Blue Horseshoe Stocks

Blue Horseshoe Stocks: New Options Idea & More

Acacia Research Corp. ACTG

Pretty much the entirety of 2017 has been some tough sledding for ACTG, which was in an overall downtrend since last winter when it was trading at more than twice its current value.

That all seemed to change around midway through last month, as the stock has managed to establish a good rebound effort for several sessions. In the premarket the stock has broken previous resistance which coincided with the 50DMA (3.63) and could make a move to fill that gao we’ve pointed out on the chart below.

We’ll put the stock on watch in the days and weeks ahead as we kick off this holiday-shortened trading week.

Insmed, Inc. INSM

After posting key data reflecting positive top-line results in its Phase III lung disease treatment study, INSM has exploded into the blue sky this morning. The stock has rapidly gained more than twice its value in premarket trading, and whenever we come across a situation like this, we begin to look for the options contracts that could give us the best opportunity for rapid gains.

We think that the INSM 09/15 $27-30 Calls could stand to see some nice activity if the stock continues the blue-sky breakout we’ve witnessed so far.

Extended Watchlist:
ONCI, VDRM, MYDX, BSTG, PTN, BSRX, BLPH

Blue Horseshoe Stocks: Fresh Options Plays & More

Amazon.com Inc. AMZN – Options Recap

We’ve been tracking a wide range of AMZN calls since our premarket report on Monday morning.

We placed the AMZN 10/06 $965-980 Calls on watch as we were looking for a reversal from the stock that did occur. Yesterday we only provided the moves from the bottom and the top of the range to save time but today we’ll lay out the moves from every set of contracts we’ve been watching.

We mentioned that the gains we had seen up until yesterday morning could be added on to by what appeared to be a bullish session forthcoming, and that came to pass as well. Every set in the range has seen solid intraweek gains.

$965 Calls – Range: 19.25-27.00 – Max Gain: 40%
$967.50 Calls – Range: 25.24 30.20 – Max Gain: 20%
$970 Calls – Range: 15.30-32.05 – Max Gain: 109%
$972.50 Calls – Range: 15.30-28.94 – Max Gain: 89%
$975 Calls – Range: 13.62-26.70 – Max Gain: 96%
$977.50 Calls – Range: 13.48-26.95 – Max Gain: 100%
$980 Calls – Range: 11.39-25.28 – Max Gain: 122%

Lululemon Athletica

LULU was, for the most part, in a general downtrend during the month of August, but to kick off September it looks like a change in pattern in due.

The company posted a solid beat on its post-market quarterly earnings release yesterday, and we want to use that untraded-upon development potentially to our advantage using an options idea.

We’ve had tremendous success with the LULU chain in the past, and this time, we’re going to be tracking the LULU Weekly $60.50-62 Calls* for possible daytrades.

*We never discuss weekly options on a Friday without going out of our way to warn our readers that trading contracts with a weekly expiration on a Friday is exceedingly risky and should only ever be attempted by expert traders!!!

Extended Watchlist:
SDRL, APYO, RTNB, IOVA, NADL, ANFI, ADMP

Blue Horseshoe Stocks: AMZN Review & More

LiNiu Technology Group, Inc. LINU

Among yesterday’s tracked stocks was LINU, which we signaled after noticing some abnormal volume and price action in the previous session.

While the stock didn’t necessarily break out in a big way, the intraday move it did make was reasonably solid. From a low of 1.79, it ran as high as 2.36 on the day, marking a 32% pop. The move came on 39X the monthly average volume, and the stock did hold more than half of its daily advance into a strong close.

With that kind of momentum built up, we’ll certainly want to let LINU remain on our radar in upcoming sessions and look for the continued establishment of higher highs and higher lows.

General Electric Corp. GE

We like the setup on the current GE chart, which as you can see from the included snapshot below, has been pounded down to new lows this week.

We’re always looking to track the potential recoveries of heavily oversold stocks, and GE is certainly in that category. There’s also a sizable gap from July which needs to be filled, as well as some insider buying being logged near these lows last week.

We’ll put this one on watch for what seems like an inevitable rebound, while signaling a pair of options contracts to add to our radars, the GE 11/17 $26 & $27 Calls.

Amazon.com Inc. AMZN

We also have to swing back around to pat ourselves on the back for our options ideas on AMZN, which we submitted on Monday morning.

