Tag: ASTI

Blue Horseshoe Stocks: MDCN Recap, Options Idea & More

Medican Enterprises, Inc. MDCN

In yesterday morning’s premarket report we took note of MDCN’s rebound off of a relative bottom, and speculated that the momentum built up in Tuesday’s session could carry over into added gains.

That certainly proved to be the case, as MDCN spiked heavily from its early low of .0024, running as high as .0039 shortly before 11:30AM. It marked an intraday move which provided gain opportunities of up to 62% before pulling back into the close of .0022.

We’ll go ahead and monitor this one for the remainder of the week for any potential bounce-play chances that might arise when it finds solid support. We’ll look for that to occur at or above Tuesday’s low of .0015.

Isis Pharmaceuticals, Inc. ISIS – Options Idea

ISIS appears to be in full-on breakout mode this morning, and as a result we thought we’d formulate an idea to take advantage of this via the options chain.

Given the current price and conditions caused by this morning’s catalyst (link to PR below), we’re going to be tracking the activity in the Weekly $70-73 Calls for potential intraday flip opportunities.

Extended Watchlist:
PTBI, RAD, SFUN, ATOS, AGEN, ASTI

Blue Horseshoe Stocks: New Options Idea & More

Vivint Solar, Inc. VSLR – Options Idea

VSLR caught our eye yesterday as the stock made considerable progress in coming off of a recent bottom, aided by Q4 financials announced Wednesday, post-market which came in better-than-expected.

In the midst of this rebound, we’ll be looking to possibly take advantage via the options chain. Currently, we’re interested in following the activity on the April 17th $11 Calls (Last Trade:1.30).

VSLR has a 1-year analyst estimated price target of 19.80, and is presently trading well below that range, thus it could turn out to be a stock that we continue to track over an extended period of time.

AVEO Pharmaceuticals, Inc. AVEO

We’re watching AVEO this morning; the stock broke above its 200DMA earlier this week and has been holding support above that level. Yesterday it underwent a gap-and-fade, ultimately finding support at 1.36. and that’s the level we’ll want to see it maintain on any further pullbacks today.

The main thing drawing our attention toward AVEO is the current chart setup.As you can see on the snapshot below, it is showing a strong RSI, a bullish MACD, and appears to be building toward an elusive Golden Cross; a relatively rare event for which we’re always keeping our eyes peeled.

Extended Watchlist:
ASTI, JDST, CRMD, MSO, AXN, GALE

Blue Horseshoe Stocks: Wrapping Up Another Great Week

The Priceline Group, Inc. PCLN – Options

After honing in on PCLN options last week as the Expedia/Orbitz buyout was calling massive attention to the sector, we were able find significant gain opportunities. This week, we were treated to continued upward momentum courtesy of Priceline’s earnings release, and the chances to profit have once again been plentiful.

Yesterday morning, we formulated a daytrading idea to watch Weekly PCLN Calls in the $1180-1225 range, and we were not disappointed in the price action that followed. Any of the contracts in that range would have served traders well. :

At the low end of the spectrum the $1180’s traded in a daily range from $24-42, an intraday increase of 75%, while the action closer to the money, like the $1220 Calls, was even more intense. As you can see on the screenshot below, there were multiple swings in those contracts. They first dipped to a low of 3.35 before exploding to 8.30 (+147%) followed by another pullback to 4.00 and a subsequent run back to 8.80 (+120%).

Ascent Solar Technologies, Inc. ASTI

Another big performer from yesterday’s pool of tracked stocks was ASTI. After tagging it in our premarket extended watchlist the stock registered an early low of 1.36 and ran hard in the last hour of trading, touching a high of 2.08. That represented an intraday increase of 53%, and it came on roughly 16x the 3mo. average volume.

CollabRx, Inc. CLRX

Also standing out on yesterday’s report was CLRX, which ran hard out of the gate and made an initial move from 1.67-2.74. That worked out to a spike of 64%, also on heavy volume.

Side Note:

After so much upward momentum, the overall markets could be looking at a pullback today, and even amid a hefty downturn there should still be options opportunities on the table. If that is indeed the case we may be taking a look at potential trades of SPY $210 Puts, or $22 UVXY Calls.

