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Blue Horseshoe Stocks: Bottom-Bounce Watchlist & More

Bottom-Bounce Watchlist

We’ve got a trio of potential bottom-plays hitting our scanner this morning, and as our regular readers are surely aware, we’re quite fond of bargain-basement prices. Our history is chock-full of solid recovery based gains.

Eldorado Gold Corp. EGO – This gold play showed up on our radar this morning after Friday saw the stock record a hint of a rise off of its lowest PPS since early April. As you can see on the included snapshot below, the chart is boasting an RSI that appears ready to come off of being oversold, with clear convergence on the MACD hinting at an impending bullish cross. We’ll place this one on watch for upcoming sessions as we kick off this short trading week.

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ITT Educational Services, Inc. ESI – This stock showed signs of life on Friday, coming up off of the new 52-week low it registered on Thursday. In addition to being egregiously oversold at this point, there is a monstrous gap on the chart from the low-.70’s on up to the 1.40 range. We’ll be looking for an eventual fill which would of course spell gains approaching 100%

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Dynavax Technologies Corp. DVAX – In a moderate morning gap-up, DVAX has already begun to regain some of the ground it lost on Friday following the FDA’s decision to delay its decision on the company’s hepatitis vaccine. No surprise, as the 30% selloff seemed a bit of an overreaction.

We’ll look for the rebound in progress to continue, and will remain interested provided it maintains support above this morning’s premarket low of 12.27. Bonus Options Idea: If the recovery unfolds as we suspect it might, we’ll be anxious to tracj the activity in the DVAX 09/16 $12 and $13 Calls.

Auscrete Corp. ASCK

We also want to provide a brief update on ASCK, a subpenny play which we placed on watch in Wednesday’s premarket report. After coming down to find support at .0023 the stock ultimately reached a new high of .0065 on Friday.

It marked an intraweek swing of 183% and qualified for a continued spot on our working watchlist.

Extended Watchlist:
NAVB, KGJI, SGBY, NAV, SPU

Blue Horseshoe Stocks: Recap on RPRX, JNUG, Others

Repros Therapeutics, Inc. RPRX

The primary attraction to come off of our report on Friday was definitely RPRX. The stock had one heck of a solid session, building steadily all day long. It traded from a morning low of 7.66, and reached as high as 10.25 just prior to the close, and did so on volume which exceeded the 3-month average by nearly eight times. That’s a really impressive run from a stock in this price range.

We originally caught RPRX on October 17th after catching the stock gapping down to 52-week lows, and measuring from the low we observed subsequent to that report (5.97), Friday’s high represented an overall increase of 71%

The company is slated to release earnings today >> View Earnings Calendar

Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG)

Also jumping off of Friday’s extended watchlist with a good showing was JNUG. We seemed to have timed our mention of this ETF quite well, with gold prices having bounced off of their annual low on Thursday, it set the stage for JNUG to make a respectable intraday day for us.

It traded in a range from 3.59-4.44, gaining as much as 24% on considerable volume, to the tune of 4.5X it’s 3-month average.

JNUG could be an interesting play moving forward providing the rebound in the price of gold is sustained, so that will be one of the things we’ll be interested to watch for as we kick off a new trading week.

Dendreon Corp. DNDN

DNDN is taking a massive premarket pounding this morning in the wake of the company’s filing for Chapter 11 protection. It’s worth noting, despite the forthcoming restructuring, the company will continue to produce and distribute its PROVENGE immunotherapy treatment, and has declared that it “has significant liquidity to support all of its operations during the restructuring process, with approximately $100 million of cash, cash equivalents and investments on hand as of November 7, 2014” >> View PR

Because of the nature of the situation, we’ll be exercising extreme caution, but we still want to monitor the stock for a bottom and subsequent bounceplay opportunities that could come as a result.

Extended Watchlist:
ACHN, IBIO, ARQL, DVAX, UEC, OIBR

ARIA, PVG, ATRM, TEMN, INVA & Extended Watchlist

ARIAD Pharmaceuticals, Inc. ARIA

ARIA is the first of three solid winners to come off of our Extended Watchlist from Friday morning. The stock began by touching a daily low of 3.30, followed by a run into the 4.04 high, marking the opportunity for intraday gains of up to 33%

Just a word of caution, the company has a pending lawsuit in which it is being sued by a multiple plaintiffs in a securities fraud case that will commence next month. On October 9, 2013, the Company announced that the U.S. Food and Drug Administration placed a partial clinical hold on all new patient enrollment in clinical trials of Iclusig, following reports of non-serious and serious adverse events in Iclusig-treated patients. Following this news, the price of ARIAD shares dropped nearly 66%, or $11.31 per share, from the previous day’s closing price of $17.14 per share, to a closing price of $5.83 per share on October 9, 2013, on extremely heavy volume.

As a result, investors who purchased ARIA stock between Dec.’11 and Oct.’13 are eligible to take part in the class-action suit.

Pretium Resources, Inc. PVG

PVG was another substantial gainer for us on Friday, bringing us gains to the tune of 48% as the stock tore out of the gate, pausing only briefly near its low of 3.93 before skyrocketing as high as 5.80 early in the session. For the remainder of the day, PVG held much of those daily gains, and managed a strong close at 5.32.

