Tag: WATT

Blue Horseshoe Stocks: Pot Stocks, ALDR Recap & More

Max Sound Corp. MAXD
 
After congratulating ourselves on observing a 112% rip from MAXD after tagging it in Thursday morning’s premarket report the stock wasn’t finished. Just as a refresher, our observed low that morning was .0033 and the high came in at .007.

We said we wanted to keep tracking the stock due to a strong close and the momentum did indeed carry over into the new trading week. After the slightest dip to .006 first thing in the morning yesterday, MAXD once again took off northward, reaching a new high at an even penny.

The activity was good for isolated intraday gains of up to 67%, and at that penny high, it represented a two-session upswing of 203% over our observed low from Thursday. As long as MAXD continues to register higher base levels of support as it has done thus far, it will retain our attention.

Alder Biopharmaceuticals, Inc. ALDR

ALDR was an inclusion from yesterday’s watchlist as well, and we saw some excellent intraday gains, especially considering its elevated price range. We watched as it traded up from a low of 21.75 and reached a subsequent high of 27.79.

That represents a single-session advance of 28% which is all the more impressive coming from a $20+ stock. The move came on roughly fifteen times the 3-month average volume, and was facilitated by news of positive migraine study results.

Also included in our report yesterday was a list of marijuana stocks we’ve tracked over a period of years, that we wanted to revisit to kick off the week, as investor interest in the cannabis space seems to be on the rise of late. In addition to HEMP, which made a small double-digit increase but had a relatively modest session by comparison, the following pair each made gains of a more substantial nature: 

GreenGro Technologies Corp. GRNH – First up, GRNH made an impressive daily swing as it traded in a range from .03-.05, for potential profits of up to 53% being made possible on the day.

Terra Tech, Inc. TRTC – The other runner was TRTC, which made a move from .33-.41, a 24% increase. We’re going to continue to reserve a spot on our radars for this one as well, especially with a post-market earnings call slated for this afternoon. (Click through to PR for participation info)


*We also have a reminder for our readers of a couple other pot plays we’ve tracked in the past that we’re going to be monitoring more closely in the light of increased sector activity: PHOT, VAPE

Extended Watchlist:
AMBA, MINE, TAPM, OHRP, WATT

Blue Horseshoe Stocks: Revisiting the Cannabis Sector

Marijuana Sector Heating Up Again

Last year at this time, we were in the midst of one of the most exciting times for an individual sector that we’ve ever witnessed. You’ll recall that the 2014 New Year brought the beginning of the first legal recreational marijuana sales in Colorado, and as a result the interest in cannabis and related stocks went absolutely through the roof. The months-long free-for-all was punctuated by dozens of ‘pot plays’ making astronomical gains, and it went down in the books as one of the most exciting mega-trends we’ve ever lived through.

While we don’t expect to see anything of that hype-fueled magnitude this year, we did notice a significant rise in activity in several of the marijuana stocks that we’ve tracked all throughout 2014 ramping up at the end of last week, so we thought this morning would be a good time to call some attention back to the legal/medical cannabis arena.

Friday’s list of gainers read like a symbol-for-symbol recap of our pot stock watchlist. Among those, the most impressive were ones that we are used to seeing make incredible moves:

HEMP, CBIS, MJNA, EAPH, GRNH, MCIG, ERBB, & TRTC 

*If you’d like to inspect our history with each stock, you can check the archives by typing bluehorseshoestocks.com/tag/____  and replacing the blank space with whichever symbol you’d like to pull up. It will furnish you with a chronological listing of each article that we posted on a given stock. (Note that this method can be used for any symbol we’ve ever covered, making us 100% transparent- just another reason why we feel our newsletter is the best around)

We will continue to make the monitoring of the cannabis sector a high priority for us as we settle into the New Year. More and more initiatives are being voted on all the time, and as we’ve been saying since 2012, the legalization of marijuana throughout the United States is going to play out like a domino effect. With measures having passed already in a handful of states, and several more slated to address  various degrees of the issue on impending ballots, the landscape of the industry should be expected to change and grow dramatically into the foreseeable future. Like always, we’ll be ready to capitalize on that growth as it happens.

Energous Corp. WATT

We also want to do a quick follow-up on WATT, a stock that we initially tagged on Wednesday Dec. 24th at a low of 8.40 and the stock has been on an overall uptrend in the five sessions since that time.

On Friday the stock managed to close in the 11.30’s and in the premarket today, we have seen trades go off as high as 12.65; that marks an increase over our observed low totaling 51%, so big congratulations are in order for anyone that has been tracking this play along with us.

