Blue Horseshoe Stocks: SPY, MAXR Recaps & More

Maxar Technologies, Inc. MAXR – Review

Despite what appears to be a significant downturn looming this morning, the markets as a whole posted a solid bullish session on Friday, and that helped one stock we’ve been tracking in recent weeks to record a new high for us.

We tagged MAXR for observation in mid-March, and before the end of the month, it had consolidated down to a low of 3.83. The month of April brought a fairly steady uptrend, and Friday’s strong performance kicked it up another notch. The stock hit a new high of 6.66, marking a move of 74% in just over six weeks. The stock filled almost the entire topside gap that was on the chart, and the RSI has just cracked into the Power Zone, so we’ll want to continue to keep an eye on its activity.

Sysco Corp. SYY – Options Idea

Despite continued China trade tensions throwing a wrench into the markets to start the week today, we are going to be looking a little further ahead with an options idea relating to the imminent golden cross on the SYY chart, combined with the company’s earnings beat posted this morning in the premarket.

The food wholesaler has a chance to break a double top, and we’re going to be ready with an options idea in the event that it manages to do so. Our highlighted targets are going to be the SYY 06/14 $69.50-71 Calls.

Friday SPY Update: We signaled interest in the SPDR S&P500 ETF (SPY) Weekly $292.50 Calls on Friday morning, and those contracts traded up from a low of .53 to 1.76, which represented a single-session move of 232%

Special Note: Our extended watchlist today contains more penny stocks than usual. The OTC tends to heat up when uncertainty strikes the larger markets. We’ll have an eye peeled for interesting activity on that front.

Extended Watchlist:

Blue Horseshoe Stocks: GBSN Review, Options Update & More

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

Our first options idea of this short week turned out to be a rousing success by all accounts. We noted the change in the tides regarding a general market rebound aided by a healthy surge for oil, and proposed a range of weekly contracts in the SPY to help us leverage some gain opportunities out of those conditions. We signaled our interest in the SPY Weekly $188-191 Calls and were met with some very good chances as the SPY itself steadily pushed from 187.63 to 189.81, closing very close to that high mark.

As a result, all eight of our observed contracts enjoyed significant surges. We’ll simply provide a range of the possible gains in the interest of time. The $188 Calls traded up from 1.64-2.65  for gains of up to 72% while at the other end of the spectrum, the $191′s ran 123% from .39-.87. Again- commensurate gains were available anywhere in that $188-191 Range. 

This morning it appears as if those figures will be extended as the SPY once again gaps up in the premarket, having already breached into the $190′s; we’ll be on the lookout for a possible dip-and-rip.  Another boost for the markets today would mark the first three-day rally of 2016.

Great Basin Scientific, Inc. GBSN

We had been passively monitoring GBSN for a bottom for quite some time when we finally decided to make mention of it in our morning report yesterday. The stock was in an overall downtrend for many months leading up to its all-time low which was recorded just last month.

We seem to have brought GBSN back into the fold at a very opportune moment, as yesterday marked one the stock’s largest single-session gains of the year so far. From its morning low of .1951, we watched as it shot to a daily high of .2698 which hashes out to a healthy intraday day pop of 38% on double its 3-month average volume.

Ideally we’d like to see GBSN maintain support above yesterday’s swing low while attempting to test the key area of current resistance at a previous swing high of .33.

Rockwell Medical, Inc. RMTI 

Another notable mover from yesterday’s session is RMTI, which managed a strong push over the first couple hours of trading. The stock traded from a daily low of 6.90 on up to 8.63 on approximately four times its 3-month average volume, which represented a respectable 25% move up.

We’ll continue to keep an eye on RMTI moving forward, especially in light of the interesting PR to hit wires this morning alluding to a potentially lucrative agreement that puts the company in line to market its treatment for end-stage renal and chronic kidney diseases in China.

Other Notable Gainers

Provision Holding, Inc. PVHO

We tagged PVHO for observation in our report dated a week ago today, meaning it took just four sessions for this idea to yield a great opportunity for a lucrative swing-trade. We observed a low of .084 subsequent to that alert and the stock hasn’t looked back since. It has set higher highs in each ensuing session, culminating in yesterday’s high of .18. That marked a move of 114% so cheers to anyone who was along for the ride!


Horsehead Holding Corp. ZINC(Q)

We introduced ZINCQ as ZINC a couple of weeks ago before the Q was appended, and despite the bankruptcy status, we’ve seen quite the move out of the stock.

We showed up slightly early to the party, introducing it as a bottom-watch play on the first of this month, but that just ensured that we had a chance to position ourselves before the fun began. Our observed low subsequent to that initial alert was .06 just a couple days hence, and that eventually gave way to yesterday’s impressive new high of .335, which marks an epic 458% run.

Extended Watchlist:

Blue Horseshoe Stocks: Friday’s Movers, New Ideas & More

Friday’s Notable Moves

Each of the following plays exhibited appreciable upswings on Friday afternoon after having appeared in our reports for the day and days prior. We’ll have each of these stocks on watch for the possibility of continued momentum this morning:

Nate’s Food Co. NHMD

NHMD covered the most ground as it traded in a range from .0019-.0035 on Friday, running 84% intraday and closing at the high of day on volume to the tune of well over five times its 3-month average. We’ll certainly have an eye out for further activity as we open things up on this holiday-shortened trading week.

