Tag: BVTK

Blue Horseshoe Stocks: Double-Bottom Watchlist & More

Double-Bottom Watchlist

We like to look for potential rebound plays in stocks that are displaying a double bottom formation on the chart, and we’ve got three such candidate to add to a recovery watchlist this morning.

InVivo Therapeutics Holding Corp. NVIV, Stein Mart,Inc. SMRT, and Sportsman’s Warehouse Holdings, Inc. SPWH have all begun to trend off of a level of support that has been established on one or more previous occasions. We’ll want to monitor this trio in the days and weeks ahead for possible sustained recoveries.



StarBucks Corp. SBUX – Options Idea

Shares of SBUX really came crashing down this morning, all the way to the $55-level, the lowest PPS since March. We’ll be looking to take advantage of a possible forthcoming rebound when the smoke clears.

SBUX has demonstrated solid support in the $54-area earlier this year, so we’ll look for it to hold there or above on this plummet that comes even as analysts are reporting a good outlook.

Once a rebound begins to materialize, we could see some noteworthy activity in the SBUX 08/18 $54-55 Calls.

Extended Watchlist:
UHLN, BVTK, CLDX, OTTV, JAGX, KOOL, IMGN,

Blue Horseshoe Stocks: BIg Day for WB & More

Weibo Corp. WB – Options Recap

We decided to track WB on the heels of its earnings beat yesterday and formulated a range of call contracts that we thought would see some nice activity as a result. Post-earnings options ideas are among our favorite types of plays, and WB serves as another example of why we’re always coming back to that well.

We signaled the WB Weekly $67.50-70 Calls, and with the exception of the $68.50’s and $69’s which didn’t trade a lot of volume, we saw some killer single-session moves from the other four contracts in our highlighted range:

$67.50 Calls – Range: .70-10.78 – Max Gain: 1440%
$68 Calls – Range: 4.40-10.80 – Max Gain: 145%
$69.50 Calls – Range: 1.50-7.80 – Max Gain: 420%
$70 Calls – Range: 1.30-8.90 – Max Gain: 584%
____

Target Corp. TGT – Fresh Idea

Weibo was our fresh idea for yesterday, and today we’ve got another set of ideas to enter into the mix today with TGT.

Based purely on the look of the chart, this morning’s earnings notwithstanding, we’re attracted to the massive gap to fill to the upside, part of which has begun to fill as TGT is gapping up in the premarket.

We’re interested to follow progress on a range of both short and longer-term ideas, namely the TGT Weekly $57-59 Calls, as well as the TGT 06/23 $60-62 Calls. .

xG Technology , Inc. XGTI

We tagged XGTI for observation yesterday morning, and the stock did make a modest move of 24%, trading up from a low of 1.72 to 2.14 on the day.

While not an eye-popping move in and of itself, it did occur on massive volume, on the order of roughly 70X the 30-day average, and this morning in the premarket the stock has hit a new high of 2.19. We’ll definitely be on the lookout for a continuation of the momentum that is built up in this stock.

Extended Watchlist:
BVTK, CBIO, GNC, CETX, SNDX, TENX, TDW,

Blue Horseshoe Stocks: Options, SGMO Recaps & More

Snap, Inc. SNAP – Options Recap

We called for a course-correct on SNAP in our premarket report on Friday after the stock had taken a post-earnings pounding the previous day. Our hunch was spot-on, as SNAP came roaring back to fill a portion of the gap that its beat-down had created, and regardless of which contracts had been chosen, there were sizable gains there for the taking..

We were looking at the SNAP Weekly $18 Calls for potential daytrades, as well as the SNAP 6/16 $18 & 19 Calls for a longer-term idea.

The Weekly $18’s ran from .25-1.38 for a 452% rip. The 6/16 $18’s made a 69% move from 1.18-2.00, while the 06/16 $19 Calls traded from .75-1.45; a 93% pop. We’ll continue to monitor those June 16th calls, and take rolling up to the $20-level into consideration as the stock is once again up in the premarket.
_____

We also added AZN $32-33.50 Weekly Calls as an extra idea on Friday morning and two out of the four contracts in that range provided traders with solid chances for multi-bag gains as well. The movement came in the $33 Calls which ran 112% from .40-.85, and the $33.50’s, which saw a 450% surge from .10-.55.

Sangamo Therapeutics, Inc. SGMO

We had initially tagged SGMO for observation in Thursday morning’s extended watchlist, and the stock finished out the week in strong fashion, recording higher highs and higher lows each day.

On the whole, we’ve thus far seen SGMO trade up from Thursday’s low of 6.05 to a high of 8.5385 on Friday. That works out to a two-day swing of 41%, which is actually quite impressive for a stock in the $6-8 range. We’ll continue to track SGMO in the event that the trend spills over into this week.

BravaTek Solutions, Inc. BVTK

BVTK is a top-notch super sub-penny runner that came out of our daily trader’s chatroom* a month ago and went from .0002-.0041 in a two-day span.

Following that epic run there were a few profitable dip-and-rip opportunities, and Friday we noticed the stock making another solid 100% intraday day run on increasing volume. We want to keep this one on watch this week for a possible continuation of momentum!

*Do you subscribe to our mailing list? If so, you’re eligible to participate and/or observe our daily trader’s chats via Skype. Simply send a contact request to username ‘stocksumo’ and we’ll take care of the rest.

Extended Watchlist:
OME, WLB, XTNT, CYRM, IDXG, SORL,