Blue Horseshoe Stocks: IGNG Recap & More

Imaging3, Inc. IGNG

In our report on Tuesday morning, we tagged IGNG for observation, at which time we observed a low of .116 in the stock. Yesterday, following the appointment of a cannabis industry veteran consultant to the company’s LA-based cannabis and CBD subsidiary, (>>View PR). IGNG shot to .295. That’s a two-day swing of 154% , and gives us the interest to continue tracking the stock. 

Please watch the following video chart on IGNG where we point out key resistance and support levels which will give you a better idea of what to expect going forward:


IGNG VIDEO CHART
(**We were not compensated in any way to produce this video or coverage on IGNG**)


Weatherford International plc  WFTIQ

In the same report from Tuesday morning, we identified WFTIQ as one to watch, and it too has produced a very nice two-session gain opportunity for us.

We witnessed a low of .0198 in the stock, and it went on to see a high of .0264. That works out to a solid 33%



Zscaler Inc. ZS

Lastly, we identified some bearish options ideas for the ZS chain in yesterday morning’s report, and those produced some very nice chances for intraday profits.

ZS Weekly $51-49 Puts
$51 Puts – Range:
 2.78-5.00 – Max Gain: 80%
$50 Puts – Range: 1.99-4.00 – Max Gain: 101%
$49 Puts – Range: 1.60-2.60 – Max Gain: 63%


Extended Watchlist:
SBGL, PAR, GMO, OTLK, VTGN, AU, CLVS

Blue Horseshoe Stocks: Recaps, Fresh Ideas

Pier 1 Imports Inc. PIR

It was just Monday morning that we were heralding the performance of PIR following our recent tag of the stock as a bottom-watch play just shy of three weeks ago on August 23rd. The day after that alert, we would observe a low of 3.76. At the time we mentioned that we felt a double-bagger was possible, and as of Monday, it had fallen just short of that mark with a 91% increase.

Yesterday, the stock blew through that mark with its biggest session yet. It traded in an impressive intraday range from 6.10-10.48 (+64%). That pushes our overall gains since our initial flag to a very nice  179% well past the double-bag mark that we had targeted!


Endo Pharmaceutical Holdings Inc. ENDP 

Speaking of other very respectable stock calls we’ve made recently, we tagged ENDP on August 7th, as it was trading for as little as 2.14.

Yesterday, after its second big bull session of the past week, the stock hit a new high of 4.07, leaving us with total possible gains of 92% since our initial call on ENDP.


Fresh Options Idea:
Zscaler Inc. ZS Weekly $51-49 Puts 



Extended Watchlist:
CBDL, IGNG, AIMT

Blue Horseshoe Stocks: SIG Recap, AXON & More

Signet Jewelers Ltd. SIG – Options Idea

After noticing its solid beat on earnings and reassured guidance yesterday morning in the premarket, we selected a range of options ideas for the SIG chain. Post-earnings options calls have become our bread and butter, and SIG provided yet another example of the reason for that.

Our designated observation range was the SIG Weekly $47.50-50 Calls and all but the 49.50′s enjoyed considerable single-session gains for the day.

$47.50 Calls – Range: 3.70-6.30 – Max Gain: 70%
$48 Calls – Range: 3.21-7.12 – Max Gain: 122%
$48.50 Calls – Range: 3.10-6.00 – Max Gain: 94%
$49 Calls – Range: 2.72-6.17 – Max Gain: 127%
$50 Calls – Range: 1.97-5.21 – Max Gain: 164%
___________

Fresh Options Idea:
Five Below, Inc. FIVE Weekly $90-95 Calls


Axovant Sciences, Inc. AXON

We also included a tag of AXON in yesterday morning’s report, and were met with a pretty good chance for a daily profit there as well. We noticed a slew of Form-4 buys come in on Tuesday, and lo and behold, yesterday the company released news of an $840M+ licensing deal for its Parkinson’s gene therapy.

From a morning low of 3.27, the stock reached a high of 4.64, representing a modest, but very respectable 42% move on the day. We’ll be sure to leave it on our radar in the event that a more sustained move is in the cards.


Extended Watchlist:
ONTX, MRTX, ZS, IMMU, CLWT, CLSD, CLRB