Tag: PMCM

Blue Horseshoe Stocks: EAPH, PMCM & More

Easton Pharmaceuticals, Inc. EAPH
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EAPH fared very well on Thursday following our re-alert of the stock, providing us with the chance for solid gains before we broke for the long holiday weekend.  We mentioned that we liked the potential, especially if it could break its key resistance at .021.

In fact, EAPH broke through that resistance and kept on running, to a high of .031 before all was said and done. From the day’s low of .0197, that marked an intraday move good for up to 57% in quick-strike profits for nimble traders.

Take a look at the following video for chart commentary on EAPH:

Moving forward, we’ll want to see EAPH hold support at or above .021 in order to keep us interested.

Primco Management, Inc. PMCM

PMCM is another of last week’s alerts to perform well for us during Thursday’s half-session. We brought readers an update on this repeat pick on Tuesday, at which time the stock was trading at a low of .0021.

The stock made higher lows for the remainder of the short week, and touched .0031 on high volume on Thursday, which marked an intraweek move of 46%

As we begin another week, we’d like to see PMCM hold support above the 50DMA of .0021. The next key areas of resistance to watch for a break will be .0037 and .0045.

PMCM, like EAPH, is a cannabis-related play, and as we’ve been consistently reminding our readers, the sector could very well be in for a boost on the heels of the beginning of legal sales in Washington State, and already we’ve begun to see quite a bit of evidence to support that theory. By the end of the week an expected 20 or so shops will have received their recreational marijuana licenses and begun selling the plant.

Extended Watchlist:
CAMT, EVRY, SPPI, RVLT, APP, IGC

Blue Horseshoe Stocks: PMCM Update

Primco Management, Inc. PMCM

PMCM has appeared in our reports a few times in the past, and from the current setup of the chart, we thought it would be a good time to take another look.

The stock is coming off of a recent bottom of .0013, and life is being breathed back into it, as it has started to run this week, yesterday reaching .0022 into the close. That figure also coincides with the stock’s 50DMA, so ideally we’d like to see the resistance there broken. In order for us to remain interested in PMCM we’d like to see it hold support above the 200DMA of .0016.

As you can see on the chart itself, we have bullish signals on both the RSI which is pushing toward the powerzone, and the diverging MACD. The stock was trading above .06 just a few months ago, so we’re still trading relatively close to the bottom.

PMCM is also a marijuana related stock; earlier this year, the company announced it had plans to build two 30,000 square foot production facilities in Washington State, where legal sales have been slated to begin this month. If the bull rush caused by the start of sales in Colorado is any indicator, we could be in for a second surge of public interest in cannabis stocks in the very near future, as we’ve been reminding our readers quite often.

Thus, in coming weeks we will be paying closer attention to PCMC, and indeed all of the pot stocks we’ve been continuously tracking for a long time, so expect to see further updates in this and other plays in the sector.

BRND, IWEB, NVIV & Extended Watchlist

Premier Brands, Inc. BRND
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After discovering BRND’s news with Dennis Rodman and delivering our initial alert on the stock Thursday morning, we saw this juggernaut bull its way from a low of .0043 to Friday’s high at .0359. That represented an overall move of 735% over just two trading sessions.

As we always do with such a rapid gainer, we urged caution as we remained on the lookout for a pullback. That began to occur on Friday afternoon, with the stock closing at .0115. Today, we’ll be monitoring BRND for any possible bounce opportunities. We’ll need to see it hold a minimum support level of a penny in order for us to stay interested.

ICEweb, Inc. IWEB

IWEB brought us the chance for nearly 100% in cumulative gains last week, with a 48% initial run following our first report on the stock, after which we saw roughly 45% in subsequent bounces.  This is likely to be a stock that remains on our radars for quite awhile, as we follow along with the company’s efforts to expand their cloud services business. We were informed this morning of another development involving a large sale to a prestigious client.This Morning’s PR:

STERLING, Va.–(BUSINESS WIRE)– IceWEB Storage Corporation – (OTC BB:IWEB), an award-winning Unified Data Storage appliance provider for cloud and virtual environments, as well as the highly secure, scalable IceBOX BYOD (Bring Your Own Device) Private Digital Cloud Solution, today announced that the Company secured an order from an Ivy League University for up to 5,000 users.

 The University chose an IceWEB 2200 2U IceBOX storage appliance with 4TB capacity expandable to 48TB. >>> FULL REPORT

InVivo Therapeutics Holdings Corp. NVIV

NVIV is new to our reports today, and is a stock with a very intriguing backstory. The company is currently in the process of developing technologies to treat spinal cord injuries (SCI) with unprecedented success, if early tests are any indicator.

InVivo plans to culminate these technologies into unique products it intends to bring to the medical field. These include a bio-compatible polymer “scaffolding” device which is used to treat acute SCI’s, as well as a controlled-release methylprednisolone “hydrogel” which could replace injections currently used for some SCI’s.  The products have been tested, and demonstrated to promote functional recovery following traumatic SCI’s in several test subjects including rodent and non-human primate models.

This is definitely going to be an interesting stock to follow, especially with the current chart setup. We are seeing a definite uptrend, as the RSI heads into the powerzone, and the MACD recently underwent a bullish cross, as we’ve pointed out on the chart below:

 

Side Note:
On the options trading front, we are looking at LULU $65 Calls this morning.

Extended Watchlist:
CRWE, RNN, KNDI, XOMA,
LEAP (To be acquired by AT&T for 15$ a share)
PMCM (Possible momentum carryover from last week)