC for observation on July 24th and subsequently witnessing a move of 170%+, we suggested that folks be lookout for a dip-and-rip to possibly see even more gains.

It has come to pass exactly as we expected, and the dip-and-rip pattern took the stock to a low of 2.71 before shooting back to 4.35. That’s an upswing amounting to 61%


Extended Watchlist:
CRON, MDXG, ICHR, TLRY, SDRL, BKE, MAXR