Blue Horseshoe Stocks: DE Review & More

Deere & Co. DE – Options Review

We were following a group of ideas in the DE options chain last week, and saw some really nice activity both before and after the Thanksgiving holiday. Despite only a half-day of trading on Friday,  our targets, the Deere & Co. DE Weekly $143-146 Calls,  enjoyed new highs on the day.

We mentioned to our readers that despite seeing multi-bag gains prior to the holiday, it appeared as if they were in line for further moves to the upside, and we were absolutely correct. The following figures represent our observed lows from Wednesday morning, and the subsequent ranges to Friday’s impressive new highs:

DE Weekly $143-146 Calls
$143 Calls –
Range:  .82-4.80 – Max Gain: 485%
$144 Calls – Range:  .50-3.82 – Max Gain: 664%
$145 Calls – Range:  .30-2.80 – Max Gain: 833%
$146 Calls – Range: .19-1.86 – Max Gain: 879%

To throw into contrast the kind of success we’ve had over the past few weeks with our options trading ideas, keep in mind that these gains are mild compared to some of the ones we’ve seen!


Marathon Patent Group, Inc. MARA

We slated MARA for observation a few weeks ago back on November 2nd, and at the time, we’d witness a low of 1.19 in the stock. Despite shortened holiday weeks being traditionally subdued, that did not apply to MARA last week as it streaked to some very pleasing new highs. On Friday’s short day, the stock ran all the way up to 6.04, marking an increase of 408% for the month of November.

This morning, it gapped up like crazy, seeing a high of 16.99 in premarket trading, which extended that range to a walloping 1328% The stock did come back down to Earth, but is still trading higher than Friday’s highs, so we’re very curious to see how the start to this fresh and full trading week is going to play out for MARA.


VelocityShares 3x Long Nat Gas ETN (UGAZ)

We also want to begin tracking the activity in UGAZ, a Natural Gas ETN. Not only is this Note approaching heavily oversold territory after having just set a new annual low on Friday, but we’re heading into the thick of the cold weather season, when such heating fuels go into much higher demand.

We’re already seeing a gap up this morning, and will put  UGAZ on an extended term bottom watch. A hypothetical return to its prices from early this summer would approach a double-bagger on the chart from here.


Extended Watchlist:
OHRP, ROKU, RESN, CPRX, NOG, WPCS, MDGS

Blue Horseshoe Stocks: Pot Stocks, ALDR Recap & More

Max Sound Corp. MAXD
 
After congratulating ourselves on observing a 112% rip from MAXD after tagging it in Thursday morning’s premarket report the stock wasn’t finished. Just as a refresher, our observed low that morning was .0033 and the high came in at .007.

We said we wanted to keep tracking the stock due to a strong close and the momentum did indeed carry over into the new trading week. After the slightest dip to .006 first thing in the morning yesterday, MAXD once again took off northward, reaching a new high at an even penny.

The activity was good for isolated intraday gains of up to 67%, and at that penny high, it represented a two-session upswing of 203% over our observed low from Thursday. As long as MAXD continues to register higher base levels of support as it has done thus far, it will retain our attention.


Alder Biopharmaceuticals, Inc. ALDR

ALDR was an inclusion from yesterday’s watchlist as well, and we saw some excellent intraday gains, especially considering its elevated price range. We watched as it traded up from a low of 21.75 and reached a subsequent high of 27.79.

That represents a single-session advance of 28% which is all the more impressive coming from a $20+ stock. The move came on roughly fifteen times the 3-month average volume, and was facilitated by news of positive migraine study results.


Also included in our report yesterday was a list of marijuana stocks we’ve tracked over a period of years, that we wanted to revisit to kick off the week, as investor interest in the cannabis space seems to be on the rise of late. In addition to HEMP, which made a small double-digit increase but had a relatively modest session by comparison, the following pair each made gains of a more substantial nature: 

GreenGro Technologies Corp. GRNH – First up, GRNH made an impressive daily swing as it traded in a range from .03-.05, for potential profits of up to 53% being made possible on the day.

