Blue Horseshoe Stocks: MBRX Update & More

Lumber Liquidators Holdings Inc. LL
LL is gapping up heavily in the premarket this morning, and we want to look to take advantage of the increased volatility.

With the stock trading up into the $30-range, we’re going to be looking for a possible dip and rip setup as the session kicks off. We’ll look for LL to come down off these premarket highs before ramping back up, and our targets are going to be the LL Weekly $27.50-29.50 Calls.


Moleculin Biotech, Inc. MBRX

A lot of our regular readers will remember the excellent run we witnessed in MBRX not too long ago, after signaling interest in the stock back on the morning of June 21st. It went on to run from .96 all the way up to 3.75, which was followed by a precipitous decline back to the 1.30′s.

We re-alerted on MBRX on July 18th as it began to cycle up for another run, and the upswing it has put together over the past couple of weeks has been nearly as impressive as the first major run. The stock has run from 1.83 back up to the 3.00-mark yesterday, so we’re really going to want to be on the lookout for it to test that previous swing high if it can continue on its bullish pattern.


Extended Watchlist:
S, HUSA, CBMX, SKLN, IDXG, GOGL

Blue Horseshoe Stocks: SPEX, Options Recaps & More

Spherix Corp. SPEX

After initially signaling our interest in SPEX on June 20th, we’ve seen quite a run out of the stock as its gone from a low of .9505, and streaked to new highs this week.

SPEX gained some good ground on Wednesday, and yesterday morning we urged readers to look out for a momentum continuation- that’s precisely what came to pass. From daily low of 2.83 the stock streaked to 4.75. That went down as an intraday push of 68% and a total increase since we’ve been tracking this play amounting to a whopping 400% in barely a week’s time.

Volume remained strong, with SPEX trading more than 40X the monthly average volume on the day. We’ll want to see it continue to build higher base levels of support and hopefully continue to push the upper envelope.


CHF Solutions, Inc. CHFS

Also tagged in yesterday’s premarket report was CHFS, and it too made a pretty good move on the day. Volume was just dribbling in over the course of the morning, but shortly after lunch hour, the stock sprung into action.

From a low of .70 it reached as high as 1.08, which represents a 54% intraday pop. Our observed increase has been extended this morning as well, with premarket trading carrying CHFS even higher. Given the fact that this move was catalyzed by an FDA approval notice, we wouldn’t be surprised at all to see this blossom into a multi-day runner.


Chicago Bridge & Iron Co. CBI – Options Update

On Wednesday morning, we highlight a range of contracts in the CBI chain that we were interested in tracking, the CBI Weekly $20-22 Calls. As happens more often than not when we set our sights on an options play, every single contract has been good for sizable gains since our alert.

$20 Calls – Range: .75-1.90 – Max Gain: 153%
$20.50 Calls – Range: .38-1.30 – Max Gain: 242%
$21 Calls – Range: .25-1.22 – Max Gain: 388%
$21.50 Calls – Range: .20-.80 – Max Gain: 300%
$22 Calls – Range: .11-.55 – Max Gain: 400%

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Fresh Options Idea: Nike, inc. NKE 07/07 $55.50-57 Calls


Extended Watchlist:
PIXY, SKLN, DPW, FSC HAIN, ITKG. OMER

Blue Horseshoe Stocks: EKSO Recap & More

Yesterday’s Notable Gainers:

Ekso Bionics Holdings, Inc. EKSO - On a choppy day for the markets as a whole, we managed to root out a decent intraday mover in EKSO. This stock traded in a daily range from a low of 1.40 and ran as high as 1.92. That works out to 37% pop, and it occurred on roughly 12.5X the 30-day average volume.

With a strong close at 1.81, we’ll be interested in continuing to track EKSO as we head into week’s end, keeping an eye out for the registering of higher highs and higher lows.
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LiNiu Technology Group, Inc. LINU -  Also contained in yesterday’s premarket report was a reference to LINU, and it too made a moderate move on the day.

From its low of .42 LINU managed to get up as high as .5569, which marked a 33% upswing and that came on just a hair under five times the monthly average volume, so we’ll continue to keep tabs on this play as well.


Interpace Diagnostics Group, Inc. IDXG

As you can see on the chart below, IDXG has taken a bit of a beating of late, and we noticed it gapping up significantly in the premarket this morning, so we want to signal it for observation.

The early activity could be due in part to a bullish IDXG blurb published on Seeking Alpha this morning, but as we mentioned above, this in an interesting play purely from a technical perspective as well. We’re always looking for bottom bouncers to track and IDXG currently fits that bill. .

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HTG Molecular Diagnostics, Inc. HTGM

Speaking of bottom bouncers showing life in the premarket, we also want to point out similar activity in HTGM. Like the above-mentioned play, the stock has recently experienced an extended selloff period, and could be ready to mount a comeback, so we’ll be on the lookout for that. .


