Blue Horseshoe Stocks

Blue Horseshoe Stocks: WOLV Video Chart, Options & More

Wolverine Technologies Corp. WOLV

We want to place WOLV on watch this morning for a couple of reasons. Apart from coming off of a recent support level and showing some bottom-bounce activity, we also like the involvement of David Chalk, formerly of the TV show, Tech Talk with David Chalk.

David recently signed a purchase agreement with the company, with plans for him to come on board as a tech consultant once the transaction is completed, so someone of his notoriety putting skin in the game on WOLV definitely gets our attention. And, as we said, the stock is also interesting from a technical standpoint.

View the following video presentation of the chart going over what makes WOLV an attractive play at the moment:

Solid Picks From Yesterday

We had a couple of the stock ideas from yesterday morning’s premarket report pan out for some good intraday moves:

Worlds, Inc. WDDD – Trading Range: .017-.029 – Gain: 71%

MarilynJean Interactive, Inc. MJMI – Trading Range: .205-.255 – Gain: 24%

Added Note: We’ve been tracking Intermolecular, Inc. IMI since Wednesday and it has made small increases, reaching higher highs each day. We want to continue to watch this multi-day mover.

Macy’s Inc. M – Options Update

We reminded our readers yesterday of just how adept we’ve become at spotting prime options trading opportunities on the heels of impressive earnings calls, and Macy’s was ultimately a fantastic target for us in that regard.

We specified a target range that included seven sets of contracts, and multi-bag single-session moves were made by every single one of them! Our selections, the M Weekly $36.50-39.50 Calls, turned out the following gains on the day:

$36.50 Calls – Range: 1.81-3.76 – Max Gain: 108%
$37 Calls – Range: 1.55-3.30 – Max Gain: 113%
$37.50 Calls – Range: 1.23-2.61 – Max Gain: 112%
$38 Calls – Range: .74-2.35 – Max Gain: 218%
$38.50 Calls – Range: .25-1.55 – Max Gain: 520%
$39 Calls – Range: .26-1.40 – Max Gain: 438%
$39.50 Calls – Range: .18-.97 – Max Gain: 439%

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Fresh Options Ideas:

We also want to keep a close eye on a couple of other earnings-related plays. Both JC Penny’s (JCP) and Nordstrom’s (JWN) have beaten expectations on the Street, so we’re going to have some ideas standing at the ready for each of them:

JCP 08/19 $9.50-10.50 Calls

JWN 08/19 $50-55 Calls

Extended Watchlist:
DFSH, SNWV, TREP, WTII, ALJ, GBR

Blue Horseshoe Stocks: MINE Recap, M Options & More

Minerco, Inc. MINE

MINE was one of a pair of plays we tagged for observation in yesterday morning’s premarket report that offered up the chance at some nice single-session gains.

The stock traded in a range from its early morning low of .008 and essentially spent the entirety of the session trending up. It led to a high of .012 shortly before the closing above its 50DMA, and it marked a solid intraday pop of 50% The move came on nearly 8 times the monthly average volume as well, so we’ll be on the lookout for further activity from MINE.

A key area of resistance will be the stock’s previous swing high of .014 from late June.

Eline Entertainment Group, Inc. EEGI

The other mover from yesterday’s watchlist was EEGI. This subpenny has a track record of volatility, and it played to our favor quite nicely with a respectable intraday run.

From a low of .0011 it reached as high as .0015, a 36% move on slightly greater-than-average volume. The stock tends to bounce around freely within the .0005-.002 range, so we may look to catch this one on a future dip-and-rip, which the chart history seems to suggest is a strong possibility.

Macy’s Inc. M – Options

Macy’s is fresh off of a big beat on earnings and is gapping up big in the premarket. As always when we run across this type of situation, we want to signal a range of options calls to correspond with the forthcoming activity. The sheer number of times we’ve reaped rewards from earnings-fueled options trades is getting too high to count. We’ve actually done so with Macy’s itself on multiple occasions.

The target range we’re going to zero in on is the M Weekly $36.50-39.50 Calls, for potential daytrades and possibly even swing trades into tomorrow’s session, depending on this afternoon’s activity.

Extended Watchlist:
KEGX, WDDD, IMI, WAC, SPWR, GSV, NYMX(Potential Bottom-Bouncer)

Blue Horseshoe Stocks: Options, Bottom-Plays & More

MarilynJean Interactive, Inc. MJMI

We want to circle back around to a play we tagged for observation last week. MJMI has been making a good deal of progress, showing upward momentum over the past couple of sessions.

Subsequent to our mention of the stock we took note of a .091 low (Friday), and after a couple days on the upswing, MJMI reached a high of .216 yesterday afternoon. It represents a three session-swing amounting to 137%

We’ll want to see the stock maintain support at or above the 50DMA at .16 on any pullbacks in order to remain interested.

Potential Momentum Plays

Each of the following stocks represents the possibility for continued momentum coming into this morning’s sessions. Both closed just a shade under their respective highs-of-day, and will be placed on watch as we cruise through midweek.

CollabRx, Inc. RNVA – We’re no strangers to this stock, which is in the midst of filling a sizable gap on the chart that presently runs from current PPS levels in the mid-to-upper .30’s, on up to around .47.

