Blue Horseshoe Stocks: CGI Recap & More

Celadon Group Inc. CGI

Our first order of business this morning is to swing back around for a stock that we signaled our interest in back in May, which has subsequently gone on to put together a fantastic run up the chart.

When we tagged CGI on May 9th, the stock had recently fallen off of a cliff, and was attempting to recover off of its newly established lows. We observed a low PPS of 1.90 just a couple of sessions later, and that preceded one heck of a recovery. Yesterday, CGI streaked to new highs, coming up as the #4 top gainer on the NASDAQ, and reaching 5.15. That works out to a total increase of 171%

Having now recovered all of the ground it lost in early May, the chart still appears strong, and the next key resistance point we’ll look to see CGI make a run at is the current 200DMA of 5.95.


Options Ideas
We mentioned in the previous report that there would be a growing number of possible options trading opportunities as we neared the end of the week. This morning we’re looking at Facebook, Inc. FB, which reported yesterday post-market, and Anheuser-Busch InBev SA/NV (BUD), reporting this morning.

Each of them had beats, and are gapping up in the premarket. We’ll be monitoring the FB Weekly $172.50-180 Calls and the
BUD Weekly $120 & 125 Calls.


InfoSonics Corp. IFON

We also want to quickly recap the solid performance of IFON, which we tagged yesterday morning as a possible bottom bounce play, after seeing it test it 50 and 200DMA’s the previous day. The stock responded with another nice move from¬† .562 to .84, an intraday push of 49% on big time volume.

We’ll look for the establishment of higher lows and higher highs and for the stock to maintain its multi-day runner status, and for a break of resistance in the channel between yesterday’s swing high and a swing high back in April at 1.04.


Extended Watchlist:
OTTV, ABHI, SHOR, IDXG, CAPR, TOO, AXTI, TROV