Blue Horseshoe Stocks: Fresh Options Ideas & More

DSW Inc. DSW

In terms of things we routinely look for in stocks that we set our sights upon, DSW seems to currently have a lot to offer. It’s a stock that has just registered a new annual low, while rapidly approaching heavily oversold territory according to indicators on the chart.

The company also happens to have released its quarterly earnings this morning, the results of which exceeded expectations as DSW recorded its first same-store sales increases since 2015.

With all these things going for it, it seems only logical for us to formulate an options idea to put on our radars and monitor over the next few weeks. We’re going to have our eye on the DSW 09/15 $17.50 & $20 Calls.


Zion Oil & Gas, Inc. ZN

We’ve spotted a nice chart setup on ZN as well on our routine morning scan today. We’ve pointed that out on the chart below.

The stock had a really nice run back in June that carried it from the 1.40 area up to $7, and after consolidating off of those highs during the past several weeks, it seems to have found support and begun its next up-cycle.

Hypothetically, a return to the highs it saw earlier in the summer, would mean more than a double-bagger from current pricing.


Extended Watchlist:
ARCI, F, CLF, MTBC, FALC, WATT

Blue Horseshoe Stocks: SRMX Explodes & More

SkyFidelity Inc. SRMX – Recap
Although the dog days of summer made July a fairly subdued month, August has started off pretty well so far, with our first multi-bag gainer showing up in the form of SRMX. We included it in our premarket report yesterday morning after catching the PR the company released on a routine news scan, and were happy that we did.

SRMX, after releasing news of a potentially disruptive new product, went absolutely haywire, trading in an incredible range from .0043 all the way up to .024. That worked out to a fantastic single-session pop of 458%

SkyFidelity, Inc.’s (OTC: SRMX) subsidiary Tri Cascade, Inc., an Internet of Things (IoT) technology company, has created a 4G/LTE Gateway Hub that provides consumers with the ability to access the internet directly from a SIM-based 4G/LTE Super Router called the SkiQ. The Company has designed this innovative communication device that will disrupt the traditional communications hardware industry, making routers, modems, satellite dishes, set-top boxes and media boxes obsolete. (>>View Full PR)


Lumber Liquidators Holdings Inc. LL

The options idea we submitted on LL earlier this week has made some decent progress that we wanted to report back to our readers this morning.

The stock has strung together two bullish sessions since then which has facilitated the following moves in our highlighted target contracts, the LL Weekly $27.50-29.50 Calls. The listed lows were logged on Tuesday, and highs recorded yesterday.

$27.50 Calls – Range: 3.00-8.54 – Max Gain: 185%
$28 Calls – Range: 2.30-7.79 – Max Gain: 239%
$28.50 Calls – Range: 3.36-7.32 – Max Gain: 118%
$29 Calls – Range: 2.00-6.75 – Max Gain: 237%



Strategic Global Investments, Inc. STBV

We also put STBV on our radar yesterday morning and it too produced a positive move on the day. From its low of .0731 the stock ran as high as .145, an intraday rip of  98% which came on more than nine times the monthly average volume.

We’ll continue to keep an eye on STBV which is at multi-year highs and firmly in blue sky breakout territory.



Medical Transcription Billing Corp. MTBC
We also want to circle back to MTBC, which we’ve been tracking since the morning of July 17th. Shortly thereafter the stock saw a low of 1.08 and it hasn’t looked back.Yesterday it reached a new high of 2.39, which marks a 121% run through a period of just over two weeks. We’ll continue to stay on its track, as the company just posted a solid quarterly report which included a 55% boost in revenue.

Extended Watchlist:
ICNB, MVTG, ERBB, HIMX, PIXY, OCLR, ESIO, HLTH, BLPH

Blue Horseshoe Stocks: Kicking Off a New Trading Week

Ocean Rig UDW Inc. ORIG

We’ve had ORIG on bottom-watch for just under a month now, as the stock was undergoing a consolidation that appeared unsustainable. It seemed just a matter of time before it began to rebound, so we were monitoring it for a signal and got one in a big way on Friday.

ORIG came off its newly-registered annual low of .12 and traded up as high as .237, a 98% rise which occurred on ten times the monthly average volume. More importantly, the stock managed to crack through its 50DMA at .19, and held above that mark with a closing price of .20.

We’re going to want to continue to track ORIG, looking for the registering of higher lows off of its recent bottom. The RSI is also screaming toward the power zone, so we’ll hope to see ORIG string together a multi-day run.


Camber Energy, Inc. CEI

Speaking of stocks that are gaining strength, CEI has been in a pretty convincing ascending wedge pattern recently, routinely recording higher highs and higher lows off of its annual lows established late June.

We’ve pointed out on the chart below where the next key areas of resistance are, so we’ll want to track CEI to see if it can maintain its current trajectory and make a run at those areas on the chart.


Extended Watchlist:
TEUM, ACRX, MDGS, NPHC, MTBC, CPST, HEAR