Blue Horseshoe Stocks: TROV Recap & More

TrovaGene, Inc. TROV

We wanted to swing back around this morning for a stock that we mentioned on Monday of last week. We said we’d want to have it on watch in later sessions, as the company had just released news of a service agreement with pharma giant AstraZeneca.

There was a slight pullback off of the initial spike that the announcement caused that day, and TROV found support at a low of .85. This morning the stock has reached as high as 1.35 in the premarket, which marks a rise of 59% over the lows we observed last week.

We want to continue to keep an eye on TROV and see it make higher highs and higher lows. If the stock can hold at or above previous resistance at 1.20 on any pullbacks, it’ll be a positive signal.



Marathon Patent Group, Inc. MARA

Hitting our radars as a bottom-bouncer this morning is MARA, which popped up yesterday with its first significantly bullish session in quite some time. It had been pretty well oversold for months, as you can see on the accompanying chart snapshot.

We’ll be interested to see if MARA can put together a multi-day trend, or if yesterday’s move was an aberration. The first step will be a breach of the current 50DMA at .40, which also coincides with an an area of considerable previous resistance.


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Highway Holdings Ltd. HIHO - Another potential bottom play we wanted to quickly point out this morning is HIHO. We’ve noticed that the stock has come up off of a double-bottom formation and has been holding support well at the 3.30 level over the past few sessions. We’ll look for it to continue to do so.

The


Extended Watchlist:
OVAS, CTRV, ORCL, AAL, CMC, BKS

Blue Horseshoe Stocks: DCTH Review & More

Delcath Systems, Inc. DCTH
We flagged DCTH in Friday’s premarket reportas a prime bottom-bounce candidate that could be in line for a serious rebound, and even despite the markets as a whole taking a gut punch, it ended up being a great single-session play, and the NASDAQ’s top gainer.

From an early low of .0501 the stock surged as high as .0845, which works out to an intraday rise of 69% and it occurred on more than ten times the 30-day average volume, with DCTH logging its second-highest daily volume of all time.

We’d say our timing was extremely fortuitous on this rebound play, and with the kind price action and liquidity that we witnessed Friday, we’ll definitely be interested to see how the action unfolds to kick off this new trading week.


TrovaGene, Inc. TROV

We wanted to make mention of TROV this morning after noticing a cherry of a PR buzzing over the newswires. The company announced an agreement to provide tests and services for pharma giant AstraZeneca.

Whenever we see one of these smaller pharma company’s have joint news with a big player in the sector, we always want to pay attention to the stock. A perfect example of this is Pieris Pharmaceuticals, Inc. PIRS, which we signaled back on May 4th when that company also had news tying it to none other than AstraZeneca. What followed was a 55% run lasting nearly a month that took it from 3.26 the following day to a high of 5.06 last Monday, the 31st.

On the chance that TROV experiences a similar bullish push on the heels of its own AstraZeneca announcement, we’re going to be sure to have this one on watch in coming sessions.


Ascena Retail Group, Inc. ASNA

We’re also taking notice of a nice technical setup on ASNA, which owns the Lane Bryant retail brand among others, and was another of the NASDAQ’s top gainers of the day on Friday.

The activity came in the wake of a rather disappointing earnings release in terms of financials, but investors clearly responded well to the company outlook moving forward.

As you can see on the included snapshot, the stock picked up speed in its recent ascent off of a bottom, and began to fill a gap on the chart to the upside. We also have a number of other indicators pointing to a possible continued uptrend, so we’ll afford this stock a slot on our watchlist.


Extended Watchlist:
XBIT, DXTR, RWLK, ABIL, ADHD, ENRJ

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Blue Horseshoe Stocks: FREE, DRL, BAA & More

FreeSeas, Inc. FREE

After we brought FREE to our readers in last Thursday’s report, the stock was trading as low as .675. It turned out to be a good bottom call for us, as we have now seen two consecutive days of higher lows, and yesterday FREE attained a high of .91 into the close.

That marked a two session move up of 35% and as the stock closed at the high of day, we’re going to want to monitor FREE for momentum carryover into today. We’ll also be looking for another session of higher lows and higher highs to signify that the uptrend remains on-track.


Doral Financial Corp. DRL

We’ve been tracking DRL since June 9th, (Trading at a low of 3.53) and in that span, we’ve seen some significant movement from this stock.

Last Thursday, in an update on DRL we mentioned that we’d pay careful attention to the stock “over the next handful of trading days.” That turned out to be a good idea, as we’d observe a low of 7.08 on Friday, and a subsequent high of 8.14 during yesterday’s session, a solid increase of 15%

Counting from the initial low we observed in DRL in June, yesterday’s high represented a gain of 130%



Banro Corp. BAA

We have a potential bottom-bounce play in BAA this morning. We caught this one on a routine scan and noticed how it has taken a huge dive over the past few weeks. After closing at .479 on 07/09, the stock came all the way down to close at .181 this past Friday.

The stock has begun to find support and bounce off of its base over the past couple of sessions, so we want to keep a close eye on BAA moving forward.



Yesterday’s Extended Watchlist Movers

We also had a couple of plays off of yesterday’s ‘EW’ that fared well.

TROV
TROV made a nice move from a low of 3.75, on up to 4.78, an intraday gain of 27%

MOBI
MOBI also gained some ground as it traded in a range from 7.47-8.60, for possible gains of 15%


Extended Watchlist:
ARO, SKH, FCEL

Blue Horseshoe Stocks: PBR Options & More

Petroleo Brasiliero SA (Petrobras) PBR – Options

We’ve lost count of how many times we’ve called PBR correctly, but it has become a weekly, if not daily, sort of occurrence. If you recall, our report on Friday included a note proclaiming our interest in the “August 22nd $15.50 and $16.00 Calls for a swing trade into next week.” Already that prediction has begun to materialize in a big way.

PBR blew past $16 and even breached $16.50 during Friday’s session, and our target contracts both saw sizable increases. The 08/22 $15.50 Calls ran 73% in a range from .68-1.18, while the $16 Calls went from .44 to .79; a 79% jump.

The Weekly $16 Calls which have been a focus in each of the past few weeks, while a more risky proposition, yielded the highest potential rewards. Those ran from .05-.50 on the day; a 900% spike.

This morning in the pre-market, PBR has already traded as high as $17, so it will be interesting to see how much higher our potential gains on this idea will go. The first thing we’re looking to do this morning, is take enough profit off of the table to lock in our initial investment, then ride the rest of the way on the house’s money.

We’ll also be observing the overall temperament of the stock as we begin a new trading week, and will be forming further strategies as we go, so stay tuned!


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Extended Watchlist:
ACHN, MOBI, DYNT, IOT, TROV