Blue Horseshoe Stocks

Blue Horseshoe Stocks: CDNL Recap, Potential Bottom-Play & More

Cardinal Resources, Inc. CDNL

CDNL is a stock that we’ve had on our radar since last month, and over the past several sessions it has built itself a heck of a chart, registering higher lows on each of the past six trading days.

We reminded our readers of our interest in CDNL again this week, re-mentioning it on Tuesday, and in the three-session span since that reminder went out, we’ve seen a 146% swing from .0057-.014. Based on a number of factors, we feel that there could be something left in the tank for this play, and we will continue to track its progress provided it can maintain support at or above the current 50DMA of .008 on any upcoming consolidations.

As we’ve highlighted on the following snapshot, the RSI on CDNL just breached into the power zone, while the MACD is giving off a bullish signal as well.

Sarepta Therapeutics, Inc. SRPT – Options Idea

SRPT is gapping up in a big way this morning, and thus we’d like to formulate an options idea to possibly take advantage of the setup we’re seeing.

The stock has already traded as high as $34-range in the premarket, and if it can hold above the 50DMA which we’ve pointed out on the chart below and continue its ascent, we’re going to be very interested in the Weekly $32-35 Calls and their potential for big moves today.

*We always like to remind our subscribers, especially those that have just joined our ranks, of the inherently elevated risk/reward dynamic that comes with trading weekly options contracts on a Friday. As we’ve explained in the past, time-decay starts to become a big factor with expiration coming at the closing bell- premiums evaporate, volatility naturally increases, and some huge opportunities for quick-strike swing trades can present themselves.

Bon-Ton Stores, Inc. BONT – Extended-Term Bottom-Watch

We’ve had success with BONT in the past, and recently the stock has taken an epic pounding, culminating in a cliff-diving session yesterday. Whenever we spot activity like this, we go into vulture mode, carefully observing for a bounce signal. A correctly timed bottom here could result in a prime rebound play, so we’ll keep a keen watch over BONT today, and into next week.

Extended Watchlist:
BWMG, CHIT, CAPV, DBMM, IDTA,

Blue Horseshoe Stocks: Options, MHRC Updates & More

Magnum Hunter Resources, Inc. MHRC

We’ll kick things off this morning by updating everyone as to the status of MHRC, which we placed in Monday’s premarket report as a bottom-watch play. We really couldn’t have timed our alert any better, and after registering a low of .021 Monday, the stock has made continuous progression throughout the week.

Yesterday, after seeing a low of .0257, MHRC ran as high as .0337, marking an intraday move of 31% As measured from our observed low on Monday, yesterday’s high represents a three-session swing of 60%

We’ll continue to remain interested in MHRC in sessions to come provided it continues to establish higher lows as it has been doing. As we’ve pointed out on the following chart snapshot, a number of factors lead us to believe that upside potential remains high with this play. The stock was beaten back vigorously earlier this month, and there are even a couple of gaps to fill on the chart.

Options Updates

We’d now like to update our readers on our options ideas from Tuesday, which included targets in the WMT and HD chains- Yesterday we stated our belief that action in WMT and HD stocks could provide options traders with further opportunities for swing trades and as it happened, we were right.

Walmart-Stores Inc. WMT – For WMT the bullish run continued, and some of the contracts we were observing recorded substantial intraday moves. Possible gains ranged from the $58 Weekly Calls, which traded in a range from 1.81-3.06, allowing for gains of up to 69%, to the $60’s which ran from .26 to 1.16 for a huge 316% rip.

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The Home Depot, Inc HD executed a textbook dip-and-rip rallying into the close, and all of the contracts we originally signaled made big swings:

$123 Calls – Trading Range: 2.10-3.55 – Max Gain: 69%
$124 Calls – Trading Range: 1.30-2.55 – Max Gain: 96%
$125 Calls – Trading Range: .72-1.73 – Max Gain: 140%
$126 Calls – Trading Range: .33-.99 – Max Gain: 200%

Wednesday’s Other Notable Moves

In addition to the preceding plays, the following pair also made some solid intraday pushes after appearing in our morning report:

Axion Power International, Inc. AXPW turned in a nice intraday performance as it ran from a low of 1.10 to 1.60, for gains of up to 45% on nearly ten times its 30-day average volume.

