Blue Horseshoe Stocks: Options Update & Much More

Amedica Corp. AMDA

After providing us with the chance for intraweek gains of 61% last week, as we were mentioning in yesterday’s morning report, AMDA turned in another healthy performance for the day.

From a morning low of .58, the stock pressed to a new high of .70; a 21% intraday move, and this morning the stock is gapping up once again. As of this morning’s premarket high, the total range we’ve now observed in AMDA in just a week’s time stands at 102% from last Tuesday’s low of .3851.

Yesterday’s solid showing also marked the fifth consecutive trading day that AMDA managed to register higher lows and higher highs. We’ll continue to track its activity as the week progresses. A dip-and-rip off of this morning’s new high is a distinct possibility.

Under Armour, Inc. UA – Options Update

UA was a point of focus for us on Friday morning, at which time we submitted a medium-term options idea for the stock, namely the 07/31 $84 Calls. We wanted to provide an update on the subsequent performance of those contracts, which managed a notable increase between Friday and yesterday.

From a low of 2.76, the July $84’s have traded as high as 3.53 thus far. That hashes out to total possible gains of 28% over just a couple of trading sessions. With plenty of time left until expiration, we’ll be sure to keep a slot reserved for those contracts from this point forward.

TapImmune, Inc. TPIV

We’ve been tracking TPIV for nearly two weeks now. We tagged it for the first time on June 10th, and we slipped a reminder into Friday’s report as well.

We certainly hope those alerts caught someone’s attention, because TPIV has certainly caught ours; yesterday’s high of 1.23 represented a 28% jump from the low following Friday’s alert (.962) and an overall increase of 71% from the low following our initial alert (.72).

Sipp Industries, Inc. SIPC

SIPC is catching our attention this morning after announcing the addition of “Hemp co-packing, storage, distribution, and private label solutions to product offering.” in an early PR. It caused us to take notice of the chart, which is currently boasting an attractive setup with regard to its potential as a bottom-play. We’re going to keep a close eye on SIPC as we head into mid-week.

Extended Watchlist:
PHMD, BIND, NSPR, TBIO, BBRY

Blue Horseshoe Stocks: AMDA Recap & More


Amedica Corp. AMDA

We want to begin this morning by highlighting the performance of AMDA last week. We put this one on our radar on Tuesday, and would witness a heck of a run which culminated in an extremely strong session on Friday.

On Tuesday following our alert, we observed a low of .3851, and after registering higher highs and higher lows throughout the middle of the week, AMDA hit a new high of .6199,  which accounts for an intraweek swing of 61%

For a stock trading in that price range, we’d call that a top-notch four-session performance!

Fresh Ideas

We’ll also add a couple of newcomers to our radar this morning. We’ve got an energy play and a mining play that are both are coming off of rough outings on Friday:

Uranium Energy Corp. UEC fell below $2 for the first time since April during Friday’s session, so we’ll want to be open to possibility of a possible bottom-bounce here. Today the company revealed that it will be added to the Russell 3000® Index and the Russell Global® Index, effective this Friday. >> Read PR

Great Panther Silver Ltd. GPL also took quite a beating to wrap up the week, falling to the low .30’s. In premarket trading today the stock is back above .40, so we’ll be on the lookout for a continued rebound here as well.

Extended Watchlist:
BLRX, CNIT, SGYP, FRO

Blue Horseshoe Stocks: New Options Ideas, Bottom-Plays & More

Synergy Pharmaceutical, Inc. SGYP

SGYP kept piling on the gains yesterday with a great showing, emerging as one of our top picks of the week. For those who may have missed the reports, we declared interest in this play on Wednesday morning, and shortly thereafter bore witness to a solid 32% intraday run.

In yesterday morning’s report, we reinforced our confidence in the stock’s ability to produce another nice move based on the level of momentum it had built to that point. Our assumption proved accurate, and SGYP turned in an intraday increase of 19% from its early low of 7.92 up to a high of 9.44.

That move brought our total observed range on this play in a span of just two sessions to 56% (6.05-9.44).

SGYP is trading up slightly in the premarket with shares having traded hands for as much as 9.56 thus far this morning. While we’ll need to stay wary of potential pullbacks caused by profit-taking, we won’t want to let SGYP slip off of our radars.

The company’s Phase 3 trials for plecanatide as treatment for chronic idiopathic constipation met primary endpoints in both data runs, and there are many on Wall St. who believe we’ve yet to see the ceiling on this play’s potential.

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Options Ideas

Under Armour, Inc. UA – We’re cap things off week by formulating a couple of options ideas for UA. The stock has been on quite a rip recently, and we’re going to explore the possibility of using the trend to our advantage. Specifically, we’re going to be monitoring UA Weekly $82.50-83.50 Calls for potential quick-strike intraday swing-trade chances, while reserving a spot on our longer-term watchlist for the 07/31 $84 Calls.