That kind of momentum makes PVG a good candidate for a possible continuation of momentum, so we want to make sure we’re paying close attention as we begin this short trading-week.

Aetrium, Inc. ATRM

ATRM is another one that came out of the gate with guns blazing on Friday. After opening at 8.46, the stock spiked sharply to a morning high of 10.45, nice 24% move.

Later in the session, we observed a bounce from 5.60 back up to 6.68, which added an opportunity for an additional 19% gain, bringing the total cumulative gains for ATRM to a very respectable 43%

When added to the gains we saw from our other selections, our total possible gains for Friday’s session topped out at 124% All in a day’s work!

Team Nations Corp. TEMN
&
Inova Technologies, Inc. INVA

We observed these two sub-penny plays hitting our scanner on Friday, trading substantial volume. We want to be on the lookout for any possible continuation of momentum heading into this week.

In the case of INVA, the stock was trading at more than a penny as recently as October, and is now coming off of a bottom, so it will interesting to see how much of its lost ground it can gain back. A return to October levels would mean gains up to and exceeding 100% from its current price.

TEMN Video Chart:

Extended Watchlist:
INO, OREX, CAMT, SIRI, DVAX, ONVO, GLUU

DUSS, AAPL, STWG & Extended Watchlist

Dussault Apparel, Inc. DUSS
–
Our first alert on DUSS came last Wednesday the 16th, at which point the stock jumped from .001-.0015, giving us the chance at intraday gains of up to 50% DUSS would repeat this action the following day, once again bouncing from .001 to .0015.

We had DUSS on our watchlist once again on the 23rd following a sell-off from previous highs, and were just in time to catch a low of .0009, and watch the stock jump 44% to yesterday’s close at .0013. Highly volatile plays like this one are not for the faint-of-heart, and while extreme caution should be employed in trading such stocks, it’s plain to see that they can also facilitate a multitude of rapid-gain opportunities.

Apple, Inc. AAPL – Options

AAPL has continued its uptrend all week, and the 11/01 $505 Calls that we’ve been tracking since 10/16 have continued their ascent as well. They’ve now reached 32.53 from where we began in the $12-range. The $510 Calls, starting out at $10 have charged as high as 28.91.

On Tuesday, we talked about moving our strike price closer to the money, while AAPL was trading in the high $520’s; we then saw a pullback to $508, and traders could have jumped into the $525 contracts at a deep discount. They went as low as 9.50, and yesterday touched a 19.70 high en route to a strong close at 19.35.

That’s the second time in the past week that our options ideas have yielded possible gains in the triple digits.We are going to stay on top of Apple as the earnings release on the 28th approaches. Historically, the stock has a tendency to run into earnings announcements in addition to high volatility on the day of release. We’ll be ready and waiting to time our plays accordingly.

S2C Global Systems, Inc. STWG

We caught STWG on a volume scan back in December of last year. In subsequent months it ended up showing us a huge move from sub-penny levels up to .02, and presenting the chance at quadruple-digit gains, as some of our long-time readers might remember.

We are looking toward STWG once again, as it seems momentum has been picking up recently; volume has been increasing and accumulation is at an all-time high. We are going to be monitoring for a move past that previous swing-high at .02, which would trigger a blue sky breakout.

BARCHART.COM currently lists STWG with 100% “Buy” Ratings in both the short and medium term.

Extended Watchlist:
WTER, CECO, COCO, ELY, DVAX

HNR, CETV & Extended Watchlist

Harvest Natural Resources, Inc. HNR

HNR set off our scanner this morning as this energy stock appears to be gapping up heavily in pre-market trading. Harvest announced this morning that it had entered into negotiations to sell the company’s Venezuelan assets, and spin off its remaining assets into a new company, a move that the CEO believes the proposed sale “affords the Company and its shareholders the ability to reap the benefits of our exceptional portfolio in the near term.” We’ll certainly be watching, as HNR is currently up 35% (a/o 8:30am).

In addition to this morning’s press release (below), the company will be holding a conference call tomorrow for anyone interested in learning more about the proposed transaction and its ramifications. To access the conference call, dial 800-344-6698 or 785-830-7979, five to ten minutes prior to the start time. At that time you will be asked to provide the conference number, which is 3073565. A recording of the conference call will also be available for replay at 719-457-0820, passcode 3073565 through September 17, 2013.

HOUSTON, Sept. 11, 2013 /PRNewswire via COMTEX/ — Harvest Natural Resources, Inc. (NYSE: HNR) today announced it has entered into exclusive negotiations with Pluspetrol Venezuela S.A., an entity belonging to one of the leading exploration and production companies in Latin America, to sell the outstanding shares of Harvest. >>> FULL REPORT

CEM Enterprises CETV

We first called CETV on May 10th after it popped up on our Form-4 scan. At the time it was trading at 2.67, and in the roughly four months since that time, it has yet to dip below that price.

We are placing it back on watch for further gains as it is approaching its recent high of 4.85 (reached at the end of August), which represented a gain of 82% from our bottom. We’re interested to see if the stock can now break past that previous swing high for added gains. Conditions on the chart suggest this as a possibility, as you can see, the RSI is rumbling toward the powerzone, we have a potential Golden Cross of the 50 & 200DMA currently setting up.

Extended Watchlist:
AQUM, VTUS, PSTI, DVAX