Advanced Defense Technologies, Inc. ADCF ultimately ended taking a pounding into the close, but before that happened, it made a noteworthy pop straight out of the starting gate, running 39% from .0079 to .011.

Extended Watchlist:
BCCI, IDOI, JAMN, EFFI, NUVI, MARA

Blue Horseshoe Stocks: Recapping Tuesday’s Epic Session & More

Premier Biomedical, Inc. BIEI

First up this morning is a review of the eye-popping performance of BIEI so far this week. We included it in Monday’s premarket report and the stock ran 180% intraday from .003-.0084 during that session. After a strong close which we felt qualified it a prime momentum-play candidate, we reiterated our interest yesterday morning. BIEI rewarded us yet again!

From the previous day’s closing price of .0077, we witnessed the stock explode to a daily high of .0329, an excellent intraday move of 327% From Monday’s low of .003, the high represents a swing of 997% That puts BIEI just shy of ten-bagger status in a period of only two sessions!

Big cheers go out to any of our readers who were able to take advantage of this play.

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VIDEO RECAP:

We’ve prepared a video chart this morning to go over the stellar performance of not only BIEI, but also a couple of other stocks that have recently appeared in our reports that had some nice moves of their own. Lithium Exploration group Inc. LEXG (.096-.19, +98%) and Pleasant Kids, Inc. PLKD (.12-.185, +54%) had both already provided us with huge opportunities heading into yesterday, and both added to those performances in a big way. View this quick video for the full breakdown:

Options Recap

We formulated some options ideas to include in yesterday’s report, and as has become a regular occurrence for us in the options-trading arena, they all went absolutely haywire!

Walmart-Stores Inc. WMT and The Home Depot, Inc HD,were both running on earnings in the premarket and as a result, we called out our interest in WMT Weekly $58-60 Calls and HD Weekly $123-126 Calls. It wouldn’t have mattered which strike prices were chosen by traders, big profits were possible in every single case:

WMT Weeklies
$58 Calls – Trading Range: 1.43-2.90 – Max Gain: 113%
$58.50 Calls – Trading Range: 1.06-2.41 – Max Gain: 127%
$59 Calls – Trading Range: .70-1.96 – Max Gain: 180%
$59.50 Calls – Trading Range: .45-1.50 – Max Gain: 233%
$60 Calls – Trading Range: .25-1.08 – Max Gain: 332%

HD Weeklies
$123 Calls – Trading Range: 1.20-3.36 – Max Gain: 180%
$124 Calls – Trading Range: .82-2.56 – Max Gain: 212%
$125 Calls – Trading Range: .46-1.78 – Max Gain: 287%
$126 Calls – Trading Range: .25-1.05 – Max Gain: 320%

It wasn’t our first spot-on set of options calls that led to chances for epic profits, and you can rest assured that it won’t be our last. For now, both of these options chains could provide us with even further opportunities, although we may need to look at rolling our strike prices up to stay close to the money. Especially in the case of HD, the $127 and possibly $128 Calls may see heavy action; the stock is gapping up again this morning as sector rival Lowes beat on earnings today as well.

Extended Watchlist:
ACTL, ADCF, AXPW, CDII, MARA, MHRC, PTRA

Blue Horseshoe Stocks: Fresh Options Ideas & More

Premier Biomedical, Inc. BIEI

The big standout from the group of plays that we posted for tracking in yesterday’s premarket report turned out to be BIEI, a stock that we’ve had on our radars since the end of last month. During a period where stocks have been uncharacteristically sluggish, we’ve still been managing to identify some prime movers.

After word circulated about the company obtaining patent rights to an interesting method of disease treatment, the stock began to run from an early low of .003, and hitting a high of .0084 well into the afternoon. Not only did this 180% intraday burst happen over a period several hours, giving plenty of folks the chance to get in on the action, but a majority of the daily advances were held into a strong close at .0077.