Guided Therapeutics, Inc. GTHP

We latched onto GTHP early last week and would see a nice little two-day run from the stock to finish it out. Our observed low came on Thursday at .0102, which gave way to a subsequent high of .015 on Friday, marking an overnight increase of 47%

Sparta Commercial Services, Inc. SRCO

SRCO was a steady climber on Friday which traversed its way from .0025 to .0031 over the course of the day, which represents a modest yet notable 24% rise. It too qualifies for sustained monitoring as a possible momentum play, having closed at its high mark for the session.

ProGreen Properties, Inc. PGEI 

We want to put PGEI on our radars this morning as well, not only for the momentous session it had on Friday, but also due to the content of the PR released by the company early this morning.

Following up from a release they put out in January, the company announced the completion of a joint venture agreement that puts them on track to develop a 300-acre property of proposed farmland in Baja California, Mexico in time for this year’s growing season. We’ll be interested to follow along for further updates on that project as well as watch the chart for short-term opportunities.

SPDR S&P 500 ETF (SPY) – Options Idea

On Friday the markets enjoyed the biggest single-session rally since 2009. With oil rebounding as well, and the S&P having demonstrated a definitive reversal over the past couple of sessions, we’ll want to start the week off  monitoring some SPY Options. Our target area is going to be the SPY Weekly $188-191 Calls.

Extended Watchlist:

Blue Horseshoe Stocks: Weekly Wrap-Up

Pazoo, Inc. PZOO

PZOO made positive strides this week, as you can see on the chart we’ve included below which has been building up in terms of highlights. When we first began watching this play on 10/20 (low of .0225) we were looking for it to break its 50DMA, which it did. To begin this week, we wanted to see the 200DMA surpassed and that happened as well. A number of bullish indicators, as well as an exciting PR out this morning, has PZOO once again near the top of our watchlist to close out the week.

With MA & Associates having just become one of Nevada’s first State-Licensed Medical Marijuana testing facilities, we were pleasantly surprised to see that the company has already secured its first client. We urge you to check out the PR right away:

Planar Systems, Inc. PLNR

We also wanted to do a quick recap on PLNR, one of our extended watchlist plays from yesterday.

The stock came off of a morning gap up to trade in a range from 6.11-7.05, a modest yet solid 15% intraday move on the heels of an earnings beat.

Extended Watchlist:

Blue Horseshoe Stocks: RSH Update & More

Radio Shack Corp. RSH

RSH has made regular appearances in our reports over the past couple of months, starting in the beginning of August, when we caught the stock off of its 52-week low of .55.

Following a major run-up to the 1.60-range on August 29th, the stock has been under a general consolidation amid bankruptcy rumors. This week, the company was hinting at possible refinancing deal that would allow them to avoid that situation for the time being, and this morning, that deal was confirmed.

As a result, the stock is up significantly today, having traded as high 1.65 in the premarket. We’re going to want to see support hold at previous resistance points at 1.15 and 1.30. Already, at today’s early highs, we’re seeing more than a 100% increase off of the lows we observed following our most recent RSH alert (.80)

Rockwell Medical, Inc. RMTI

RMTI is another morning gapper that we’re going to place on watch today. With the stock coming off of a recent bottom, it’s going to be interesting to see how today’s development affects its price action.

The company put out a hefty PR this morning regarding a commercialization/distribution deal with Baxter Healthcare (BAX):

WIXOM, Mich., Oct. 3, 2014 (GLOBE NEWSWIRE) — Rockwell Medical, Inc. (RMTI), a fully-integrated biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with innovative products and services for the treatment of iron replacement, secondary hyperparathyroidism and hemodialysis, announced today that it has signed an exclusive agreement with Baxter Healthcare Corporation, a subsidiary of Baxter International Inc. (BAX), to commercialize Rockwell’s hemodialysis concentrate product line in the U.S. and in select overseas markets.>> VIEW PR

BioCryst Pharmaceuticals, Inc. BCRX

BCRX appeared on Wednesday in our extended watchlist, and what has followed has been two fruitful sessions in a row. From a low of 9.89 on Wednesday, we witnessed as the stock bulled its way into yesterday’s close, reaching a daily high of 11.49, a solid 16% overnight increase.

Inovio Pharmaceuticals, Inc. INO

Speaking of pharma plays, INO, a stock that has appeared several times in our reports recently, is also making moves concurrently with the present concern over the Ebola virus outbreak. The company actually has a Ebola vaccine with which they’ve reported success in treating animals with the deadly virus. Anything to do with Ebola is getting a lot of attention at present, and INO is no exception.

Side Note:

Jobs numbers were out this morning, to a positive reception. We will subsequently be looking for dip-and-rip opportunities with regard to options trading. Friday is characteristically a day when premiums start to come down as a result of time decay, with expirations looming. We’re looking at potential opportunities trading Calls in plays like SPY, AA, ISRG, & GPRO.

Extended Watchlist: