Blue Horseshoe Stocks: DPW Recap & More

Digital Power Corp. DPW

We began to track DPW in Monday’s premarket report, and with the help of a key Bitcoin related PR, the stock has performed quite well since then. We suggested that Monday’s bullish activity could be followed up with more of the same in yesterday’s report, and that’s certainly what occurred.

DPW traded in a daily range from an early low of 2.70, all the way up to an afternoon high of 4.27, marking an intraday burst of 58%   As measured from our observed low of 2.15 on Monday, that high represented a two-day swing of 97%

We will once again track this play very closely, with Bitcoin streaking to new all time highs yet again, touching $12,798.78 shortly after 8AM Eastern this morning. The company just released plans to launch a line of Bitcoin mining hardware, and anything related related to the space should continue to be a hot ticket item amid the current crypto-craze.



American Eagle Outfitters, Inc. AEO

We’ve come to rely on going after big options trading opportunities, especially after a company releases its earnings. Despite having fallen short of Q3 expectations for profits and revenue, AEO posted solid same store sales growth, and issued promising guidance.

As a result, the stock has continued its recent bullish run, and we’re going to want to signal the AEO Weekly $16.50-17.50 Calls for observation over the remainder of the week.


Titan Pharmaceuticals, Inc. TTNP

We’re going to place TTNP on watch this morning as a potential bottom play. One look at the chart snapshot below clearly shows that the stock is currently exhibiting a strong double bottom signal. We can also see the nearly 100% move it recorded in recent months. We’ll be looking for similar activity in coming sessions.


Extended Watchlist:
ICON, GLBL, XCO, MYSZ, VKTX, JUNO

Blue Horseshoe Stocks: VZ Update & More

My Size, Inc. MYSZ

We had MYSZ in our extended watchlist last monday, and the stock mainly traded sideways for the ensuing few sessions. We re-tagged it yesterday after noticing that the party had finally started, and the result was a very nice trading range on the stock.

From a low of .66 earlier this week, MYSZ reached a high of 1.28 during yesterday’s session, representing a move of 94% over just a short time span. The stock also traded record volume yesterday, se we’ll be sure to keep an eye peeled as we finish out this trading week.



Verizon, Inc. VZ

We’ve had a ton of success stories on the options front recently, and VZ has quickly grown into one of the top performers of the bunch. When we signaled a range of contracts to observe in the VZ chain on November 17th, the VZ 01/19 $45-48 Calls,  the stock itself traded for as little as 44.62. After a nearly continual bullish streak for the past couple of weeks, the stock has gone on to hit a high of  51.09.

That move has of course rocketed our selected contracts to astronomical highs. When we last updated their progress on Wednesday morning, they had offered gains ranging from 240-575% but thanks to two more solid sessions, those figures have been extended considerably.

VZ 01/19 $45-48 Calls
$45 Calls – Range: 1.08 -6.05 – Max Gain: 460%
$46 Calls – Range: .59-5.03 – Max Gain: 753%
$47 Calls – Range: .39-4.00 – Max Gain: 926%
$48 Calls – Range: .23-3.18 – Max Gain: 1283%


Extended Watchlist:
DPW, GLBS, AMBA, RIOT, CPL, IPDN, ARGS, MYO, OSTK

Blue Horseshoe Stocks: Recaps, Fresh Ideas & More

Chipotle Mexican Grill, Inc. CMG 

Our extreme success on the options front continues. We cited the CMG chart setup as the reason for wanting to have our eye on the CMG Weekly $297.50-305 Calls yesterday morning, and were very pleased with the intraday performance we witnessed. It also didn’t hurt that the founder stepped down to make room for a new CEO, which went over well with the investment community.

Regardless of which strike price was chosen, there were some serious multi-bag single-session gains there for the taking:

$297.50 Calls – Range: 1.50-8.10 – Max Gain: 440%
$300 Calls – Range: 1.15-6.50 – Max Gain: 465%
$302.50 Calls – Range: .77-5.00 – Max Gain: 549%
$305 Calls – Range: .54-3.83 – Max Gain: 609%

______

Fresh Idea:

The Kroger Co. KR – We want to signal some options to watch for Kroger as well after the company tidily topped 3Q forecasts with this morning’s earnings report. We’re going to be looking to the KR Weekly 25.50-27.50 Calls to try to take advantage of the conditions. We’re also anxious to listen in on the conference call slated for later this morning.



Crypto Recaps

Whatever you refer to it as, virtual currency, digital currency, or cryptocurrency, the rise of Bitcoin has fueled a hugely popular market sector, and caused many small companies to shift focus to attempt to capitalize on what has become pure hysteria.  Bitcoin breached $11,300 yesterday, and as a result, some of the BTC-related plays we’ve tagged have enjoyed really nice moves on the chart.

Integrated Ventures, Inc. INTV – Having recently lauched its bitcoin mining efforts, INTV is a stock that we slated for observation in our watchlist yesterday morning. The stock responded with a solid run from .551 to .97, marking an intraday pop of 76% on more than ten times its monthly average volume.

Peer to Peer Network PTOP – This one appeared in our watchlist earlier this month on the 7th. We came early to the party on this one, but with Bitcoin setting its new all-time high once again yesterday, it woke up in a big way. That included a serious intraday move of 1780% as PTOP traded from a low of .0005-.0094. It represented the stock’s highest price in three years, and a new all time record high volume, with over 400 million shares changing hands on the day.


Extended Watchlist:
RAD, MYSZ, RYB, MIK, ADMP, BOSC, IBIO, SNAP