Terra Tech, Inc. TRTC – The other runner was TRTC, which made a move from .33-.41, a 24% increase. We’re going to continue to reserve a spot on our radars for this one as well, especially with a post-market earnings call slated for this afternoon. (Click through to PR for participation info)


*We also have a reminder for our readers of a couple other pot plays we’ve tracked in the past that we’re going to be monitoring more closely in the light of increased sector activity: PHOT, VAPE


Extended Watchlist:
AMBA, MINE, TAPM, OHRP, WATT

Blue Horseshoe Stocks: Options, MILL Recaps & More

Miller Energy Resources, Inc. MILL

More often than not, when highlighting a stock that has recently recorded a new 52-week low, we’ve had very good fortune- yesterday’s premarket tag of MILL was no exception. It had just registered its annual bottom on Tuesday, and it set us up to bear witness to quite a respectable rebound.

From a low of .26, MILL surged as high as .38, marking an intraday pop of 46% and it happened on just over six times the 3-month average trading volume.

The move came in conjunction with an interesting sequence of events-Tuesday the company announced its significant doubt of its ability to continue as a going concern, which is what brought it to a new 52-week low. We caught it on the news scanner yesterday with a more positive message, regarding the receipt of a $33M tax credit from the State of Alaska and a potential loophole on the company’s debt in the form of a possible loan.

From this point forward we’d suggest an added note of caution pertaining to MILL on account of these somewhat mixed signals. The company is still in danger of filing for bankruptcy, but for our purposes, it turned out to be a nice mid-week bottom-play.


NuGene International, Inc. NUGN

We also wanted to point to another PR that hit the wires yesterday on a stock that we’ve been monitoring this summer. Back on June 15th, we tagged NUGN for observation and watched as it ran from 2.67-3.88 (+47%).

This week, after pulling back to find support at a low of 2.55, NUGN is rebounding back past the $3 mark. We’re going to want to watch it into next week, especially after the exposure that it’s set to receive this weekend.

Per a PR released yesterday the world-famous Kathy Ireland, whose namesake products NUGN distributes, will be doing a special on Fox Business Network (Sunday, 5:30pm ET) and Bloomberg International (Sunday, 8:30am CET, 3:00pm HKT, and 10:30am CDT). It’s called Worldwide Business with kathy ireland® and it will introduce a new line of stem cell-based skincare products. >> VIEW PR


Options Recap

It may be hard for some of our newer subscribers to believe, but most of the options calls we made yesterday morning ended up yielding chances at double-bag gains! Our regular readers won’t be surprised at all, as we routinely formulate such opportunities for options daytrades.

FitBit, Inc. FIT

All of the FIT Options ideas we signaled (Weekly $45.50-48 Calls) yesterday gave us the chance for notable gains, with the most significant action coming from the $46-48′s.

The $46 Calls initially ran 192% from 1.06-3.10, then dipped to a low of .79 before rebounding to 1.85 for an added 134% swing. 

The $47′s first burst carried them from .96-2.24 (+133%) dipped to .45 closed at 1.20 (+166%)

$48 Calls went on a 93% run from .88-1.70, and pulled back to .40 before ripping back to .75 for a chance at an extra 87% gain.

___

Netflix, Inc. NFLX

Our ideas for NFLX Weekly $100-105 Calls are figuring to turn out quite nicely as well before the week is out.  In the image below we can see the closing prices on all of those contracts; with NFLX trading above $110 in the premarket, we expect to see all of those prices increased significantly as they’re pushed deeper into the money. We’ll be on the lookout for dip-and-rip scenarios for the remainder of the week and may consider rolling our strike prices up closer to the money, perhaps somewhere in the 107.14-111.43 range in the event the uptrend continues.


Extended Watchlist:
FCEL, OHRP, PIRS, MNGA, EXEL, ANR(watching for eventual bottom)

Blue Horseshoe Stocks: ONCY Recap & More

Oncolytics Biotech, Inc. ONCY

ONCY emerged from our extended watchlist and stole the show yesterday with an exceptional intraday run. The stock saw an early morning low of .80 then proceeded to bull its way upward for the remainder of the session, breaking through the 200DMA (.92) and setting its daily high of 1.10 inside of the last hour of trading.

