Blue Horseshoe Stocks

Blue Horseshoe Stocks: ADPT Review & More

Adeptus Health, Inc. ADPT

We tagged ADPT in yesterday morning’s report after noticing some abnormal price action and volume in Tuesday post-market trading and in the premarket. It’s the first time we’ve ever mentioned the stock in our long history, and it set the bar high with an excellent rip right out of the starting gate.

The stock shot up like a rocket from a low of 1.12 to a high 3.70, which works out to a 230% pop. Following that huge morning run the stock pulled back and is searching for support, but with the kind of volume and activity we witnessed yesterday, we won’t write this one off entirely. The potential for another bounce is definitely there.

Bravatek Solutions, Inc. BVTK – We were just mentioning yesterday morning how a participant in our chatroom raised a flag on BVTK Tuesday before it went on a huge run of more than 500% on enormous volume. That momentum carried over really nicely into yesterday’s session, as the stock traded in a range from .0009 early on, all the way to a new high of .0035.

That 288% intraday pop coupled with the previous days enormous increase reinforces what we’ve been talking about in terms of certain plays in the subpenny arena being on fire right now.

To further enhance our point, the big gainers didn’t stop there for the daily trader’s chat. We picked up on a key PR put out by Innovativ Media Group, Inc. INMG tying them to cannabis shortly following the opening bell yesterday, and that put up an impressive performance for the day as well, running 195% from .0019 to .0056.

This call was made well after our premarket reports hit the wires, which demonstrates why we encourage all of our readers to also join in on our daily in-session live chats. Once again- to participate, simply create/sign into your Skype account and send a contact request to ‘stocksumo’.

Celsion Corp. CLSN

We also want to flag CLSN, which put out an interesting PR this morning pertaining to preclinical studies on its bladder cancer treatment under development. (>>View PR)

Meanwhile, the stock itself has been stair-stepping up off of its bottom since February, and must return to the 1.00-level or face delistment from the NASDAQ. We’ll be interested to keep an eye on this play in the weeks and months ahead.

Extended Watchlist:
EARS, RTTR, STAF, AVGR, TVIA

Blue Horseshoe Stocks: NADL Update, Options & More

North Atlantic Drilling Ltd. NADL

NADL topped our list of potential bottom-plays in yesterday morning’s premarket report, and it ended up being the primary runner of the day.

We picked up on the stock on a routine scan, after noticing a sizable gap-up in the morning, coupled with the fact that the stock had been repeatedly beaten down over an extended period. All the signs seemed to be pointing toward a significant day for NADL, and that’s exactly what transpired.

The stock traded in a daily range from 1.73 on up to 2.87, for a highly respectable single-session swing of 66% that came in on mind-bending volume, on the order of 150X the 30-day average. That type of momentum always has a shot at carrying over, and sure enough, NADL is gapping in the premarket once again today.

The early high is in the 3.50’s, extending to total rise we’ve witnessed in less than 24 hours to roughly 100% and it puts us on alert once again today. We’ll be looking for higher highs and higher lows as usual as we watch this one play out.

Excellent Chatroom Calls

Every once in awhile we like to remind our readers on our website as well as our daily newsletter recipients that we conduct live trader’s chats via Skype on a daily basis, and any of our readers is more than welcome to participate. All you need to do to get in on the action is send a Skype contact request to username ‘stocksumo’. You can sit in and get ideas or offer up some of your own!

Yesterday, one of our chatters gave the room a heads up on Bravatek Solutions, Inc. BVTK shortly before 11AM, and the stock ultimately ran from .0002 to .0011, for an intraday pop of 540% on nearly two billion shares traded.

That brings us to another fantastic call, this time by our very own Stock Sumo, who brought American Leisure Holdings, Inc. AMLH to the attention of the room on March 27th, after which time there was plenty of opportunity to get in at .0003. The stock subsequently ran to a high of .007 two weeks (11 trading days) later, marking an enormous 2233% increase!

