Blue Horseshoe Stocks: BGMD, PBR, RLTR, & Extended Watchlist

BG Medicine, Inc. BGMD

To really see the full scope of the gains we’ve seen from BGMD this year, we have to track back to the end of 2013. Following an appearance in a report we released on Dec.10th, the stock would settle to a low of .87, and it has been doing quite well ever since.

In early January, we saw BGMD break the 1.50 mark, at that point already up significantly from its prior low. It would spend the rest of the month under a gradual consolidation (to around 1.12) until early February, when another uptrend began.

Flash forward to our recent alert of the stock on March 12th. After two days, we would see BGMD touch a low of 1.28, and from there it has taken off like a rocket. It set a new high of 2.419 during trading yesterday on news of positive results from a series of recent clinical trials.

That high marks a sizable 89% gain from its Mar.14th low, and a highly impressive overall move of 178% from the low we caught in December.

Petroleo Brasiliero SA (Petrobras) PBR – Options

Our first post on PBR came last Friday, at which time we professed our interest in the May 2nd $12 Calls. At that point, the contracts were trading at a low of .31. Yesterday, just three sessions later, as a result of the continued recovery of PBR stock off its recent all time low, the $12 Calls hit a high of .56 (+80%).

PBR is trading up pre-market today, as high as 12.25. What we have to expect now, is contesting with some resistance, currently, at 12.50, 12.71, & 12.84. If it doesn’t punch through those key resistance areas, we will be looking for the stock to hold support at or above 11.84.

Reeltime Rentals, Inc. RLTR

We going to be adding a new interest to our radar today, in the form of RLTR. What makes this one especially interesting for us, is that Reeltime co-produces one of our favorite shows, CNBC’s “Money Talks”. News out this morning announced the airing of this season’s second episode, tonight at 10PM on CNBC.

On the stock side of things, RLTR has already seen a nice move this year, running from as low as .001, to a high of .025. It then consolidated to find support at .0061, and has now begun to bounce off of that low. The chart recently experienced a Golden Cross, and currently the PPS is holding support above the 50 & 200DMA’s, two bullish indicators.

All of those reasons definitely make RLTR one stock that we will be observing for the foreseeable future.

Extended Watchlist:
UTRM, VLDI (News Out), YONG, HTM, CXDC, INVE, OCLS,

Blue Horseshoe Stocks: UTRM, MLCG, ROTH & More

United Treatment Centers, Inc. UTRM

Another pick, another great day of gains! UTRM became the latest new cannabis-related stock to make its mark. We were on top of it, placing it on high alert in yesterday morning’s report and reaping profits on the way up, employing the tried-and-true strategy of selling into strength.

It really was quite a session; extremely high liquidity (traded more than 642 million shares) allowed many to profit, as UTRM roared up from .0085 to hit a high of day at .0146 (a gain of 72%), just before closing two ticks below at .0144.

This onslaught of activity is going to have us paying attention to UTRM for quite some time. It’s possible that the company could produce a PR this week regarding the official launch of its new website on Thursday.

It’s also worth mentioning that UTRM is currently receiving a 100% “Buy Rating” on BARCHART.COM.

ML Capital Group, Inc. MLCG

MLCG continued to be one of our most productive recent points of interest yesterday. If you recall, we caught this play at the beginning of this month, and have seen a low of .04 as recently as the 12th which was followed by double-bag gains.

Yesterday, the stock posted another bang-up session, running 85% from a low of .10 all the way up to .185 on substantial volume.

From its recent low following our initial alert, MLCG has now risen as much 363% in just under two trading weeks.

PharmaRoth Labs, Inc. ROTH

ROTH is a momentum play that we’ve been keeping our eye on over the past few days. Currently the chart is exhibiting the telltale signs of a bullish trend, as you can see below. The RSI has punched into the power zone for the third time this month, there has been a recent golden cross, and the MACD is diverging.

We’ll be watching for a possible continuation of the recent trends this mid-week. Like UTRM, BARCHART.COM is also giving ROTH a 100% “Buy Rating” at the moment.

Petroleo Brasiliero SA Petrobras (PBR)- Options

After the $11 PBR Calls made a nice triple-digit move for us on Friday, we continue to take advantage of the stock’s recovery. The 05/02 $12 Calls, also mentioned Friday, that we re-tagged in yesterday’s report are now up considerably, and could be on the way to making similar gains.

Extended Watchlist:
BGMD (News Out), VTNR, RGSE, ARIA, EXEL

Blue Horseshoe: PBR, MLCG, MNGA & Extended Watchlist

Petroleo Brasileiro SA Petrobras (PBR)

We spotted this NYSE stock recently as it has bounced off of 10-year lows. PBR is going to be one that we monitor on more of a long-term basis. It has been awhile since we’ve come across a good recovery play, and the conditions on the PBR chart certainly point to the possibility of some nice upside potential.

As we point out on the following chart, PBR needs to break key resistance at 11.84 and 12.50 in order to make a run at the gap on its chart from 14.50-15.70. The filling of that gap from current prices would spell gains of more than 35%

In the meantime, we’re looking at the the PBR Options chain. The May 2nd $12 Calls could be promising, in the event that we continue to see a general recovery. Those contracts that are currently trading in the mid-.30’s could be worth as much as 3.00 if the stock returns to the $15-level.

For a quick daytrading idea, we are looking at the $11 Calls that expire at the end of the day. It appears as if PBR wants to gap down to start the session and we may see a possible dip-and-rip scenario.