The spike was good for gains of up to 37% on the day, and ONCY held a vast majority of those gains, closing at 1.07. We were extremely pleased with our timing in flagging this play when we did; the strong performance came on more than 12x the 3-month average number of shares traded, setting a new 52-week high for volume in the process.

With the kind of breakout momentum we saw build up in ONCY yesterday, we’re going to continue to reserve a spot for it on our watchlist, provided the stock can maintain support at or above the .85-.87 area on any pullbacks. It’s gapping up in the premarket this morning, so there’s a reasonable chance of some early profit-taking today.

ONCY is currently being given a 88% Overall “Buy” Opinion Rating at BARCHART.COM


Ohr Pharmaceutical, Inc. OHRP

We also wanted to make a note of another of our stated items of interest which made a nice move right off the bat yesterday. OHRP came off of our extended watchlist to trade in a range from 8.55-10.58, a 24% intraday increase.

Volume came in at more 16x the 3-month average for the session. The stock held more than half of its daily advances into the close (9.78), and is gapping up slightly in premarket trading this morning. The stock will receive our continued attention in the event that it can hold support above 9.50.
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Biocept, Inc. BIOC

BIOC began appearing in our reports for the first time back on February 17th via our extended watchlist. Subsequent to that point, we witnessed the stock spike in a big way from a low of 1.35 up to a high of 4.91 just seven sessions later on February 25th; an initial run equal to an increase of 264%

After consolidating off of that high the stock found support at 2.73 on Friday before beginning to rebound. Yesterday brought a continuation of that recovery as BIOC found its way back to 3.94, which marks a 44% swing.


Extended Watchlist:
 MDR, FNJN, AMCO

Blue Horseshoe Stocks: Reviewing EYES, MNST & More

Second Sight Medical Products, Inc. EYES 

When we first began tracking EYES in last Tuesday’s morning report, the stock was trading at a low of 9.55, and it would spend the next two sessions bulling its way up as high as the 14.40′s. On Thursday, the stock underwent a slight consolidation, coming back to ultimately find support in the 11.80-range.

Then on Friday, EYES made another significant run as it exploded out of the gate at a low of 12.17 and soared to an afternoon high of 17.39. It marked an strong intraday gain of 47% on more than 16x the 3-month average volume.

That high also resulted in an overall increase of 82% above the low we observed on Tuesday morning, an incredible 4-day swing for a stock trading in this price range.


Friday’s Options Idea

We also want to take a minute to congratulate any of our readers who connected on our options daytrading idea for Monster Beverage Corp. MNST from Friday’s report. Just to refresh your memories, we speculated that $135-137 Weekly Calls might have been in line to see some rapid upward moves, and that’s precisely what occurred as the stock made its own solid run.

The first hour saw MNST trading the entire breadth of its daily range from a low of 137.72 to a high of 143.89, and as a result, our targeted contracts saw sharp rises in excess of roughly 200%


Added Reminder:

For some of our newer readers who may not be familiar with our operating procedures, EnXnet, Inc. EXNT is going to serve as an excellent reminder of why we encourage our subscribers to check our blog at BlueHorseshoeStocks.com each morning, even if you’ve already read our report via email or a republish on a Third-Party website.

Very often, we catch runners early in the session that were not included in our daily premarket report, and when this occurs, we place these symbols on our sidebar tracker.

Just such a occurrence came in the form of EXNT on Friday at approximately 9:50AM when we spotted it and placed it on the tracker. From that time on, the stock traded up 137% from a low of .04 to subsequent high of .095, so again, we encourage everyone to visit Blue Horseshoe Stocks after trading commences each morning to catch potential late-adds just like EXNT.


Extended Watchlist:
 ARCP, ATHX, OHRP, AXPW, ONCY, CYCC