Tag: SCYX

Blue Horseshoe Stocks: Bottom Watchlist & More

AVEO Pharma Inc. AVEO
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Last Monday the 25thwas the day that we began tracking AVEO as a potential bottom bounce play, and in that short span, we have seen some nice progress to that end.

The stock began to move the morning of our initial alert, and yesterday received a big boost, finishing as the #1 gainer on the NASDAQ for the day. Thus far we have seen AVEO run from a low of .55 on March 25th, to yesterday’s new high of 1.85. That works out to a seven-session upswing of 236%

RIOT Blockchain, Inc. RIOT

We also tagged RIOT for observation back on February 20th, and subsequently witnessed a low of 2.85. The run it has gone on with the help of Bitcoin’s resurgence to the $5K neighborhood, was solid. RIOT itself saw a push to a high of 5.15 this week, marking a positive change of 81% since our last mention.

Bottom Watchlist

We also want to highlight both comScore, Inc. SCOR, and Mr. Cooper Group Inc. COOP as potential bottom plays. Both stocks are giving off extreme oversold signals, while trading near their annual lows. We’ll want to keep these on watch for possible recoveries.
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Options Idea: PLAY Weekly $53-54.50 Calls

Extended Watchlist:
ICON, ACHN, MGI, NDRA, ASX, CHFS, TTPH, JMU, SCYX,

Blue Horseshoe Stocks: Retail Focus

Retail Focus

Macy’s, Inc. M – With the holiday season fast approaching, we’ll be on the lookout for retail plays with good upside potential, and Macy’s could be a good fit in that regard.

You can take a look at the chart below and see that the stock has just begun to show signs of a rebound after getting absolutely hammered earlier this month. Indicators suggest that the stock is rather oversold.

We’re going to radar a set of longer-term contracts, the M 11/17 $23 Calls, which should see a nice move if the stock can indeed regain the ground it’s lost over the past few weeks. There’s also a gap on the chart to the $28 area, the filling of which would propel those contracts to huge gains.


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JC Penney Co. Inc. JCP – Another retailer we’ve talked about many times in the past, particularly leading up to and during the holidays, is JCP.

Similar to the above mentioned play, the stock took a punishing hit to its PPS over the past few weeks, and has shown the beginnings of a rebound. It has an even larger gap on the chart, and a chance to fill it even quicker.

The stock itself could end up being a good recovery play, but we’ll also want to put a couple sets of options contracts on watch as well, with the JCP 11/17 $4 and 4.50 Calls.


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More Retail Ideas – Also in the retail sector, and each with premarket earnings beats, are American Eagle Outfitters, Inc. AEO and Express, Inc. EXPR. We’re going to radar the AEO Weekly $12 & 12.50 Calls, and the EXPR 09/15 $6 & $7 Calls.

Zion Oil & Gas, Inc. ZN

We also wanted to quickly update readers on the performance of ZN, after it was a topic of discussion in yesterday’s premarket report. While the stock didn’t break out by any means, it did trade from a low of 2.95 to a high of 3.42 for a modest 16% intraday move.

It did, however, manage to close just two cents below its high of day, so we’ll have it on continued watch this midweek, looking for the recording of higher highs and higher lows.

Extended Watchlist:
BLKG, RMRK, IMUC, NVAX, SCYX, DXTR,

Blue Horseshoe Stocks: FPVD Breaks Out & More

Force Protection Video Equipment Corp. FPVD

We were just mentioning how we wanted to stay on FPVD’s trail yesterday morning, after the stock had shown us a nice 64% move on Tuesday.

We identified .036 as a key point of resistance that we wanted to see broken, and not only did that happen, but the stock smashed through and kept on running to an impressive new high.

It traded in a range from .022 on up to a nickel, for an intraday gain of 127% which occurred on roughly 7 times the three-month average volume. From our observed low on Tuesday, it represented a session-over-session swing of 198%

The previous resistance we mentioned at .036 will now be the level FPVD will need to hold support at or above in order to maintain our attention going forward.

Wal-Mart Stores, Inc. WMT – Options Idea

We’ve had some excellent fortune recently with earnings-related options plays in the retail sector, and the opportunity to take advantage of yet another one may be ready to present itself today in the form of WMT.

Increased revenue for the quarter has led the retail giant to increase guidance for the remainder of the year, and the news is causing a notable gap-up here in the premarket. As the activity unfolds, we’ll be looking to possibly take advantage of WMT Weekly $73.50-76 Calls.

Extended Watchlist:
BBGP, BCEI, BONT, BLDP, THLD, SCYX, VRX