Blue Horseshoe Stocks

ZNGA, MFTH, MSVS, F & Today’s Extended Watchlist

Zynga, Inc. ZNGA

ZNGA hit 8.67 yesterday, gaining 18% from its 52-wk low that we pointed out the day prior. It’s always nice to be able to time a bottom just right.

As we said yesterday, Friday’s upcoming Facebook IPO has a lot of folks buzzing about related stocks as well, leading us to believe that the rest of the week could continue to be very interesting for ZNGA.

Yesterday we pointed out ZNGA options as well (the $10 June Calls), which traded as low as .35, and as high as .55, for a possible 57% profit.
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Medisafe 1 Technologies Corp. MFTH

Micron Enviro Systems Inc. MSVS

These two new momentum plays popped up on our radar recently after we noticed inreasing volume and PPS. We are going to be to keeping an eye out for each to continue the patterns we have observed, hopefully bringing us some nice added gains.
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Ford Motor Co. F

We want to keep our scanners attuned to Ford stock as well as the stock has been on a steady downtrend of late. It is currently trading as low as it has since the last week in December, and we are on the sidelines patiently waiting for it to settle into an absolute bottom, which we will attempt to time as well as we did with ZNGA.

Once we see a turnaround here, we wouldn’t be surprised to see the stock go right back to around 12.00 or 13.00, which would be a tidy gain from current levels.

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Extended Watchlist:
EMWW, MSLP, ICPA,

ZNGA, EMWW & Today’s Extended Watchlist

Zynga, Inc. ZNGA

We mentioned ZNGA this week as a stock that had reached a bottom, trading at new all-time lows. Yesterday the stock touched 7.34 before bouncing to hit 8.14 for an 11% possible intraday gain.

Taking a glance at the ZNGA Chart, the stock looks like it may be ready to break its downtrend, with all indicators suggesting that ZNGA could be ready to come off of being oversold. Pre-market activity this morning suggests that we could see a gap-up.

Makers of the popular social network game, Farmville (and others), we expect some very interesting action in the weeks ahead for this company, as Facebook gears up for their much-anticipated IPO.

This is the first time we have mentioned an option in our newsletter, but we’d like to point out the ZNGA $10 Call (June 16th Expiration), which traded between .30-.40 yesterday.

Structural Enhancement Technologies Corp. EMWW

EMWW has been on our watchlist since the end of April. The stock was trading as low as .004 following that alert, and ran as high as .0125; a possible gain of 213%

Subsequent to that run, it saw a low of .0052, and has been making higher lows off of that bottom.

EMWW is also getting a “Buy” Rating at Barchart.com

Anticipation grows for the next PR from EMWW, which some believe could come as promptly as this week.

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Extended Watchlist:
EVDR, EVPH (bottom-bouncers)

IDO Security, Inc. | IDOI & Today’s Extended Watchlist

IDO Security, Inc. IDOI

We have seen a bunch of paid newsletters highlighting IDOI over the weekend, a stock that we have been talking about since February 16th.

We mentioned last week that the next key resistance to break was at .50. If, by chance, it doesnt get past that resistance, we would consider it prudent to lock in whatever profits may be on the table at that point.

IDOI is currently receiving a “Strong Buy” Rating at BARCHART.COM

The company also had news out this morning:

NEW YORK, NY, May 14, 2012 (MARKETWIRE via COMTEX) — IDO Security, Inc. (OTCBB: IDOI), developer of the innovative MagShoe(TM) shoe scanning device (SSD), today announced that the Company has completed an order of the MagShoe(TM) 3G, installing multiple units in the Leonardo da Vinci-Fiumicino Airport in Rome, Italy. The tender offer was issued by the Italian Aeroporto di Roma (ADR) through the Company’s local partner, ALCA, to supply and install the MagShoe at the airport’s domestic and international gates.
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Extended Watchlist:
ARNA, EMWW, ZNGA,

RENU, ARNA & Today’s Extended Watchlist

Renuen Corp RENU

Despite bearing the “Caveat Emptor” label on OTC Markets, RENU is currently rocking, and also receiving a “Strong Buy” Rating at BARCHART.

There have been no public statements issued by the company since its symbol-change (formerly SHKZ) back in February, and yet the stock is garnering an awful lot of attention, as activity and PPS have surged of late.

In total, a possible gain of 338% exisited with RENU in the past six sessions, with yesterday’s dollar-volume coming to six figures.

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Arena Pharmaceuticals, Inc. ARNA

ARNA is a stock that we wanted to add to our longer-term radar this morning. The company recently received positive recommendations from an FDA advisory panel for its drug which treats obesity.

We want to watch this play carefully heading into the month of June, being the target month for FDA approval, as we believe that there could be trading opportunities in the meantime.

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Extended Watchlist:
IDOI, EMWW, FROI, ZNGA (Bottom!!!)

RENU, IDOI, & Today’s Extended Watchlist

Renuen Corp RENU

RENU had a record volume day on Tuesday, cleaning out what appeared to be old sellers leaning on the stock.

At yesterday’s HOD of .0046, we’ve already witnessed gains on the order of 188%

RENU rose above its 200DMA never looking back. The RSI is currently sitting at 67, ready to breach the Powerzone. The PPO recently crossed, and is kissing the 50DMA, looking like it wants to surpass that, as we’ve highlighted on the chart below. The Slow STO also crossed recently, pointing North after surpassing its own 50DMA.

Along with the recent increase in volume, it appears RENU is running with the bulls. We’d like to see it hold above its 200DMA moving forward.

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IDO Security, Inc.

IDOI has been making higher highs and lows ever since it bounced off its 200DMA at .34.

All the moving averages are steadily climbing as you can see below. The 50DMA recently crossed the 20DMA, and the 100DMA is setting up to do the same.

The RSI is showing strength, having just passed the 50 mark, and looks likely to cross above its 50DMA.

The PPO looks ready to cross as well, with the histogram about to flip up topside.

The Slow STO is exhibiting similar signs, and also heading for the powerzone.

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Extended Watchllist:
MHYS, VPER, EMWW, BMXI, VNDB