Blue Horseshoe Stocks

Blue Horseshoe Stocks: OCRX Recap, Options & More

Ocera Therapeutics, Inc. OCRX

We noticed OCRX gapping up off of its bottom yesterday in the premarket, relaying that fact along to our readers in our morning report. The stock had a major gap to fill to the upside leading into yesterday’s session which we pointed out with a chart snapshot, and the excellent intraday run that ensued made some good headway in terms of filling a portion of that gap.

The stock traded in a range from .77 to 1.15 yesterday, for an intraday rise amounting to 49% and did so on immense volume to the tune of roughly 15X the 30-day average.

This morning in premarket trading we’re seeing another gap-up, trading as high as 1.37 so far. We’ll need to keep our eyes peeled right from the starting gun this morning as another bullish session could be forthcoming. We’re going to want to see yesterday’s closing value of 1.10 hold as support on any pullbacks in order to sustain our immediate interest.

e.l.f Beauty, Inc. ELF – Options Idea

We caught ELF on the heels of a strong earnings report wherein healthy beats on both earnings and revenues were announced. The stock is gapping up in premarket trading today, having breached the $30-mark with an early high of 30.99.

We always like a good post-earnings options idea so we’re going to formulate one that we can follow for the remainder of this week and into the next. We will be tracking the three sets of contracts in the range of ELF 03/17 $25-35 Calls over the next few sessions for potential quick strike trades.

Northern Dynasty Minerals. Ltd. NAK

We highlighted NAK in yesterday’s watchlist after noticing the stock had been trending steadily downward toward its 200DMA. We banked on the hunch that it would find support around that area, and were essentially spot-on in assuming a reversal was in the cards.

The stock underwent a classic dip-and-rip pattern, trading in a range from 1.08-1.34 for a modest intraday upswing of 24% While it didn’t blow our socks off on the first day, we still believe that serious upside potential exists for NAK from its current standing. All indicators are pointing to the strong possibility of this stock returning to the 2.00-level or better in the near future.

Additionally, a hike in the federal interest rates, which many expect as soon as this month, could have a positive impact on precious metal plays like this one, so it will be interesting to see what lays in store for NAK.

Extended Watchlist:
APRI, EYES, HUSA, SMTC, XTNT, VVUS

Blue Horseshoe Stocks: TXHD, AUPH Recaps & More

Textmunication Holdings, Inc. TXHD

We included TXHD in yesterday’s extended watchlist after picking it up on a routine premarket volume scan, and we ended up being extremely happy we did so, with the stock making the top gains out of anything else we mentioned for the day.

Right from the opening bell, it blasted off from a low of .0042 and rocketed to a high of .0094, giving nimble traders the chance at intraday gains of up to 124%

TXHD closed at .0075 having traded massive volume, maintaining a good portion of the ground it gained during the day, so we’ll be eager to continue tracking its movements.

InterCloud Systems, Inc. ICLD

We remained hot on the trail of ICLD after issuing reminders in our reports on Thursday and Fridays that it had begun to rebound off of its 52-week lows.

Thursday we had witnessed a low of .0157, and in yesterday’s newsletter we commented on the rapidly rising RSI and strong close, and sure enough, the stock continued its solid run-up on the chart.

ICLD traded in a range from .0221 to .0324, a 47% intraday boost, and an overall increase of 106% over our observed low from three sessions prior.

Aurinia Pharmceuticals, Inc. AUPH

The last time we put a tag on AUPH was at the end of January, and at the time, the stock was trading around $3, briefly touching a low of 2.95.

What occurred during the month of February was a slow and steady increase peaking at just under $4, but as we’ve come into March, the PPS has been ramping up much more intensely.

Yesterday, AUPH broke out to a new high of 7.32, which marks an overall upswing of 148% in the span of roughly five weeks.

Bottom-Watchers

Both Function(x) Inc. FNCX and Ocera Therapeutics, Inc. OCRX are going to be on our radars as potential rebound plays. FNCX has a excellent looking , ripening chart, and OCRX is gapping up off its own bottom this morning.

Each of these NASDAQ-listed stocks are required to work toward getting their share prices back above the 1.00 minimum standard, or face de-listing.

Extended Watchlist:
ABEO, CVM, RXII, NAK, HTBX, MYSZ

Blue Horseshoe Stocks: ICLD Recap, Options & More

InterCloud Systems, Inc. ICLD

On Friday we noted that ICLD had rebounded off of its 52-week lows, and directed our readers to pay close attention over ensuing sessions, as the volume had really been ramping up significantly.

This was after tagging the play in our extended watchlist on Thursday We watched as the stock traded as low as .0157 that day and began to gain ground. Yesterday ICLD turned in another strong session to start the week, achieving a new high of .0245. That represents a three-session swing of 56% for this play since we’ve been closely tracking it.

We’ll continue to have ICLD on watch as it both breached through, and closed above its 50DMA yesterday, and its strength index is rising rapidly.

