Tag: VMEM

Blue Horseshoe Stocks: Revisiting VMEM, ONOV & More

Violin Memory, Inc. VMEM

This morning, we’re going to take a minute to go over the recent performance of a stock that we tagged for tracking on June 1st. At the time, we were noticing that VMEM, after a period of sharp consolidation that led to its 52-week lows roughly a month ago, was rebounding nicely.

Subsequent to our mention of the stock we observed a low of .482, and in the ensuing two weeks, it’s been mostly trending upward as you can see on the chart below. It has since reached a high of .79, representing a total increase of 64% over our observed low.

To remain interested in VMEM, we’ll need to see it hold support at or above its recent swing-low at .56 on any pullbacks.

BioNovelus, Inc. ONOV

We’ve got another stock in ONOV that we had previously mentioned earlier this spring, which has also managed a near-continual uptrend of late.

Following our alert of this play back on the 26th of April, it was trading for as little as .006 a share, and as you can plainly see, the climb it’s made since that time has been nothing short of monumental. The stock incredibly hit a new high of .103 yesterday, which registers as a 1617% upswing over our observed low!

Despite being quite overbought at the moment, we’ve got the indicator of all indicators, a Golden Cross, forming on the chart. Should the stock hold support at .04 or better on any dips, we’ll remain watchful for the possibility of further breakouts.

Extended-Term Watch Idea:

Motorcar Parts of America, Inc. MPAA – We took notice of MPAA this morning after the company’s mixed earnings release. We are seeing a number of attractive features of this stock at the moment, and want to put it on a longer-term watch. Not only is it currently feeling out its 52-week lows, but there has been a wave of Form-4 Buying that has been reported over the past week. These are attributes which have led us to good bounceplay opportunities in the past, so we’ll keep an eye peeled.

Extended Watchlist:
SOUM, GRLD, SFBE, ERHE, IMNP, SGY, YGE,
ADTM(Back on bottom watch)

Blue Horseshoe Stocks: Recap of NHMD & More

Nate’s Food Co. NHMD

First up today is a recap of NHMD, a stock that we’ve been continuously tracking since February, and one that has brought us multiple chances to profit. We revisited it in March after witnessing a consolidation to our observed low of .0012. It has since rocketed to new highs, breaking through its 200DMA and running to .014 yesterday. That marked an impressive run of 1066% over a span of less than two months!

We’ll be anxious to observe to followup activity to that huge spike. Ideally, we’ll see NHMD hold support at or above its 200DMA of .0115 on any pullbacks.

Cliffs Natural Resources, Inc. CLF

CLF was included in yesterday’s report after noticing a number of bullish indicators forming on the chart. It’s going to remain on our radar after the stock responded with a subdued but respectable performance on the day, as well as gapping up further in the premarket today.

So far we’ve only seen a 12% rise from this play, but will still be observing closely moving forward as it just cracked the 50DMA in a bullish manner, in addition to recently receiving an analyst upgrade as well as exhibiting significantly heightened volume.

New York & Company, Inc. NWY – Update

We wanted to take a minute this morning to update our readers on a recent bottom-watch call we made, and reiterate our interest in tracking its activity over an extended term.

We called attention to NWY in our premarket report from a week ago today, and while it has yet to really blast off, our timing in pointing out the bottom was about as good as it could have been. It has managed to establish higher lows in each of the four sessions since then, despite only seeing a marginal trading range of 11%

The stock remains heavily oversold, and as such will continue to have a slot of our watchlist moving forward on the chance that a more significant rebound is in the cards.

Extended Watchlist:
BOSC, IMNP, OPGN, APHD, PACD, VMEM