IAG Archives - Page 2 of 3 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: SITO News & More

SITO Mobile Ltd. SITO

Popping up on our scanner this morning is SITO, which, per a premarket PR (excerpt below) released this morning, has entered into an asset purchase agreement with Hipcricket (HIPP).

Upon approval, this deal will create in SITO, one of the largest mobile ad/marketing firms in the industry. This also comes in the wake of what has apparently been a good year for the company. According to SITO’s CEO, 2014 was “a transformative year… which included 27% year-over-year revenue growth”.

These are all reasons why the fact that we’re catching SITO coming off of its 52-low could carry some potentially exciting opportunities on the chart. We’ll have our eyes peeled for further updates on the progress of the deal as we tag SITO for monitoring in the days and weeks ahead.

JERSEY CITY, N.J., Jan. 21, 2015 (GLOBE NEWSWIRE) — SITO Mobile Ltd. (SITO), a leading mobile engagement platform provider, announced today that it has entered into an asset purchase agreement (“Agreement”) with Hipcricket Inc. (HIPP), the leader in mobile engagement and analytics, for $4.5 million in cash, to acquire substantially all of its assets. Hipcricket reported revenues of $26.7 million for the fiscal year ended February 28, 2014 and currently holds 21 U.S. patents covering technology inventions. >> FULL PR

Medican Enterprises, Inc. MDCN

Speaking of plays coming up off of their annual lows, MDCN represented a feat of perfect timing for us yesterday. We noted that the stock had reached its lowest point of the past year on Thursday, and the rebound offered up the chance at a 57% intraday move to kick off yesterday’s trading session.

Beginning from an early low of .023, the stock surged as high as .036 around 11am, with the bulk of the day’s volume (which exceeded the monthly average by threefold) having traded in that time frame.

Congrats go out to any of our readers who were able to reap a profit off of that excellently-timed call of MDCN!

We’re interested to follow the main MDCN storyline, being the recently announced purchase of a 7200sq.ft. commercial facility and dispensary in Phoenix, AZ. We’ll be certain to relay any developments as they come down the pipe.

Netflix, Inc. NFLX – Options Ideas

NFLX continues to surge on yesterday’s after-hours earnings beat in this morning’s premarket activity, and it sets us up nicely for a possible play on some options calls.

What we’d expect to see is some early profit-taking, causing a classic dip-and-rip, and thereafter we’ll be looking to take advantage. Provided the stock holds support above today’s premarket low of 394.80 we’ll be paying close attention to the $395-410 Calls for possible intraday/intraweek flip opportunities.

Side Note: GPRO is also bouncing off a recent bottom, and has our attention as a solid recovery play, therefore we will want to radar call options there as well.

Extended Watchlist:
SCOK, ANV, CYTR, AUY, IAG, AMLH

Blue Horseshoe Stocks: Potential Bottom-Play, HMCP Update & More

GAIN Capital Holdings, Inc. GCAP

GCAP began to get hammered on the heels of yesterday’s announcement by the Swiss National Bank that it would move interest rates caused some volatility in the Swiss franc.

The stock is still getting crushed in the premarket today despite the fact that the move by the Swiss does not materially affect the company, as stated in a commentary released by BCAP yesterday afternoon. >>> READ PR

Currently it has been beaten down to the 6.50-area; its lowest levels since October, so what we’re going to want to do is monitor this play for an eventual bottom-bounce. This is exactly the type of knee-jerk pullback we like to catch, as the recovery can often be extremely profitable for quick-witted traders.

Heritage Media Corp. HMCP

We first brought HMCP to our readers’ attention on New Year’s Eve, and discussed it most recently last Thursday. With such a low float, HMCP is susceptible to rapid movement on relatively little buying/selling pressure, and in the intervening time between those two reports, we witnessed a series of heavy swings in the stock cumulatively totaling 200%

We pointed out that the patterns were making a bullish flag formation on the chart, and it did turn out to be a prelude to further gains. On Monday we observed a low of .003, and yesterday the stock registered a new high for us at .0077, which adds another 156% swing to the already impressive moves we had witnessed previously.

Indicators are still looking ripe as illustrated on the following snapshot, so HMCP will be something that we keep a close eye on into next week.

Extended Watchlist:
RVP, SDRL, EOPN, IAG, PBR, BBEP

Blue Horseshoe Stocks: Momentum Mover & More

True 2 Beauty, Inc. TRTB

TRTB is a momentum play that caught our attention when it began to break out during yesterday’s session. The characteristics of this high-flyer have us on alert for the possibility of continued upward movement, and a subsequent dip-and-rip situation. The stock has a low float, and as we know, that type of structure can give way to surges in buying pressure such as those that are fed by heavy momentum.

This stock virtually exploded yesterday, so it’s going to be very interesting to see how trading action resumes today. With such rapid movement, it wouldn’t be surprising to see significant bounce opportunities once it pulls back from these monstrous initial gains and begins to rebound.

Side Note: TRTB was actually tied to another stock that has appeared in our reports, APDN. Last month the two companies announced a collaboration agreement to develop a DNA-based authentication solution (Read Joint PR) A quick tag search for APDN on our blog shows that we began tracking this stock years ago, going all the way back to the summer of 2012 when the stock was trading below .10. The company just completed an uplisting to the NASDAQ, and is currently trading in the 2.70-range.

