Month: May 2017

Blue Horseshoe Stocks: Bottom-Plays, Options & More

Celadon Group, Inc. CGI

We’ve been seeing a fair bit of bottom-bouncers running across our desks this week, and CGI is the latest to grab our attention. What we’ve got here is a very enticing chart with just about everything we look for in a potential bottom play.

The stock is beginning to come off of being massively oversold, has set higher lows and higher highs for each of the last three sessions, and has a sizable gap to fill to the upside. We also have a MACD that appears as if a bullish cross could be forthcoming, so we’ll definitely want to keep an eye on CGI this week.


____

Two other stocks on our bottom watchlist, California Resources Corp. and CRC Uni-Pixel, Inc. UNXL will remain there. We signaled these two just yesterday, and despite recording only marginal gains on the day, we still want to leave them a spot on our radar as well.


Valeant Pharmaceuticals, Inc. VRX – Options Idea

Speaking of bottom-bouncers, VRX recently rebounded off of new 52-week lows, and is hitting our scanners this morning.  With a pleasing Q1 earnings call which included solid boosts in profits for the quarter as well as reinforced guidance for the remainder of the year, VRX is gapping up considerably in the premarket.

We want to formulate an options idea to coincide with the increased activity and expected price action in a stock in this position. We’ve seen this sort of pattern many times before, and if things play out similarly here, the VRX Weekly $10.50-12 Calls could be in line to see considerable gains.

Extended Watchlist:
AMRS, ARLZ, CLNT, MTBC, XXII, ORRV(News)

Blue Horseshoe Stocks: Huge Options Calls & More

SPDR S&P 500 ETF (SPY) – Options Recap

If any of our readers had ever been in any doubt as to why we occasionally try to “shoot the moon” with a risky options idea containing weekly expiration contracts on a Friday, then this past Friday’s session answered their questions for good. We try to shoot the moon, because occasionally you can actually hit it! That was certainly the case with the SPY Weekly $238-50-239.50 Calls that we highlighted in Friday morning’s premarket report.

We stated our reasoning behind the idea as having noticed a “promising jobs numbers release, and what seems like it could be a bullish day for the markets as a whole.”  It really worked out exactly as we hoped, and because the SPY can be traded 15 minutes into post-market hours we got an extra boost to the monster moves we saw, which were as follows:

$238.50 Calls – Range: .33-1.41 – Max Gain: 327%
$239 Calls – Range: .07-1.00 – Max Gain: 1328%
$239.50 Calls – Range: .01-.47 – Max Gain: 4600%

As you can see, those gain opportunities ranged from really good, to ridiculously good, to full on eye-popping! Cheers to anyone who was along for the ride!

Uni-Pixel, Inc. UNXL

We’ve taken notice of what could be a prime rebound opportunity in UNXL. As you can see plainly on the chart below, the stock bottomed out at the end of last month, and has thus far been building a higher base of support in the month of May.

We’re eager to track this play to see if the trend will continue because if you’ll notice two of our favorite technical indicators on this chart, the RSI and the MACD, both are exhibiting an extremely bullish look at the moment. We’re going to place UNXL on intensive watch, because the party could just be getting started.


____

Extra Note: For an added bottom-bounce possibility, we’ll also have California Resources Corp. CRC on our radar, as it just underwent a bullish reversal on Friday, and maintained more than half of its daily gains.

Extended Watchlist:
AMFE, BLDV, FCEL, AXSM, DRRX,
GST, DDR(Potential Bottom-Bouncers)

Blue Horseshoe Stocks: FNBC Review & More

First NBC Bank Holding Co. FNBC

As we were just mentioning yesterday morning, we first alerted on FNBC in Monday’s premarket report after noticing that the stock was looking oversold and searching for a bottom.

It did indeed find that bottom at .0932 on Tuesday, from which point it has launched a multi-day recovery, setting an amazing new high of .89 yesterday. From its morning low of .29  it ran 207% intraday, and from our observed low, a whopping 855% move up in a span of three trading sessions! It’s also worth it to mention that there is still a gap to fill on the chart up to the 2.50-range.

This definitely goes down in the books as our most exciting call to watch this week, and cheers go out to any of our readers who caught on and made a pretty penny!


Ampliphi BioSciences Corp. APHB

APHB was among our tracked stocks from yesterday morning’s report, and it yielded a very nice intraday chance with its daily performance. The stock traded up from a morning low of 2.17 and hit 4.88 just prior to lunch hour on massive volume to the tune of more than 87 times the 30-day average!

That worked out to a great move of 125% on the day, so despite gapping down in early trading this morning, we’re pleased with the opportunity APHB offered during yesterday’s session. Additionally, with the extreme volume and volatility in this stock, we won’t rule out seeing another pop from APHB on the eventual rebound.


Northern Dynasty Minerals, Ltd. NAK

We also want to give an update on NAK, which we last tagged at the end of March. Early April brought a considerable upswing from 1.21-1.85, a 53% move. Over the past several sessions that followed the stock has been under consolidation, and we want to come back around to put it on our radars again, as it looks as if it may be getting ready for its next leg up.

The RSI and MACD, which are typically some of our favorite technical indicators aren’t giving off strong signals either way at the moment, but the stock recorded a hammer candle yesterday. In a downtrend, that can be a bullish reversal signal, so we want to keep an eye on NAK as we close out the trading week.


SPDR S&P 500 ETF (SPY) – Options Idea

We also wanted to make it known that we are going to be tracking some SPY Calls today to coincide with a promising jobs numbers release, and what seems like it could be a bullish day for the markets as a whole. We’ll have the SPY Weekly $238-50-239.50 Calls* on our watchscreens today.

*Never attempt to trade weekly options on a Friday unless you are a highly experienced trader- it’s an exceedingly risky proposition.

Extended Watchlist:
COTE, GOGL, SSH, BPMX, CTRV,