Tag: PBR

Blue Horseshoe Stocks: PBR, NQ & Extended Watchlist

Petroleo Brasiliero (Petrobras) PBR

PBR, which did so well for us earlier this year, is a point of focus for us once again. Since the huge gains the stock afforded us from March-May, it has consolidated a bit, and bounced off the 200DMA (Currently 13.69). We are turning our attention to PBR once again, because we want to be ready when the next upswing comes into effect.

We’d like to see support hold off of the 200DMA, and for the stock to make higher highs and higher lows to confirm the trend. When that occurs, we’ll be turning to the options chain as we did this spring,  and presently, we have our eyes on the 07/19 $15 Calls, which as of yesterday were trading in the .30-.38 range.

In the event that the stock tests its recent swing high of 15.85 by the expiration date, it could spell a double or triple for those contracts, so we’ll really want to keep a close watch. 

NQ Mobile, Inc. NQ

We’ve been tracking NQ this week; including the play in Monday’s Extended Watchlist, and this morning, we are seeing some serious pre-market activity on the stock. It is coming off of a recent bottom, and has already begun to fill one of the gaps on the chart this morning (Up to a high 10.45).

This morning’s announcement  is regarding the independent findings of the investigative committee assigned to look into fraud allegations levied against the company in the fall. NQ looks as if it will be cleared of any wrongdoing, and that appears to be contributing to this morning’s spike.

We could be looking into this one at just the right time; in addition to this morning’s good news, the company is also due to release its annual financials, and some positive figures could add even more fuel to the fire. Conditions appear to be reaching an ideal level for us to potentially register some sizable gains with this play.

Extended Watchlist:
TMSH, DRWI, ZBB, VNDA, TAST

Blue Horseshoe Stocks: ACGX Update

Alliance Creative Group, Inc. ACGX

We thought today would be a good time to revisit ACGX given the current positioning of the chart. For some of our newer readers; this was a play that has afforded us the chance at some stellar gains over the past couple of months.

Following a huge run to more than a penny back in April, we monitored ACGX for a bottom, which it found at .0035 (May 9th). Since that time, it has made a couple of significant swings, where it has run into some resistance at the .006-.0064 area. We are currently observing another strong move off of its most recent swing-low, with the stock having made higher lows for the past five consecutive sessions.

As you can see on the included chart, ACGX is on the fringe of cracking through its 50DMA, the RSI is about to flip up to the strong side, and the MACD appears to be setting up for a bullish cross. With these factors in alignment, we’re going to want to pay closer attention to ACGX over the course of the week.

Remember, per a recent PR, at the end of the month Alliance will be attending the 1st Annual Weedstock Conference in Denver (June 29-July 1), so we’ll be interested to receive an update on that come July.

More Info:
AllianceCreativeGroup.com


Provectus Biopharmaceuticals, Inc. PVCT

We spotted PVCT on a routine scan this morning, and wanted to include it given the current situation. The stock recently became the target of an upcoming class action lawsuit, and was actually halted on May 23rd. this led to a major selloff when trading resumed, triggering a gap-down.

It appears as if the firm handling suit has another couple of months to pull together plaintiffs for the case, so we’ll be long gone by the time that comes around. We are interested in PVCT purely for the potential for quick-strike opportunities as it corrects itself off of its recent lows in the .30-.70 range.

The re-filling of even a fraction of the gap on the chart could mean rapid profits for us, so we’ll be keeping an eye on this stock over the next few sessions.

Extended Watchlist:
IAG, DARA, SPEX, FREE, RNA, PBR

Blue Horseshoe Stocks: AAPL, PTX, ARTX & Extended Watchlist

A Word on the Apple-Beats Rumor

If you read or watch the news, chances are you’ve caught wind of the rumors surrounding Apple’s potential acquisition of Beats Electronics, purveyor of the vastly popular Beats by Dre brand of upscale headphones and speakers. It has certainly sent investors scrambling in recent days, as people attempt to ascertain the effects of a proposed $3.2B deal that would trump any of Apple’s acquisitions to date.

Price targets from some analysts are ranging from $600 to over $750/share when all is said and done. We’re not in the game of speculating that far ahead, but given the current conditions of the chart, if AAPL can break its previous swing high of $604.40, we could be in for another major run.

Some of our longer-term readers might recall latter half of last year, when we achieved possible percentage gains numbering in the thousands trading AAPL options as the stock trended up for several months culminating in December.

