Month: July 2019

Blue Horseshoe Stocks: Special Announcement

Special Announcement

As some of you might be aware, we are quickly approaching the 8th Anniversary of our newsletter archive site and home base on the web, BlueHorseshoeStocks.com. It’s where you can go to find every single pick we’ve made since 2011, and catch our reports each and every trading day between 9 AM and the opening bell.

We have traditionally adopted the “If it ain’t broke, don’t fix it” motto, but this year, we will be modernizing the look and function of the site for the very first time! The brand new BHS website will be up and ready well in advance of our 8th birthday (August 7th).

Now is a great time to get the page bookmarked, and added to your device home screens, and if you’ve yet to do so, subscribe to our mailing list so you can be sure never to miss an ounce of coverage! 

SunPower Corp. SPWR – Update 

Last month (June 19th), we called SPWR one of the most steady-growth movers we’ve been tracking in 2019, since we began watching it all the way back in January. It had come all the way from a low of 5.06 and achieved more than a 100% gain as it reached the $11-mark.

After a slight consolidation, the stock once again resumed its steady upward march, and the past couple of weeks in particular have brought a serious addition to our total observed gains. SPWR hit 12.79 during yesterday’s session, which brings the increase we’ve witnessed in the 2019 calendar year to an impressive 153%

J.Jill, Inc. JILL – Update 

It was just under a month ago that we tagged JILL for observation (June 12th), and in that time span, we have seen slow but steady progress, which has amounted to a very respectable overall increase.

Subsequent to our initial alert, we would observe a low of 1.54. After these last few weeks of stair-stepping its way up, we have now witnessed another new high yesterday at 2.46, followed by a strong close just four cents below that mark. We have therefore seen JILL make a total move of 60% and will be eager to continue tracking its progress.

Blue Horseshoe Stocks: Prime Setup on CCL

Adverum Biotech, Inc. ADVM

Our first order of business this morning is to review a stock we’ve been watching since the beginning of the spring, and reporting on it each month. Back on April 17th we initially alerted on the stock while it was trading for as little as 5.44 a share. We also did a followup report on it on May 20th as well as one last month, on June 5th.

The stock has essentially been in a solid uptrend the entire time, with its biggest single-session move yet occurring yesterday from 10.15 11.95 to 14.96. It marked an intraday pop of 25% and an increase of 47% over the low following our June 5th mention. The total overall increase we’ve observed since our original alert has been 175%

Carnival Corp. CCL 

We ran across the technically attractive setup on Carnival’s chart this morning, and it is currently exhibiting many of the signs we’re after when looking for solid bottom-plays.

Just in the last week, CCL started to come off of being heavily oversold, and the MACD is on the cusp of a bullish cross. Add in the nearly two million dollar pickup by an insider according to a pair of Form-4’s filed last Wednesday, as well as the massive topside gap on the chart, and we are feeling pretty good about CCL as a strong recovery play candidate.

We’re going to radar the CCL 08/02 47-48.50 Calls, which should be in good shape if the stock can approach that gap sometime in the next couple of weeks.

Blue Horseshoe Stocks: Fresh Bottom Plays

New Bottom Plays

While we are in a bit of a drought in terms of big name earnings reports, as tends to happen around a holiday. We’re back for a full, fresh trading week and we thought we’d shift our focus to bottom plays as we kick things off. 

Taronis Technologies, Inc. TRNX

TRNX is in precisely the sort of position in which we look for bottom-bounce candidates. The stock saw new lows last week before making its reversal, and stringing together three consecutive positive sessions.

We can also see on the RSI that TRNX is just now coming off of being extremely oversold and the volatility potential suggests that even a 100% move from current pricing would not be out of the realm of possibility. We’ll be keeping an eye peeled here in the days and weeks ahead.

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Rockwell Medical Technologies, Inc. RMTI 

RMTI is another possible bottom play with some decent potential and a gap to fill the 200DMA currently sitting at 4.11. Perhaps the upside potential here is not quite of the magnitude of the previously mentioned play, but the indicators may be more ripe in this case.

The MACD is on the precipice of a bullish cross, and the RSI is slowly attempting to come off of being oversold. This may also be a good candidate for a more sustained recovery over the next several sessions.

Extended Watchlist:
TBRG, LPTX, GROW, NAKD, DPW, ITCI