ML Capital Group, Inc. MLCG

Speaking of dip-and-rip opportunities, that’s what we saw out of MLCG yesterday. After a morning gap-up, the stock came down to .09 before taking off again to hit a high of .12, a 33% intraday gain.

MLCG has proved to be a volatile mover since we’ve been following it (03/05), and has risen as much as 227% from its recent four-cent low.

MagneGas Corp. MNGA

We’ve been following MNGA throughout the week. We saw it start out by coming from a low of 1.15 on Monday, and subsequently run up to 1.78.

It then bottomed out in the low 1.20’s around mid-week, only for yesterday’s news that the company had been commissioned to provide torch-cutting fuel to four major demolition projects, carried it back up to 1.66.

We’re now watching its activity as it pulled back a third time, finding support at the 1.43-level, and is currently gapping up to reach new highs in the 1.90’s. From Monday’s low of 1.15, to this morning’s high of 1.97 marks an overall increase of 71%

Extended Watchlist:
UTRM, UPIP, DEJ, PAL, AVEO, GNK, RGSE, BGMD, ECYT

Blue Horseshoe Stocks: Updates on PIHN, MLCG

Polaris International Holdings, Inc. PIHN

We really couldn’t have been more spot-on in our pre-market assessment of PIHN yesterday. The stock behaved precisely as we suggested it might; running hard in the morning, followed by a pullback as profit-takers exited, and a subsequent bounce.

We saw PIHN run from its morning low of .0178, up to .0248, a 39% rip. It pulled back to bounce off of support at .015 and then hit .02, for another gain opportunity of up to 33%, bringing max gains on the day to more than 70%

Moving forward, we’d like to see PIHN hold support at .015 in order for us to remain interested. It will be interesting to see how another PR out this morning will factor into the equation:

DALLAS, TX, Mar 20, 2014 (eTeligis.com via COMTEX) Polaris International Holdings, Inc. (OTC Pink: PIHN) (PINKSHEETS: PIHN) is pleased to announce that it has completed an important agreement with GBISS, Inc. and its India based affiliates to begin project management and manufacturing of the Company’s exclusive Procannas(R) Cannatrol pharmaceutical grade core ingredients and sub-formulations. >> FULL PR

ML Captial Group, Inc. MLCG

We first mentioned MLCG on March 5th, and would shortly thereafter witness a low of .04. Since trading at that level, the stock has provided us with sizable chances for profit.

After calling out MLCG once again on Tuesday, we saw an intraday move of 36% as the stock traded in a range from .0544-.074.

It then followed up its appearance in yesterday’s report with quite a session as well, going on a 53% romp from .0653 to .0999. That high also represented an overall increase of 150% from the four-cent low we observed just six sessions ago.

MLCG will remain on our watchlist on the heels of yet another PR update released this morning, announcing that the company has found the first distributor for their SuperStar brand cannabis-vaporizing “pens”:

FOUNTAIN HILLS, AZ–(Marketwired – Mar 20, 2014) – ML Capital Group, Inc. (OTCQB: MLCG) announces its continued development, growth and expansion in the medical marijuana industry and the commercialization of its SuperStar Vapor Pen products.

ML Capital Group, Inc. (“MLCG” or the “Company”) recently announced the upcoming publication of its SuperStar MMJ Recipes book, as well as integrating access to the book through its SuperStar MMJ Dispensaries smartphone application, both of which are expected to be launched in April 2014.

Today, the Company is excited to announce that it has signed its first major distributor to market and sell the SuperStar Vapor Pen. >> FULL PR

Extended Watchlist:
ISR, BGMD, SNTA, MNGA, BONE, SVA

Blue Horseshoe Stocks: BYD, EAPH, PHOT & More

Boyd Gaming Corp. BYD

We put BYD on our radar back in January, and shortly thereafter, the stock found its way to a low of 9.11. We continued tracking it in February, where it quickly recovered ground and began trending up.

Recently (03/05), the company released favorable fourth quarter and annual financials, the highlights of which included repayment of over $500M in debt, elimination of $60M annually in interest expense, net revs for the fourth quarter increased by almost 10%, and more.

Yesterday we observed a new high of 14.15 from BYD, which represents a gain of 55% from the low we saw roughly six weeks ago.

Easton Pharmaceuticals, Inc. EAPH

Many of our readers will recall, we’ve been on EAPH for awhile now, mentioning it for the first time back on January 8th, catching it at a low of .0041. That subpenny marijuana play would go on to hit ten cents, gaining more than 2300% in roughly a month’s time. After a period of consolidation, EAPH tapered back to .0327 where we would see it bounce.

We mentioned EAPH once again yesterday as part of a joint press release with GLCO, and the stock went on to have a great session, running to .06, an intraday gain of 83%

Check out this video outlining our coverage of the stock:

Growlife, Inc. PHOT

We first began alerting PHOT last summer at a low of .0318, even though our coverage of the marijuana industry as a whole started a year prior, in 2012. After PHOT tacked on more than 100% in gains from August to October ’13, we re-alerted the stock under a dime, reminding our readers that a “Golden Cross” appeared imminent.

The rest, as they say, is history. PHOT has spent the past few months rampaging upwards like an un-caged beast, culminating in a high of .549 during a bang-up session yesterday. For those without a calculator handy, that brings the overall move we’ve seen from PHOT to a staggering 1626%

Extended Watchlist:
NHPI, PIHN, CPST, RAD, DGAZ, BGMD