Extended Watchlist:
AVXS, CTIC, SKLN, ROX, XXII

Blue Horseshoe Stocks: ANF Options Recap & More

Abercrombie & Fitch Co. ANF – Options Update

Our main point of focus in yesterday’s premarket report was a bearish stance on ANF to correspond the company’s earnings miss. We wanted to use the impending selloff to our advantage, and for that we selected the ANF Weekly $22-19.50 Puts.

The activity unfolded just as we expected it would, and as a result our observed contracts provided us with nice intraday gain opportunities.

$22 Puts – Range: 2.55-4.09 – Max Gain: 60%
$21.50 Puts – Range: 1.70-4.15 – Max Gain: 144%
$21 Puts – Range: .64-3.14 – Max Gain: 391%
$20.50 Puts – Range: .48-2.60 – Max Gain: 442%
$20 Calls – Range: .36-2.15 – Max Gain: 497%
$19.50 Calls – Range: .27-1.65 – Max Gain: 511%

While the contracts don’t expire until Friday, this is likely to be a one-day idea that we’ll now be moving on from, as the chances of seeing ANF take another dramatic backslide seem rather slim at this point.


Updates on Last Friday’s Solid Picks

We want to circle back today to recap a couple of plays we added to our watchlist on Friday morning. Both have left their lows behind, with each of them going on to register new highs yesterday.

Firefish, Inc. FRFS – saw its low on Friday at .0031 and yesterday found its way up .0064, marking a 106% swing in a four session span.

Force Protection Video Equipment, Inc. FPVD
– This play found its bottom on Monday at .016 before leading into yesterday’s high of .027. That goes down in the books as a three-day, 68% shift to the upside.


Fresh Options Idea:

VEEV posted a 34% year-over-year increase on revenue in this morning’s earnings report, and like usual, we want to signal a range of options contracts to monitor as a result. Our targets are going to be the VEEV 09/16 $39-42 Calls.


Extended Watchlist:
SKLN, MVES, ASCK, DLCR, GREW, BVTK

Blue Horseshoe Stocks: APRE Recap, Other Updates & More

Aperture Health, Inc. APRE

When we took a glance at the APRE chart in the premarket yesterday morning, we felt confident that there was a possibility of a continued uptrend carried over from Friday’s big move. Our feelings weren’t misplaced, as the stock recorded another nice intraday run beginning right at the opening bell.

From its starting price of .027 APRE broke out to a high of .0428, which registered as a 59% upswing. We then saw a consolidation into the close, exhibiting the type of volatility we’d mentioned in our report, but notably held support above the .03-mark.

We’re going to look for APRE to continue to build higher base levels of support moving forward. We can imagine a play with such technical characteristics providing us further opportunities in sessions ahead, so we’ll want to keep it on close watch.

If you didn’t catch our full report on APRE yesterday, you can find it here >>View Report


Updates on Recent Ideas

We get so caught up with our seemingly innumerable interests at times, that we sometimes find ourselves having to backtrack a bit to provide updates on past ideas. Such is the case with the following stocks:

PCS Edventures!.com, Inc. PCSV, which we tabbed for longer-term watch two months ago to the day, ended up making a beautiful upswing of multi-bag proportions. Subsequent to our alert, we witnessed it trading in a range from .025-.14, a 460% move to the upside.

Skyline Medical, Inc. SKLN is a play that we zeroed in on late last month, and it too yielded a sizable move recently. The stock ran from .17-.29 for a comparatively modest but still very solid 71% spike.


Eyes on the Cannabis Sector

Our regular readers are certainly familiar with our repeated tracking of marijuana-related stocks, a pool from which we’ve pulled a great many big-time gainers in the past. We began drawing attention back to the sector in our reports early this spring, and it has really paid off.

GreenGro Technologies, Inc. GRNH – We’ve come back to this one time and time again over a period of years, but began tracking it more heavily beginning in late February. Since then, the general trend has been in a northerly direction, and over the past month or so, things have really begun to kick in high gear. In that span, we’ve seen GRNH run from a low of .0171 to an amazing ten-cent high yesterday. That’s a 485% swing! The stock has gapped up even further today, as high as .12 so far in the premarket, so it’s definitely occupying a portion of our attention this morning.

Terra Tech Corp. TRTC - We began re-alerting TRTC around the same period in late March at which time we observed a low of .2162 , and our most recent reminder came on April 5th. For this play as well, it has been mostly big moves to the upside since then. Yesterday the stock reached .7455, marking a 245% swing over our observed low.

Other big pot-plays that we dialed up near the end of March included Marijuana Company of America, Inc. MCOA and CannLabs, Inc. CANL. We’ve seen multi-bag moves from them as well, culminating in impressive new highs yesterday. MCOA ran from our observed low of .005 to a new high of .012, a gain of 140% while CANL made a move from .167-.449 for a solid 169% rip.

It’s become increasingly apparent over recent weeks that the cannabis industry heat-up we had anticipated is in full-swing. We’re going to need to stay aware and continue to monitor the entire sector, including stocks such as CANN, and CBDS as spring progresses.


Extended Watchlist:
EPXY, SVBL, INSY, GWPH