INFN Archives - Page 2 of 2 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: APP, ZGNX & Extended Watchlist

American Apparel, Inc. APP

April 15th was the day we brought APP back into the conversation, because if you recall, this is one of our old-time favorites that we turn to around the same time every year for the predictability of its seasonal trading patterns.

Right off the bat, APP did not disappoint- that day we saw a low of .47, and on Tuesday, the stock reached as high as .6895, marking a positive move on the chart of 47% in only a week.

After the resistance at the 50DMA (.68) the next hurdles come at .80, .91, and 1.05. We’ll be continuously monitoring this play over the next several months as it tends to ramp up in price over the course of the summer heading into the height of the retail season.

Zogenix, Inc. ZGNX

ZGNX is a stock that is catching our eye due to the current setup of the chart. If you track back to November, you can see that the stock ran from its current levels to more than 5.00 by February.

We are looking at it now, as it is coming off of a recent bottom, and is gapping up this morning in pre-market activity (Currently trading over $3.00). The RSI is in a general uptrend, and a quick look at the MACD reveals an extremely bullish divergence on the heels of a recent cross.

We just want to throw ZGNX up on our radars at this point, because a return to February highs would mean potential gains approaching 70% from current levels.

Extended Watchlist:
INFN, ZGNX, CLSN, KOOL, IBIO,

INFN, FITX & Extended Watchlist

Creative Edge Nutrition, Inc. FITX

FITX gained roughly 10% on the day yesterday, and now has some untraded-upon news that hit the wires this morning.

If you recall, we outlined a tentative agreement between FITX and GroLife, Inc (PHOT) wherein PHOT’s joint venture with CANX USA, Organic Growth International, LLC (OGI) was said to have struck a series of agreements with CEN Biotech, a partially-owned subsidiary of FITX. The end-goal of these agreements is to establish the world’s largest legal cannabis production facility.

Today, a new name enters the fray, as FITX has announced its partnership with RXMB, Inc. RXNB Inc. is in the field of THC research and development, and has the technology to supply cutting-edge growing technologies for marijuana.

MADISON HEIGHTS, MI / January 31, 2014 / ACCESSWIRE / Creative Edge Nutrition, Inc. (FITX), is proud to announce that it has entered into a licensing and operating agreement with RXNB Inc. RXNB Inc. has a portfolio valuation of $110 million dollars and approximately $27.5 million dollars in annual revenue. It represents a recent merger of a multitude of independent companies in the pharmaceutical and nutraceutical space. >>>FULL PR

Links to Some Relevant Articles:

Seven Companies Capitalizing on Canadian Cannabis

Marijuana Equipment Gives GrowLife a Buzz

Infinera Corp. INFN

INFN appeared in yesterday’s Extended Watchlist, and produced a performance that provided us with a solid gain opportunity. This is a stock that had been on a steady downtrend until Wednesday when its bottom bounce caught our attention. The stock would see a daily low of 8.10 before running to 9.16, a 13% move.

As you can see on the chart below, conditions are still looking pretty favorable for INFN, with an RSI rising sharply toward the powerzone, and a MACD Cross in the making. Yesterday saw the filling of a recent gap, and we’d like to see support hold above 8.50 in order for this play to keep our interest.

Extended Watchlist:
ZNGA, VRNG, BLDP, ARAY, HPJ, CMG

FITX, EAPH, TTDZ, GLCO & Extended Watchlist

Creative Edge Nutrition, Inc. FITX

FITX is among the cannabis stocks that we’ve been tracking since 2012 that began to explode when 2014 trading commenced on January 2nd. We alerted readers of the likelihood of that occurrence in our final report of 2013 on New Year’s Eve. That day, we observed a low of .0045, and yesterday, FITX attained a new high at .065, which means that in just a month’s time, this stock has increased in value by 1344%

We’d like to congratulate anyone who was able to obtain even a fraction of the total possible profits that FITX has afforded us so far in 2014.

Easton Pharmaceuticals, Inc. EAPH

Marijuana related stocks are still very demanding of our attention. Even as some of our other interests in the field tapered back this week, EAPH, like FITX, was able to achieve new highs. EAPH also serves as a prime example of why we don’t discard these pot plays when they consolidate, because they have provided rebound opportunities galore.

In this particular case, EAPH came off of its New Year’s pop, and bounced off of the .008-area to recover all of its previous gains and then some. At Tuesday’s high of .028, our total possible gains from our original Jan. 8th alert from a low of .0041 stood at a whopping 583%

A golden cross formation is also in the making on the EAPH chart, which gives us all the more reason to continue to monitor this stock.

Tritan Distribution Systems, Inc. TTDZ & Global Links Corp. GLCO

Here a couple of new plays to add to our now-enormous marijuana stocks watchlist:

TTDZ catches our eye on the heels of a filing that denoted the reduction of shares of TTDZ common stock from 1.5B to 1.2B. The stock made a huge move during yesterday’s session and appears as if it could gap up to start the day.

Already having been on a sharp uptrend in recent sessions, GLCO had after-hours news concerning the acquisition of Hemp Life Today, LLC and its online Hemp and Medical Marijuana products and information website, HempLifeToday.com, essentially launching itself into the cannabis sector. We will want to follow along to see how the trading community will receive this latest development.

Extended Watchlist:
DARA, DNDN, DGAZ, ACCL, FLEX, MEET, INFN, GRPN, SQNS, FB

FCGD, MDBX, SCON & Extended Watchlist

First Colombia Gold Corp. FCGD

Despite the fact that it closed down on the day, our momentum alert from yesterday morning still provided us with plenty of opportunity to get in and out with a profit in the early part of the day.

After gapping up very slightly to .0044, the stock managed to ride the momentum as high as .007, allowing for gains of up to 59% in the first half-hour. Apart from possible gains right out of the gate, we can also extract a good lesson from what happened next. We saw what is called a “double-top”, which is when a stock bumps into resistance, pulls back, and makes another run at its high before losing momentum, which leads to a pullback like we saw as the day progressed.

We lost interest when the stock failed to hold support at our called level of .006. It is always a good idea to have a mental stop, falling below which point is an indicator that its time to exit. All things considered, FCGD turned out to be a good call, even if the window of opportunity wasn’t open for as long as we would’ve liked.

Medbox, Inc. MDBX

We’d like to give ourselves a quick pat on the back for this play. We last mentioned MDBX on March 12th, along with some of the other medical marijuana related stocks we’ve been actively tracking this year. After that time, the stock was trading as low as 14.02. It is not often we see a Pinksheet stock trading in such a high PPS range, but MDBX managed to touch 38.40 on Tuesday on record volume, marking a move of 174% in roughly six weeks.

MDBX sent out a PR yesterday, pertaining to Tuesday being a record trading day:
HOLLYWOOD, Calif., April 24, 2013 /PRNewswire/ — Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), a leader in providing industry specific consulting services and patented systems to the medical and retail industries, announced that yesterday (April 23, 2013), was the single largest trading day for their stock in the company’s history with over 66,000 shares traded.

Superconductor Technologies, Inc. SCONSCON appeared on Tuesdays extended watchlist, and followed with a great performance, opening at 3.50, and seeing a low of 3.41, before running as high as 5.45. That marks a possible gain of up to 60%

Extended Watchlist:
WSGF, EXMT, MPG, INFN, FSLR