Blue Horseshoe Stocks: HERO, Options Update & More

Hercules Offshore, Inc. HERO

We had HERO figured for a bottom-watch play, and began mentioning the stock a couple of weeks ago for the first time since last summer. After seeing a significant gap-down to start the week, the stock has responded by posting a couple green candles on the chart.

HERO is trending off of a multiple bottom, and is now going to be on our list as a potential momentum play. From the included chart below you can plainly see the kind of volatile swings the stock is capable of making. We’ll be on the lookout for it to first fill in that gap, followed by a breach of the 200DMA. Should that occur, we could see another series of gains resembling those from February and March.


Computer Sciences Corp. CSC – Options Update

Next we want to update our readers on an extended-term options idea we submitted last Wednesday. Despite already seeing significant intraweek moves from contracts within our highlighted range of CSC 06/17 $44-48 Calls, yesterday brought along further opportunities. The gains perhaps weren’t of the magnitude that we’re accustomed to seeing in many of our options plays, but they were solid chances for profits nonetheless:

$45 Calls – Range: 3.20-4.20 – Max Gain: 31%
$47 Calls – Range: 1.65-2.80 – Max Gain: 70%
$48 Calls – Range: 1.25-2.20 – Max Gain: 76%


CafePress, Inc. PRSS

Lastly, another quick idea to add to the mix in PRSS. Aside from the chart being technically attractive, trading near relative lows at a double-bottom, we’re also interested in PRSS for the Form-4 that was filed last week showing a major investor picking up a sizable chunk to add to his position (>>View Filing). We’re going to add this to our own working watchlist and observe it closely in sessions to come.


Extended Watchlist:
TDCP, AJBI, GTHP, GOVX, IMUC

Blue Horseshoe Stocks: MXSG, ABRW Recaps, Options & More

Mexus Gold US  MXSG

MXSG was the first of a pair of extended watchlist plays from yesterday’s morning report to produce an appreciable intraday move that could’ve been used for healthy single-session gains.

From its opening price of .045 the stock spent the entire morning on a steady uptrend that carried it to a high of .0699 shortly after 12pm. That was good for a daily profit of up to 55%  We next observed a dip-and-rip pattern in afternoon trading wherein the stock came down to find support at .0481 before launching back to the closing PPS of .0615; an added swing of 28%

Those moves came on more than quadruple the 30-day average trading volume and with a strong close, we’ll be sure to leave MXSG on our track-list in coming sessions.

We actually called this play back on February 5th at which time the stock was trading at  .0016. Yesterday’s high represented an unreal 3744% increase in roughly three-and-a-half months over that low!


American Brewing Co. Inc.  ABRW

The other significant runner that showed itself yesterday was ABRW. This was one that was also good for a quick rip right from the opening bell.

We witnessed an immediate spike from .98 up to 1.51, which represents a rip of 54% While the stock did trade mostly sideways for the remainder of the session, it managed to close at 1.35, maintaining well over half of its daily advance. That qualifies this play for continued observation as well.


Fresh Options Ideas

For the first time this week, we’re going to submit a couple of fresh plays on the options trading front.

SPDR S&P 500 ETF Trust (SPY) – The SPY has been a go-to for us when we want a chance to leverage overall market sentiment to our advantage. With strong performance from the markets as a whole, as well as cracking its 50DMA yesterday for the first time in several sessions, our highlighted range here is going to be SPY Weekly $208-210 Calls.

Apple, Inc. AAPL – It has been quite some time since we formulated any options ideas for AAPL, but it is one that has produced winners for us on a multitude of occasions in the past. The stock has been rebounding and showing strength over the past couple of sessions. Couple that with, as we just said, an overall bullishness in the general tone of the markets at large, and it makes AAPL an attractive target for us today, and into the near future. We’re going to zero in on AAPL Weekly $98-99 Calls for possible quick-strike opportunities, as well as AAPL 07/17 $101 Calls for a more of an extended-term idea.

Bonus Idea: CSC 06/17 $44-48 Calls


Extended Watchlist:
TSPG, IORG, NVAX, HERO, NWY(Bottom-Watch)

Blue Horseshoe Stocks: KGNX, HERO Recaps & More

KollagenX Corp. KGNX

We tagged KGNX in yesterday morning’s premarket report, and were met with a fantastic intraday gain opportunity from this subpenny runner that has brought us good chances to gain in the past. (We’d initially tagged it coming off of its 52-week lows in March)

Yesterday we observed a low of .00189 in the stock before it took off, running hard and reaching a high of .0037 shortly before 1PM. That marked an upswing of 96% on close to nine times the monthly average trading volume, and KGNX closed with enough strength (.003) to qualify it for further observation as a possible momentum play.


Hercules Offshore, Inc. HERO

Speaking of momentum, that was what led us to feature HERO in yesterday’s report. The stock had already strung together three consecutive sessions of building higher lows, and it continued that trend for us with a solid performance on the day.

HERO traded in a range from 1.52-1.99, a respectable rise of 31% and it did so on a little over three times the 3-month average volume. This morning we’re seeing a slight gap-up in HERO to a premarket high of 2.15, which extends our observed range to an overnight gain of 42% We’ll keep tracking this one for a potential continuation of momentum as well.


Fresh Options Idea 

Target Corp. TGT – Target is tumbling in the premarket this morning on disappointing sales and Q2 guidance, leading us to submit a bearish idea for the stock’s options chain. We’re going to put TGT Weekly $69-65 Puts on our short-term radars today. We’ll remain interested in these contracts


Extended Watchlist:
GTHP, TRKK, APA, ORMP, FCAU, FAC(Bottom watch)
CBYL(Gap to fill up to 2.25)