Yesterday RNVA hit a high of .39 before closing just below at .37. We’re looking for the stock to produce its fourth consecutive session of higher highs and higher lows today.
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Intermolecular, Inc. IMI – IMI is new to our reports this morning, and qualifies as both a bottom-bouncer as well as a potential momo-play. It also ended up closing with strength, just a hair shy of its daily high yesterday.

It comes less than a week removed from a big PPS dropoff, so we’ll be on the lookout for the stock to continue this rebound and regain some of the ground it has lost over the past week or so.

Tempur Sealy International, Inc. TPX – Options Update

We also want to provide a quick update on the TPX longer-term options idea that we’ve been tracking for over a week now. We were initially interested in the TPX 08/19 $70-80 Calls. The $70’s have since been pushed too deep in the money, but over the past week both the $75’s and $80’s have performed quite well:

$75 Calls – Range: 1.91-4.50 – Max Gain: 135%
$80 Calls – Range: .38-1.35 – Max Gain: 255%

We’ll continue to track these plays leading into their expiration next Friday.

Extended Watchlist:
ECPN, MINE, EEGI, ASPS, PLG, JD

Blue Horseshoe Stocks: SGBY Recap, BBRG & More

Signal Bay, Inc. SGBY

SGBY was a solid call from yesterday morning’s premarket report, as the stock continued a run that began on Thursday, and continued to go strong. We watched as SGBY traded in a daily range from .003 on up to .0042, for a very respectable intraday run of 40%

We’ll look for the stock to set a higher low today, maintaining a level greater than yesterday’s swing low, and the next key area of resistance is sitting at .0052.

Viper Energy Partners LP VNOM – Options Update

We tagged VNOM for observation on Friday, along with a corresponding options trading idea. Our interests were the 09/16 $15 and $17.50 Calls, and while the $15’s didn’t see appreciable levels of volume, the 17.50’s have made quite a nice move over the preceding two sessions.

From a low of .15, the $17.50 Calls have reached .45, for a nice, round, 200% pop over that two-session span.

VNOM will be trying for its sixth straight trading day posting higher highs and higher lows today, and with several weeks remaining until the expiration of those contracts, we’ll be interested in tracking this play further in sessions to come.

Bravo Brio Restaurant Group, Inc. BBRG

We want to highlight BBRG this morning as a potential bottom-bouncer. This stock fell off an absolute cliff a few sessions back following a disappointing Q2 earnings report, and after settling into a new 52-week low on Friday, appears to have begun showing some bounce activity.

We always tag plays like these when we run across them, as they have often turned into solid recovery plays for us in the past.

Extended Watchlist:
CDII, FMYR, PGUS, WPRT, UEC, MWW,

Blue Horseshoe Stocks: Options Recap, New Ideas

Time Warner, Inc. TWX– Options Update

Despite already having provided us with multi-bag gain chances in previous sessions, the TWX Weekly $77-79 Calls that we signaled on Wednesday, once again made stellar runs on Friday. The figures even surpassed the prior moves we’d witnessed.

The single-session profits that were available were as follows:

$77 Calls – Range: .91-2.61 – Max Gain: 187%
$77.50 Calls – Range: .42-1.59 – Max Gain: 279%
$78 Calls – Range: .26-1.20 – Max Gain: 362%
$78.50 Calls – Range: .10-.75 – Max Gain: 650%
$79 Calls – Range: .03-.29 – Max Gain: 867%

Box Ships, Inc. TEUFF

TEUFF is another play that we brought into the mix in our premarket report on Wednesday, and the stock responded with three straight sessions of setting new highs.

Friday saw the stock trading in a range from a low of .032 to the new high of .0438, representing an intraday rip of 37% From our observed low of TEUFF at .018 on Wednesday following our initial alert, that works out to a three-session upswing of 143%

That makes the sixth straight session of higher highs and higher lows for TEUFF, and as we stated on Friday morning, we’ll remain interested for as long as that pattern is maintained.

Terra Tech Corp. TRTC

We’ve tracked TRTC quite a bit over the years as one of our favorite plays in the cannabis sector. Having appeared in our articles over 30 times since 2012, TRTC started appearing in our reports again this year in January, April and May as we tracked it over a monumental 4-month-long run from .115 (01/13) to nearly .75; a mind numbing move approaching 550%

More recently, on August 1st we re-alerted TRTC, and in the past week its begun another nice move up from a low of .389 to Friday’s high of .4875; a notable 25% move. If TRTC can hold support off of the 50DMA (.34) on any pullbacks, it will continue to hold our interest going forward.

QVC Group QVCA – Options Idea

We’re always on the lookout to take advantage of a stock that’s seen a rapid decrease in PPS, and QVCA fits that bill perfectly. On the heels of a mixed earnings release, as well as some shaky investor sentiment regarding the retail space, QVCA fell off of a cliff on Friday, setting a new annual low.

As a result, we’re going to track a couple of sets of longer-term ideas to leverage an eventual recovery for the stock to our advantage. We’ll be monitoring a ranges of contracts with differing expiration dates to give ourselves the nbest chance to seek out a winner. Our targets are going to be the QVCA 09/16 and 10/21 $21-23 Calls.

Extended Watchlist:
SGBY, RCPI, ON, PAH, RESI, VNOM