Added Reminder: We also are going to stay hot on the trail of the PBR Options ideas we mentioned in yesterday’s report (08/21 $10 and $11 Calls) into next week. We’ve already seen moves approaching and exceeding 100% in those contracts, and want to remain open to the possibility of more coming down the pipe, with plenty of time left until their expiration date.

Bottom-Bounce Watchlist:

Both Medican Enterprises, Inc. MDCN and Adaptive Media, Inc. ADTM took huge gut-punches yesterday, and will end the week on our bottom-watch radar. The possibility for significant rebound opportunities could be forthcoming either today or early into next week.

Extended Watchlist:
ARYC,  MJMJ, TPIV, HERO(Still on Bottom-Watch)

Blue Horseshoe Stocks: SGYP, PBR Recaps & More

Synergy Pharmaceutical, Inc. SGYP

We determined that the nature of SGYP’s premarket activity on the heels of a positive PR yesterday warranted inclusion in our morning report, and the result was yet another winning performance in what has thus far been a great week.

SGYP proceeded to trade in a daily range from its early low of 6.05 on up to 7.97, marking an intraday spike of 32% on volume which exceeded the 3-month average by more than 20X.

That momentum is spilling over into premarket trading this morning, and we’re seeing another gap up today. We’re going to be very interested to follow the action as the session kicks off, open to the possibility of another dip-and-rip.

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Axion Power International, Inc. AXPW

Our coverage of AXPW this week yielded up big opportunities right from the start, and the trend continued early in yesterday’s session. The stock broke hard out of the starting gate and made a 30% run from .165-.214. As you can see on the 1-minute chart snapshot below, there were also a couple of subsequent swings that would follow.

AXPW ended up closing at .18, and has traded slightly higher in the premarket today.

Petroleo Brasiliero SA (Petrobras) PBR – Options

We also want to track back to a report on PBR we published on the morning of June 3rd, wherein we formulated some longer-term options ideas; specifically the 08/21 $10 and $11 Calls. The PBR chart has been ripening nicely of late, and as a result we’ve seen some nice chances for gain with those contracts.

August $10 Calls – Range: .31-.64 – Max Gain: 106%
August $11 Calls – Range: .17-.30 – Max Gain: 76%

As you can plainly see, PBR is working on one heck of a chart setup, so we’ll certainly continue to monitor these calls that have consistently been making higher lows and higher highs along with the stock.

StemCells, Inc. STEM

We want to tag STEM for observation this morning in the wake of an interested premarket PR we’ve noticed. The company has received the green light from Health Canada “to expand its Phase II clinical trial for chronic cervical spinal cord injury”. >> Read PR

The stock is gapping up in premarket trading, and if it can manage to break through its recent swing high at .74 once the session begins, things could get rather interesting.

Extended Watchlist:
AMD, AEZS, PARN, ERN, HERO(Big gap-down, possible rebound)

Blue Horseshoe Stocks: Fresh News Plays & More

FreeSeas, Inc. FREE

We mentioned FREE in yesterday’s morning report as a bottom-play that was gaining momentum. The stock had begun to show signs of life after recently establishing a new 52-week low, and our focus paid off almost instantly.

We witnessed a slight dip to a low of .1113 shortly before 10AM, after which time FREE proceeded to surge its way to a daily high of .179. It registered as a 61% intraday swing before the stock tapered back to close at .091.

We’ll continue to observe the activity on the FREE chart as the week progresses, as there is a fair chance that we will continue to see sizable swings in PPS.

Axion Power International, Inc. AXPW

Speaking of major runners, the call we made on AXPW on Monday continued to extend its gains early in yesterday’s session. We caught this gem at a low of .0421, and watched as it went on to touch .36 before it began its pullback.

The move extended the total range we witnessed over just a two-session span to a whopping 755%

For us to remain interested in AXPW for further opportunities, we’ll need to see it maintain support at or above yesterday’s swing low of .14. Key resistance is sitting between .18-19.

Fresh News Plays

Synergy Pharmaceutical, Inc. SGYP came with some positive news this morning, and is gapping up heavily in the premarket. We’ll look for a potential dip-and-rip scenario to occur following the opening bell.

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Blue Shere Corp. BLSP announced a tentative share buyback program this morning that would allow for the company to acquire up to $500K-worth of its common stock from the open market and/or via privately arranged transactions. Couple that with a chart that has the look of a classic bottom-play, and we’re very interested to include BLSP on our watchlist this midweek.

Extended Watchlist:
SFUN, BVXV, ARWR, ARTX, CRMD

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