Tag: ARNA

Blue Horseshoe Stocks: TBIO Review & More

Transgenomic, Inc. TBIO

TBIO was included in yesterday’s morning report, and the stock recorded a notable session with the help of a favorable press release. The stock started out from an early low of 1.58, and ran 29% to 2.04, dipped back to 1.77 before going on to hit its high of day at 2.11, an added 19% swing. Volume was immense, to the tune of more than nine times the 3-month average.

The news release from yesterday was pertaining to the company’s claim that they’ve developed the most comprehensive test to date for the diagnosis of Leukodystrophy, a disorder that has been notoriously difficult to diagnose; in many cases taking years. >>VIEW PR

There are a number of attractive features of the TBIO chart even after the considerable run it has enjoyed over the past few days- The strengthening RSI just broke the 50-line, and the MACD is gearing up for a bullish cross.


We’ll look for TBIO to continue registering higher lows, preferably above the 50DMA of 1.76, and for it to test resistance in the channel between yesterday’s high of 2.11 and the 200DMA of 2.15. TBIO certainly has a history of making breakout-type moves; twice this year the stock has traded for more than 3.50.

New Options Ideas

We’ve identified a couple of fresh options ideas to pass along to our readers this morning. For each of the following movers, we’ll be on the lookout for the occurrence of a dip-and-rip scenario Both stocks are gapping up here in the premarket.

FitBit, Inc. FIT

For FIT, we are going to monitor Weekly Calls (Friday Expiration) in the $45.50-48 range. We want to pay close attention to them the next couple of sessions as FIT has been establishing higher highs and higher lows on the chart. We’re watching for a dip from profit-taking, and subsequent rebound. If and when that happens, we should see some nice action in the range we highlighted.

Netflix, Inc. NFLX

As for NFLX, which has brought us serious options trading success in the past, we’re going to look for chances in Weekly Calls priced from $100-105. The stock just underwent a forward split, and there is some precedent for price increases following such an event (e.g. AAPL).

Extended Watchlist:
CLSN, OGXI, ATNM, FRO, ARNA, MILL(News)

Blue Horseshoe Stocks: Options, Bottom-Plays & More

GoPro, Inc. GPRO – Options

GPRO’s Q1 earnings beat on revenue and profits causing quite a surge in PPS. Yesterday the stock traded up from the $45-range to the $47-range, and this morning we’re observing a sizable gap-up, as GPRO has already changed hands for as much as 53.54 in the premarket.

In the midst of all this, we’ll be on the lookout for chances with GPRO Weekly Calls, most likely in the range from $49-51.50, with our strike price being dependent upon where the stock ultimately finds support off of this morning’s early highs.

It would fulfill a classic dip-and-rip scenario which by now, as our regular readers are well aware, is one of our favorite chart setups.

Windstream Holdings, Inc. WIN

We also want to point out the nice intraday move made by WIN following its inclusion in yesterday’s extended watchlist. The stock briefly touched a morning low of 10.71, before running 22% to a high of 13.05 on just under 4X its 3-month average volume.

The move came on the heels of upgrades for the stock from a number of Wall St. analysts, and over at one of our favorite data reference sites, BARCHART.COM, GPRO is currently receiving an 80% Short-Term “Buy” Rating.

LifeApps Digital Media, Inc. LFAP

LFAP is a potential subpenny bottom-play that is catching our attention this morning, and we wanted to pass it along to our readers. We’re always on the lookout for stocks trading at or near their 52-week lows, and not only does this one fit that bill, but the company also released some interesting news this morning.

At this price-point and in this situation, there’s always a chance for a nice rebound to provide quality opportunities for quick-strike trades.

SAN DIEGO, CA–(Marketwired – Apr 29, 2015) – LifeApps Digital Media Inc. (OTC PINK: LFAP) (“LifeApps”), an emerging growth company, and designer of m-health, fitness and sports applications (“apps”) has updated MDWorkout® its popular health app for Apple iPhone and iPad with integration with Apple HealthKit. >> FULL PR

Extended Watchlist:
MLER, ONCY, MCGC, GNW, ARNA

Blue Horseshoe Stocks: BIND Recap & More

BIND Therapeutics, Inc. BIND

BIND cropped up on our premarket scanner yesterday in the wake of a post-market PR on Wednesday afternoon, and it put forth a solid move early in the session. It traded as low as 7.40 at the open, and we then witnessed a significant 36% spike to the high-of-day at 10.04.

That initial run was fueled by the release of positive Phase-2 results from one of the company’s many cancer treatments currently in various trial phases, and additionally, an update on guidance for 2015.  >>> READ PR

According to the CEO, BIND expects 2015 “to be a particularly active period” with regard to the development of its many products, so this will be a play that we’ll want to monitor more closely moving forward.

Toward the end of the session yesterday BIND pulled back, and is gapping once again in the pre-market, so we have our eyes peeled for any potential bounce action that could be used in our favor.

Twitter, Inc. TWTR – Options

We’ve also got to update everyone on the options trading idea we put forth earlier this week for TWTR. We mentioned an interest in the Weekly $38 and $39 Calls, and each set of contracts showed us a huge spike during yesterday’s session.

The $38’s traded in a range from .23-1.22, for a chance at monstrous gains of up to 430%, while the $39’s did even better as they ripped from .09 to a high of .54, a move totaling 500%

We also wanted to remind readers of the long-term options idea for TWTR we mentioned in the same report. The February $40 Calls could be in line for significant gains if TWTR continues to recover off of recent lows in the $35-36 range.

Extended Watchlist:
AGEN, CERE, ARNA, SD, NVAX, CARA