Blue Horseshoe Stocks: AMD, TJX & More

Social Detention, Inc. SODE

Our first order of business this morning is to return to SODE, a stock we recently published a special report on a little under two weeks ago. Immediately following that, we would observe a low of .10 in the stock, which has given way to a very respectable move since then.

Yesterday in a surge of price action and volume, SODE achieved a new high of .153, marking a 53% move in just a shade over a week. We’re going to want to maintain our watch over this play and look for it to establish higher highs and higher lows, continuing this current uptrend.


The TJX Companies, Inc. TJX – Recap

Yesterday in the premarket we reported some excellent progress with the TJX options ideas we presented in our report from May 22nd, the TJX 06/15 $85-90 Calls.

Based on the big move the stock itself made thereafter during yesterday’s session, we have to revisit our ideas again to provide the impressive new highs that were attained, along with our total possible gains so far.

$85 Calls – Range: 2.14-7.86 – Max Gain: 267%
$87.50 Calls – Range: .90-5.56 – Max Gain: 517%
$90 Calls – Range: .35-3.14 – Max Gain: 797%


Advanced Micro Devices, Inc. AMD 

Speaking of solid calls, we made one on AMD, tagging the stock for observation in our report from April 26th.  The move it has made since then is awe-inspiring- after having traded for as little as 10.61 on that day, the stock hasn’t looked back during what has been a month-long bullish surge.

Yesterday, AMD reached a new 52-week high of 14.98, which registers as a highly respectable increase of 41% in just under five weeks.

The stock has been in blue sky breakout mode for the past two sessions now, so it’s going to be very interesting to see where its path takes it from here. There may even be a dip and rip opportunity at some point as profit takers enter the mix, so we’ll want to stay light on our feet.


Extended Watchlist:
CODX, SMAR, GIII, MYL, PLX, NAV

Blue Horseshoe Stocks: Cannabis Reminder

Cannabis Reminder

With the cannabis counterculture holiday of 04/20 capping off this week on Friday, you can bet that our tracking of the cannabis sector is going to ramp up right along with many of these stocks.

It was back on the 4th of this month that we published an extensive list of marijuana industry stocks to track in anticipation of this event. For those outside the loop, “Four-Twenty” is a massive celebration each year on April 20th, to commemorate the cultural tradition of partaking in cannabis at 4:20pm on any given day. Cannabis companies use this as the perfect marketing ploy, and as a result, many do their highest sales of the year on the heels of this holiday.

A few of the plays we highlighted earlier this month have already begun to see appreciable moves on the chart. Take OWC Pharma (OWCP) for example. Since the 4th, the stock has increased from .20 to .30, a 50% rise in under two weeks.

We would expect to see similar, and even better gains coming from many cannabis stocks all across the board. That’s why we wanted to open up this week with a reminder to keep a close eye on anything even remotely tied to the space.

Just refresh, some of those stocks include, but are not limited to:

AGTK, HEMP, SGMD, SING, GRNE, GOHE, MCOA, MCIG, POTN, PNTV, RMHB, CANN, CBIS, ATTBF, GLDFF, GLNNF, NXTTF, MRRCF, SPRWF & CRON


Extended Watchlist:
SSC, NETE, ITCI, ERI, MBII, NAV, ONVO, LOXO, CLS

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Blue Horseshoe Stocks: Bottom-Bounce Watchlist & More

Bottom-Bounce Watchlist

We’ve got a trio of potential bottom-plays hitting our scanner this morning, and as our regular readers are surely aware, we’re quite fond of bargain-basement prices. Our history is chock-full of solid recovery based gains.

Eldorado Gold Corp. EGO – This gold play showed up on our radar this morning after Friday saw the stock record a hint of a rise off of its lowest PPS since early April. As you can see on the included snapshot below, the chart is boasting an RSI that appears ready to come off of being oversold, with clear convergence on the MACD hinting at an impending bullish cross. We’ll place this one on watch for upcoming sessions as we kick off this short trading week.


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ITT Educational Services, Inc. ESI
– This stock showed signs of life on Friday, coming up off of the new 52-week low it registered on Thursday. In addition to being egregiously oversold at this point, there is a monstrous gap on the chart from the low-.70′s on up to the 1.40 range. We’ll be looking for an eventual fill which would of course spell gains approaching 100%

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Dynavax Technologies Corp. DVAX – In a moderate morning gap-up, DVAX has already begun to regain some of the ground it lost on Friday following the FDA’s decision to delay its decision on the company’s hepatitis vaccine. No surprise, as the 30% selloff seemed a bit of an overreaction.

We’ll look for the rebound in progress to continue, and will remain interested provided it maintains support above this morning’s premarket low of 12.27. Bonus Options Idea: If the recovery unfolds as we suspect it might, we’ll be anxious to tracj the activity in the DVAX 09/16 $12 and $13 Calls.


Auscrete Corp. ASCK

We also want to provide a brief update on ASCK, a subpenny play which we placed on watch in Wednesday’s premarket report. After coming down to find support at .0023 the stock ultimately reached a new high of .0065 on Friday.

It marked an intraweek swing of 183% and qualified for a continued spot on our working watchlist.


Extended Watchlist:
NAVB, KGJI, SGBY, NAV, SPU