Tag: OREX

Blue Horseshoe Stocks: Pharma Watchlist & More

Lexicon Pharmaceuticals, Inc. LXRX

We’re taking notice of LXRX this morning in the wake of a premarket PR that has the stock trending up to its highest levels of the past three months; it contained updates on current projects as well as increased earnings. The addition of an interesting setup on the chart gives us good reason to place LXRX on watch this mid-week.

As you can see on the snapshot below, the stock gapped down significantly at the end of November. In premarket activity today we’re seeing a partial fill taking place. We’re going to be watching for LXRX to fill the remainder of the gap into the mid 1.20’s where its next area of resistance will come in at the 200DMA of 1.28.

THE WOODLANDS, Texas, March 4, 2015 /PRNewswire/ — Lexicon Pharmaceuticals, Inc. (LXRX), a biopharmaceutical company focused on developing breakthrough treatments for human disease, today updated its drug development progress and reported financial results for the three months and year ended December 31, 2014.>> VIEW PR

Pharmaceutical Watchlist

There are a number of other pharma and biopharma stocks gapping up in the premarket this morning, some of which have appeared in our reports in the past. We’ve listed them below along with links to today’s news, where applicable:

Keryx Biopharmaceuticals, Inc. KERX


Atossa Genetics, Inc. ATOS


Coronado Biosciences, Inc. CNDO

Coronado Biosciences Forms New Subsidiary, Checkpoint Therapeutics, to Develop Novel Immuno-Oncology Antibodies (Wed 8:30AM EST)

PhotoMedex, Inc. PHMD

Orexigen Therapeutics, Inc. OREX

KaloBios Pharmaceuticals, Inc. KBIO

Earnings-Related Options Ideas

American Eagle Outfitters, Inc. AEO beat expected Q4 profits and revenues, and is gapping up as a result. To take advantage of the trend, we are monitoring options trading possibilities in the AEO Weekly $15-16 Calls

Abercrombie & Fitch ANF fell short of expectations with regard to sales, which is fueling a downtrend here in the premarket, so we’ll take the opposite approach here, and keep an eye on ANF Weekly $23-24 Puts.

Extended Watchlist:
IFON, PLUG, NPTN, WLT, LEI

Blue Horseshoe Stocks: APP, BLDP & Extended Watchlist

American Apparel, Inc. APP

APP has continued to please us with its performance at every turn since we brought it back to our reports on Tuesday of last week at a low of .47.

We saw it run 47% to .6895 on Wednesday, and yesterday, after tagging the play once again, it pushed it limits further, making an intraday move of 24% from its daily low of .66 up to .8157.

So, in only eight sessions since we turned our attention back to APP, it has achieved an overall increase of as much as 74% (.47-.8157). Cheers go out to anyone who pounced on the opportunities provided by APP this week.

Ballard Power Systems, Inc. BLDP

For over a year we’ve been tracking BLDP, and have seen some impressive trading action in that time. The stock traveled from under 1.30 toward the end of 2013, and ran as high as 8.38 in March.

After a consolidation period, wherein the stock has come down to find support at 3.41, we are beginning to like the lok of the chart once again.

Yesterday’s high of 4.13 was just shy of the 50DMA (4.14), and BLDP is now trading above the 50DMA in the pre-market. Additionally, the MACD indicator is presently coverging toward a bullish cross.

VANCOUVER, April 24, 2014 /PRNewswire/ – Ballard Power Systems (BLDP)(BLD.TO) today announced that it has acquired the transportation- and stationary-related fuel cell intellectual property (IP) assets of United Technologies Corporation (“UTC”, NYSE: UTX). These assets consist of approximately 800 patents and patent applications, as well as patent licenses, invention disclosures and know-how primarily related to Proton Exchange Membrane (PEM) fuel cell technology. >>> FULL PR

Extended Watchlist:
VDSI, TAST, HILL, OREX, LSCC, GBGM(Watching for bottom)

BGMD, CYTR, ECTE, NRF, SIOCF & Extended Watchlist

BG Medicine, Inc. BGMD

BGMD helped us toward an extremely successful day of trading on Tuesday, and for the second day in a row, the number one spot of all newsletters on the Penny Stock Rumble.

