Blue Horseshoe Stocks: IGNG Recap & More

Imaging3, Inc. IGNG

In our report on Tuesday morning, we tagged IGNG for observation, at which time we observed a low of .116 in the stock. Yesterday, following the appointment of a cannabis industry veteran consultant to the company’s LA-based cannabis and CBD subsidiary, (>>View PR). IGNG shot to .295. That’s a two-day swing of 154% , and gives us the interest to continue tracking the stock. 

Please watch the following video chart on IGNG where we point out key resistance and support levels which will give you a better idea of what to expect going forward:


IGNG VIDEO CHART
(**We were not compensated in any way to produce this video or coverage on IGNG**)


Weatherford International plc  WFTIQ

In the same report from Tuesday morning, we identified WFTIQ as one to watch, and it too has produced a very nice two-session gain opportunity for us.

We witnessed a low of .0198 in the stock, and it went on to see a high of .0264. That works out to a solid 33%



Zscaler Inc. ZS

Lastly, we identified some bearish options ideas for the ZS chain in yesterday morning’s report, and those produced some very nice chances for intraday profits.

ZS Weekly $51-49 Puts
$51 Puts – Range:
 2.78-5.00 – Max Gain: 80%
$50 Puts – Range: 1.99-4.00 – Max Gain: 101%
$49 Puts – Range: 1.60-2.60 – Max Gain: 63%


Extended Watchlist:
SBGL, PAR, GMO, OTLK, VTGN, AU, CLVS

Blue Horseshoe Stocks: Earnings and Bottom Plays

Acuity Brands, inc. AYI – Options Idea

After a lackluster Q3 report, AYI took a gut punch yesterday, but began to recover before the day was through, and appears to want to continue to course-correct today.

We are going to radar the AYI 07/19 $125-130 Calls. Even if this holiday shortened week comes to a predictably quiet close and doesn’t provide a ton of activity, we’ll still have plenty of time to get results before the 19th.


comScore, Inc. SCOR 

We’ve found what appears to be a prime bottom-watch candidate in SCOR. The stock is egregiously oversold at the present time, and has managed a couple of positive sessions this week.

The volatility potential on this stock is high. It’s not unreasonable to think that it could return to the $10 level or better over a period of several weeks or perhaps even months. We’ll designate this as a longer-term recovery play.


Extended Watchlist:
TBLT, NAK, ZIOP, FCEL, SNSS, OTLK

Get Our FREE Daily Reports!