Blue Horseshoe Stocks

Blue Horseshoe Stocks: New Options Ideas & More

Bon-Ton Stores, Inc. BONT

The markets as a whole have been beaten back this week, but in some cases, that can provide opportunities for stock bargains. One potential candidate that we’re going radar today is BONT, for numerous reasons.

First of which, the stock has just recorded a new 52-week low on the heels of some marginally disappointing Q2 figures, and all of our regular readers are quite aware of our affinity for a good recovery play. BONT also has a relatively low market cap for a company with its assets and revenues, thus it currently has the appearance of being undervalued in our opinion
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Lastly we are heading into retail season, a time when department stores such as Bon-Ton generally experience increased sales, with school shopping in full swing and the holidays rapidly approaching. This and other retail stocks have traditionally been a boon to us as fall approaches, often offering a reprieve from the dog days of summer.

Direxion Daily Jr Gld Mnrs Bull (JNUG)

When the markets undergo the kind of distress we’ve been experiencing recently, many investors seek shelter in precious metals. We’ve turned to JNUG in the past in situations like these, so we’re going to be monitoring this fund for as long as stocks continue to struggle.

We’ve formulated the following options ideas for the JNUG chain:

To take advantage of the possibility of a protracted rebound, we’re going track the JNUG Weekly $12-13 Calls for chances at intraday flip opportunities, and in the event of a continued uptrend, we’ll flag the 08/28 $12-13 Calls for a longer-term idea.

Deere & Co. DE

On decreased Q4 guidance and a 40% drop in quarterly profits, DE is taking a pounding in premarket trading today. The stock is trending below the 200DMA of 89.54, having gone as low as 85.72. If the stock doesn’t manage to rebound above to that 200DMA, we’ll look for it to continue its tumble. As a related options idea, we’re going to tag DE 09/04 $87-84 Puts for observation.

Extended Watchlist:
BTU(Momentum), COSI(Bottom-Watch)

Blue Horseshoe Stocks: Bottom-Watch Plays & More

Soligenix, Inc. SNGX

Catching our eye off of the scanner this morning is SNGX. The stock has recently made its way toward oversold territory, is trading at a relative bottom, and we’re noticing a positive funding-related PR hitting the wires today, so we’re going to designate this as a fresh news bottom-watch play.

As you can see on the snapshot of the chart below, the past couple of sessions have seen higher lows registered off of that bottom, so we’ll look for SNGX to continue that trend, possibly with the aid of this morning’s PR. The first area of resistance it needs to contend with en route to its moving averages will be a previous support level from May (1.36), so that will be the first benchmark we’d like to see broken once a rebound begins to occur. .

PRINCETON, N.J., Aug. 19, 2015 /PRNewswire/ — Soligenix, Inc. (SNGX) (Soligenix or the Company), a late-stage biopharmaceutical company developing products that address unmet medical needs in the areas of inflammation, oncology and biodefense, announced today that the National Institute of Allergy and Infectious Diseases (NIAID) has exercised its option to advance the development of Soligenix’s heat stabilized ricin toxin vaccine, RiVax™ >> FULL PR

Cannabis Science, Inc. CBIS

We tagged CBIS in yesterday’s premarket report in time to catch a nice intraday move out of the stock. We suspected that the momentum generated by some big news the day before could carry over into yesterday’s session, and that’s just what happened.

The stock ran from a daily low of .0349 to a high of .048, a respectable 38% jump which occurred on volume of roughly 8X the monthly average.

Corbus Pharmaceutical Holdings, Inc. CRBP – Chatroom Call

We also want to take the opportunity to highlight a call made by one of our daily traders chatroom* members. Well in advance of the opening bell ‘GTRudeBoy’ directed the room to watch CRBP, and it resulted in a nice chance for all to profit.

The stock opened at 2.80 and dipped to 2.57 before rallying to its high of 4.22; that’s an intraday move of 64% Cheers go out to ‘GTRudeBoy’ for alerting everyone to the interesting premarket activity.

*This serves as yet another great example of why we run our daily chats. We are stronger together! That’s why we routinely encourage any of our readers who’d like to get involved with our traders chats, simply send a Skype contact request to username stocksumo with “Traders Chat” in the special note. We’d be happy to have you join the fun!

Extended Watchlist:
AURI(Share reduction news)
NTAP ($31.50-32.50 Weekly Calls)
BWLD(Sept.18 $200 Calls)
CJES, ABUS(Annual Lows, Both on Bottom-Watch)

Blue Horseshoe Stocks: OMER Review & More

Omeros Corp. OMER

We had a nice intraday mover in OMER yesterday after we caught the stock gapping up in early trading. Tagging it for observation in our premarket report was definitely a good move as the stock ran straight out of the gate from a low 22.51, and reached as high as 30.21 shortly after 11AM.

That’s an intraday increase of 34% which, for a stock in this price range, is quite impressive. If any of our readers were able to take advantage of the stock’s exceptional daily performance following our alert, we salute you!

Tesla Motors, Inc. TSLA – Options Update

We reminded our subscribers yesterday of the options idea we formulated on Monday for TSLA Weekly $250-265 Calls, highlighting some of the early gains we saw out of contracts in the low end of the range. We also reiterated our interest in tracking the action in that range consistently over the course of the week.