There’s also some news out today about an agreement with an established electronics company that could help WATT speed up its wireless charging solution’s path to market. That’s a story we will definitely need to monitor moving forward:

Extended Watchlist:
CEMP, CNAT, STXS, KMDA, URZ, THLD

Blue Horseshoe Stocks: WATT Recap, NDRM & More

Energous Corp.  WATT

We first began tracking WATT on Wednesday of last week, and on that day we witnessed a low of 8.40. Yesterday, just three sessions later, the stock bullrushed its way to a high of 11.20, a highly respectable three-day increase of 33%

This is one that will remain on our watchlist heading into this week’s holiday break, and in order for us to remain interested we’ll want to see the stock maintain support in the  9.60-10.75 range.

Amazon.com, Inc. AMZN – Options Idea

AMZN started flirting with the 50 DMA ($311) getting above it yesterday for the first time in a few weeks. Chart conditions are ripe with RSI just getting above the 50 line and the MACD having just underwent a bullish cross as we point out in the snapshot below.

As a result of these conditions, we want to radar the January 17th $300-315 Calls which closed yesterday at 15.62 and 6.53 respectively.

NeuroDerm Ltd. NDRM

NDRM, having just come off of a relative bottom, is flying high in the premarket this morning, gapping up to tune of 30% The company announced enccouraging top-line results for one of their treatments currently in testing, and the reaction is being felt on the chart.

We will be looking at this play the way we do most stock that are surging hard on news; observing for profit-takers to cause a pullback off of the top, and a dip-and-rip where we can take advantage of the subsequent rebound.

TODAY’S NEWS:

Extended Watchlist:
BGMD, CJJD, XNPT, ARCP, ANV

Blue Horseshoe Stocks: WATT Recap & More

Energous Corp.  WATT

WATT was included in our extended watchlist on Wednesday before the holiday break, and the stock went on to make a modest yet solid move, despite having only a short session in which to do so. We saw the stock rise from an early low of 8.40 on up to a high of 9.50, which represents an intraday spike of 13%

Apart from its bullish chart, one of the main reasons that WATT is so interesting is that its “WattUp” technology is so close to the cutting edge. Wireless charging has gained a fair bit of steam with charging mats over the past several years, but those require that the device be sitting on the pad. A technology that can rout power wirelessly over a much larger area has yet to make its way to the mainstream.

We’ll be keeping watch over WATT, which could really make a splash if the WattUp technology proves to be as versatile and efficient as the company claims, and is able to clear FCC Certification for which it is currently undergoing tests. >> LEARN MORE ABOUT THE TECHNOLOGY

Extended Watchlist:
ANV, AUY, ATOS, NOG

Blue Horseshoe Stocks: NQ, RAD Reviews & More

NQ Mobile, Inc. NQ

NQ appeared at the top of our extended watchlist yesterday and stood out as the day’s top pick. The stock increased gradually all day long from an early low of 3.86, and touched 4.77 just prior to the closing bell. That solid intraday move was good for gains of up to 24% as NQ traded close to 6X its 3-month average volume.

The spike came on the heels of a big announcement from the company as it gears up for an $80M buyback program that will last for the duration of 2015.

BEIJING and DALLAS, Dec. 23, 2014 /PRNewswire/ – NQ Mobile, Inc. (“NQ Mobile” or the “Company“) (NQ), a leading global provider of mobile internet services, announced today that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to US$80 million of its shares over the next 12 months. >> FULL PR

Rite-Aid Corp. RAD

Just a reminder for those who might have missed our close coverage of RAD over the past week, we latched onto this stock last Tuesday, catching it at a low of 5.79. We’ve seen incremental gains from this play from that time, and yesterday it continued to press upward, setting a new high at 7.45. That marked an overall increase of 29% that we’ve observed in just one week.

The stock continues to push its way up in premarket trading this morning, having traded as high as 7.54 so far, so we’ll be certain to pay close attention as we close out the early portion of this split trading week, and once we return on Friday.

As we stated yesterday, according to the opinions of many analysts, RAD has room to see a PPS in the $8-range, and with the movements we’ve tracked over a short period of time we wouldn’t be at all surprised to see that happen.

The markets wrap up at 1PM this afternoon for the start of the holiday break. We want to take this opportunity to extend our warmest Season’s Greetings to all of our readers regardless of how you will be spending the hiatus. Be safe and well, and we will be back bright and early on Friday to close out the week! Cheers!

Extended Watchlist:
ISNS, DRD, HALO, WATT, LIQD(Gap-Down, Watching for Bottom)

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