Month: July 2016

Blue Horseshoe Stocks: SPU, MAXD Recap & More

Friday’s Hot Picks

We had a couple plays that we tagged in Friday morning’s premarket report that went on to provide traders with a good chance at some intraday gains.

SkyPeople Fruit Juice, Inc. SPU – We put SPU on watch after noticing the strong session it recorded on Thursday, and the momentum carryover was pretty impressive. From an early low of 4.35, took of and hit a high of 7.90. That worked out to an intraday jump of 82% which came on over 17X the 3-month average volume.

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MaxSound Corp. MAXD – Also performing well was MAXD, which we tracked over an impressive range from the .002’s to the .008’s back in early April. We circled back around to it at an opportune time on Friday, as the stock launched from .0043 on up to .0064, logging a 49% pop on the day.

Marinus Pharmaceuticals, Inc. MRNS – Update

We want to give our readers a quick reminder on MRNS this morning, a stock we recently tagged with the intent of seeing it try to fill the massive gap on the chart.

After seeing 1.35 following that alert, the stock began to do just that as it hit a high of 2.23 on Friday. That’s a 65% run-up so far, and we’re going to be very interested to see how the activity unfolds as we kick off this new trading week.

Avinger, Inc. AVGR

Speaking of stocks with enormous gaps to fill on their charts, we also want to begin monitoring AVGR, which, as you can see on the snapshot below, is in a position similar to that of MRNS when we began tracking it a couple weeks back.

The stock is searching for a bottom after taking a massive gut punch in the form of a three-dollar gap-down. While it appears it may yet have some bottoming out to do, it’s egregiously oversold at the moment, and we’ll want to be there when its own recovery begins as the resulting rebound could carry some substantial gain opportunities along with it.

Extended Watchlist:
BILB, SGBY, TGD, CIDM, NXTD, OPTT,

Blue Horseshoe Stocks: Updates, Fresh Plays & More

Kraig Biocraft Laboratories, Inc. KBLB

We alerted KBLB in Wednesday morning’s premarket report, and on that day, we would observe a PPS low of .0261. Yesterday, the stock hit a high of .0395, for a respectable two-session upswing of 51%

Following that solid run-up, we saw the stock close at .0375, maintaining a vast majority of its advance. We’ll continue to keep a steady eye on KBLB, and look for it to maintain support above the .03-mark in order to keep us interested.

Potential Bottom-Plays

Rennova Health, Inc. RNVA – We have an interesting story unfolding with RNVA, and a potential rebound opportunity as well. After briefly cracking its 50DMA on Wednesday, the stock took a major gut punch yesterday as it gapped down immensely.

It seems a bit of an overreaction after reading the PR that apparently catalyzed the selloff. The company announced yesterday that it had priced a public offering with the intent of raising upwards of $8.6M in capital, expected to close by Tuesday. They set the purchase price at .45, which is why a massive slide to less than .30 seemed disproportionate.

We’ll be interested to see the activity in this now majorly-oversold stock in sessions to come.


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Ampio Pharmaceuticals, Inc. AMPE – Speaking of stocks that have recently gapped down hard and found new lows, we have AMPE hitting our bottom-play radar.

Similar to the aforementioned play, the selloff occurred as a result of what some might construe as over-reactive. The company released data from a clinical study at the end of last month on its osteoarthritis injection treatment that was poorly-received.  However, while the primary endpoints of the double-blind study were not met, the treatment was markedly effective in improving the patients with the most extreme cases of the condition.

So the study was not a total loss, and the company made clear its intent to submit an FDA application for the treatment for those severely afflicted patients that were helped, and for whom no other non-surgical alternative exists.

That’s why we’ll be keeping an eye on AMPE to continue to regain some of its lost ground, as it has done over the past few sessions.

Extended Watchlist:
MAXD, MFST, PPHM, FES, SPU, KURA, COSI(Bottom watch)

Blue Horseshoe Stocks: New Options Ideas & More

Options Ideas

JP Morgan Chase & Co. JPM  – The first item on our agenda this morning is going to be to formulate an options trading idea for JP Morgan on the heels of the company’s earnings beat this morning, which has the stock gapping up here in the premarket.

We’re going to be zeroing in on the JPM Weekly $63.50-65.50 Calls for potential daytrades, and/or swing trades into tomorrow, depending on how the activity unfolds.

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Seagate Technology Holdings, Inc. STX – STX has recently been making a nice move after a large gap-up earlier this week. In the premarket it is pressing past the 200DMA(30.20) and looks as if it could continue to truck higher and fill the gap on the chart to $33.

We have a couple corresponding options ideas that could be in line for some nice gains; for daytrading opportunities this week, the STX Weekly $30-31 Calls, and the STX 07/22 $30.50-31.50 Calls for potential swing trades into next week.


Updates on Recent Interests

SAExploration Holdings, Inc. SAEX – Last week, we tagged SAEX as a bottom-watch play and after a few sessions of mostly sideways trading, the stock has finally begun to get some legs this week. The bottom, and our observed low, came in at .1385, and yesterday SAEX hit .298. That works out to a four session swing of 115%

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Gold Resource Corp. GORO –  We’ve been tracking GORO closely since we entered it into the conversation at the end of June. At the time we had observed a PPS low of 3.19, and yesterday the stock continued to push its upper limits with a new high of 5.50. That represents an overall swing of 72% and a new 52-week high as well. Firmly in blue sky breakout territory, we’ll continue to keep an eye on GORO.

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Lot78, Inc. LOTE – After tracking it to some nice gains last week, we saw LOTE pull back slightly yesterday, to a swing low of .016 before it rebounded 37% back to .022. We’ll look for the stock to retest our previously observed high of .03, the breaching of which would put this one into blue sky breakout mode as well!

Extended Watchlist:
IDNG, OBMP, SNWV, KNDI, MRNS, BCEI