Blue Horseshoe Stocks: ACGX, SKYF & Extended Watchlist


Alliance Creative Group, Inc. ACGX

We’re looking to ACGX once again this week- If you recall, back in April this stock brought us chances for significant gains as it ran 100% from .0055 up to .011.

We followed up early this month where we put the a stock on bottom-watch. Since then, it has consolidated down to find that solid support we were looking for at .0035 and has begun to rebound.

Yesterday ACGX cracked back above its 50DMA at .005, and that’s where we’d like to see support hold from here. There’s some key resistance coming up in the .007-.008 range; if ACGX can make a move back to pennyland, it will spell gains of 65% or more, so we definitely want to continue monitoring this play in upcoming sessions.

We’ve prepared a short video presentation of the chart, click below and take a look:



SKY440, Inc. SKYF

Congratulations are in order for anyone following along with our call of SKYF earlier in the week. After making a 100% intraday run from .0012 to .0024 following our initial alert, the stock came back to bounce off of support at .001 yesterday morning. It subsequently ran back to .0018, tacking on another 80% to the gains we’d already observed.

One of the things we’re not crazy about with SKYF is the Caveat Emptor status designated to it over at OTCMarkets.com. We’d like to see that info get updated, although there has been no indication that the process is underway.

In the meantime, chart-wise, key resistance in the .0022-.0024 range must be broken, or we’ll consider taking profits off of the table and moving on. Additionally, support will need to continue to hold at or above .001 to keep SKYF an item of interest.



Extended Watchlist:
SRC, GTIV, PTX, CLNT, PERI, RNBI

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.

_________

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.

______

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.

________

Extended Watchlist:

UCEI, TSPT, LSG, PBR