DECN Archives - Page 2 of 4 - Blue Horseshoe Stocks

Biotech Reviews & More

BioSig Technologies, Inc. BSGM

We began tracking many stocks with coronavirus synergies back in the late winter and early spring this year, as the global threat was still in the earlier stages of emergence. Our first alert on BSGM was on April 7th, and the stock would go on to run from under $4 to more than $12,

In the last few weeks, BSGM has finally begun to come down off of those highs, and we are now interesting in tracking it more closely for a potential bottom bounce. We’ll be looking out for the stock to establish support, and possibly make another significant run in coming weeks.
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iBio, Inc. IBIO

Speaking of coronavirus related stocks that have done well, IBIO was among those that we have been tracking since word of the pandemic began to spread widely, and we have seen a very nice move from it as well.

Following our most recent mention on March 17th, the stock saw a low of .76, and to finish off last week it hit a new high of 2.69. That’s a 254% increase, and a perfect example of the kind of impetus that the virus has provided to a lot of these mid-sized biotechs.

Ideanomics, Inc. IDEX

We took notice of an interesting situation with IDEX currently transpiring. Last week, the stock tumbled on word of a possible class action suit currently being investigated. Today, it’s bouncing back in the premarket after the company announced the delivery of more than $3M in Chinese EV orders.

We’ll be interested to track its progress out of the gate as we kick off a fresh trading week today, without any notable earnings reporters on the calendar.

Extended Watchlist:
ITRM, LVXI, MYRY, PVDG, DECN, BHTG,

Bottom-Watch Signal & More

The Cato Corp. CATO

With the coronavirus pandemic still raging, we’ve been forced to move away from our traditional technical-based trading methods and become more opportunistic. In the case of CATO, however, we have an interesting opportunity with the stock being pressed down to its lowest prices in over a decade, just yesterday.

We are always looking for stocks that are searching out new lows, and will observe carefully in the days and weeks ahead as CATO establishes its own bottom. The company announced at the beginning of last month that would reopen most of its stores.

ABM Industries Inc. ABM

In yesterday’s premarket report, we signaled a pair of contract sets to put on watch in the ABM chain, and we did see some solid movement in those on the day. They were the ABM Weekly $30 & 35 Calls and both made notable increases, with an especially impressive performance coming from the $35’s.

ABM Weekly $30-35 Calls
$30: 5.00-8.60 (+72%)
$35: 1.11-4.00 (+260%)
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Fresh Ideas:
JBL Weekly $33.50-34.50 Calls*
KMX Weekly $98.50-100 Calls*

*Please do not attempt to trade weekly options on a Friday unless you are an advanced level trader with access to disposable funds.

Extended Watchlist:
NGCG, MRGE, DECN, VYST, UONE, UONEK, SALM, NTN

Options Recaps, Bottom Bouncer & More

Novavax, Inc. NVAX – Recap

We would like to kick things off this morning by circling back around to an options idea we had submitted last week. We targeted the NVAX 05/22 $38-40 Calls which saw their lows on Thursday and ran into this week, posting some really nice moves.

We wanted to highlight those, potential gains, although it would appear the stock’s run is over, so we likely won’t be tracking these into expiration. The company announced a huge capital raise this morning which is not being looked upon favorably by the investment community.

At any rate, the ranges on our NVAX targets from last week into this week were as follows:

NVAX 05/22 $38-40 Calls
$38: 3.08-20.86 (+122%)
$39: 2.67-20.00 (+246%)
$40: 2.10-20.00 (+293%)
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Fresh Ideas:
LOW Weekly $120-125 Calls
WMT 05/29 $129-130 Calls

Verastem, Inc. VSTM

This biotech isn’t coronavirus related, and we have not done a whole lot of technical trading since the crisis started, but we do like where this play is on the chart at the moment.

It had come down to hold support near a previous bottom, stringing together some higher lows and higher highs this week, and we’re going to put it on our running watchlist going forward.

Extended Watchlist:
SPOM, SBDS, DECN, MMMM,

Markets Crashing, Bears Cashing!

Options Updates:

In these exceptionally volatile times, it’s always good to have both long and short targets, depending on which way the wind is blowing. With the help of yet another bloody day for the markets at large, the bearish ideas we’ve been tracking in MAR all week tacked on some impressive new highs, and the new CYBR Puts we added in fresh for yesterday’s report immediately went exponential.

In the case of MAR, these numbers represent 2-day swings, and for CYBR, we’ve got yesterday’s intraday ranges:

MAR Weekly $86.50-85 Puts
$86.50: 2.80-11.72 (+319%)
$86: 2.70-11.27 (+317%)
$85.50: 2.20-9.07 (+312%)
$85: 2.13-10.00 (+369%)
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CYBR Weekly $107-104 Puts
$107: 2.70-11.90 (+341%)
$106: 2.80-9.87 (+253%)
$105: 2.26-10.00 (+342%)
$104: 2.40-9.00 (+275%)

With the aforementioned winds once again blowing in a bearish direction this morning, we’ll keep an eye out for even more new highs in these plays. We’ll also add in a related idea for the SPDR S&P 500 ETF, and put the SPY Weekly $280-278 Puts on watch into tomorrow.

New Options Ideas:
EQM Weekly $15-17.50 Calls
JACK Weekly $65-60 Puts
ONEM Weekly $25-22.50 Puts

Extended Watchlist:
SEGN, HENC, SPOM, DECN, CIVX, BCII

Stock and Options Success

Options Review

A couple of the options trading ideas we floated in yesterday morning’s premarket report turned out to be solid winners on the day. We had highlighted calls in the SNAP and CMG chains and in both cases we met with some serious opportunities.

SNAP Weekly $14-15 Calls
$14:1.20-3.10 (+158%)
$14.50: .65-2.58 (+297%)
$15: .61-2.15 (+252%)
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CMG Weekly $810-840 Calls
$810: 39.61-83.10 (+110%)
$820: 29.60-84.00 (+184%)
$830: 26-70.40.00 (+50%)
$840: 20.36-64.00 (+214%)
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Fresh Options Ideas
ORLY 05/15 $390-400 Calls
LLY Weekly $155-160 Calls

Other Updates – Here are some stock calls we’ve scored on so far this month, that were helped to new highs yesterday as the markets surged and stayed green throughout the course of the day.

Decision Diagnostics Corp. DECN
Called: April 7th,
Overall Range: .125-.40
Gained: 220%
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BioSig Technologies, Inc. BSGM
Called: April 7th, April 22nd
Overall Range: 3.45-7.23
Gained: 110%