Blue Horseshoe Stocks: MTBC Recap & More

Medical Transcription Billing Corp. MTBC

We caught wind of a potential opportunity in MTBC yesterday morning on a routine scan, and we included it in our extended wathclist for the day. We’re glad that we did, because it turned out to be our top performer for the session!

From a low of 1.43 MTBC shot to a high of 2.87 for an early intraday rip of 101% The stock traded massive volume to the tune of fourteen times the monthly average, while holding the vast majority of its daily gain into the close at 2.40. Based on those factors, we’re very interested to continue tracking MTBC over the course of the next few sessions.

While it does appear overbought at the moment, having been in a bullish pattern for a week now, the stock is currently in blue skies, so there’s no telling where this run might end. One thing’s for sure, when it does begin to pull back off of these impressive new highs, we’ll be waiting in the wings for a subsequent dip-and-rip.


Ocwen Financial Corp. OCN

Yesterday morning we pointed out that OCN was looking massively oversold after falling off a cliff a couple of weeks ago. We also alluded to the fact that it was gapping up significantly in the premarket.

Our vigilance paid off instantly as the stock quickly turned into the bottom bouncer we had it figured for, running 30% intraday from 2.60 to 3.38 on roughly six times the 30-day average. Even if it just returned to its 200DMA, it would spell further gains of 38% so we’ll continue to keep an eye on OCN.



NXT-ID, INc. NXTD

Speaking of bottom-plays, we’re taking notice of NXTD this morning as the stock is gapping up past its current 50DMA of 1.86 in the premarket.

Prior to today it had already begun to bear the look of a stock that was ripening for a rebound, and we’re going to want to pay close attention to its progress in sessions to come looking for the recording of higher highs and higher lows.


Extended Watchlist:
BLDV, IAC, REXX, CHGG, MOC, BDSI, GSL

Blue Horseshoe Stocks: AMLH Update, Options Idea

American Leisure Holdings, Inc. AMLH

After watching it run more than 2000% several weeks ago, we began tracking AMLH’s subsequent consolidation and rebound, and the results have been quite pleasing to this point. On Thursday morning, we recapped the stock’s progress to that point as it bounced and ran from .0029-.007 (141%). We also said we’d be on the lookout for the stock to break that resistance at .007, and on Friday, that’s just what it did.

AMLH traded in a daily range from .0058 to .0093, which goes down as an intraday jump of 60%, and a big-time increase of 220% over the previous week’s swing low.

Our regular readers will recall that AMLH started out as a call from our daily live trader’s chatroom on March 27th*, and from the low we witnessed at that time (.0003) this stock has posted an astonishing 3000% upswing!

*As always, we invite any of our readers to participate and/or observe our live in-session trader’s chats via Skype. Simply send a contact request to username “stocksumo” to get involved!


DISH Network Corp. DISH – Options Idea

We noticed that not only is DISH looking relatively toppy on the chart at the moment, as you can see on the snapshot below, but this morning the company also had a rather ugly earnings release. It included declines in revenue and profits,not to mention more subscriber loss.

We don’t often jump to the bearish side of the fence with our ideas, but in this case it seems appropriate. We’re going to have the DISH 05/12 $62-60 Puts on our radar to take advantage of what could be a significant backslide over the next several sessions.


Ocwen Financial Corp. OCN
& First NBC Bank Holding Co. FNBC

We want to put this pair of finance plays on watch after noticing that both stocks have been beaten back quite a bit over a relatively short period of time.

In the case of OCN, the stock is massively oversold after falling off a cliff a couple of weeks ago, but began to bounce last week, and is gapping up significantly in the premarket.

FNBC is actually gapping down heavily (roughly 90%) in the premarket, so we’ll have to monitor this one for its bottom, but after it’s reached we could in in for a heck of a bounce here as well.


Extended Watchlist:
CEI. GRLT, BLPH, PLUG, MTBC, JIVE, XXII

Blue Horseshoe Stocks: Options Recap, Cannabis Play & More

SPDR S&P 500 ETF (SPY) – Options Recap

Despite market-wide turmoil over Britain’s “Brexit” vote, we saw fit to target a range of SPY options for observation in Friday morning’s premarket report. Our highlighted contracts were the SPY Weekly $200-205 Calls and with the exception of the lower denominations, which were were too far into the money to see any solid gain opportunities, they worked out quite well.

Some intraday volatility was the primary element which allowed quick-fingered traders to reap instant rewards from all but two of the contracts in the $205-202 Put-range. The potential gains were as follows:

$205 Puts – Trading Range:  .77-2.43 – Max Gain: 215%
$204 Puts* – Trading Range: 1.20-3.05 – Max Gain: 154%
$203.50 Puts* – Trading Range: 1.55-3.15 – Max Gain: 103%
$203 Puts* – Trading Range: 1.82-3.86 – Max Gain: 112%
$202 Puts – Trading Range: 2.87-4.88 – Max Gain: 70%

*Contracts labeled with an asterisk also saw a late day run of OVER 200% EACH, in addition to the initial moves listed above!


New Columbia Resources, Inc. NEWC

Today we’re circling back around to a play we have tracked in the past. Things have been mostly quiet for NEWC this year, with the exception of a massive run from the .007-range up as a high as a nickel. Since that time, leading up to last week, the stock had been under consistent consolidation. Tuesday, it began to experience a bounce that once again has our interest focused upon this cannabis-related play.

Due to the apparent impending end of over five decades of internal hostilities in Columbia, the company has commented on a bolstered outlook for its projects (both cannabis and mining) in the South American nation. Should the resolution be ratified in an upcoming referendum, it could mean good things for the future of NEWC, and accordingly, its stock.


Extended Watchlist:
XTRN, PXYN, SKUL, PTX, XGTI, ATRS, OCN