Blue Horseshoe Stocks

RENU, TLON, ICNB & Today’s Extended Watchlist

Renuen Corp RENU

Our interest in RENU has been renewed. Yesterday, the stock was able to break resistance at the 50 & 100DMA’s as we had expressed hope for in our morning report, touching .004 at one point. Being as low as .0015 last week, gains on the order of 167% were possible.

As you can see on the chart below, the RSI has surpassed the 50-line and the 50DMA. The blue bars on the histogram flipped up to the bullish side, we can see a PPO crossover, and the Slow STO has passed through the 50MA overlay. All of this on increasing volume, leads us to a bullish opinion of RENU.

NEW YORK, NY and ST. CLOUD, FL–(Marketwire -07/26/12)- RenuEn Corporation (RENU), a rapidly expanding renewable energy roll-up company focused on solar, wind and geothermal energy solutions, today announced that the Company has signed a Letter of Intent to acquire Team Energy, Inc., a developer of renewable energy projects based in St. Cloud, Florida. >>FULL STORY

____

Talon Therapeutics, Inc. TLON

TLON enjoyed another nice day of gains on Wednesday, hitting a new 52-week high. We began mentioning it a couple of weeks back (July 11th), at which time the stock was trading as low as 1.28. Yesterday’s high of 1.72, marks a gain of 34%

Just a reminder, TLON has an upcoming FDA date on August 12th.

____

Iconic Brands, Inc. ICNB

We have our eye on ICNB as a momentum play. The stock was up considerably yesterday and Tuesday, with 700% in gains rolling in during that short time. We just want to keep it on the radar in case it keeps moving. The company released a corporate update yesterday, included here:

NEW YORK, Jul 25, 2012 (BUSINESS WIRE) — Iconic Brands, Inc. (Iconic) (OTCBB: ICNB) announces corporate updates as related to ongoing operations and forward looking plans. As previously announced in September of last year our wholly owned subsidiary, Iconic Imports Inc. was forced to file chapter 7 bankruptcy when a senior creditor foreclosed on the subsidiary assets. The bankruptcy hearing has been held without claim and is pending discharge. There is no effect on the capital structure; the company maintains approximately 52 million shares outstanding with approximately 20 million in the public float.

In the interim we have aggressively started the process to update our financials and engage in new business opportunities to create value for our shareholders. We anticipate having all of the financials updated by no later than the third quarter ending September 30th, 2012. We have put up a simple website to provide information while going through this process. www.icnb.info

____

Today is the FDA PDUFA date for Horizon Pharma, Inc HZNP

The FDA will rule on HZNP’s RAYOS modified-release low dose prednisone. We have done considerably well with HZNP leading into today’s upcoming verdict, thus, it may be a good idea for us to take profits off of the table, in the event of no approval.

___

Extended Watchlist:
IWDM, IMDS, BBDA, AAPT, NOK

IDOI, HAIR & Today’s Extended Watchlist

IDO Security, Inc. IDOI

IDOI has been on fire of late, doubling in value over the past three trading sessions, with four consecutive green days in a row.

Normally at this point, we would consider taking profits off of the table, however, we feel that there is still potential for added gains here. In instances such as this, when our money has doubled yet strength remains, we are likely to sell half of our position, and play the rest with the house’s money.

BARCHART.com is still currently giving IDOI a 72% Overall Buy Rating

____

Biostem U.S. Corp HAIR

After a recent 597% run from the .06 area to .46, HAIR has consolidated, and been making higher lows off of support in the low .20’s.

Just in the past week, the stock got above the 20 & 50 day moving averages, leading us to believe that another run is in the making.

There are also several indicators on the chart which suggest that HAIR has some real potential for growth (no pun intended!).

____

FDA PLAYS — AMRN, HZNP, TLON

HZNP has appeared in our watchlist recently. Yesterday, the stock was up 7%, and appears as if it may gap up this morning. With the company’s FDA PDUFA date approaching on Friday, we certainly want to keep a close watch over HZNP in the next few sessions.

AMRN’s FDA date is this Thursday, one day prior to HZNP’s. We are watching closely here as well.

TLON’s date is coming up in a couple weeks (08/12/12), so there isn’t as much of a sense of urgency just yet, but we will still be following along as zero-hour approaches.