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

We’ve been continuously tracking JNUG for several weeks now; on Tuesday, after tagging the play in our extended watchlist, we witnessed a 15% increase from 5.29-6.09.

Yesterday brought forth a consolidation to a morning low of 4.83, and a subsequent intraday snap-back to 5.80 (+20%) and then continued to consolidate into the close, and this morning it appears to be gapping up above the $5-mark.

We’ll be keeping a close eye on JNUG moving forward; despite the dollar being at 5-year highs, supply and demand still play a large role in gold price action, and from October-January with the Indian Celebration of Diwali and Chinese New Year coming up, demand for gold will be pushed to high levels.

Extended Watchlist:
NVAX, MAGS, ANV, IAG, RPI

Blue Horseshoe Stocks: RSH Update & More

Radio Shack Corp. RSH

RSH has made regular appearances in our reports over the past couple of months, starting in the beginning of August, when we caught the stock off of its 52-week low of .55.

Following a major run-up to the 1.60-range on August 29th, the stock has been under a general consolidation amid bankruptcy rumors. This week, the company was hinting at possible refinancing deal that would allow them to avoid that situation for the time being, and this morning, that deal was confirmed.

As a result, the stock is up significantly today, having traded as high 1.65 in the premarket. We’re going to want to see support hold at previous resistance points at 1.15 and 1.30. Already, at today’s early highs, we’re seeing more than a 100% increase off of the lows we observed following our most recent RSH alert (.80)

Rockwell Medical, Inc. RMTI

RMTI is another morning gapper that we’re going to place on watch today. With the stock coming off of a recent bottom, it’s going to be interesting to see how today’s development affects its price action.

The company put out a hefty PR this morning regarding a commercialization/distribution deal with Baxter Healthcare (BAX):

WIXOM, Mich., Oct. 3, 2014 (GLOBE NEWSWIRE) — Rockwell Medical, Inc. (RMTI), a fully-integrated biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with innovative products and services for the treatment of iron replacement, secondary hyperparathyroidism and hemodialysis, announced today that it has signed an exclusive agreement with Baxter Healthcare Corporation, a subsidiary of Baxter International Inc. (BAX), to commercialize Rockwell’s hemodialysis concentrate product line in the U.S. and in select overseas markets.>> VIEW PR

BioCryst Pharmaceuticals, Inc. BCRX

BCRX appeared on Wednesday in our extended watchlist, and what has followed has been two fruitful sessions in a row. From a low of 9.89 on Wednesday, we witnessed as the stock bulled its way into yesterday’s close, reaching a daily high of 11.49, a solid 16% overnight increase.

Inovio Pharmaceuticals, Inc. INO

Speaking of pharma plays, INO, a stock that has appeared several times in our reports recently, is also making moves concurrently with the present concern over the Ebola virus outbreak. The company actually has a Ebola vaccine with which they’ve reported success in treating animals with the deadly virus. Anything to do with Ebola is getting a lot of attention at present, and INO is no exception.

Side Note:

Jobs numbers were out this morning, to a positive reception. We will subsequently be looking for dip-and-rip opportunities with regard to options trading. Friday is characteristically a day when premiums start to come down as a result of time decay, with expirations looming. We’re looking at potential opportunities trading Calls in plays like SPY, AA, ISRG, & GPRO.

Extended Watchlist:
HALO, JBLU, WAVX, IAG, SFUN, NXTD

Blue Horseshoe Stocks: ACGX Update

Alliance Creative Group, Inc. ACGX

We thought today would be a good time to revisit ACGX given the current positioning of the chart. For some of our newer readers; this was a play that has afforded us the chance at some stellar gains over the past couple of months.

Following a huge run to more than a penny back in April, we monitored ACGX for a bottom, which it found at .0035 (May 9th). Since that time, it has made a couple of significant swings, where it has run into some resistance at the .006-.0064 area. We are currently observing another strong move off of its most recent swing-low, with the stock having made higher lows for the past five consecutive sessions.

As you can see on the included chart, ACGX is on the fringe of cracking through its 50DMA, the RSI is about to flip up to the strong side, and the MACD appears to be setting up for a bullish cross. With these factors in alignment, we’re going to want to pay closer attention to ACGX over the course of the week.

Remember, per a recent PR, at the end of the month Alliance will be attending the 1st Annual Weedstock Conference in Denver (June 29-July 1), so we’ll be interested to receive an update on that come July.

More Info:
AllianceCreativeGroup.com

Provectus Biopharmaceuticals, Inc. PVCT

We spotted PVCT on a routine scan this morning, and wanted to include it given the current situation. The stock recently became the target of an upcoming class action lawsuit, and was actually halted on May 23rd. this led to a major selloff when trading resumed, triggering a gap-down.

It appears as if the firm handling suit has another couple of months to pull together plaintiffs for the case, so we’ll be long gone by the time that comes around. We are interested in PVCT purely for the potential for quick-strike opportunities as it corrects itself off of its recent lows in the .30-.70 range.

The re-filling of even a fraction of the gap on the chart could mean rapid profits for us, so we’ll be keeping an eye on this stock over the next few sessions.

Extended Watchlist:
IAG, DARA, SPEX, FREE, RNA, PBR