Blue Horseshoe Stocks: AVEO Recap, Options Ideas & More

AVEO Pharmaceuticals, Inc. AVEO

We’ve tracked AVEO in our reports from Wednesday and yesterday to what has turned out to be a strong intraweek swing. From Wednesday’s low of 1.50, the stock surged to a new 52-week high of 3.50 early in yesterday’s session, during which it traded more than thirty times its 3-month average.

It marked a two-day move of 133% which began when the company released favorable drug trial results on Wednesday. Strangely, the PR (View It Here) seemed to go largely unnoticed by the investment community until yesterday. Despite that fact, we showed up early to the party, and had a heck of time watching others catch on, producing yesterday’s annual high-setting push.

After consolidating into the close, AVEO appears to be gapping up slightly this morning, so we’ll stay tuned to the price action as the session unfolds.


Holiday Island Holdings, Inc. HIHI

We played HIHI like a fiddle this week; it’s yet another example of us providing our readers with advanced notice on prime-time chances to profit.

We alerted folks to the situation in our premarket report on Wednesday, at which time the stock was trading at a low of .0015. Word of a massive share reduction via purchase and return to treasury hit the newswires early, providing us with all the incentive we needed to include it in our daily interests. HIHI proceeded to run more than 70% over the course of that afternoon.

Then yesterday, we caught wind of a promotion on the stock with which we had no involvement, and it prompted us to remain focused on HIHI. We mentioned that the promo might produce “an impeccably-timed boost to extend our profits as we look to take them off the table” and it worked like a charm. The stock ended up touching a new high of .003, marking a two-session swing of exactly 100%.


Morning Gapper Watchlist
While a Friday preceding a holiday weekend is usually a relatively subdued affair, there are a couple of items hitting our scanner that we’ll be monitoring for opportunities.  Each of the following is gapping up in the premarket:

Emerald Oil, Inc. EOX
We drew up a chart to illustrate the situation on EOX. The stock was kicked hard during yesterday’s session so we’ll be on alert for some rebound action today.

Oncothyreon, Inc. ONTY
ONTY is the other gapper that will retain a portion of our of our focus this morning.


Quick Options Trading Ideas:

 Apple, Inc. AAPL has been on a wicked run all week, so we’ll watch for a dip-and-rip scenario; the $131 and $132 Weekly Calls should be in play today.

For Petroleo Brasiliero SA (Petrobras) PBR, we’re going to zero in on $9.00 & $9.50 Weekly Calls.


Extended Watchlist:
FRO, EROC, NBS, STEM

ARO, RMTI, PHOT & Extended Watchlist

Aeropostale, Inc. ARO

At the beginning of August, ARO began to experience a substantial sell-off that would cause the stock to fall from the $15-range to less than $8 at the beginning of this month. We are standing at the ready this morning as we’ve observed some northward pre-market trading, with shares changing hands for as much as 10.13. The significant gaps on the chart being filled could provide not only opportunities on the stock side of things, but in the trading of options contracts as well.

The 10/19 $9.00 Calls are of particular interest to us; Closing at .35 yesterday, and with this morning’s gap-up activity, these calls could open up as much as 100%  In that event, we would be looking for a consolidation before getting our feet wet.


Rockwell Medical, Inc. RMTI

RMTI would make a nice intraday move for us after its appearance in yesterday’s morning report, running from a low of 8.75 and reaching its peak at 11.80, good enough for a 35% gain.

Following the high, the stock came back as low as 9.85. Moving we are looking for the stock to hold support at its previous swing low of 8.75. In the meantime the company released an encouraging PR today announcing the completion of an important step in getting a new kidney drug to market, that appears to be contributing to yet another gap-up situation today.

WIXOM, MI–(Marketwired – Sep 17, 2013) – Rockwell Medical (NASDAQ: RMTI), a fully-integrated biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with innovative products and services for the treatment of iron deficiency, secondary hyperparathyroidism and hemodialysis, today announced the U.S. Food & Drug Administration (FDA) accepted the proposed proprietary trade name Trifericfor the Company’s investigational iron-delivery drug, previously known as Soluble Ferric Pyrophosphate (SFP), which is intended for treating iron deficiency in chronic kidney disease patients receiving hemodialysis. A request for proprietary name review for Trifericwill be filed with the New Drug Application (NDA) submission.>>>FULL STORY


GroLife, Inc. PHOT

We had another gainer in PHOT yesterday, as the stock jumped from .046 to .061, affording us the opportunity at a 33% intraday rip. Since 08/30 when we re-mentioned PHOT, it has been as low as .0318, which makes yesterday’s high a move of 93%

For almost a year now, we’ve placed a strong focus on marijuana-related stocks, publishing several reports, and doing the most recent followup at the end of August. The industry has, and we believe, will continue to bring us profits in the future. It’s for that reason we suggest everyone keep a marijuana stock watchlist of their own. We have only just begun to realize the potential for this up-and-coming sector, which is certain to be a high-growth area for years to come.


Extended Watchlist:
AGEN, NBS, BCRX, RGDO, SUTR, DNDN, MATR, SD

ACCS, XNRG & Form 4 Watchlist

Form 4 Watchlist

Out of eleven stocks (NBS, ETRM, EVC, GLDD, CPSS, GGS, JRN, USU, RWC, IDRA, GTE, WELX) from our Form 4 watchlist presented in Friday’s report, eight ended the day in the green, shown below in the post-market screenshot of the tracker on our blog.

Those are good figures for a single trading day, and it will be interesting to see how many continue their uptrends from Friday. We are going to want to remain watchful over these as we begin this new trading week.


African Copper Corp. ACCS

We called ACCS a momentum play on Friday morning, and it did go on to have a good session, trading near-record volume. Opening up at .15, the stock hit a subsequent high of .25, for a 67% intraday move, before dipping to .21, then bouncing back to .24. We then saw the stock pull back to find support in the mid-teens, and basically close out the day flat at .15.

In order to keep our interest, ACCS will need to hold support here at the .14-.15 level moving forward. It will be interesting to see if the high volume from Friday spills over into today’s session.


Xun Energy, Inc. XNRG

XNRG traded record volume on Friday, with more shares (10.6M) changing hands than on Wednesday and Thursday combined. Our timing was perfect on this stock, alerting it as a potential bounceplay, and it has certainly fit that bill thus far. Trading as low as .0055 Thursday, the stock went on to hit .0092 on Friday, a possible gain of 67%.

News Out Today:

PORTLAND, OR, May 13, 2013 (Marketwired via COMTEX) — Xun Energy, Inc. (OTCBB: XNRG) (XNRG) announced that the Company engaged RMJ Consulting LLC on May 1, 2013 to provide investor relations and consulting services. RMJ Consulting will assist XNRG with its efforts to enhance investor awareness, including but not limited to expanding its shareholder base, corporate communications and overall shareholder support. The initial contract runs for a period of twelve months and is renewable at the discretion of Xun Energy.PORTLAND, OR, May 13, 2013 (Marketwired via COMTEX) — Xun Energy, Inc. (OTCBB: XNRG) (XNRG) announced that the Company engaged RMJ Consulting LLC on May 1, 2013 to provide investor relations and consulting services. RMJ Consulting will assist XNRG with its efforts to enhance investor awareness, including but not limited to expanding its shareholder base, corporate communications and overall shareholder support. The initial contract runs for a period of twelve months and is renewable at the discretion of Xun Energy.