Blue Horseshoe Stocks: Bottom-Plays & More

DISH Network Corp DISH

There’s a possible bottom-bounce opportunity brewing with DISH, with the stock posting its first bullish session after a string of five consecutive days of getting beaten to a pulp.

We want to signal a range of September calls that would stand to make considerable moves if the stock can mount an extended recovery. We like the volatility that DISH provides, and will be looking for it to test the 200DMA (61.38) while  tracking the DISH 09/08 $60-62.50 Calls over the days and weeks ahead.  .


Snap, Inc. SNAP

This is another stock that’s gotten beaten up recently, but instead of a handful of sessions, SNAP has been under consolidation for more than two months. In fact, the vast majority of the time since its IPO has been spent on the backslide.   It only recently began to record higher lows off of its newly established all-time low, and indicators on the chart suggest that a more convincing rebound could be in the cards.

We’ll want to pay close attention to the company’s post-market earnings call this afternoon, which could be a turning point in the early history of this relatively new stock.


Post-Earnings Gappers

We’re seeing premarket gap-ups for all three of the following stocks. We’re going to issue some options ideas for each chain to watch for day trades and or swing trades into tomorrow, depending on the activity we observe.  

Macy’s, Inc. M – Weekly $22-24 Calls
Perrigo Co. plc PRGO – Weekly $73-75 Calls
Canada Goose Holdings, Inc. GOOS – Weekly $19-20.50 Calls


Extended Watchlist:
DPW, XXII, HDSN, RADA, IDXG

Blue Horseshoe Stocks: KORS Recap & More

Michael Kors Holdings, Ltd. KORS – Options Recap

We took the opportunity to signal some KORS options yesterday in the wake of the company’s convincing earnings beat, and it was a good thing we did, because the stock had a monstrous session, running from a low of 42.71 to a high of 45.73.

That was more than enough of an intraday push to facilitate some really great gain opportunities for anyone who looked into our highlighted ideas, the KORS Weekly $41.50-43.50 Calls. Each and every contract in our specified range erupted with big time multi-bag moves on the day exceeding 1000%, which were as follows:

$41.50 Calls – Range: .31-3.97 – Max Gain: 1180%
$42 Calls – Range: .25-3.45  – Max Gain: 1280%
$42.50 Calls – Range: .20-2.65 – Max Gain: 1225%
$43 Calls – Range: .14-2.75 – Max Gain: 1864%
$43.50 Calls – Range: .13-2.25 – Max Gain: 1630%

This was certainly one of our sharpest calls and greatest plays of the entire summer so far, so cheers go out to anyone who hopped on for the ride!


Ubiquitech Software Corp. UBQU

The UBQU newsreel has been hot over the last week, wherein we learned that the company’s HempLife subsidiary was expanding its line of CBD products to include offerings for pets, and that UBQU also launched a new division that brings it into the trendy cryptocurrency space.

Along with a confluence of recent developments, we are also seeing bottom-bounce potential in the UBQU chart at the present time.The stock has essentially been getting beaten back all summer long, so we’ll want to begin watching for the possibility of a convincing rebound in the days ahead.


Extended Watchlist:
NVO, ATHM, USLV, ACHN, XTNT, NVAX, ANTH, EVRI, XXII

Blue Horseshoe Stocks: Celebrating 6 Years!

Happy Anniversary to Us!

First thing’s first- today marks the SIX YEAR anniversary of when we launched BlueHorseshoeStocks.com, our home on the web, and place to store and make available every single newsletter we’ve ever sent out during that time! We’ve unfailingly brought ideas to the table every trading day since then and want to take this opportunity to thank all of our readers who we value so much. From the most loyal who have been with us from the beginning, to every single person we picked up along the way. Cheers to all!


GoPro, Inc. GPRO

We put a set of options on watch for GPRO on Friday morning, and the potential single session gains that were there for the taking ranged from very good to downright fantastic!

Our highlighted range was the GPRO Weekly $9-10 Calls, and the intraday move that the stock itself made from a low of 9.31 up as high as 10.38, facilitated the following gain opportunities:

$9 Calls – Range: .34-1.35 – Max Gain: 297%
$9.50 Calls – Range:.13-.84 – Max Gain: 546%
$10 Calls – Range:.01-.40 – Max Gain: 3900%

As you can see, the chances for profits were exponentially greater, the higher the strike price chosen, but all around the idea turned out to be solid no matter what.


Eros International, plc EROS

We want to place EROS on watch as a possible bottom-bounce play this morning, after noticing a couple of different factors at work. The stock spent the past several sessions getting pummeled down to new 52-week lows, which in itself would be enough to catch our attention.

This morning we’re seeing a notable gap-up in the premarket, on the news that the Indian film company has entered preliminary talks with Apple to sell its entire content library. (>>View PR)

The stock was recently trading in the $14 range, and a return to that level does not seem out of the question, so we want to keep an eye on EROS as we kick off a new trading week.
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Extended Watchlist:
IIVI, AKS, XXII, CRNT, CLNT, ATHX, CYCC, XNET

Blue Horseshoe Stocks: Fresh Options Ideas

Fresh Options Ideas

We’re going to start off the new trading week by identifying a couple of options ideas we’re seeing based on the chart setups of Under Armour Inc. (UAA) and CSX Corp (CSX).

In both cases, the stocks have been on a bit of a backslide, but went on to record bullish sessions on Friday. We’re going to look for confirmed reversals on both of these, and be ready with some options ideas if they can establish more sustained rebounds. On each chart, there are gaps to the upside, which is another thing we look for.

For Under Armour, which is giving off a strong multiple-bottom signal, we’re going to track the UAA 09/01 $17-19 Calls, and for CSX Railroads, we’ll want to look after the CSX 09/01 $51-53 Calls.


ImmunoGen Inc. IMGN

We also want to keep IMGN on our radars as we kick things off this week. We signaled it in Friday’s premarket report and it had a modest yet solid session on the heels of an earnings beat. We saw a low of 6.29, and this morning in early trading the stock has reached a high of 7.41.  While that’s only an 18% rise at the moment, we’ll want to keep an eye peeled for another bullish session.


Extended Watchlist:
ACRX, CDRBQ, DVAX, NVIV, MYO, XXII, NXTD, CYTR,MNGG

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