If these aren’t reasons to get involved with our daily trader’s chats, then we don’t know what is! There have been a multitude of super-subpenny runners over recent weeks, and these two are prime examples of why we continue to press the issue.

New Options Ideas

We don’t want to spend all of our focus on the stock side of things though, especially with our continued success with options trading, so we want to formulate a few ideas based on some things we’re seeing in the premarket.

Lululemon Athletica, Inc. LULU – We want to signal both some weekly and extended-range calls this morning on LULU, which has been making attempts at coming off of recent relative lows, with a massive gap on the chart to the upside. We could see this returning to fill at least a portion of that gap. We’ll have our eyes on the LULU Weekly $52-53.50 Calls as well as the 05/06 $55-57 Calls.

Delta Air Lines, Inc.DAL – We’re looking at DAL for a possible short-term play after its earnings beat this morning. Profits fell by a less-than-expected margin, while positive Q2 guidance was issued. Coupled with a major PR disaster for one of its main competitors this week, and we’re definitely interested in seeing if DAL can make an appreciable move. If it does, we’ll be looking at the DAL Weekly $45.50-47.50 Calls.

Extended Watchlist:
NBIX, BBRY, CEI, ADPT

Blue Horseshoe Stocks: Bottom-Bouncers & More

North Atlantic Drilling Ltd. NADL

We’ve got an array of potential bottom-bounce plays to go over this morning, the first of which is NADL. This stock has been getting beaten down incrementally since reaching a high of 4.80 in December. It’s been one selloff after another since then, culminating in a low of .65 during yesterday’s session.

We’re seeing a moderate gap-up this morning, and want to put NADL on our watchlist moving forward on the chance that a multi-day rebound is on the way.

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Catalyst BioSciences, Inc. CBIO

Next up on our bottom-bounce watchlist is CBIO, which is also gapping up off of a bottom in the premarket this morning with the help of a key press release, of which we’ll include a snippet below.

The stock recently made a massive run to the $18, so the potential for another major move is certainly present.

SOUTH SAN FRANCISCO, Calif., April 11, 2017 (GLOBE NEWSWIRE) — Catalyst Biosciences, Inc., (Nasdaq:CBIO) a clinical-stage biopharmaceutical company focused on developing novel medicines to address hematology indications, today announced that it has achieved a key milestone under its collaboration with ISU Abxis to advance the Factor IX program towards its first human clinical trial. Completion of the CB 2679d/ISU304 toxicology studies supported the recent Investigational New Drug (IND) approval by the Korean Ministry of Food and Drug Safety (MFDS) and triggered a milestone payment to Catalyst. (>>View Full PR)
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Sunshine Heart, Inc. SSH

We tagged SSH as a bottom play a week ago today on the 4th, and subsequently tracked it over a pretty nice run last week as it traded up from 1.67 and hit 2.25 (+35%). It pulled back to the low 1.70’s yesterday and appears to be gearing up for another possible move.

Just two months ago the stock was trading at more than $5/share, so we wanted to add a little reminder this morning that SSH could be line for an extended recovery that we’ll want to look out for in the day and weeks ahead.

Galectin Therapeutics, Inc. GALT

We were just mentioning yesterday morning the excellent move from GALT we had witnessed between first bringing it up in January and the present. The run, originating at a low of .935 had already reached just beyond the 200% level, and after a very nice intraday performance, our observed range was extended even further.

Trading up from a morning low to 2.75, the stock traded up 34% to reach 3.68. That pushed the overall percentage gain we’ve witnessed in GALT for 2017 to a highly respectable 294%

Extended Watchlist:
AMLH, SALE, GLBS, AKER, STAF

Blue Horseshoe Stocks: Super-Subpenny Movers & More

In Ovations Holdings, Inc. INOH

We talked about INOH in Friday’s premarket report, noting that the company had just come current on its filings.

We’ve been tracking a bunch of super-subpenny plays lately, which for one reason or another, have seen heightened activity over the past couple of weeks. We surmised that INOH could be the next link in that chain, and we weren’t disappointed.

