Tag: SGBY

Blue Horseshoe Stocks: BCEI Review & More

Bonanza Creek Energy, Inc. BCEI

On an otherwise relatively quiet day, we observed a nice move in BCEI, a stock we’ve been tracking routinely for quite some time. The most recent occasion upon which we mentioned the stock was a few weeks back on August 18th, and we subsequently observed a low of .81.

Yesterday’s  move from 1.19 up to a new high of 1.41 was not only an intraday push of 18% but it also represented a total upswing of 74% over our observed low. It has been a fairly steady incline over the past ten sessions or so, and we’ll continue to monitor it higher highs and higher lows.

Other Updates

Signal Bay, Inc. SGBY – We alerted our readers to our interest in SGBY on Tuesday, and the entire week has been a a continual uptrend as it has recorded higher highs and higher lows every single day.

From Tuesday low of .0103 to yesterday’s new high at .0219, we’d seen a total three-session increase of 113% and it will remain on our radar going forward.
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Enteromedics, Inc. ETRM – We’ve got a history with ETRM that literally stretches back for years, and yesterday thought to re-signal the stock as it was showing a hint of life coming off of the new 52-week low it established just this week.

We mentioned that we’re going to keep an eye on it for a recovery over an extended period, but it fared pretty well in the short-term also, with a nice 21% move from .1383-.167. We’ll continue to track it for higher highs and higher lows in sessions to come.

InvestView, Inc. INVU

We spotted a possible subpenny bottom-play in INVU. It registered a new 52-week low of .0025 last week, traded in a daily range from .0031 up to .0041 yesterday, with accumulation/distribution picking up considerably in recent sessions.  We’re going to keep watch over this one for signs of a recovery off of these lows.

Extended Watchlist:
PVHO, CATQ, GCHK, STX, EARS, CLCD, TVIX

Blue Horseshoe Stocks: Tuesday’s Winning Calls & More

Bottom Watchlist Updates

We rooted out three fresh bottom-bounce plays in yesterday’s premarket report, and got the continuing rebound action we were looking for in all three cases. The performance was enough to keep their spots on our radar for the time being.

Dynavax Technologies Corp. DVAX – To go along with the stock’s rebound (13.13-14.42, +10%), we formulated an options trading idea for the DVAX chain and those plays worked out very well. The DVAX 09/16 $12 and $13 Calls were our target contracts and both offered up the chance at some rapid intraday gains.

The $12’s made their way from a low of 1.40 up to 2.68 for a 91% push, and the $13’s far exceeded that with a move from .70 to 3.61. That was good for a multi-bag rip on the order of 416%
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ITT Educational Services, Inc. ESI – This one made a good, solid move to reinforce our idea that the stock was due for a nice rally. ESI traded in a range from .30-.48 on the day, representing a shot at single-session gains of up to 60%
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Eldorado Gold Corp. EGO– This one didn’t make a monstrous move, trading up from a low 3.48-3.71 (+7%), but it did maintain the majority of its advance. Our interest remains as long as the pattern of higher highs and higher lows is sustained.

Navidea Biopharmaceuticals, Inc. NAVB

The bottom-watchlist plays weren’t the only calls from yesterday’s report to go our way. The first in a pair of nice gainers off of our extended watchlist was NAVB. The stock traded up from an early low of .50, and made a 68% move en route to the high at .84.

The stock closed strong, just a few cents below the high at .8047 so we will want to continue monitoring it for signs of continued momentum.

Signal Bay Inc. SGBY

SGBY was the other runner from the watchlist, which included an intraday run from a penny up to .0159, a 59% pop. With a strong close at .0149, this play will remain on our list of interests as well.

Extended Watchlist:
EVOK, CLCD, AGIO, CRIS, APA

Blue Horseshoe Stocks: Bottom-Bounce Watchlist & More

Bottom-Bounce Watchlist

We’ve got a trio of potential bottom-plays hitting our scanner this morning, and as our regular readers are surely aware, we’re quite fond of bargain-basement prices. Our history is chock-full of solid recovery based gains.

Eldorado Gold Corp. EGO – This gold play showed up on our radar this morning after Friday saw the stock record a hint of a rise off of its lowest PPS since early April. As you can see on the included snapshot below, the chart is boasting an RSI that appears ready to come off of being oversold, with clear convergence on the MACD hinting at an impending bullish cross. We’ll place this one on watch for upcoming sessions as we kick off this short trading week.


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ITT Educational Services, Inc. ESI – This stock showed signs of life on Friday, coming up off of the new 52-week low it registered on Thursday. In addition to being egregiously oversold at this point, there is a monstrous gap on the chart from the low-.70’s on up to the 1.40 range. We’ll be looking for an eventual fill which would of course spell gains approaching 100%

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Dynavax Technologies Corp. DVAX – In a moderate morning gap-up, DVAX has already begun to regain some of the ground it lost on Friday following the FDA’s decision to delay its decision on the company’s hepatitis vaccine. No surprise, as the 30% selloff seemed a bit of an overreaction.

We’ll look for the rebound in progress to continue, and will remain interested provided it maintains support above this morning’s premarket low of 12.27. Bonus Options Idea: If the recovery unfolds as we suspect it might, we’ll be anxious to tracj the activity in the DVAX 09/16 $12 and $13 Calls.

Auscrete Corp. ASCK

We also want to provide a brief update on ASCK, a subpenny play which we placed on watch in Wednesday’s premarket report. After coming down to find support at .0023 the stock ultimately reached a new high of .0065 on Friday.

It marked an intraweek swing of 183% and qualified for a continued spot on our working watchlist.

Extended Watchlist:
NAVB, KGJI, SGBY, NAV, SPU