Blue Horseshoe Stocks: Bottom-Watch Plays & More

Ford Motor Co. F
Ford is the first of a couple of bottom-watch plays we want to signal for observation as we kick off a fresh trading week. The month of January was rough for the Detroit automaker, bringing a precipitous fall into heavily oversold territory.

We are just now, in February, beginning to see the signs of a recovery. As you can see on the snapshot of the chart below, the stock has just started to come off of being oversold and bounce off of its lowest PPS since August. The MACD also appears to be converging for an upcoming cross, and there’s a gap to the upside as well.

We’ll look to take advantage of this setup by tracking the F 03/02 10.37-11.37 Calls in the days and weeks ahead.


BioMarin Pharmaceutical, Inc. BMRN

Another potential bottom play we want to look at this morning is BMRN, which also recently has been beaten down to what we feel are unsustainable low levels. We’re getting a heavy multiple-bottom signal as the strength index is tumbling toward extremely oversold territory.

The look of the MACD suggests some further decrease or sideways trading could occur, which is why we’ll want to look at a set of extended term options contracts, the BMRN 03/16 $80 & 85 Calls. With over a month until expiration, that should give us ample time for the stock to realize the recovery it appears to be building toward.


Extended Watchlist:
AQMS, DO, NXTD, NGD, FNN, NOG, MARA, HMNY,

Blue Horseshoe Stocks: AAPL Update & More

 Apple, Inc. AAPL – Options Recap

The current earnings season really kicked into high gear for us yesterday with our signal on AAPL. To go along with the activity we were observing in the premarket just formulated an options trading idea with the AAPL Weekly $125-127 Calls, and were ultimately met with chances for huge gains across the board.

Regardless of which strike price was chosen within that range, multi-bag gains were there for the taking:

$125 Calls – Range: 1.18-5.00 – Max Gain: 324%
$126 Calls – Range: 1.36-4.46 – Max Gain: 228%
$127 Calls – Range: .61-3.55 – Max Gain: 482%
$128 Calls – Range: .45-2.61 – Max Gain: 480%

We were obviously very pleased with our calls and the intraday opportunities they provided, and  have no problem simply walking away after such a bang-up session. That being said, we’ll go ahead and continue to track the activity over the remaining two sessions this week, just for good measure.

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FRESH IDEA:

Facebook, Inc. FB - Continuing our ride on the earnings train, we’re going to signal a range of options in the FB chain on the heels of yesterday’s post-market earnings report.

Our target range today is going to be the FB Weekly $133-136 Calls.


Alkame Holdings, Inc. ALKM

Last week as we were following ALKM, mentioning it in all three reports from the 25th-27th, we witnessed a low of .0014. Yesterday, the stock broke out on mega-volume running to a high of .004 where it also closed, having traded 6X its 30-day average volume.

It worked out to a week-over-week increase of 186%  We’re also going to want to continue keeping tabs on ALKM after yesterday’s strong close.


Extended Watchlist:
ISBG, MJTK, VAPR, NOK, MJN, NGD

Blue Horseshoe Stocks: NOUV Update & More

 Nouveau Life Pharmaceuticals, Inc. NOUV

As if the two-day, 1102% swing we had already witnessed from NOUV between Thursday and Friday weren’t enough, the stock continued to show volatility with a nice intraday move yesterday following its inclusion in our morning report.

NOUV traded in a range from .0046 up to .008, marking an intraday rip of 74% which came on roughly eight times the 3-month average volume. It also closed having held more than half of its daily advance, which puts us on alert to continue monitoring its activity as we progress through the week.

***Participate in our daily traders chats via Skype! The NOUV pick came courtesy of one of our regular participants in the room last week. It doesn’t matter if you’ve just started trading, or if you’ve been doing it for ages, all of our readers are most welcome. Simply send a Skype contact request to username: ‘stocksumo’ and join us!


New Gold, Inc. NGD

We want to place NGD on an extended bottom-watch after the activity which has transpired over the past few sessions. The stock fell off of a cliff, dropping more than a third of its total value in less than a full trading week. The move comes in conjunction with the announcement that production costs per ounce would rise in 2017, as well as the company coming up short on financing for the buildout of its ‘Rainy River’ mine by more than $100M.

While those are certainly noteworthy occurrences, we look at the rapid drop-off in PPS more as an opportunity to get some skin in the game at a discounted price. We’ll be watching NGD closely for a reversal, which admittedly might not happen right away, but could be quite a prime rebound opportunity when it does.

It’s worth mentioning that despite production costs per ounce rising from just under $700 to more than $800 for NGD, even at the higher figure, it still places them well in the profitability range (gold currently trading for, and at a significantly lower cost than many mining outfits.


Wal-mart Stores, Inc. WMT – Options Idea

Speaking of longer-term ideas, we’re looking at WMT this morning after the stock posted a near 9-month low on Friday, followed by a bullish candle to kick the week off yesterday.

It comes on the heels of the news that the retail giant had fired a shot across Amazon’s bow, with the revelation that it would be offering free two-day shipping on over 2 million items via Walmart.com, which cuts Amazon Prime’s main incentive off at the knees.

We’ll be very interested to see how the market responds to such a development over a longer time frame. In correlation, we’re going to be monitoring the activity in the WMT 03/03 $68-69.50 Calls in the days and weeks ahead.


Extended Watchlist:
QSIM, CEGX, ISBG, GMNI

Blue Horseshoe Stocks: Winning LVS Options & More

Las Vegas Sands Corp. LVS – Options Recap

To correspond with the surprise news that Macau gambling revs broke a two year pattern of disappointment, we prepared ourselves with a few options ideas yesterday, and while they all provided opportunities to an extent, the one that shone through as the clear winner was Las Vegas Sands.

We zeroed in on the LVS Weekly $51-52.50 Calls for potential daytrading chances, and regardless of the chosen strike price, multi-bag intraday gains were there for the taking. The possible profits were as follows:

$51 Calls – Range: 1.18-2.83 – Max Gain: 140%
$51.50 Calls – Range: .85-3.36 – Max Gain: 295%
$52 Calls – Range: .40-1.82 – Max Gain: 355%
$52.50 Calls – Range: .30-1.62 – Max Gain: 440%



Kibush Capital Corp. DLCR

After alerting DLCR in Wednesday morning’s premarket report, the stock has gone on a heck of a two-day run for us. Yesterday we mentioned that we’d keep an eye out for a continuation of the uptrend, and got just what we were looking for as the stock streaked to new highs for us.

It traded in a range from .0036-.0071, falling just shy of a double-bagger with a 97% intraday push, and from the low we observed on Wednesday morning subsequent to our initial report (.00297), it represented a two-session overall increase of 139%


Ocean Rig UDW Inc. ORIG

We’ve also got a potential bottom-play hitting our scanner this morning in ORIG, so we wanted to make mention of that as well.

All it takes is a quick glance at the chart to see why we’ll be interested in tracking the activity in this stock in sessions to come. We’ve got a strong double-bottom signal, a bullish MACD cross in progress, and the RSI is indicating that ORIG is presently oversold.

These are all factors we routinely search for, and when coupled with a sizable gap on the chart to the upside, and the fact that it was trading at three times its current price less than a month ago, we’ll certainly want to watch this one closely.


Extended Watchlist:
BTG, FSM, NGD, TRUU, CCLX, ICLD,