The stock traded in a range from .00039 to .0006 on the day, an upswing of 54% on roughly three times the monthly average volume. We’ll want to continue to watch INOH for the recording of higher highs and higher lows as we kick off the trading week.

IDO Security, Inc. IDOI

Speaking of super-subpenny stocks, we put IDOI on our readers’ radars back on March 21st after seeing a pretty sizable uptick in price action and volatility just prior to that.

After a couple of weeks of trading sideways, IDOI once again saw a rush of activity flow into the stock and Friday’s session brought a chance at some very respectable intraday gains.

The stock traded up from .0003, cracking the super-sub/subpenny threshold and reaching a high of .0011 for a daily pop of 267% We’ll also continue to keep an eye on this one to see if it can carry some of that volatility over to this week.

Akari Therapeutics, Plc. AKTX

We tagged AKTX on Thursday, and saw a solid intraday performance as it ran from a low of 13.69 to 18.46, (+35%). We noted this in Friday morning’s report, and mentioned that we wanted to stay on its trail.

What we ended up seeing was a very similar move to the previous session as AKTX came down off of Thursday’s highs and executed a dip-and-rip pattern that caused it to retrace its steps, trading in a range from 13.50 to a new high of 18.80, an intraday move of 39%

Galectin Therapeutics, Inc. GALT

Speaking of new highs, we wanted to comment on GALT, which is a stock that we’ve been tracking pretty regularly since the beginning of this year as you can see with a quick view of the GALT tag on our blog.

Our observed low of .935 came a couple of weeks following our tag of the stock on January 12th, and for the most part, it has been a continual climb since then, reaching a new peak at 2.87 on Friday. It works out as a total move of 207% that we’ve seen from GALT in 2017.

Extended Watchlist:
NAKD, XGTI, SWFT, GERN, CETX,

Blue Horseshoe Stocks: KMX Options Update & More

CarMax, Inc. KMX – Options Idea

We formulated several targets in the KMX options chain yesterday morning in accordance with the solid earnings beat and premarket gap-up we were observing. We specified some medium and longer-term contracts with the KMX C$57.50 and $60 Calls, and the 05/19 $60-$65 Calls. We were more than pleased with the activity that ensued.

We’re usually pretty good with our targeting, and these ideas were no exception. Every single one of the contracts we mentioned provided traders with the chance for some very nice single-session gains.

04/21 $57.50 Calls – Range: .45-1.70 – Max Gain: 278%
04/21 $60 Calls – Range: .17-.75 – Max Gain: 341%

05/19 $60 Calls – Range: .68-1.54 – Max Gain: 126%
05/19 $62.50 Calls – Range: .28-.82- Max Gain: 193%
05/19 $65 Calls – Range: .11-.38 – Max Gain: 245%

With that kind of activity on the very first day, we’re definitely going to want to keep these plays in mind going forward. There may yet be more opportunities still to come.

Akari Therapeutics, Plc. AKTX

We tagged AKTX in yesterday morning’s extended watchlist and saw a very nice intraday performance. It traded in a daily range from a low of 13.69 to a high of 18.46, which represents a 35% spike on the day.

That move came on more than thirteen times the three-month average volume. On the whole, the activity in AKTX was extremely impressive, especially for a stock in its price range. The stock failed to maintain the majority of its daily advance, but we’ll remain interested provided it can register a higher base level of support to close out the week today.

In Ovations Holdings, Inc. INOH

We’re going to begin monitoring this super-subpenny stock after it just reappeared with its first filings in quite some time; two quarterlies and an annual report can be found at the company’s OTC Market filings page (>>View Filings). The filings bring the company current on its financial reporting.

We’ve seen a number of triple-zero stocks make exponential gains in recent weeks, and want to take a flyer on INOH on the outside chance that it could be the next rocket to leave the launchpad!

Extended Watchlist:
GBSN, CLNT, MNKD, SALT, SBLK, CBR,