Blue Horseshoe Stocks: Update on ONOV & More

BioNovelus, Inc. ONOV

We were just mentioning yesterday morning, how ONOV, since our initial tag of the stock on the 26th of April had been undergoing a serious uptrend. We’d witnessed a staggering 1617% run from .006 in April, to a new high of .103 on Monday.

We acknowledged the fact that the RSI indicated that the stock was overbought, but also noted that the impending Golden Cross on the chart overruled that, and kept it on our watchlist for further tracking. All we said we needed to see from the stock was for it to maintain support at or above previous support at .04 on any pullbacks, and it was never an issue. The bounce point and low of day was .087 and from there the stock ran 57% intraday to a new high of .1367.

That extended our total observed move on ONOV this spring to a brain-busting 2178% and allowed the stock to continue the blue-sky breakout currently in effect.


Motorcar Parts of America, Inc. MPAA 

After noticing a surge of insider buying beginning last week on MPAA, and the fact that it was searching for a new 52-week low, we placed MPAA on extended-term recovery watch yesterday, and got an immediate response.
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Our call of the bottom appears to have been absolutely perfect as MPAA rose from that annual low of 25.50 which also happened to be the low of day, and rebounded up to 30.97. That marked an intraday increase of 21% which is fairly impressive for a $25 stock. We’ll continue to monitor, and will be looking for it to begin to register higher base levels of support off of that newly established 52-week low.


Chatroom Reminder:

Speaking of great calls, our friend DJ from our live traders chat was up to his old tricks again yesterday, making an absolutely massive call. He noted that MYLI was extremely thin on the offer, and his vigilance provided huge potential rewards for the room.

The PPS was as low as .0025 following his mention at 9:46am, and peaked at .0145 late in the session for a chance at 480% in gains. This is why we constantly remind our readers that you are welcome to join our daily chats, as you never know when the next big gainer might get passed along!


To join in, just send a Skype contact request to username “stocksumo“.


Medina International Holdings, Inc. MIHI – We also want to radar this stock, which is a low-float news play that caught our eye this morning. (>>View PR)


Extended Watchlist:
SIPC, YIPI, TPIY, CLRB, EXAS, SPHS