Dish Network Corp. DISH – Options Idea

Standard & Poors revealed late yesterday, that DISH would be added to the S&P500, and this morning, the stock is gapping up moderately in the premarket to the tune of 5%

We want to be standing at the ready with a solid options play, should the bullish activity carry over into today’s session, so we’re going to identify the DISH Weekly $63-65 Calls as targets for potential intraday/intraweek flip opportunities.

Extended Watchlist:
DRYS, WFT, MOMO, MYSZ, PBR, AF, TXHD, PPHM

Blue Horseshoe Stocks: BURL Recap & More

Burlington Stores, Inc. BURL – Options Update

Our first order of business this morning will be to go back to the options idea we signaled for the BURL chain on Thursday morning, the BURL 03/17 $85-95 Calls. We reported the solid gains that the strong earnings report allowed us on that first day in Friday’s morning report, and today we’ll have to follow up once again to relay the added opportunities we saw to close out the week.

We did caution on Friday that based on premarket activity, our ranges could be extended considerably, and that’s exactly what happened. The updates ranges showing the total moves we seen over a two session span are as follows:

$85 Calls – Range: 5.60-11.13 – Max Gain: 99%
$90 Calls – Range: 2.50-7.35 – Max Gain: 194%
$95 Calls – Range: .71-3.50 – Max Gain: 392%

Galectin Therapeutics, Inc. GALT

GALT is a stock that we began tracking earlier in 2017, including it in our report on January 17th. Shortly following that alert, the stock saw a low of .935 and it hasn’t looked back since.

We followed up with an update of GALT on February 10th, at which time we had seen a relatively modest range of .935 to 1.29 (+38%). We noted that the gains would be “sustainable if GALT can manage to crack past the current 200DMA” (then at 1.32).

That did happen, and on the 15th we posted another followup stating “One more bullish push will get us into double-bagger territory for this idea, and the stock may well make a run into the 2.00-range.” Our assumptions proved spot-on again, as one week later, the stock went on to hit a high of 2.21, representing a total move up from our observed low of .935 amounting to 136%

Once again GALT is heading to highs, this morning trading as high as 2.30 in the premarket on the heels of some positive clinical trial data (>>View PR). We’re going to want to be paying attention to its activity as we open up another trading week, as expectations of extended gains once again do not seem unreasonable.

Extended Watchlist:
RNVA, CXRX, PTCT, CCTL, CXRX, PIP

Blue Horseshoe Stocks: Welcoming New Readers & More

Welcome, New Readers!

We’ve had a sizable influx of new subscribers join our ranks in the past several days, so we wanted to take a minute this morning to officially greet our new readers! We’re glad you decided to join up to get our heads-up ideas on everything from stocks, to ETFs, to options! 2017 has started off as another great year for us, and we only expect it to get better!

Feel free to reply to any of our reports with questions (or ideas of your own), and if you enjoy our daily newsletter, by all means, share us with a friend! Also, remember that you can view daily reports, and access archives of the last 7 years of those reports on BlueHorseshoeStocks.com!

We also conduct real-time daily traders chats that are open to any of our subscribers, and that includes you! Simply send a Skype contact request to username ‘stocksumo’ with ‘traders chat’ in the note and after a quick introductory chat, we’ll add you right away!

Burlington Stores, Inc. BURL – Options Update

We reported our interest in tracking some BURL options in the wake of a strong earnings report yesterday morning, and signaled the BURL 03/17 $85-95 Calls. Just as we suspected, the boost of momentum from that earnings beat provided the fuel for those contracts to put up some impressive performances on the day.

The possible gains so far, which could be augmented today with another bullish move, were as follows:

$85 Calls – Range: 5.60-10.00 – Max Gain: 79%
$90 Calls – Range: 2.50-5.20 – Max Gain: 1084%
$95 Calls – Range: .71-1.93 – Max Gain: 172%

InterCloud Systems, Inc. ICLD

We also want to continue keeping an eye on ICLD, in which volume has been exploding over the past couple sessions as the stock has rebounded off of its 52-week lows.

The stock traded in a relatively modest range from .0157 to .02 (+27%) yesterday, but closed with strength. Especially with the enormous flow of volume at the present time, we’re definitely interested in tracking ICLD’s movements over the next several sessions.

Fresh Options Ideas:

Big Lots, Inc. BIG – Big Lots had a mixed bag earnings report today, missing estimates on sales, but beating on profits. Still, it appears as if BIG could be gearing up for a decent run, so we’re going to highlight a range of options to track- the BIG 03/17 $52.50-57.50 Calls.

Caterpillar, Inc. CAT – On a bearish note, things got ugly for Caterpillar yesterday as multiple federal agencies participated in a massive raid of its offices in relation to a years-long IRS investigation into a billion dollar tax discrepancy. CAT stock took a massive gut punch, and could continue to see hardship as more details of the investigation and possible consequences become available. We’ll be tracking the CAT 04/07 $88-85 Puts, which could fare extremely well if it comes down to fill a gap on its chart which we’ve pointed out below.

Extended Watchlist:
BBRD, HGGG, RGBP, USRM, MKAU, BIOS, GNC