Tag: WDDD

Blue Horseshoe Stocks: WOLV Video Chart, Options & More

Wolverine Technologies Corp. WOLV

We want to place WOLV on watch this morning for a couple of reasons. Apart from coming off of a recent support level and showing some bottom-bounce activity, we also like the involvement of David Chalk, formerly of the TV show, Tech Talk with David Chalk.

David recently signed a purchase agreement with the company, with plans for him to come on board as a tech consultant once the transaction is completed, so someone of his notoriety putting skin in the game on WOLV definitely gets our attention. And, as we said, the stock is also interesting from a technical standpoint.

View the following video presentation of the chart going over what makes WOLV an attractive play at the moment:


Solid Picks From Yesterday

We had a couple of the stock ideas from yesterday morning’s premarket report pan out for some good intraday moves:

Worlds, Inc. WDDD – Trading Range: .017-.029 – Gain: 71%

MarilynJean Interactive, Inc. MJMI – Trading Range: .205-.255 – Gain: 24%

Added Note: We’ve been tracking Intermolecular, Inc. IMI since Wednesday and it has made small increases, reaching higher highs each day. We want to continue to watch this multi-day mover.

Macy’s Inc. M – Options Update

We reminded our readers yesterday of just how adept we’ve become at spotting prime options trading opportunities on the heels of impressive earnings calls, and Macy’s was ultimately a fantastic target for us in that regard.

We specified a target range that included seven sets of contracts, and multi-bag single-session moves were made by every single one of them! Our selections, the M Weekly $36.50-39.50 Calls, turned out the following gains on the day:

$36.50 Calls – Range:  1.81-3.76 – Max Gain: 108%
$37 Calls – Range: 1.55-3.30 – Max Gain: 113%
$37.50 Calls – Range: 1.23-2.61 – Max Gain: 112%
$38 Calls – Range: .74-2.35 – Max Gain: 218%
$38.50 Calls – Range: .25-1.55 – Max Gain: 520%
$39 Calls – Range: .26-1.40 – Max Gain: 438%
$39.50 Calls – Range: .18-.97 – Max Gain: 439%

___________

Fresh Options Ideas:

We also want to keep a close eye on a couple of other earnings-related plays. Both JC Penny’s (JCP) and Nordstrom’s (JWN) have beaten expectations on the Street, so we’re going to have some ideas standing at the ready for each of them:

JCP 08/19 $9.50-10.50 Calls

JWN 08/19 $50-55 Calls

Extended Watchlist:
DFSH, SNWV, TREP, WTII, ALJ, GBR

Blue Horseshoe Stocks: MINE Recap, M Options & More

Minerco, Inc. MINE

MINE was one of a pair of plays we tagged for observation in yesterday morning’s premarket report that offered up the chance at some nice single-session gains.

The stock traded in a range from its early morning low of .008 and essentially spent the entirety of the session trending up. It led to a high of .012 shortly before the closing above its 50DMA, and it marked a solid intraday pop of 50% The move came on nearly 8 times the monthly average volume as well, so we’ll be on the lookout for further activity from MINE.

A key area of resistance will be the stock’s previous swing high of .014 from late June.

Eline Entertainment Group, Inc. EEGI

The other mover from yesterday’s watchlist was EEGI. This subpenny has a track record of volatility, and it played to our favor quite nicely with a respectable intraday run.

From a low of .0011 it reached as high as .0015, a 36% move on slightly greater-than-average volume. The stock tends to bounce around freely within the .0005-.002 range, so we may look to catch this one on a future dip-and-rip, which the chart history seems to suggest is a strong possibility.

Macy’s Inc. M – Options

Macy’s is fresh off of a big beat on earnings and is gapping up big in the premarket. As always when we run across this type of situation, we want to signal a range of options calls to correspond with the forthcoming activity. The sheer number of times we’ve reaped rewards from earnings-fueled options trades is getting too high to count. We’ve actually done so with Macy’s itself on multiple occasions.

The target range we’re going to zero in on is the M Weekly $36.50-39.50 Calls, for potential daytrades and possibly even swing trades into tomorrow’s session, depending on this afternoon’s activity.

Extended Watchlist:
KEGX, WDDD, IMI, WAC, SPWR, GSV, NYMX(Potential Bottom-Bouncer)