After briefly touching a low of .6115, the stock exploded to a subsequent high of 1.29, marking a possible gain of up to 111% for sharp traders. This happened on more than 33x the 3mo. average volume, qualifying BGMD for momentum-mover status.

We’ll definitely want to follow the activity on this play today, it appears to want to gap up this morning, and could still have added gains in store for us.

Big Volume News Plays

The following three picks come off of our pre-market scanner with news out today, and we wanted to radar them. As we’ve shown with the past couple of days, our scans routinely reveal hidden gems that can provide us with an edge. We’ve taken the Penny Stock Rumble two days in a row, now let’s see that hat-trick!

CytRx Corp. CYTR
Reporting Highly Statistically Significant Positive Results from its Global Phase 2b Clinical Trial  >>>FULL PR

Echo Therapeutics, Inc. ECTE
Echo to receive a $10 million cash investment from MTIA and Platinum Partners –Company will withdraw the offering identified in recent Form S-1 filing>>>FULL PR

Northstar Reality Finance Corp. NRF
NorthStar Realty Finance announces plan to spin-off Asset Management Business into a separate publicly traded company in a tax-free transaction >>>FULL PR

Sierra Iron Ore Corp. SIOCF

While we have not been paid on SIOCF, we are aware of a paid promotion currently underway on the stock, so we thought we’d share that info.

Aside from that, the stock shows a chart that is looking ripe for a possible move. The accumulation/distribution has reached all-time highs, the RSI is coming off of being oversold, and is pushing through the 50-line. The MACD has also undergone a bullish cross.

Extended Watchlist:
GRPN, LIVE, OREX, ARIA, FREE,

ARIA, PVG, ATRM, TEMN, INVA & Extended Watchlist

ARIAD Pharmaceuticals, Inc.  ARIA

ARIA is the first of three solid winners to come off of our Extended Watchlist from Friday morning. The stock began by touching a daily low of 3.30, followed by a run into the 4.04 high, marking the opportunity for intraday gains of up to 33%

Just a word of caution, the company has a pending lawsuit in which it is being sued by a multiple plaintiffs in a securities fraud case that will commence next month. On October 9, 2013, the Company announced that the U.S. Food and Drug Administration placed a partial clinical hold on all new patient enrollment in clinical trials of Iclusig, following reports of non-serious and serious adverse events in Iclusig-treated patients. Following this news, the price of ARIAD shares dropped nearly 66%, or $11.31 per share, from the previous day’s closing price of $17.14 per share, to a closing price of $5.83 per share on October 9, 2013, on extremely heavy volume.

As a result, investors who purchased ARIA stock between Dec.’11 and Oct.’13 are eligible to take part in the class-action suit.

Pretium Resources, Inc.  PVG

PVG was another substantial gainer for us on Friday, bringing us gains to the tune of 48% as the stock tore out of the gate, pausing only briefly near its low of 3.93 before skyrocketing as high as 5.80 early in the session. For the remainder of the day, PVG held much of those daily gains, and managed a strong close at 5.32.

That kind of momentum makes PVG a good candidate for a possible continuation of momentum, so we want to make sure we’re paying close attention as we begin this short trading-week.

Aetrium, Inc. ATRM

ATRM is another one that came out of the gate with guns blazing on Friday. After opening at 8.46, the stock spiked sharply to a morning high of 10.45, nice 24% move.

Later in the session, we observed a bounce from 5.60 back up to 6.68, which added an opportunity for an additional 19% gain, bringing the total cumulative gains for ATRM to a very respectable 43%

When added to the gains we saw from our other selections, our total possible gains for Friday’s session topped out at 124% All in a day’s work!


Team Nations Corp. TEMN
&
Inova Technologies, Inc. INVA

We observed these two sub-penny plays hitting our scanner on Friday, trading substantial volume. We want to be on the lookout for any possible continuation of momentum heading into this week.

In the case of INVA, the stock was trading at more than a penny as recently as October, and is now coming off of a bottom, so it will interesting to see how much of its lost ground it can gain back. A return to October levels would mean gains up to and exceeding 100% from its current price.

TEMN Video Chart:

Extended Watchlist:
INO, OREX, CAMT, SIRI, DVAX, ONVO, GLUU

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