Blue Horseshoe Stocks: BLDV Recap & More

Blue Diamond Ventures, Inc. BLDV

After being discussed in our daily live trader’s chat on Thursday, BLDV went on a run from .0005-.0017, as we were mentioning in Friday’s morning report.

With another solid session to follow, BLDV became the second multi-day cannabis-related runner yielded by our chatroom in as many weeks (INMG being the other). The stock traded in a healthy range from .0016 to .0029, for an 81% intraday pop, which came with a massive surge in volume in the neighborhood of 9X the monthly average.

Those who did happen to catch the low following the chatroom alert on Thursday would have had the chance at carving out a large slice of a two-day swing that amounted to a whopping 480% That’s precisely why we’ve been routinely encouraging readers of our daily reports to get involved with our daily live chats.

The chats are open to any of our subscribers who wish to participate (or merely observe) and are conducted exclusively via Skype. Send a contact request to username ‘stocksumo‘ and get involved today! 


NanoSensors, Inc. NNSR

An honorable mention from Friday’s report was NNSR, which we had tagged in our extended watchlist. The stock made an appreciable intraday move from a low of .00695 to a high of a penny. That was good for a 44% pop, although the stock failed to maintain at least half of its gains into the close.

Still, we’ll continue to monitor this play as we kick off a new trading week, as it has the type of volatility that could easily facilitate another bullish push.


NoHo, Inc. DRNK

Continuing along, with the recent trend of super-subpenny movers, we’re taking a flier on DRNK which was showing an increase in volume last week on the heels of key announcement to hit press wires.

The pickup in activity seems to have been tied primarily to the announcement of a national sales and distribution agreement with BNG Enterprises, Inc. out of Tempe, Arizona (www.bngprodx.com). The agreement provides BNG the exclusive rights to sell the NOHO 2oz Shot throughout its nationwide retail stores as well as online sales through Amazon®. (>>View Full PR)

Assuming that this super-subpenny will break into the subpenny range or higher like some of the similarly-priced stocks we’ve been tracking in recent weeks would be only speculation at this point. But we’ve seen enough triple-zero plays break out in such a short period, that we’ll definitely want to keep a close eye out for more opportunities like that, and DNRK could easily be the next one to go for a big ride.


International Business Machines Corp. IBM

We took notice of the IBM chart this morning, and would like to signal a set of extended-term options contracts for observation based on our perception of the stock. From a purely technical standpoint, IBM looks like it could have slighlty further to fall before making a convincing reversal, but indicators also suggest the stock is heavily oversold, so that change could happen at any time.

The stock showed a slight inclination to come up off of its lows last week, and there is also a pretty sizable gap to the upside to roughly the $170 area. We’re going to place the IBM 06/16 $165 Calls on watch as a result, and if IBM can make a move to return to $170 by the expiration date, these contracts could be in line for a double or even triple-bag move.


Extended Watchlist:
SPCL, OWCP, BCR, RGSE, HAS, PTX, SNGX,

Blue Horseshoe Stocks: AGTK Recap, Options & More

Agritek Holdings, Inc. AGTK

The standout runner from yesterday morning’s premarket report ended up being AGTK. We noticed it had been ramping up in PPS over the preceding two sessions, and figured it was worth tracking. We were right on in our assumption, as the stock traded in a respectable daily range, running into the close with strength.

AGTK saw an early low of .00168 before running to a high of .0025, representing a single-session spike of 49% The move came on stronger-than-average volume, and marked the third straight session of higher highs and higher lows.

We’ll remain interested in tracking the activity in AGTK provided it can hold support at or above .002; next key areas of resistance are at the 50 and 200DMA’s at .0029 and .0031, respectively.


Options Ideas:

We’ve got a pair of options chains to watch as well, for the following ideas:

Ford Motor Co. F – Our idea concerning Ford is based more off of technical factors of the current chart. As you can see, there are a number of indicators pointing to the possibility of a forthcoming recovery. We want to select a set of contracts with an extended expiration to give our idea time to manifest; the F 09/16 $12.75 Calls. The stock is searching for a bottom, and we’ll need to wait until just the right moment when it begins to rebound and possibly make a run at filling the gap.


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Time Warner, Inc. TWX – The other plays we’re going to be keeping an eye on are short term, weekly expiration ideas: TWX Weekly $77-79 Calls.


