Blue Horseshoe Stocks

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.

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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.

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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,

Blue Horseshoe Stocks: PIRS, Options Recaps & More

Pieris Pharmaceuticals, Inc. PIRS

We tagged PIRS in yesterday morning’s premarket report via the extended watchlist after the company released some press regarding a strategic partnership with pharma giant AstraZeneca. That’s all many traders needed to hear, as an incredible amount of buying came in, with volume on the order of more than 206 times the 30-day average.

That massive momentum gave PIRS a steady push in a bullish direction, as the stock rose from a low of 3.0299 to a high of 3.97, a solid intraday climb of 31% We would be quite surprised if that was last of the bullish activity in PIRS after such a big announcement and subsequent massive accumulation of shares.

Weight Watchers International, Inc. WTW – Options Recap

Our fresh options idea for the day yesterday was to track the WTW Weekly $24-25 Calls after noticing elevated post-earnings (out Tuesday) activity. Oprah’s association with the company that began at the end of 2015 has had a lasting positive effect and led to increased revenues and a heightened outlook for the remainder of the fiscal year.

Were looking for these things to drive some movement in the contracts we were looking at, and that’s just what happened early on in the session. Any of the three sets of contracts within our highlighted range would have given traders the opportunity to bank multi-bag profits right from the opening bell. The following gains were up for grabs in the first 45 minutes of the session.

$24 Calls – Range: .52-1.33 – Max Gain: 156%
$24.50 Calls – Range: .40-.81 – Max Gain: 102%
$25 Calls – Range: .32-.65 – Max Gain: 103%

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DISH Network Corp. DISH – Options Recap

Our bearish options idea from Monday morning’s premarket report was to monitor the DISH 05/12 $62-60 Puts after noticing that not only did DISH have a disappointing earnings release, but that the chart was also looking top-heavy prior to that.

Our idea has worked out exceedingly well, whether traders took our suggestion to go with the contracts expiring next week as we listed, or simply went with the weeklies, which also made massive moves. Here are the potential gains that were up for grabs on our listed contracts:

$62 Puts – Range: .40-1.48 – Max Gain: 270%
$61.50 Puts – Range: .40-.91 – Max Gain: 127%
$61 Puts – Range: .21-.50 – Max Gain: 138%
$60.50 Puts – Range: .26-.43 – Max Gain: 65%
$60 Puts – Range: .10-.50 – Max Gain: 400%

First NBC Bank Holding Co. FNBC

Monday, on FNBC we commented that “we’ll have to monitor this one for its bottom, but after it’s reached we could in in for a heck of a bounce”. That bottom came the very next day at .0932 and yesterday, the big bounce we were mentioning came to pass as FNBC rushed to a high of .35.

That works out to a fantastic two-day swing of 276% and with the stock gapping up slightly in the premarket today, we could see an extension of those gains.

Extended Watchlist:
APHD, MNKD, APTO, APHB, RNVA, SCON

Blue Horseshoe Stocks: BLDV Review & More

Blue Diamond Ventures, Inc. BLDV

One among the many great calls to come out of our daily live trader’s chats* recently, BLDV came into view for us on Thursday April 20th, as the stock was mentioned in the room and subsequently went on a big run from .0005-.0017 (+240%).

We brought it up in our premarket report the following day, and the run continued from .0016-.0029 (+81%). After that a slight pullback occurred over the next session, but since then the stock has been on the rise again, and this week has brought new highs.

Yesterday, after appearing in our morning report once again, BLDV went on another tear and reached a new high for us. The stock made a 42% intraday push from .0036 and hit .0051. From our observed low of just nine sessions earlier, the stock has increased by an incredible 920%

Even those who missed the initial chatroom call and only caught BLDV in our premarket report on Friday the 21st at its low of .0016 that day, still had a chance at up to 219% in gains. The stock had a pretty strong close on high volume, so we’ll continue to monitor its progress even though it has already served us so well.

*Finding opportunities in the premarket is a big part of what we do every single trading day, but sometimes the real movers don’t reveal themselves until regular market hours commence. That’s where the chatroom comes in, giving ourselves and our participants the chance to spot and share the big movers as they crop up. Send a Skype contact request to ‘stocksumo‘ to get involved with our trader’s chats!

Balmoral Resources, Ltd. BALMF

After noticing the company released what it referred to as “high grade gold results from its Detour Gold Trend Project in Quebec” in a fresh PR this morning (>>View PR) we also took a look at the BALMF chart and saw that the stock itself has been working its way down to a bottom recently and is approaching heavily oversold territory.

Indications are that it could see slightly lower prices before making a rebound, so we’ll just want to ensure that it holds at or above December’s swing low of .46 on any further pullbacks. If it does, we’ll be very interested to track BALMF, especially given the fact that they’re officially ‘on the gold’ at their Quebec property.

Weight Watchers International, Inc. WTW – Options Idea

Weight Watchers has been breaking into blue skies, with an incredible bullish move that has lasted for the better part of six weeks. Heavy activity in this morning’s premarket leads us to think that despite already being up so high, WTW’s good fortunes could continues for awhile longer.

We’ll have an eye on the WTW Weekly $24-25 Calls on the chance that our hunch in correct.

Extended Watchlist:
PHMD, BLRX, PIRS, ESES, APOP