Blue Horseshoe Stocks: RXMD Update & More

Progressive Care, Inc. RXMD

We’re coming back to RXMD once again to review this unstoppable momentum play that has appeared in five of our last six reports. After our initial mention of this play on February 22nd, we witnessed a low of .0663 and it hasn’t looked back since.

Continuing its impressive trajectory into blue skies, with every uptick the stock attains a new five year high. Yesterday it reached .265, which represents an observed increase of 301% in a matter of roughly three weeks! As measured from Monday of last week at its low of .1171, it managed a one week swing of 126%

DPW Holdings. Inc. DPW

We want to tag DPW this morning as a potential bottom bouncer, after noticing an interesting chart setup.

As we’ve pointed out on the following snapshot, the stock has come down to what we feel is a pretty solid area of support, and looks like it may try to make a run at its 50DMA. It also saw a pretty good surge in volume yesterday, so we’ll place it on watch today.


Fresh Options Idea:

DSW, Inc. DSW Weekly $17.50 & $20 Calls

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Blue Horseshoe Stocks: Huge Recent Success

Progressive Care, Inc. RXMD

Even though much of our focus over the past couple of years has turned to short term options trading, penny stocks have always been our bread and butter, and RXMD is an example of one that we’ve found incredible success with of late.

After appearing in our morning reports every single day this week as it streaked into blue skies, RXMD once again registered a new 5-year high of .213 yesterday. From Monday’s low of .1171 it marked an intraweek upswing of 82%

As we’ve mentioned several times now, we had the chance to get into RXMD as low as .0663 following our initial alert on February 22nd, and from that point, yesterday’s high represented an increase of 221% over a period of eleven trading days.


Rennova Health, Inc. RNVA

Also in the penny stock arena, we did well with RNVA this week, including it in Tuesday’s premarket report. From a subpenny low of .006, the stock made a 200% move to yesterday’s high of .018, and it’s gone even higher in the premarket this morning.

Zosano Pharma Corp. ZSAN

After tagging ZSAN as a bottom-bounce play on Friday, at which time is was trading for as little as 6.8175, we’ve witnessed an explosion this week. This play has also appeared in three out of our last five reports as it has absolutely taken off.

Yesterday morning, we pointed out that despite already making significant gains, if it broke an area of key resistance we highlighted on the chart, that things could get interesting and they certainly did.

ZSAN exploded from a low of 12.57 and ran as high as 25.70, an intraday move of 104% an a mind-bending 275% over a period of just a few days. That’s fantastic for a stock that started out above six dollars!

Fresh Options Idea: SPY Weekly $274.50-277 Calls*

*Do NOT trade weekly calls on a Friday unless you are an expert level trader!

Extended Watchlist:

Blue Horseshoe Stocks: RXMD Keeps Rocking & More

Progressive Care, Inc. RXMD

We’ve talked about RXMD every day this week, because the stock has continued to streak to new highs each day. As we’ve mentioned, our February 22nd alert on RXMD enabled our readers to gain entry for as little as .0663.

Yesterday, our tenth session tracking this play, the stock soared to a new five year high of .197, registering as a total increase from our observed low amounting to 197%


Zosano Pharma Corp. ZSAN

We put ZSAN back on our radars as a bottom-bounce play on Friday, and witnessed a subsequent low of 6.8175. From that point, the stock has made a very nice move in just a short time.

Yesterday, following yet another tag in our premarket report, ZSAN ran from 9.58 to 15.74. That worked out to an intraday rise of 64% and a total increase of 131% in a matter of just four trading days.

As you can see on the included chart snapshot, if the stock can pass through the highlighted resistance area and breach the 200DMA, things could get very interesting.

Dollar Tree, Inc. DLTR

We formulated a bearish options idea for Dollar Tree yesterday morning, and it worked out in our favor as the stock gapped down hard, followed by more backsliding during the session. Our targets were the DLTR Weekly $95-92 Puts and the two sets of contracts in the lower end of that range yielded notable intraday gain opportunities.

$93 Puts – Range: 4.00-6.10 – Max Gain: 53%
$92 Calls – Range:  2.50-4.54 – Max Gain: 82%


Fresh Options Idea:
We also want to look at Burlington Stores, Inc. BURL on the heels of its earning release and signal a few contracts for observation- the BURL 03/16 $120 & $125 Calls.

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Blue Horseshoe Stocks: SPY Calls Hit & More

RJD Green, Inc. RJDG

We included RJDG in yesterday morning’s premarket watchlist after noticing an attractive chart pattern building, and for our first day of observation, the stock got off to a really solid start. From a low of .0222, it ran to .0299 on the day, representing a single-session swing of 35%

As you can see on the included chart snapshot below, current indicators suggest RJDG could be primed for even more bullish activity, so we’ll continue to track as we cruise through midweek.


Progressive Care, Inc. RXMD

We also want to mention RXMD for the third consecutive day this week. As we said yesterday,our February 22nd alert on the stock allowed us the chance to get in for as little as .0663.

During yesterday’s session itself, the stock once again broke out to new annual highs, hitting .1729, which marks a 161% upswing over a span of just nine trading days.

SPDR S&P 500 ETF (SPY) – Recap

Also in yesterday’s premarket report we included options ideas for the SPY, which looked set for another bullish session. We targeted the SPY 03/07 $272-273.50 Calls and got really good double-bag intraday results from all of those contracts.

$272 Calls – Range: .82-1.75 – Max Gain: 113%
$272.50 Calls – Range:  .62-1.38 – Max Gain: 123%
$273 Calls – Range: .45-1.08 – Max Gain: 140%
$273.50 Calls – Range: .31-.82 – Max Gain: 165%


Fresh Options Idea:
DLTR Weekly $95-92 Puts

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Blue Horseshoe Stocks: RXMD Recap & More

Progressive Care, Inc. RXMD

It was just yesterday morning that we were patting ourselves on the back for our February 22nd alert on RXMD, which gave us and our readers a chance at getting into this one as low as .0663.

The stock continued on to see an increase of just under 100% as of yesterday’s premarket report, and then trading activity during the session allowed the stock to cross that double-bagger threshold.

To open up the week,RXMD traded from .1171 up to a new high of .165, marking an intraday rip of 41% and an overall increase of 149% over our initially observed low.

Options Ideas

We also have a trio of stocks that have recently reversed off of their relative bottoms, and could be in line for a more sustained recovery. We’re going to want to track a few ideas for extended term options plays in Walmart, GM, and Disney.

WMT 04/06 $95-97 Calls
GM 04/06 $39-40.50 Calls
DIS 04/06 $105-107 Calls

We’ll also track a few SPY calls, the 03/07 $272-273.50 Calls, as the markets have been ripping, and may very well continue to do so.

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