Tag: RNBI

Bllue Horseshoe Stocks: JCP, RNBI & More

JC Penney Co., Inc. JCP

To kick off the week, we placed JCP on watch via Monday’s Extended Watchlist, so let’s finish things off by taking a look at what happened this week. We saw a consolidation down to 8.18 before the earnings release hit the wires yesterday, after which time the stock began to soar.

Already in pre-market trading today the stock has bounced back to hit a high of 10.15, so we’ll be anxious to see what can happen if the stock can break past this mark which also coincides with a recent swing high in November/December.

The 8-K filed contained both increased quarterly figures as well as guidance for 2014, and things seem to be headed in a positive direction overall, so we’ll continue to monitor JCP over the foreseeable future.

Rainbow International Corp. RNBI

Noticing a sizable increase in volume in RNBI during a routine scan on Wednesday prompted us to put it on yesterday morning’s watchlist, and it turned out to be a beneficial decision. We would see the stock spike from a low of .18 running to .24, giving traders a chance to bank up to 33% intraday.

A stock that was trading by appointment only prior to its big rise in volume this week, gaining this much ground on the chart demands the highest level of caution for those who’ve yet to exit their position.

Added Side Note:

We just want to take a minute to address a cautionary statement by influential hedge fund manager David Tepper yesterday, regarding his overall sentiments toward current market conditions. His warning to traders to avoid going too long at the moment, sent ripples through the investment community, and the overall markets saw a pullback (leading to a spike in the VIX/VXX).

Occurrences such as this can be used to profit no matter which way things go; depending on how the public reaction is going to play out, we will be looking to adjust our strategy by trading options on either the SPY, in the event that things turn back to the bullish side rather quickly, or the VIX, should we see a sustained downturn.

Extended Watchlist:
ZBB, DCIN, KGJI, OVRL, GALE, MSTX, CSTI

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