Odyssey Marine Exploration, Inc. OMEX

Lastly, we want to put another new play on watch, based purely off of the look of the chart. As you can see, OMEX is in the process of filling a major gap on its chart from this spring, and it just bulled through its 200DMA yesterday. The RSI has also cracked into the power zone, so we’ll definitely be observing the near-term activity on this play.


Extended Watchlist:
ASTI, COSI, TEUFF, MGT, PTX, SHIP, GLBS

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

Blue Horseshoe Stocks: Pharma Watchlist & More

Actinium Pharmaceuticals, Inc. ATNM

We want to start things off this morning by taking a look at ATNM, for a couple of reasons. First, from a technical standpoint, the chart appears to be coming off of a relative bottom, and a number of indicators suggest that a sizable upswing could occur in coming sessions.

Those include a MACD and Histogram that look to be gearing up for a possible cross into bullish territory. Each of the past two times that occurred, the stock saw an appreciable move to the upside. The RSI also looks to be coming off of being oversold- we’ll be looking for a break of that 50-line, and the registering of higher lows and higher highs as ATNM attempts to establish a continued trend off of its recent lows.


The other factor that is indirectly drawing us to ATNM is the fact that it operates in the Pharma sector, which is sure to be at the forefront of the news with a couple of huge buyouts. Pfizer has bought Anacor (ANAC) and Luminex bought Nanosphere (NSPH). Whenever we see groundbreaking events happening in biopharma, there tends to be a rise in overall activity for the industry.

That’s why, in addition to ATNM, we’ll be placing the following couple of stocks on watch as we kick off another trading week: Inovio Biomedical, Inc. INO, and Sorrento Therapeutics, Inc. SRNE


3D Systems Corp. DDD

After an impressive run-up on the chart which lasted from January to April, DDD has taken a pretty substantial pounding in the month of May.

The stock came down to bounce off of its 200DMA on Thursday, and recorded higher highs and higher lows on Friday. We’ll look for a continuation of that trend into today, and monitor DDD for a possible recovery. We will need to see the stock hold support at or above the current 200DMA of 11.73 on any pullbacks in order for it to hold our interest. A return to its PPS levels from the end of April from this juncture would produce potential gains of at least 50%


Extended Watchlist:
STVF, ELTP, CSOC, GSAT, BCEI, PTX(Coming Off Bottom)

Blue Horseshoe Stocks: Fresh Options Ideas & More

Horizon Pharma plc  HZNP

Good morning traders! We’re back to kick off another trading week, and we’re going to start off by taking a look at an early mover in HZNP. The stock is gapping up moderately on the tail of a mixed-result earnings release, as a well as the announcement of a 5M share repurchase program.

We’re interested in signaling a pair of options contracts in the HZNP chain for observation, should the bullish sentiment we’re seeing here in the premarket boil over into the session.

Our targets are going to start out as the HZNP Weekly $14 and 15 Calls. Key resistance is currently sitting at the 50DMA of 16.15. In the event that HZNP were to test and breach that boundary, we’d look to roll up our strike price to the $16′s.


Yelp, Inc. YELP

YELP was included in our watchlist on Friday, and the stock produced a bullish performance on the day. We observed a 13% rise on the day from a low of 23.66 to a high of 26.75. That’s a respectable single-session move out of a stock in this price range.

Moving forward, we’ll be watching closely for YELP to maintain support above its current 200DMA of 23.55. That will act as our deciding point on the chart. Should the stock hold above that level on any pullbacks, we’ll look for possible swing-trade opportunities in YELP Weekly $24-27 Calls. Failure to hold that price point would signal us to flip to the bullish side and the $27-24 Puts.


Square, Inc. SQ

We also want to put SQ on a bottom-watch this morning after a post-market earnings call on Thursday precipitated quite a bit of fallout during Friday’s session. Despite a boosted outlook for the remainder of 2016 and big-time growth compared to the same quarter last year, SQ was absolutely hammered.

That makes it fair game for a potential rebound in coming sessions, so we’ll have it on our radar for that possibility. If it appears that a recovery is imminent, we’ll look to use in-the-money calls to leverage some nice gains out of this play.


Extended Watchlist:
JNSH, BTSC, TALK, GEVO, SSYS, PTX,