Blue Horseshoe Stocks

Blue Horseshoe Stocks: Cannabis Updates, Options & More

OWC Pharmaceutical Research Corp. OWCP

We hardly need to tell our regular readers that we caught and alerted OWCP last Thursday at a low of .0045, because it has appeared in every single one of our premarket reports since then.

It’s rare to come across a multi-day runner of any duration, but one that continues for the span of an entire week without so much as a hiccup is really something special. Yesterday the stock parlayed its four-day head of steam into another great intraday run from .0261-.0468, a jump 79% That new high represented an overall five-session swing totaling 940%

Huge cheers go out to anyone who has participated in this epic run, which is part of the cannabis space, a sector that we’ve been tracking more closely as the landscape has been heating up. We’ll continue to track OWCP, not only for the potential of continued momentum, but for the eventual consolidation and subsequent bounceplay that’s sure to arise when that occurs.

Cannabis Pharmaceuticals, Inc. CNBX

Speaking of the cannabis space, another related play that appeared in yesterday’s report went on to have itself quite a nice single-session performance.

CNBX traded in a daily range from a low of .06 to .0819 on more than triple the monthly average volume, and closed at that high. That was good for a 37% move, and with the bullish close to consider, we’ll certainly want to keep a close eye on CNBX for the possibility of continued momentum.

Catalyst Pharmaceuticals, Inc. CPRX

We’d also like to take a minute to update readers on the performance of CPRX over the past couple of weeks, a stock that we tagged for observation back on September 16th. On that day we observed a low of .99, and CPRX hasn’t dipped below that point since.

Over the past couple of sessions, things have really ramped up, with the stock setting a new high of 1.58 yesterday, up 60% from our witnessed low. That occurred on the third highest traded volume in the stock’s history, and the highest number of shares traded in a single day since 2013.

Aurinia Pharmceuticals, Inc. AUPH

While we’re on the topic of pharma plays we’ve tagged recently that have taken off to new highs, we also have to make mention of AUPH. We placed this stock on watch in Monday morning‘s report, and the ensuing run has been solid enough to warrant continued observation.

From a low of 3.07, the stock traded up to 4.13 (+35%) on roughly four times the monthly average volume, and is gapping up this morning to around $5, extending that figure even higher.

Fresh Options Idea – Disney Co. DIS

We like the current setup of the DIS chart, and the chances for a long-term recovery, so we want to signal a range of extended term options calls to correspond with that.

We’re going to radar the DIS 11/11 $94-96 Calls and keep track over them in the weeks ahead. .

Extended Watchlist:
QTM, VNR, FRO, CERU, DRRX, CPS

Blue Horeseshoe Stocks: OWCP Breakout Continues & More

OWC Pharmaceutical Research Corp. OWCP

Throughout the week, and since we first alerted it on Thursday, OWCP has been the gift that keeps on giving. From that first session when it traded as low as .0045, the stock has made appreciable moves each day, and continued to provide intraday opportunities as well as a huge overall move to the upside.

Yesterday was no exception, as OWCP traded in a daily range from .014 to a new high of .03, a 114% intraday pop, and an overall increase of 566% from the low we observed on Thursday.

As pointed out in the following video presentation of the OWCP chart, we identify the current 50DMA of .018 as the ideal support level to hold on any forthcoming consolidations. At the very least, the stock will have to maintain its penny status and ultimately hold at a bare minimum of a .01 to maintain our attention.

Global Arena Holding Corp. GAHC

We’ve got GAHC which came up on our scanner this morning after giving off a strong bottom bounce signal yesterday as it ran from .0027 (just .0003 above current annual low) to .0036. We’re going to want to reserve it a spot on our watchlist in sessions ahead.

The current chart shows a number of indicators suggesting that GAHC could be set to make more moves to the upside, including a rapidly-strengthening RSI and a MACD pinching in for a bullish cross. If the stock were to make a run from current PPS levels to the 50DMA, we would be looking at gains of more than 65%

Extended Watchlist:
REN, GORO, CNBX, NUGN, NTNX, DEWM,

Blue Horseshoe Stocks: Cannabis Stocks Blazing & More

United Cannabis Corp. CNAB

CNAB was one of a pair of cannabis plays that we mentioned we’d be tracking toward the end of last week that ended up kicking this week’s trading off with great sessions. When we brought CNAB up in our premarket report on Thursday,

We followed up on Friday after the stock had made a 43% run from .28-.40, and asserted that we’d be on the lookout for CNAB as well as other plays in the pot sector to see increased activity in the weeks ahead. November is fast approaching, with several key cannabis initiatives coming up for a vote, including a recreational bill in California.

CNAB got off to a great start to the week today, by running from a low of .39 to a new high of .63. That worked out to an intraday move of 62%, and a total gain of 125% over our observed low from last week.

Our overall interest in the space has been ongoing from the fall of 2014, just prior to the first “Green Rush”, a historic period which saw countless stocks in the sector make exponential gains. With activity for many of these stocks picking up once again, we’ll be certain to watch plays like GRNH, ERBB, PHOT, TRTC, PZOO, and BLOZF more closely.

OWC Pharmaceutical Research Corp. OWCP

The other cannabis related stock that we’ve been hot on the trail of since Thursday is OWCP, and the stock has been pushing the envelope ever since.