As with any rumor, we always need to consider the possibility that one or both parties will back away, but assuming it does go through, it could be one of the top stories in finance for many months to come. The deal would make Dr. Dre the world’s first hip-hop billionaire, and would conceivably outfit many if not all future Apple devices with one of the more popular names in audio.  This is definitely a storyline that we feel is worth following, so stay tuned.

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Pernix Therapeutics Holdings, Inc. PTX

We’ve got PTX on watch today after a morning PR (PERNIX Signs Agreement to Acquire TREXIMET® Tablets for Migraine From GSK) has caused the stock to gap up over 40% in morning trading to its highest levels since March.

In situations like these, we often see a couple of things; after the upward momentum has died out the stock could be a target for shorters. Profit-takers can also contribute to a reversal, which always has the possibility of allowing us to take advantage of dip-and-rip opportunities.

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Arotech Corp. ARTX

ARTX is another gapper, continues to rise in pre-market trading today on the strength of increased earnings outlined in a post-market PR yesterday.

The situation remains the same as previously mentioned; we like to monitor these types of plays, because sniping gains from stocks in this situation has become our bread-and-butter. No volatile run can sustain itself indefinitely, always leading to a subsequent course correction, and we like to lay in wait for the perfect time to pounce.

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Extended Watchlist:

UCEI, TSPT, LSG, PBR

Blue Horseshoe Stocks: PBR Options & Extended Watchlist

We will not be releasing the momentum play we hinted at yesterday, as we ultimately deemed conditions on the chart to be inadequate at this time. We don’t want to bring you anything that doesn’t give our readers a good chance to make quick profits, so we’ll hold on to this play until next week when the chart setup should be more to our liking. For now, we’ll just stick with what has been working:

Petroleo Brasiliero S.A. (Petrobras) PBR – Options

As we were stating yesterday, PBR has become one of our go-to plays in 2014, as its recovery from lows we observed in March (11.25) has been highly impressive. This morning in pre-market trading, we’ve seen shares change hands for 15.85.

Of course, its the options chain that has really been holding our attention, becoming a virtual wellspring of rapid-strike opportunities that has served us well time and time again in recent months.

We remain interested in the $14-15.50 Calls we were tracking yesterday, and if PBR can punch through this morning’s pre-market swing high (15.85) and sustain its upward momentum, we may even consider pushing up our strike price to the $16 Calls (Expiration 05/17).

Extended Watchlist:
CHTP, JASO, PME, ENG

Blue Horseshoe Stocks: Midday Updates – 05/07/14

We had to send out another afternoon update to touch base with our readers regarding the stellar performance of today’s mentions! In addition, we want everyone to scan their inboxes tomorrow morning at the opening bell, because a stock that we’ve been monitoring behind the scenes could be ready to be upgraded to “Momo-Play” status. If conditions are right, we’ll pass it along to you! For now, take a look at what today’s picks have done:

Fuelstream, Inc. FLST

FLST made quite a move this morning, trading from a low of .008 all the way up to .0174. That’s good for an intraday romp of 118%

From the low of .0037 that we observed just a few sessions ago, a move to .0174 represents a highly-respectable 370% increase.

Quantum Fuel Systems Technologies Worldwide, Inc. QTWW

The bottom we were looking for in QTWW occurred at 3.74 this morning, and the stock ran to a high of 4.64just a short time ago, gaining 24% intraday. That’s a notable single-session move for a Nasdaq-listed stock.

Speaking of which, QTWW does also have an options chain. For anyone speculating in QTWW Calls today, gains of up to 100% were possible. Cheers go out to any sharp traders who were able to net quick profits on the rebound.

Petroleo Brasiliero S.A. (Petrobras) PBR – Options

PBR saw a modest increase today as well, to the tune of 5% as it traded in a range from 15.03-15.795. To update readers on the status of our PBR options calls, the $15 contracts we were monitoring this morning traded up from .39 to .79 (103%).

. When we first caught this play on March 21st coming off its lowest price in nearly a decade (11.25), we identified a gap on the chart that has now been filled. The recovery has carried the stock up 40% to just a hair below 15.80. Between that and the multitude of opportunities we’ve had on the options side of things, PBR has solidified itself as one of our top performers in 2014.

There is also another gap on the PBR chart from 16.48-16.99 that could become our next target if PBR continues to gain ground.

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