HNR Archives - Blue Horseshoe Stocks

Blue Horseshoe Stocks: OWCP’s Epic Run Persists & More

OWC Pharmaceutical Research Corp. OWCP

At this point, over a week since we first alerted on OWCP, we’re beginning to run out of superlatives to describe the uptrend that has now persisted over the span of an entire trading week. It’s increased by leaps and bounds each day, and yesterday produced one of the biggest intraday rips yet.

From its morning low of .035, the stock pushed its way to a new high of .073 for a solid double-bagger (+109%) on the day, and an absolutely massive rise of 1522% over our observed low from last Thursday.

Just as we stated in yesterday morning’s report, we want to keep our heads on a swivel concerning OWCP moving forward. When this monstrous breakout finally does end, opportunities for a subsequent dip-and-rip may present themselves, and at that point we’ll be ready to strike once again.

Ruby Tuesday, Inc. RT

We haven’t talked about Ruby Tuesday’s in our reports for nearly two years, but we see good cause to take a moment to revisit it today. Instances in which we see clear-cut short to moderate-term opportunities in both a stock and its associated options chain are rare indeed, but it appears we have just that with RT.

As you can see on the snapshot below, it just set a new 52-week low yesterday, but there was a notable recovery before market close wherein the stock recouped more than half of its daily losses. It makes RT a prime bottom-bounce candidate, and our other favorite indicators, the RSI and the MACD are both strongly suggesting that a more sustained rebound could be in the cards.

Additionally, we’re going to keep an eye on the RT 11/18 $2.50 Calls for a possible short to mid-term options trading opportunity if the recovery in RT plays out as we suspect it might.

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Added Note: We also placed the DIS 11/11 $94-96 Calls on extended watch yesterday and the stock did begin to make the move up we were banking on there, so we’ll continue to track those closely as well.

Extended Watchlist:
AGTK, APYP, HNR, RGSE, PJET

Blue Horseshoe Stocks: Momentum Plays & More

Top Ships, Inc. TOPS

We are going to place TOPS on bottom-bounce watch this morning. Yesterday the stock held in there just above its 50DMA, and recent support levels. Earlier this summer, the stock shot up exponentially so the ability to make drastic moves to the upside is present.

We’re going to throw TOPS on the radar and will remain interested in tracking its progress provided it holds above its recent swing low of 3.67. As you can see on the included chart snapshot, the MACD appears to be converging toward an impending bullish cross, to that will be a signal to watch for as well.

Northwest Biotherapeutics, Inc. NWBO

Here’s a stock that has had a whirlwind couple of sessions this week, breaking a long pattern of consolidation with two extremely bullish sessions.

We’re going to want to place NWBO on watch as a possible momentum play on the chance that it continues this multi-day run. As long as it can maintain support above yesterdays low which coincides with the 50DMA at .43, we’ll be watching for more solid intraday moves.

Agritek Holdings, Inc. AGTK

We began tracking AGTK at the beginning of August (08/02), and most recently reminded readers about the stock yesterday morning.

What followed was a nice intraday pop, and new overall high as it ran from .0026 to .0035, for a 35% swing. From the .0013 low we observed just after our initial alert on the play last month, yesterday’s high represented a total increase of 169%

It both cracked and held above its 200DMA into the close and the RSI just managed to breach into the power zone. We’ll be anxious to continue tracking its progress moving forward following these bullish signals.

Extended Watchlist:
AEZS, MTNB, NYMX, HNR, RELV, GBSN

BLRX, LSI, FREE & Extended Watchlist

BioLineRx, Ltd. BLRX

BLRX popped our scanner this morning, and we thought we’d pass it along as it appears to be one of this morning’s most active in pre-market trading. The stock is gapping up on the heels of an early-morning press release.

It has been filling a large gap on the chart for the past several months, and we wanted to radar the stock this morning as a total fill back to levels observed this past Spring could mean significant gains from current levels.

JERUSALEM, Dec. 16, 2013 /PRNewswire via COMTEX/ — BioLineRx (NASDAQ: BLRX; TASE: BLRX), a clinical-stage biopharmaceutical company dedicated to identifying, in-licensing and developing promising therapeutic candidates, announced today promising initial results for its BL-8040 drug candidate in a Phase 2 clinical trial for patients with relapsed or refractory acute myeloid leukemia (AML). >>>Read Full PR

LSI Corp. LSI

Another stock to turn up on our morning scan is LSI. We are witnessing a heavy gap-up as the stock is currently trading up roughly 40% in pre-market trading.

At current levels in the 11.00-range, LSI qualifies for Bluesky Breakout status, so this is definitely one we want to monitor as we begin this new trading week.

FreeSeas, Inc. FREE

We are re-alerting FREE this morning. Some of you may recall back in September, when we rode this play from less than a dollar, all the way up to mid-4.00 range. The stock has generally consolidated since that time, and is now coming off of its bottom.

Chart indicators point to potentially large gains in the near future, with the MACD having just undergone a bullish cross, and the RSI sharply rising, preparing challenge the 50-line.

After yielding us gains of more than 400% the first time, we are eager to see what the current trend could produce.

Extended Watchlist:
INOL(trading at all time lows), S, BRD, AGEN, SLTM, PATH, WYY, RVLT, HNR

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