Blue Horseshoe Stocks: NBEV Recap & More

New Age Beverages Inc. NBEV

Our first order of business this morning is to rehash the performance of NBEV this week, subsequent to our initial alert on the play on Tuesday morning. It was enough of a heads-up to catch the stock at its weekly low of 1.53, which has given way to new highs after a pair of very strong outings.

Yesterday NBEV reached a new high of 2.40, which marks a two-session swing amounting to a respectable 57% We’ll be sure to continue to monitor the situation in the event that the stock parlays its strong start to the short week into an equally convincing finish.

Despite then closing below, the stock has been rebolstered in the premarket, having already traded back as high as yesterday’s peak at 2.40. If this stock can break through the channel of resistance between 2.40-2.58, we could see some more very interesting activity from this play.



Fresh Options Ideas:

We’ve got an earnings related options idea with GIII this morning, and are also taking note of the chart setups on FB and TWTR, which are presently exhibiting double bottom formations as they search for solid support. Each also has a gap to the upside, so we’re going to signal some extended term ideas to track.

GIII 09/21 $45 & 50
FB 10/12 $182.50-190 Calls
TWTR 10/12 $35-37.50 Calls


Extended Watchlist:
ARWR, SPPI, MYSZ, RSLS, SBOT, OBLN, PDS

Blue Horseshoe Stocks: FL Recap & More

Footlocker, Inc. FL – Recap

On Friday, we cited a big profit and sales beat on Foot Locker’s Q1 earnings report, noting that we have had good luck with the company’s earning chain in the past. Our designated targets were the FL 06/15 $52.50-55 Calls. Lightning struck for us once again as FL surged and our ideas took off.

The $52.50 Calls ran hard from a low of 1.30 and subsequently hit a high of 4.50. That works out to a daily rip of 246% Meanwhile, the $55 Calls went on a slightly more intense ride, trading in a range from .65-2.54 for total possible intraday gains of 291%


ArQule, Inc. ARQL
It was just this past Wednesday morning that we were mentioning our late April call on ARQL which allowed us to catch the stock when it was trading as low as 2.40. ARQL had, at the time of last week’s mention, breached into the four-dollar range, but after a fruitful finish to the week, we have to circle back to comment on its impressive new highs.

In its fifth consecutive trading day of posting higher lows and higher highs, the stock reached a new high of 5.29, pushing our one month observed increase on the stock to 120%



Tintri, Inc. TNTR

We also want to place TNTR on bottom watch as we kick off the short trading week, after noticing that the stock has been absolutely crushed in the past week. It had already been on a steady downward trajectory, but as you can see below, the selloff really kicked into high gear just last week.

We’ve also noticed a rapid rise in the short volume, accounting for more than 1.2M of the stocks total volume on Friday. With the stock already having been egregiously oversold, this type of scenario can often lead to a short squeeze, and we will want to be ready to ride TNTR on the way back up, if that occurs.


Extended Watchlist:
ABIO, SBOT, MYSZ, CVPR, LPL, KTOV, OLED, VPLM(News)

Blue Horseshoe Stocks: KODK Options & More

Eastman Kodak Co. KODK

In a surprise development yesterday, Kodak announced that it would be the latest company to hop on the cryptocurrency bandwagon, with the upcoming launching of its own crypto coin, KODAKcoin. It is said to be in development for a photo rights licensing platform the photography pioneer is working on.

While that’s all well and good, what we have seen on the KODK chart amounts to little more than a hype fueled surge, which we believe to be unsustainable over the long term. What we want to do to try to use this situation to our advantage is set ourselves up with some bearish options ideas to follow in the weeks ahead.

We;re going to signal the KODK 02/16 $15 & $12.50 Puts. It gives us plenty of time to see KODK top out and begin to come back to Earth, which would certainly provide chances in those contracts on the way down.


Xunlei Ltd. XNET

The most recent time that we tagged XNET was a month ago tomorrow, on December 11th, and shortly thereafter the stock would log a low of 12.30. From that point it launched into what has been a very solid run over the past few weeks.

The stock cracked the twenty-dollar barrier yesterday, and this morning in the premarket, has reached a new high of 24.90 which marks a double-bag move of 102% in just four short weeks!

XNET had a huge similar run from October to November as well, where it topped out at an even $27/share. We’ll continue to monitor the stock in coming sessions, and look for it to retest those previous highs.


Extended Watchlist:
HMNY, COGT, SSC, NQ, SBOT, SHLD, TNDM, XSPA