Blue Horseshoe Stocks: HEAR Recap, Bottom Play & More

Turtle Beach Corp. HEAR

We do our best to keep up with all of the stocks we mention in our daily premarket reports, and this morning, we want to swing back to HEAR, which we were signaling for observation back on April 9-10th. Shortly thereafter, the stock traded for as little as 2.76, before beginning a steady month-long bull run.

Yesterday, HEAR attained a new high of 7.48, marking an excellent move up of 171% inside of the past month! Cheers go out to anyone who might’ve been able to take advantage of this very fine call.


Vista Outdoor, Inc. VSTO

We ran across VTO on our routine morning scan today, and want to include it as a high-potential bottom watch play. Whenever we see a stock this beaten back, and so egregiously oversold, we immediately go into rebound watch mode.

To help us take advantage of a possible recovery, which is overdue at this point, we’re going to want to signal an options idea to keep watch over in the days and/or weeks ahead- the VSTO 08/17 $15 Calls.


Extended Watchlist:
UURAF, LODE, PI, RKDA, BLNK, NIHD, FCRE

Blue Horseshoe Stocks: HOME Recap & More

Alibaba Group Holding Ltd. BABA – Options Idea

We’d like to start things off this morning by taking a look at BABA, which recently has formed a strong double-bottom setup on the chart. The stock is gapping up in premarket trading today, currently in the mid-$170’s and we’d like to formulate an extended term options idea to track over the next few weeks for an overdue recovery.

We’re going to zero in on the BABA 05/04 $180-187.50 Calls, which will give us plenty of time for the stock to realize the kind of gains that look very possible from a technical standpoint at this juncture.


At Home Group, Inc. HOME – Update

On the morning of March 23rd, we had selected a longer-term idea for the HOME options chain, and we wanted to take a look at the moves it has made in the three and a half weeks since that time.

Our target set of contracts was the HOME 04/20 $30 Calls, and with the stock surging to nearly $35 this week, those calls have been pushed well into the money and produced a heck of a gain opportunity. From the low shortly after our initial alert to a new high reach yesterday, we’ve seen a run from 1.31-5.50, which represents a chance at profits of up to 320%


Extended Watchlist:
ATRA, DQ, CHFS, RSLS, NVCN, HEAR

Blue Horseshoe Stocks: PSMT Review & More

Pricesmart, Inc. PSMT

On Friday morning, we selected a pair of contracts in the PSMT options chain, and we want to start off this new trading week by updating our readers on the excellent progress those calls made.

Our targets were the PSMT 04/20 $80 & $85 Calls and some very nice intraday gains were posted on both counts. The $80 Calls made their way from a low of 5.12 up to 10.98 for a move of 114% while The $85’s traded up fromĀ  2.50 to 6.70, marking a 168% rip.


NII Holdings, Inc. NIHD

We also want to look back on the recent performance of NIHD. We placed this stock on watch in our report from the morning of February 28th, and after seeing its low the following day, the stock hasn’t looked back since.

From that low, which came in at 1.115 (03/01), NIHD has gradually pressed its way up as high as Friday’s mark of 2.6092, which represents a 134% swing in the course of five trading weeks.


Extended Watchlist:
MYSZ, ABEO, HEAR, TEUM, LUK, EYEG, SGMO, NVCN (Bottom-Bouncer)