Tag: SDVI

Blue Horseshoe Stocks: MYOS Recap, Gold Plays & More

  MYOS RENS Technology, Inc. MYOS

Easily the most solid performer that was discussed in yesterday morning’s premarket report, MYOS stole the show with everything we look for in a daily runner- an early burst that gives traders a chance at some nice intraday gains, high volume, and maintaining a good portion of the gains it makes into the close.

MYOS checked all three of those boxes yesterday, running early from its daily low of 3.61 up to a high of 5.48, which worked out to a nice 52% pop. MYOS closed at 4.72, maintaining over half of its daily advance, and did so on well over eight times the monthly average trading volume.

An all around performance like that certainly earns MYOS a continued slot on our radar screens in sessions ahead.

VanEck Vectors Gold Miners ETF (GDX)

With gold being so solid in the month of February, and indeed for most of 2017 so far, we want to rehash the idea we put forth on some GDX options and update our readers on their performance.

We initially signaled the GDX 02/10 $24-25.50 Calls in our report from January 23rd. Now set to expire on Friday, we wanted to circle back and remind our members of the kind of gains that could have been secured with this idea.

Here’s what they’ve done so far, and with gold continuing its climb, we can’t rule out seeing these upward trading range extended even further between now and the end of the week:

$24 Calls – Range: .32-1.46 – Max Gain: 356%
$24.50 Calls – Range: .19-1.05 – Max Gain: 453%
$25 Calls – Range: .11-.67 – Max Gain: 509%
$25.50 Calls – Range: .06-.39 – Max Gain: 550%

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Direxion Daily Gold Miners Bull 3X ETF (NUGT) – Another gold analog we’ve got a history with is NUGT, so we’re also going to highlight some contracts that have some potential here as well. Being a triple-leveraged fund, the activity in NUGT resembles that of GDX, but the magnitude of the percentage gains it has made on its chart over the same period are notably higher.

Should the massive gold rally maintain its trend, we could be looking at some serious moves in the NUGT Weekly $13-14 Calls, so that’s where we’ll set our sights with this one.

Extended Watchlist:
BTSC, NWPN, SOUM, SDVI, FNHI, CTSH

Blue Horseshoe Stocks: Fresh Bottom-Bouncers & More

Potential Bottom-Bouncers

We’re noticing a couple different possible bottom-plays that we want to start the week off by highlighting this morning:

Rite-Aid Corp. RAD – This stock has been repeat target for us at various times in the past, and we want to circle back around to it today as we’re noticing the recent activity. The stock plunged to new lows on Friday, yet regained almost all of that ground before closing nearly flat.

From the current place on the chart, and given the present indicators suggesting that a rebound could soon be forthcoming, we’re going to want to radar RAD on both the stock side of things, as well as signaling an idea in the options chain. In that case, we’re going to be interested in the RAD 02/25 $6-7 Calls, which gives us plenty of time for the stock to realize the recovery that we’re after.

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Cymabay Therapeutics, Inc. CBAY –  CBAY is another play we’ve caught this morning as began showing signs of life after having hit its lowest PPS levels in over two months on Friday, as well as gapping up moderately in the premarket today (High: 2.15)

We’ll be looking for the stock to maintain support in the channel between the 50DMA (1.89) and 200DMA’s (1.96) on any pullbacks as things get going today. As you can see on the chart snapshot below, various indicators leading into today’s session appear favorable for CBAY.

Chatroom Call

One of the regular participants in our daily traders chats via Skype hit it big with an excellent call that was shared with the room last week. He swooped in with a sell suggestion on Friday that was perfectly timed.

Our members had a chance to jump into Nouveau Life Pharmaceuticals, Inc. NOUV at .0008 on Thursday, and the stock hit .0089 on Friday just after the following message was communicated, marking a two-day swing of 1102% The stock subsequently tanked, outlining the accuracy of DJ’s call.

As we always remind our readers, anyone is welcome to participate in our daily traders chats. Simply send a Skype contact request to username: ‘stocksumo’ and we’ll fill you in on how to join in!

Players Network, Inc. PNTV

We initially began tracking PNTV this fall, mentioning it on Oct. 20th and Nov. 8th, subsequent to which time we would witness the stock trading at a low of .0089.

We added a reminder in our report on Thursday as it had begun to ramp up heavily, and on Friday it went on to hit a new 52-week high of .048. It extends the overall gain we’ve observed in this play over the past couple of months to an impressive 439%

Extended Watchlist:
TQLA, SDVI, IFAN, PXYN(Bottom-Bouncer)

Blue Horseshoe Stocks: LEXG Run Continues & More

Lithium Exploration Group, Inc. LEXG

LEXG came out a winner once again yesterday, even as we were mentioning how many quality opportunities the stock has brought us in the past, in our morning report.

On big time volume in the neighborhood of 7.5X the monthly average. LEXG broke out to new highs, trading in an impressive daily range from .0044 to .0112, for a 155% rip.

That’s small potatoes, however, compared to the overall move we’ve witnessed since our alert during the week between Christmas and the New Year. At that time the stock saw a low of .0013, which means we’ve seen a monstrous run of 862% out of LEXG in just over three weeks’ time!

Opko Health, Inc. OPK

We’re looking at OPK as a potential bottom-play today from a technical perspective, after noticing several attractive features on the chart.

As you can see from the included snapshot, the chart is currently boasting an enormous gap to the upside, with a recent track record of making volatile swings and gap-fills. Not to mention an oversold indication from the RSI and a rapidly ripening MACD.

Additionally, we’ve got a Form-4 alert for OPK; the CEO picked up a sizable tranche of shares near yesterday’s lows (>>View Filing)

We’re going to want to keep this one on our radar for a possible rebound in the days and weeks ahead.

Extended Watchlist
HWAL, SDVI,  SOUM, SING, RMHB, IDXG