We noted that the AMZN 10/06 $965-980 Calls should have some nice moves once the stock saw a reversal, and it turned out to be a good hunch. The $965’s traded from 19.25-27.00 (+40%), the $980’s went from 11.39-20.20 (+77%) and the five contracts in the range in between those two all made similar gains.

AMZN is gapping up in the premarket this morning, so we wouldn’t be surprised to see our overall observed gains increase further.

Dextera Surgical, Inc. DXTR

Starting a couple of weeks ago on the 16th, and then again midway through last week, we’ve been signaling DXTR, which was coming up off of recent relative lows just a few sessions earlier.

We wanted to quickly point out its performance over that span, which started from a low of .26 and has run up to new highs in premarket trading today. It’s thus far hit a high of .43, which works out to a respectable two-week swing of 65%

Extended Watchlist:
IDXG, NXTD, STDY, APRI, MNKD, OTIC

Blue Horseshoe Stocks: UNXL Recap & More

Uni-Pixel, Inc. UNXL

Our premarket report yesterday morning may have left some of our newer readers wondering why we would put forth a stock that had just been crushed to new all-time lows amid forthcoming bankruptcy and the layoff of its entire workforce. Our more seasoned readers will recall many times in the past where just such a set of circumstances has allowed for big opportunities, and yesterday was no exception.

UNXL began its rebound immediately following the opening bell, and in the first 90 minutes of trading, shot up from a low of .07 to as much as .16. That worked out to an intraday rip of 128% which occurred on massive volume on the order of nearly forty times the monthly average.

It just goes to show why we are constantly scanning for stocks coming off of their 52-week lows, because quite often they become fantastic rebound plays just like UNXL did yesterday. In fact, it ended up being the NASDAQ’s biggest gainer of the day, so cheers to anyone who was along for the ride!

Coty, Inc. COTY

We like the setup of the current COTY chart and would like to signal a pair of options contracts for observation in the days and weeks ahead.

Here we have another stock that was battered down in rapid fashion, having been trading over $20/share as recently as the beginning of this month. That includes a large gap left on the chart. It reached it ultimate low on Thursday, and since then has shown signs of a possible extended recovery, not to mention some insider buying.

On that note, we’re going to be looking to the COTY 10/06 $17 & $17.50 Calls for potential swing trades in the days and weeks to come.

Extended Watchlist:
ABIL, TNDM, LINU, VRA, RNN, BTCS, INFI

Blue Horseshoe Stocks: ALQA Recap & More

Alliqua, Inc. ALQA

The big winner off our premarket watchlist in yesterday’s report turned out to be ALQA, which had a hard spike early in the session and continued to push more steadily upward over the course of the day leading to a strong close. The activity was fueled by the news that the FDA granted 510(k) clearance for ALQA’a SilverSeal Hydrogel wound dressing.

From its early low of .258 the stock traversed its way up to .45, which goes down as a 74% intraday gain. The move came on nearly forty times the monthly average volume on the stock, and as we just mentioned, it also closed with strength, just a penny below the high of day.

After hours trading also saw the stock achieve a high of .51, and it appears as if it could gap up slightly to start the day. We’ll be on the lookout for signs of a continued uptrend here as we head into this midweek.

Uni-Pixel, Inc. UNXL

Despite looming bankruptcy proceedings for UNXL, our bottom-feeder instincts have kicked in as the stock was punished down to a new all-time lows yesterday and is showing signs of a possible rebound this morning.

This NASDAQ could certainly be on its way to an OTC Markets listing in the future, being nowhere near the minimum bid requirements for the higher exchange. But for the time being, we’re only interested in its immediate situation. Over-abused stocks have had a historical tendency to produce some very nice moves for us as they correct course, so we’re going to place UNXL on watch in coming days.

Rimrock Gold Corp. RMRK

We also wanted to swing back around for a quick update on RMRK this morning. We placed this one on watch last Wednesday morning, catching it before it ran over 300% from .0006-.0025 that afternoon.

After a sharp pullback to .0008 over the ensuing few sessions, the stock rebounded yesterday, returning to a high of .0019 which marks a 138% swing.

We’ll be watching for it to continue to register higher lows on any further pullbacks. Any stock with this kind of price action and volatility is one that we definitely want to keep a close eye on for more quick strike trade opportunities.

Extended Watchlist:
ABCO, IMGN, IMMU, SBGL, RTNB, ETRM, MBRX