Tag: SDLP

Blue Horseshoe Stocks: IDXG Keeps Rolling & More

Interpace Diagnostics Group, Inc. IDXG

Yesterday morning, we were mentioning our call of IDXG from last Thursday, and subsequent run from a low of .72 to more than a dollar. It had reached a new high at 1.28 in the premarket and we said we wanted to see it register higher highs and higher lows en route to a more sustained rebound.

So far we’ve gotten just what we were looking for from IDXG, with the stock posting an intraday run of 24% from 1.17-1.54 for yesterday’s session. It pushed the overall move we’ve observed in under a week’s worth of trading into double-bag territory, having risen 114% thus far.

It was helped along by yesterday’s announcement that a large healthcare provider would be covering the company’s thyroid cancer screening tests, which is now covered for up to 250 million Americans. We’ll continue to keep a spot on our radars for IDXG, which was trading over the $2-mark as recently as May.

Alibaba Group Holding Ltd – Options Idea

Shares of BABA are streaking to new highs this morning as the company posted a solid beat on profits and revenue in its premarket earnings report.

The last time we visited an idea in the BABA chain was back on June 8th, when we signaled $140-145 Calls and saw them register single-session gains ranging from 1167-3160% so we are definitely familiar with what can happen in an ideal situation.

Today, given the fact of another similar scenario where earnings lead to a large gap up into blue skies, we’re going to be tracking contracts in the range of the BABA Weekly $162.50-170 Calls.

Extended Watchlist:
BTSC, BTCS, GAHC, IDDR, SDLP, GST, SSI

Blue Horseshoe Stocks: Options, Bottom-Plays & More

Twitter, Inc. TWTR – Options Idea

We have yet to talk about TWTR in 2017, namely because the stock has been in an overall downtrend over nearly that whole span. However, in recent weeks, it found a bottom and slowly has begun stair-stepping its way to a recovery. That process is getting a kick in the pants this morning with a significant morning gap up on the heels of Twitter’s earnings. The company posted losses, though not as big as expected, while also reporting an increase in users.

We’re going to see about possibly using the commotion to our advantage with a range of options ideas. Provided TWTR can maintain support at or above its 50DMA (15.19) on any pullbacks, we’re going to be interested in tracking the activity in the TWTR Weekly $15-16 Calls, on which we’ll be looking for a classic dip-and-rip pattern. If properly timed, it could spell some big gains in those contracts.

Apricus Biosciences, Inc. APRI

We want to put APRI on our radars today as a potential bottom-bouncer. At the beginning of the year, from a level comparable to current prices, the stock ran into the mid-$3 range. Now, after a long period of getting beat back nearly to its annual low, it is showing signs of a rebound that we’d like to monitor on the chance that it turns into a full-scale reversal.

You can see just what we mean on the snapshot below. The RSI is indicating that APRI is about to enter extreme oversold territory, while the MACD is just beginning to curl upward and show some convergence. We wouldn’t be surprised to a see cross in the days ahead.

Even just a run back to the 200DMA from here would be a move of almost 100% so we’ll definitely want to keep an eye peeled.

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NoHo, Inc. DRNK

We’ve been saying how hot the super-subpenny market has been recently, and the trend has been persisting now for quite some time.  We initially slated DRNK for observation in Monday’s premarket report, after which we saw a soild 70% pop from a low of .0003. We stated as much in yesterday’s report, mentioning that we’d certainly want to continue to pay attention, based on a number of factors.

The stock did manage to record a new high for us for the second straight day, making an intraday move of 50% from .0004-.0006, and extending our two-session observed range to a nice, round 100%

Extended Watchlist:
AAGC, KALY, AKBA, CETV, SDLP, UQM