____

Extended Watchlist:

EGCT, STEM, RENU, IWDM

IDOI, CMG & Today’s Extended Watchlist

IDO Security, Inc. IDOI &

We continue our coverage of IDOI this morning, after the stock made some impressive moves last week. Being as low as .40 on Thursday, we saw Friday’s close come in at .62, just one tick down from the high of day at .63. Total possible gain, 56%

Considering the post-market PR that came across the wires on Friday, we are observing for continued momentum. Untraded-upon news can often have a big effect, and we want to be sure to maximize our profits here.

We have provided yet another of our video presentations of the chart for your viewing convenience:

In an age when tragedies such as that which occurred this past weekend in Colorado seem to happen with increasing frequency, security is a concern at the top many people’s lists. A company like IDOI is poised to serve growing demand for added security measures in all public venues.
____

Chipotle Mexican Grill, Inc. CMG

CMG stock fell 20% (Down 86.00/share) as a result of their recent earnings report, thus we are looking bounce activity on CMG options.

The $350 07/27 Calls closed at .40 on Friday. The $350 08/18 Calls closed at 2.54. Provided the stock can recover some of its lost ground, and get back above its 200DMA (373.33), those options are going to work out very well. Therefore, we will be watching closely for the stock’s recovery.

____

Extended Watchlist:

WAVX, BBDA, YIPI, GEN, AAPT, BFGC, LLTP

TLON (FDA PDUFA 08/12/2012)

HZNP (FDA PDUFA 07/27/2012)

IDOI, BRGO, ENTB & Today’s Extended Watchlist

IDO Security, Inc. IDOI &

Bergio International, Inc. BRGO

IDOI and BRGO are two nice winners from yesterday that could continue their gains today.

BRGO opened at .0065 yesterday, dipping as low as .005, and hitting a high of .0124 before closing out the day at a penny. BRGO could have easily netted gains in the 50-100% range, yesterday alone. Once again earning us the champion spot over at Penny Stock Rumble.

IDOI was another monster gainer yesterday trading as low as .40, and closing at the high of day (.54) for gains of 35% A break of .56 on the chart could result in a blue sky breakout, with resistance at .63 and .71.

If you’re not already a member of our community, we strongly suggest signing up for free today. Week in, and week out, nobody is as consistent at finding big runners and quick gainers as we are!

____

Entest BioMedical Inc. ENTB

On July 2nd ENTB appeared in our watchlist. Following that alert, the stock ran from .008-.0115 (44%). On Wednesday, ranged from .006 to .009, and yesterday from .006 to .0085, yielding an opportunity to make 40-50% in gains on both days.

We believe that this stock, now holding support at .006 looks like it may be ready to come off of its bottom. We will need to keep an eye on ENTB in the coming sessions, as indicators would seem to be favorable.

____

Extended Watchlist:

GRAVF, IWDM, BFGC, LLTP,

IDOI, BRGO & Today’s Extended Watchlist

IDO Security, Inc. IDOI

IDOI makes its way back into our newsletter this morning. This is a stock we’ve covered since the 16th of February, and in that time, we have seen quite a lot of profit.

Following our intial alert, the stock was trading as low as .37, and subsequently ran as high as .56 in late March. In April, it dipped back to .34 before hitting a high of .485. We took the stock off our radars following these nearly 100% in gains, and didn’t give it much attention until we began assigning it to our Extended Watchlist around the beginning of last month. By that time, the stock had begun to slide, until reaching a low of .22 and finding its bottom. At that point, we began to observe a definite recovery, as it held higher lows off of that support level.

Which brings us to the present. This week saw a low of .28, and with the past two days of monstrous volume (more in 2 days than the previous 2 weeks), the stock has now begun to approach another breakout point.

We have provided you with a video presentation outlining the finer points of the IDOI chart.

_____

Bergio International, Inc. BRGO

BRGO has not made our newsletter since early September of last year. From that time, the stock saw a range of .091-.145 for a 59% possible gain. BRGO hits our radar again today as a momentum play.

The stock has been on a beast-like run, and closed at its high of day yesterday, with volume mounting to the tune of more than 21X the 3mo average. For that reason, we wanted to mention it once again today.

____

Extended Watchlist:

GRAVF, IWDM,SOMX