Bluebird Bio, Inc. BLUE – Bottom Watch
We’re kicking things off for this fresh trading week by sharing an interesting potential bottom-play find that we ran across today. Oftentimes when we see a stock beset by class action lawsuit news releases, where legal firms are essentially begging investors to cry foul, we are able to take advantage of the resultant selloff. More often than not, nothing truly damaging comes from these scenarios, and we have frequently been the beneficiaries of such situations.
We’re going to place BLUE on watch for a possible recovery as it has been beaten down to untenable low levels in recent weeks, becoming incredibly oversold. There is a massive topside gap on the chart, the filling of which could create some excellent opportunities in the weeks and months ahead.
We are going to signal the BLUE 05/21 $30-40 Calls for observation and track them over the next several sessions. When and if a bottom bounce goes into effect, things could get very interesting for those targets.
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Fresh Options Ideas:
DISCA Weekly $50-52.50 Calls
CTB Weekly $49-50 Calls
Don’t Miss Tomorrow’s Report!
We also wanted to give our readers a reminder to check out tomorrow’s premarket report, in which we’ll be revealing a silver play with a ton of upside potential!
Precious metals are hot right now especially with a fresh round of government stimulus in the works, which could damage the strength of the US dollar, and the company we will be presenting tomorrow represents a prime chance to hedge against that outcome. Watch those inboxes or head over to BlueHorseshoeStocks.com to catch the report around 9AM tomorrow!
Extended Watchlist:
GNMD, BTZI, BFCH, GTEH, EFIR, BRTX, XTRM, ABPR, VSQTF, BFARF