Blue Horseshoe Stocks: New Highs Everywhere!

New Highs Everywhere!

We were just updating readers on the progress of TLRY, DCTH, and NBEV in yesterday morning’s report. We were already impressed with their performances prior to yesterday, and yet each one managed to pile on the potential gains. All three rose sharply to new highs, so we’re coming right back to recap those excellent moves today. .

Tilray, Inc. TLRY – This is the hottest new IPO, and we’ve been tracking it since last Tuesday, at which time the stock was trading at 87.50. Yesterday it hit $300 even, an incredible seven-day swing of 243%

We were also tracking the TLRY 09/21 $91-93 Calls, which made great moves but have since been pushed so far into the money that they’ve been passed over, with the exception of the $93′s, which were still trading volume yesterday, and reached a high of 139.24, From our observed low of 5.23, that marks a fantastic gain of 2562%
_____

Delcath Systems, Inc. DCTH –
This play was placed on our watchlist three weeks ago on August 28th while trading as low as 1.76. Yesterday, it made its biggest single session move yet, rocketing to 10.30, for a huge rise of 485%
______

New Age Beverage Holdings, Inc. NBEV - Lastly, NBEV also logged its biggest single-day performance of all-time yesterday, as the stock ran to a new high of 4.94. We’ve been mentioning it frequently since the 4th of this month, as it was trading for as little as 1.50. We’ve thus far witnessed a 229% run in NBEV, who will be rolling out a CBD beverage line at an upcoming conference early next month. 
______

Greater Cannabis Co Inc. GCAN
Off of our cannabis watchlist yesterday came GCAN, which ran hard from .1453-.735, for an eye-popping single session gain of 406%
______

Fresh Options Idea:
Darden Restaurants Inc. DRI  Weekly $120 & $125 Calls
SPDR S&P 500 ETF (SPY) Weekly $291.50-292.50


Extended Watchlist:
NIHD, FNJN, LCI, TNDM, NEPT, GALT

Blue Horseshoe Stocks: HEAR Recap, Bottom Play & More

Turtle Beach Corp. HEAR

We do our best to keep up with all of the stocks we mention in our daily premarket reports, and this morning, we want to swing back to HEAR, which we were signaling for observation back on April 9-10th. Shortly thereafter, the stock traded for as little as 2.76, before beginning a steady month-long bull run.

Yesterday, HEAR attained a new high of 7.48, marking an excellent move up of 171% inside of the past month! Cheers go out to anyone who might’ve been able to take advantage of this very fine call.


Vista Outdoor, Inc. VSTO

We ran across VTO on our routine morning scan today, and want to include it as a high-potential bottom watch play. Whenever we see a stock this beaten back, and so egregiously oversold, we immediately go into rebound watch mode.

To help us take advantage of a possible recovery, which is overdue at this point, we’re going to want to signal an options idea to keep watch over in the days and/or weeks ahead- the VSTO 08/17 $15 Calls.


Extended Watchlist:
UURAF, LODE, PI, RKDA, BLNK, NIHD, FCRE

Blue Horseshoe Stocks: PSMT Review & More

Pricesmart, Inc. PSMT

On Friday morning, we selected a pair of contracts in the PSMT options chain, and we want to start off this new trading week by updating our readers on the excellent progress those calls made.

Our targets were the PSMT 04/20 $80 & $85 Calls and some very nice intraday gains were posted on both counts. The $80 Calls made their way from a low of 5.12 up to 10.98 for a move of 114% while The $85′s traded up from  2.50 to 6.70, marking a 168% rip.


NII Holdings, Inc. NIHD

We also want to look back on the recent performance of NIHD. We placed this stock on watch in our report from the morning of February 28th, and after seeing its low the following day, the stock hasn’t looked back since.

From that low, which came in at 1.115 (03/01), NIHD has gradually pressed its way up as high as Friday’s mark of 2.6092, which represents a 134% swing in the course of five trading weeks.


Extended Watchlist:
MYSZ, ABEO, HEAR, TEUM, LUK, EYEG, SGMO, NVCN (Bottom-Bouncer)

Blue Horseshoe Stocks: Options Ideas & More

SPDR S&P 500 ETF (SPY)

As you are probably aware the SPY (the markets as a whole) had been on a historic run starting in early 2016 which persisted through January of this year, when we experienced some of the biggest selloffs in market history. The SPY began to rebound earlier this month, and was making a pretty good run at a recovery until yesterday brought another significant backslide.

Despite yesterday’s hiccup, the SPY has been in a general uptrend for the last couple of weeks, and today, it looks like we could resume the path toward ascension. We’ll be ;looking for the markets to go green today, which could produce some notable opportunities in the SPY 02/28 $275-276 Calls*.

*Please note that these contracts expire today, thus the associated risk is that of trading weekly options on a Friday. It should never be attempted unless you are an expert level trader with disposable funds.


The TJX Companies, inc. TJX

TJX is exhibiting a considerable surge in premarket trading today. Despite missing EPS estimates in their Q4 earnings call, the stock is gapping up to the tune of 8% this morning.

When we see a monster gapper like this, we generally look to signal a range of options calls that will come into play in a dip-and-rip scenario, which are quite common in instances such as these. We will be tracking the TJX 03/16 $80-85 Calls.


Extended Watchlist:
ECYT, ENPH, CTRV, GLNG, NIHD, VEEV

Blue Horseshoe Stocks: NIHD Review & More

NII Holdings, Inc. NIHD

We initially tagged NIHD in our premarket report from last Thursday, and on that day we would observe a low of .5472 in the stock. It’s been stepping its way up, but this morning in premarket trading things have really kicked into high gear, with NIHD cracking through the dollar barrier.

As of this morning’s premarket high of 1.14, we’ve now witnessed an increase of 108% in NIHD over a span of just three trading sessions. In order for us to remain highly interested in this play, we’ll want to see it maintain support at or above its current 50DMA of .83 on any pullbacks that may occur.


Celsion Corp. CLSN

We called out CLSN in yesterday morning’s premarket report, and saw a modest yet respectable move out of that play as well. From a low of 3.85 the stock ran as high as 4.96, marking an intraday move of 29%

The stock was number four on the NASDAQ’s top gainer list for the day, and while it did end up tapering back to close near its daily lows, this morning it is gapping up again in the premarket. This surge of activity is primarily due to yesterday’s announcement of positive results in its ovarian cancer treatment trials.

We’ll definitely be keeping CLSN on our radars and watching for the continued establishment of higher lows off of our recently observed bottom.


Bitcoin Services, Inc. BTSC

BTSC was a part of the bitcoin watchlist we issued on May 25th in the midst of a bitcoin frenzy where the crypto-currency was soaring to new all-time highs.

The residual effect for plays like BTSC has been impressive, with with stocks PPS making a jump from our observed low of  .0366 up to a new high of .164 yesterday, which represents a 348% rip which occurred over a period of just seven sessions.


Egalet Corp. EGLT

Not only is EGLT coming off of a bottom on the chart, but in the space of the past 36 hours, the company has made two major announcements.

Yesterday, it was made known that EGLT had “received a U.S. patent for its proprietary Guardian™ Technology tablet architecture used to create precise delivery of combination products with immediate-, delayed- and/or extended-release properties.” (>>View PR)

Today, the announcement was that “one of the largest payers in the United States will provide coverage of ARYMO® ER (morphine sulfate) extended-release tablets” (>>View PR)


Extended Watchlist:
KMI, GAHC, EBIO, GALT, IAG, BLDP, SBGL