Blue Horseshoe Stocks: Fresh Options Three-Pack!

Galectin Therapeutics, Inc. GALT

About a week ago, we signaled GALT for observation, a stock we’ve had quite a bit of experience tracking in the past. It had been in a bearish downslide for the better part of two months, and had just begun to rebound.

We wanted to come back around for an update on the move GALT has made since that time. After seeing a low of 4.06, the stock has traversed its way back to a high of 6.53. That marks a respectable upswing of 61% and puts us on alert for the possibility of more moves.


SPDRA S&P 500 ETF (SPY) – Options Idea

Our fresh options idea for yesterday morning was the SPY Weekly $290-291.50 Calls to watch into the end of the week. With a solid midday performance for the SPY, some significant intraday gains were made in our designated targets.

$290 Calls – Range: .98-1.54 – Max Gain: 57%
$290.50 Calls – Range: .67-1.13 – Max Gain: 69%
$291  Calls – Range: .43-.79 – Max Gain: 84%
$291.50 Calls – Range: .25-.50 – Max Gain: 100%

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 Fresh Ideas:
LULU Weekly $149-152.50 Calls
BIG 09/21 $42.50-45 Calls
DLTR 09/21 $82.50-85 Calls


Extended Watchlist:
SAEX, OHGI, CMCM, BIOAF, MTSL, SSC

Blue Horseshoe Stocks: ANW Bottom Bouncer & More

Aegean Marine Petroleum Network, Inc. ANW

We hope everyone had a pleasant midweek holiday break; we expect a relatively subdued closeout to this short week, but one stock that is hitting our scanners as a high potential bottom play this morning is ANW.

As you can see from the included chart, the stock has been oversold for quite some time now, reaching unsustainable low levels, while a massive gap exists to the upside.

The stock has begun to fill that gap this morning, and we’re interested to see where the spike in activity is going to take ANW.


Extended Watchlist:
LBIX, TKC, AU, HMNY, SAEX, VEON, MXC, VLRX

Blue Horseshoe Stocks: Key Updates & More

NovaVax, Inc. NVAX

NVAX continued its multi-day recovery with a fourth straight session of intraday gains leading to a new high for us yesterday. We’ve talked about it almost every day this week, initially bringing it up in Monday morning’s report; at the time the stock was trading as low as 1.36.

It has made some nice, steady progress, and yesterday the stock made its way to  high of 2.25, marking an intraweek upswing of 65% on extremely heavy volume throughout.

We’ve also taken notice of series of Form-4 buys that were reported after hours yesterday, the largest of which was a 100,000 share block at an exercise price of 1.72. We’ll look for the stock, to maintain support at or above that level on any pullbacks moving forward in order to stay interested in tracking it.


APT Systems, Inc. APTY

This is another play we’ve been tracking since last Friday, and it too has managed an excellent uptrend this week, after we initially observed a low of .0036 subsequent to indicating our interest. Yesterday the stock traded in a range from .0065-.0125 for a 93% intraday push, and that new high marked a one week swing of 247%

We’re definitely going to stay on its trail heading into next week, provided it can hold support in the channel between .0072 and .01 on any upcoming pullbacks.


ACRE Reality Investments, Inc. AIII

Part of our bottom-watchlist that we submitted for Tuesday morning’s premarket report, AIII has made solid steps to the upside throughout the rest of the week, confirming the fact that we timed the bottom with absolute precision.

From Tuesday low of 1.0194, the stock has sustained a good recovery, and made its way back to a high of 1.32 yesterday (+29%). This is another one we’ll continue to follow into next week, as there still appears to be room for it to run.

As we’ve pointed out on the annotated chart below, the RSI is gaining strength having just breached the 50-line, the MACD is on the verge of a bullish cross, and the PPS is approaching key resistance at the 50 and 200DMA’s of 1.33 and 1.35 respectively. We’ll continue to monitor the situation as we close out another trading week.


Extended Watchlist:
SAEX, BLRX, ENDP, MAXD, MJNA, NPWZ