Trading volume was heightened as well, with the stock trading more than eighteen times the three-month running average. Based on that activity we’d classify BIEI as a momentum play, thus it will remain on watch. The stock will need to maintain support at Friday’s swing high of .004 on any pullbacks in order to hold our attention.

Fresh Options Ideas

After the rousing success of Friday’s epic options plays which yielded multiple chances at gains ranging from 230% to more than 990%, we think it’s about time that we formulate some new ideas to fit present conditions.

We’ve got a couple of early runners in Walmart-Stores Inc. WMT and The Home Depot, Inc HD, both of which are gapping up considerably in the premarket on the strength of Q3 earning beats. We’ve done exceptionally well playing the dip-and-rip on plays like these, and with the markets in general experiencing a rally this morning, we like our chances of seeing some notable intraday moves out of contracts in the following ranges.

Walmart-Stores Inc. WMT Weekly $58-60 Calls

Home Depot HD Weekly $123-126 Calls

Extended Watchlist:
CDNL, BCCI, EFUT

Blue Horseshoe Stocks: Big Options Winners & More

Friday Recap: Huge Options Success

Even during such times when big stock gainers are difficult to come by, we’ve managed to balance the scales with some excellent options ideas. It hasn’t been just a few either, a fact to which our regular readers can surely attest. It’s been one great idea after another, and Friday’s premarket report included still more premium chances for big intraday profits!

Our specific targets were UVXY Weekly $33-35 Calls, and SPY Weekly 205-203.50 Puts and there were no contracts within the specified ranges that didnt make an appreciable move during the session. The epic moves were as follows:

Pro-Shares Ultra VIX Short-Term Futures (UVXY) Calls
$33 Calls – Trading Range: 1.01-4.70 – Max Gain: 365%
$33.50 Calls – Trading Range: .80-4.13 – Max Gain: 416%
$34 Calls – Trading Range: .59-3.70 – Max Gain: 527%
$34.50 Calls – Trading Range: .45-2.82 – Max Gain: 526%
$35 Calls – Trading Range: .26-2.85 – Max Gain: 996%

SPDR S&P 500 ETF (SPY) Puts
$205 Puts – Trading Range: .78-2.63 – Max Gain: 237%
$204.50 Puts – Trading Range: .54-2.17 – Max Gain: 302%
$204 Puts – Trading Range: .33-1.60 – Max Gain: 385%
$203.50 Puts – Trading Range: .20-1.17 – Max Gain: 485%

Big cheers go out to any of our readers who were with us on these monstrously successful calls (and puts) on Friday! As we said, most of the options ideas we’ve been formulating have been home runs, and these plays were no different.

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As a bonus idea, we included a flag of the FitBit, Inc. FIT Weekly $30 and 29 Puts, and some stellar gains were possible there as well:

$30 Puts – Trading Range: 1.00-2.80 – Max Gain: 180%
$29 Puts – Trading Range: .54-2.17 – Max Gain: 302%

Bottom-Watch Plays

Magnum Hunter Resources Corp. MHRC

We’re going to signal our interest in MHRC as a potential bottom-play this morning, and a quick viewing of the chart will show why. The stock has been beaten senseless in recent sessions, and is well into what we’d characterize as heavily oversold territory. It has managed to register higher lows in each of the past three sessions, so we’ll be watching for a continuation of that trend up off of the recently recorded 52-week low.

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SunEdison, Inc. SUNE

We’ve had our eye on SUNE as the apparently undervalued stock was searching for a bottom. We were looking for solid signs that it had found that bottom and was readying for a rebound, and over the past couple of sessions, we’ve seen the signals we were after. We’re going to officially place this one on watch as we kick off a new week, as we feel the stock to be grossly undervalued at the current PPS.

Trader’s Chat Winner

We also want to give a quick shout-out to DJ from our live trader’s chat* on Friday, who called out the NFLX $105 Puts which subsequently ran from .25-1.63 (+552%). Cheers, DJ!

*Remember, any of our valued readers has to do to get in on our daily trader’s chats, is log into (or create) your Skype account and send a contact request to ‘stocksumo’. We’d be happy to allow any interested parties to participate!

Extended Watchlist:
BIEL, BIEI, GLDG, EURI