It was a good thing that we did, because TSLA responded in kind, surging past the $260-mark toward the end of the session. As expected, that move was accompanied by some heavy activity within our specified range. Here’s a breakdown of some of the top profit possibilities:

$260 Calls – Range: 1.60-4.20 – Max Gain: 163%
$262.50 Calls – Range: 1.09-2.94 – Max Gain: 170%
$265 Calls – Range: .69-1.97 – Max Gain: 186%

Ascent Solar Technologies, Inc. ASTI – Bottom Watch

We’ve taken notice of ASTI this midweek as the stock has been on an absolute backslide for an extended period. One peek at the following snapshot reveals a heavily oversold chart. We’re going to put ASTI on bottom-watch, because when a rebound does occur, it could be very significant.

Cannabis Science, Inc CBIS

It’s been quite a long time since we checked in with CBIS. We’re making note of the stock this morning on the heels of a big PR yesterday with sent it into overdrive. We’ll be on the lookout for a possible continuation of momentum into today’s session.

Blue Horseshoe Stocks: NUGN Recap & More

NuGene International, Inc. NUGN

We came back to NUGN just in the nick of time yesterday, to start the week off on a high note. We identified the stock’s finding of support on Friday after a recent backslide, and pointed out the significance of yesterday’s PR. We postulated that the concurrence of those events could lead to a rebound on the chart, and the stock followed our expectations to the letter.

From a low of 1.66, the it traded up to a high-of-day at 2.30; that’s an intraday pop of 39% We’ll be in the lookout for a protracted rebound out of NUGN as it attempts to regain the considerable amount of ground that it’s lost over the past month. We’ll want to see the stock maintain support at or above last Wednesday’s swing-low of 1.92 on any pullbacks in order for us to remain interested.

Pazoo, Inc. PZOO

Speaking of coming back to familiar stocks at an opportune time; we want to turn our attention back to PZOO this morning. In addition to releasing a PR containing information about the early success of wholly-owned subsidiary CannabisKing’s ‘Accuvape’ line (PR Below), the chart has reached a point where a rebound appears imminent.

As we’ve pointed out below, the stock has maintained what we’ve come to recognize as a base-level of support at .0045, and is beginning to show signs that yet another recovery is in the cards. Recent activity qualifies PZOO as a ‘Double Bottom’ (>>Investopedia Definition) which lends support to that conclusion. We’ll be watching the trading action in PZOO heavily this week as a result.

WHIPPANY, N.J., Aug. 18, 2015 /PRNewswire/ — Pazoo, Inc. (OTC Pinks: PZOO), is pleased to report that 100% wholly owned subsidiary CannabisKing Distribution, LLC, in just one week after training, completes multiple sales for the AccuVape product line in Nevada, Colorado, New Jersey and New York. After such an initial sales success, CannabisKing has lined up dozens of sales calls over the next few weeks, most from new client referrals. CannabisKing is confident they will be able to introduce the AccuVape line to a larger market share, nationally. >>VIEW FULL PR

Tesla Motors, Inc. TSLA – Options Update

Yesterday we identified potential intraday and/or intraweek trading opportunities in TSLA Weekly $250-265 Calls. We’ll be monitoring that range consistently over the course of the week, and saw the first significant action yesterday in the $250 and $252.50’s:

$250 Calls – Range: 5.09-7.70 – Max Gain: 51%
$252.50 Calls – Range: 3.89-5.92 – Max Gain: 52%

Extended Watchlist:
OMER(Big-Gapper)

Blue Horseshoe Stocks: Fresh News Plays & More

Fresh News Plays

We’ve got a couple of stocks that we’ve been tracking this summer coming out with noteworthy press in the early hours this morning, we’re going to want to increase our alertness level for each of them as we kick off a new trading week.

NuGene International, Inc. NUGN – NUGN is appearing in the news feed with a substantial revelation at an opportune time this morning. The stock took an absolute beating last week, and just began to find its footing off of a previous support level on Friday. At the moment the stock is extremely oversold. Coupling that with the addition of this morning’s PR announcing the company’s Q2 revenue growth of more than 150% over the prior year, conditions could be just right for a rebound. We’ll be on a sharp lookout for that possibility.

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AVEO Pharmaceuticals, Inc. AVEO

AVEO stock is gapping up immensely in premarket trading on the strength of a deal the company just announced with Novartis. The potential for both a momentum play and/or a bounce play is elevated. We’ll need to see it maintain support at or above 2.20 (a previous resistance point) on any pullbacks to remain interested. With high profile news like this, it’s quite possible that it will do so.

AVEO Oncology (AVEO) today announced an exclusive, worldwide license agreement with Novartis for the development and commercialization of AVEO’s first-in-class, potent, humanized inhibitory antibody targeting growth differentiation factor 15 (GDF15), AV-380, and related antibodies>>>Full PR

Tesla Motors, Inc. TSLA – Options Idea

We’d like to submit a potential options trading idea to start the week. Morgan Stanley has raised their price target on the stock (Currently valued in the mid-$250’s) from $280 to $465, and TSLA is gapping up on the heels of that announcement. As a result, we see the potential for some intraday and/or intraweek trading opportunities in the range of TSLA Weekly $250-265 Calls.

Extended Watchlist:
ZU(Gapping Up), SFXE & XGTI(Both Oversold, on Bottom Watch)