Extended Watchlist:
CRC, MEIP, CLSN, EPRS, SAAS

Blue Horseshoe Stocks: Options Ideas, Bottom-Bouncer & More

 New Options Ideas

The Priceline Group, Inc. PCLN– It was just last week that we successfully targeted PCLN Calls in the $1065-1085 area, and already the stock has hurtled its way to its highest PPS levels since September. In this morning’s premarket the stock has traded as high $1225.75.

For a possible day-trade opportunities this week, we’re going to keep an eye on Weekly PCLN Calls in the $1180-1225 range, provided the stock can maintain support at or above $1175 on any pullbacks.

Tetraphase Pharmaceuticals, Inc. TTPH – TTPH is another morning gapper that we’re going to be transfixed upon this morning. In the midst of a ‘Superbug’ outbreak in California which is one of today’s top-reported headlines, TTPH, which is developing an antibiotic to combat these types of drug-resistant pathogens has become the subject of potential buyout rumors.

We’re going to monitor the TTPH $40 Calls for another possible short-term target as we head into the end of this holiday-shortened trading week.

Longer-term Ideas

In addition to the preceding short-term plays, we also have a couple of  ideas for longer-term opportunities with GoPro, Inc. GPRO and Garmin, GRMN. Both stocks have seen significant pullbacks this week, and are showing symptoms of a possible rebound in the premarket with slight gap-ups.

We will want to radar March 20th GPRO $47 and $48 Calls (Closed at 2.50 and 2.08, respectively).

For GRMN we’ll be monitoring the March 20th $52.50 and $55 Calls (Closed at .76 and .30, respectively).


Atheranova, Inc. AHRO

We also want to tag AHRO this morning as a potential bottom-bouncer. The stock recently fell off of a cliff, and yesterday began to rebound off its newly-established 52-week lows.

We always keep our eyes peeled for stocks in this position, as we have used them to our advantage time and time again.

Angie’s List, Inc. ANGI

ANGI was a point of focus on yesterday’s extended watchlist, as well as a topic of discussion in our trading chatroom*. The stock made a big move from 6.45-7.80, a 21% intraday spike.

The accompanying options idea we floated in our chatroom* yesterday were the March $7.50 Calls,. which made a significant move from .25-.85, and will continue to garner our attention moving forward.

*Any readers who’d like to get involved in our trading chats in the future can do so easily! For either the Premium or the free chats, simply add “stocksumo” as a contact on Skype and request access!

Extended Watchlist:
ACHN, ARIA, ASTI, EXEL, CLRX, PAL

Blue Horseshoe Stocks: TWTR Options, ZAZA Earnings & More

Twitter. Inc. TWTR – Options

Part of our attention this morning will be given to TWTR, and, more specifically TWTR calls, as we’re catching the stock in the midst of rebounding off of it’s lowest price point since the end of July. The stock found support just shy of the $40-mark on Tuesday and registered higher lows and higher highs during yesterday’s session.

We’ll look to take advantage of a possible continuation of the trend using the TWTR options chain. The $42 and $43 weekly calls are going to be where we look for intraweek flip opportunities, and for a longer-term swing trade idea, we’ll track the December 12th $44 calls (Last Traded: 1.45).

If TWTR can fill the remaining gap on the chart to the $47-range before 12/12 we could be looking at a 100% increase in those calls from here, so it’s going to be something we’ll pay close attention to over the next month.


ZaZa Energy Corp. ZAZA

ZAZA has us on alert this morning as well; the stock is gapping up heavily on a post-market earnings release that included some interesting figures. The company has a conference call scheduled to begin at 10:00AM EST >>> Listen In via Yahoo! Finance


ZAZA’s Q3 Highlights

  • Total production of 54.8 MBOE, a year-over-year increase of 145%.
  • Revenues of $2.7 million, a year-over-year increase of 144%.
  • Total operating expenses declined by ~60%; G&A declined by ~30%.
  • Net income of $10.1 million vs. a net loss of $20.6 million.
  • Total debt declined by $7.7 million or ~8% over the past nine-months (3Q14 vs. CY13).

READ FULL PR >>>

We’re going to be monitoring this play for an early run-up on the untraded-upon earnings report, followed by a possible dip-and-rip scenario. We’ve sniped out rapid gains on both sides of the fence in situations just like this one, just by staying extra vigilant, so ZAZA will be another interesting play to follow as we close out the week.

Extended Watchlist:
SWET, DWA, ASTI, SAND, DNDN, BAXS (Big gap-down, radar for potential bounce)

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