Yesterday we were just mentioning the excellent gains it had already made from .0045 to .0111, and that we were anxious to see it continue its momentum, and it followed up with another great performance. From its daily low of .0109 OWCP went on to hit a new high of .0193, representing a daily rip of 77%, and a three-session overall increase of 329% over Thursday’s .0045 low.

Congratulations to any of our readers who caught a piece of the excellent action on OWCP. With the progress it’s already made, we’ll definitely be reserving a continued slot on our radar screens for this stock in sessions ahead.

Nova Lifestyle, Inc. NVFY

We also want to take a minute to point out a good catch we had in NVFY yesterday, which traded monster volume to the tune of roughly 20X the monthly average, and recorded a solid intraday push.

The stock traded in a range from 3.81-5.15, for a gain of 35% and held a good deal of that advance into the close at 5.08. We’ll continue to track this play and look for it to record another session of higher highs and higher lows, as it has done for the past six days straight.

Extended Watchlist:
MCOA, SGBY, CLDX, NADL, CNAT, OLLI, VKTX, LE

Blue Horseshoe Stocks: OWCP Recap & More

OWC Pharmaceutical Research Corp. OWCP

Despite seeing an excellent run-up from .0045 to .0074 (+64%) on Thursday as we called OWCP off of its bottom, we mentioned the indicators on the chart that were suggesting that another strong session could be in the cards on Friday.

We turned out to be exactly right, as the stock made a major push for the second straight session. This time it ran from a morning low of .00645 and cracked the penny barrier just prior to the close, hitting a high of .0111. That was a 72% intraday move,and from our observed low from the session prior, a two-day rip equaling 147%

The stock held at an even penny into the close, so we’ll be very interested to see if OWCP can become a multi-day runner and tack on a third straight solid session.

Praetorian Property, Inc. PRRE

We caught PRRE on a routine scan Friday morning after noticing some abnormal activity in the previous session. It was a good catch, because apart from a slow start on the day volume-wise, things really kicked into high gear around lunchtime.

PRRE traded in a daily range from a low of .151 to .38, which represented a fantastic intraday rip of 152%

Lands End, Inc. LE – Fresh Options Idea

After noticing the LE chart giving off a double-bottom signal, in addition to having a chart gap to the upside, and an extreme up-surge in its recent history, we’re interested in tracking a couple of options contracts over the next few weeks.

We’re going to watch closely for a reversal, and monitor the LE 10/21 $12.50 and $15 Calls. All of the chart factors mentioned above are clearly visible on the snapshot below. Regaining even half of the ground the stock has lost in recent sessions would send these contracts on a ride.

Extended Watchlist:
ANDR, AUPH, NVFY, JNS, VVUS, RVUE, QPRC, HWAL(Bottom-Bouncer)

Blue Horseshoe Stocks: Thursday’s Winning Calls & More

Notis Global, Inc. NGBL

NGBL is one of a handful of plays that we’ve been tracking this week to record yet another solid session yesterday. On Wednesday, brought the stock to our readers, while it was still trading in the super-subpenny range at a low of .0009.

The stock showed us a nice intraday run that day, and yesterday, registered another solid intraday upswing which carried it from .001-.0015 , a 50% move. As we stated yesterday, we’ll stay interested in NGBL as long as it continues to hold support above the previous session’s swing low as it did yesterday.

Oroplata Resources, Inc. ORRP

ORRP appeared in our premarket report on Monday, and on that morning we witnessed a low of .265. In an impressive multi-day run that saw the stock record higher highs and higher lows each and every day this week, ORRP managed to set a new high once again yesterday.

The top mark on the day was .698, which from our observed low of .265 represented a four-session rip of 163% With the kind of protracted momentum we’ve witnessed to this point, we’ll be certain to stay on ORRP’s trail.

United Cannabis Corp. CNAB

It’s been quite some time since a cannabis stock hit our radars, and CNAB broke the lull yesterday with a nice single-session move after we included it in our daily watchlist. The stock ran from .28-.40 on more than 3X its monthly average volume, marking a run of 43%

With elections fast approaching and marijuana being once again brought to the forefront as national attitudes toward its prohibition continue to shift to the negative, we’re going to be keeping a more keen lookout for potential plays in this arena. Perhaps most notably, California is set to make a decision on legalization for recreational purposes, a measure that is expected to pass if preliminary polling is to be believed.

OWC Pharmaceutical Research Corp. OWCP

We pointed out OWCP as a prime bottom-play opportunity yesterday morning, and our timing really couldn’t have been much better.

We saw a really nice jump out of the gate as the stock blazed a path from .0045 to .0074, a 64% intraday run, before holding in strong for a .007 close. The chart still appears very ripe for the possibility of further gains, with a rapidly strengthening RSI as well as a a bullish MACD cross in progress.

Fresh Options Ideas

With Costco beating on earnings post-market yesterday, and the chart having come down to a support level near its four-month lows, we want to signal a range of both weekly calls, as well as a couple that expire at the end of next week in the event that the heavily oversold stock is ready for a reversal as it appears it may be.

We’re going to zero in on COST Weekly $148-150 Calls for potential daytrades (Caution: Highly experienced traders only!) as well as the COST 10/07 $150 and 152.50 Calls.

Extended Watchlist:
HADV, CANL, DLPX, PRRE, GETH, OZM, LXK