PURA Archives - Page 2 of 2 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: Marijuana Madness Continues & More

Puration, Inc. PURA

It seems that the majority of the stocks we’ve seen make big moves in 2017 so far, are in some way related to the marijuana sector. To start things off this morning we want to go back and retrace our steps with PURA, which began on Thursday the 12th.

We saw a nice initial 30% jump, followed by a consolidation down to .03 on Tuesday, and for the rest of last week it was one bullish session after the other. The impressive run culminated in a new high of .075 on Friday, which stands as an intraweek upswing of 150%

With such good price action and volatility, we’ll be sure to leave PURA on our massive running watchlist that essentially includes all high-liquidity stocks in, or related to, the cannabis space.

Rocky Mountain High Brands, Inc. RMHB

Speaking of cannabis related, RMHB was new to our reports on Friday, and it too is trying to capture a chunk of the consumables market with its hemp-infused food and beverage products.

The stock put up a solid move in its first session on our radar, making an early run from .092 to a high of .137. That works out to a 49% intraday pop, and any play posting those types of single-session numbers could certainly have more in store for us, so we’ll keep RMHB on our watchlist as well.

VanEck Vectors Gold Miners ETF (GDX) – Options Idea

The dollar has been looking shaky of late, as the various unknowns of a new administration has characteristically injected an element of fear into the marketplace. As a result gold has been on a month-long climb, and in the event that trend continues to carry, we’ll want to have an associated options idea at the ready.

One of the funds we like to trade for its correlation with gold is GDX, and in this instance, we’re going to put the GDX 02/10 $24-25.50 Calls on watch over the next several sessions.

Extended Watchlist
CBIS, MCOA, HEMP, MYHI, OWCP, TRTC, USMJ,

Blue Horseshoe Stocks: TBIO Recap & More

Transgenomic, Inc. TBIO

After noticing the stock’s significant premarket bullishness, we placed TBIO in yesterday morning’s report, and it’s a good thing that we did. It responded with a meteoric rise on the day en route to a very strong close.

TBIO traded in a daily range from a low of .67 up as high as 1.27, making intraday gains of up 90% possible, and the activity came on a torrent of volume, in the neighborhood of more than 37X the 3-month average volume.

TBIO continued to plow upward in post-market trading, and this morning has changed hands for as much as 1.64 a share in the premarket. Given the present circumstances, we wouldn’t be at all surprised to see the stock attain new highs once again today.

Puration, Inc. PURA

We were also keeping an eye on PURA, listing it in yesterday’s watchlist, and the stock recorded a modest yet solid session. On roughly eight times the monthly average, it traded up from a low of .037 to .0482, a 30% increase.

PURA has been on a fairly steady upswing for most of this month so far, yesterday’s activity just being an extension of that pattern, so we’ll be on the lookout for a continuation of that current trend.

Ampliphi Biosciences Corp. APHB

We want to signal APHB as a possible bottom-bounce play this morning. Between it just showing a flicker of life off of recent relative lows, and the fact that it was trading at triple its current value just three months ago, we definitely want to keep this one on watch.

We’ve included a snap of the current chart, which illustrates what we’re talking about. This has the potential to become a solid recovery play in the days and/or weeks ahead.

Extended Watchlist:
IOTS, OPXA, CLSN, MEMP, ZSAN, VDRM, DRWI

Blue Horseshoe Stocks: 3 Stocks Hitting All-Time Highs

Uranium Resources, Inc. URRE

First thing this morning, we want to highlight the recent performance of URRE, which we slated for tracking in last Friday’s report. It has since made an appreciable move to the upside that is worthy of note.

We saw shares changing hands for as little as 1.62 before yesterday’s session carried the stock to a new high of 3.94, demonstrating a rise of 143% in just a few days’ time. Yesterday’s big push also came on record volume, to the tune of more than 25M shares traded.

It puts the stock in unprecedented territory in terms of momentum, so we’ll be very interested to watch the activity unfold from this point forward. We would have to surmise that a signifcant dip-and-rip could very likely take place at some point in the near future, so we’ll be looking to time that to our advantage.

OWC Pharmaceutical Research Corp. OWCP

Continuing along with our coverage of OWCP’s stellar performance this week, we have yet another new high to report this morning. We mentioned yesterday that the stock was trading at its highest prices since 2014, a fact which firmly designates OWCP as a Blue Sky Breakout play, and lo and behold, the breakout was destined to continue for yet another session.

The stock traded in a range from .26 to .41, an intraday pop of 58% which occurred on the highest volume in more than two months. The new high achieved pushed our already mind-melting observed range on the stock since our alert on September 29th, to an incredible 9011% in less than ten weeks!

Like the above-mentioned play, OWCP is now in uncharted waters, trading at its highest PPS levels of all time, and thus must be characterized as a Blue Sky Breakout, and treated as such.

PM&E, Inc. PMEA

Also coming out of yesterday’s premarket report to make quite a respectable intraday move was PMEA. This subpenny play traded in a range from .0008 to .0015 for a solid 87% move on the day.

Incidentally, it represented the third mention of the morning yesterday that would go on to set a new all-time high!

Galectin Therapeutics, Inc. GALT

Lastly, we want to radar an unfamiliar stock in GALT this morning after noticing a ripening chart setup. We have included a snapshot below pointing out the various aspects that we find attractive.

We’re going to place GALT on watch in the days and weeks ahead. A filling of the highlighted gap on the chart and return to September pricing, from current levels, would be a move of more than 100%

Extended Watchlist:
VAPE, PURA, SNMN, OBMP, HEMP, TBIO

Blue Horseshoe Stocks: ERBB Recap, Options & More

American Green, Inc. ERBB

In lieu of a typical extended watchlist yesterday morning, we included a series of cannabis related plays. From that list came the familiar face of ERBB, which had itself a solid session which included a strong close.

On more than three times its monthly average volume, the stock traded in a range from .00289 to a high of .0045 (+56%) before closing just a couple of ticks below at .0043. That’s the highest PPS since June of 2015, yet another indication that a second green rush is currently in force.

Procter and Gamble Co. PG – Options Recap

We also wanted to give a quick rehash of the moves made by the options we signaled for observation in yesterday’s report, the PG Weekly $85.50-88 Calls.

We mentioned we’d be on the lookout for a gap-and-go to start the session, and that’s exactly what took place. Despite tapering off toward the end of the day, some nice gains were there for the taking in the morning.

$85.50 Calls – Range: 1.70-2.43 – Max Gain: 43%
$86 Calls – Range: 1.36-2.04 – Max Gain: 50%
$86.50 Calls – Range: .97-1.53 – Max Gain: 58%
$87 Calls – Range: .66-1.25 – Max Gain: 89%
$87.50 Calls – Range: .41-.88 – Max Gain: 115%
$88 Calls – Range: .25-.61 – Max Gain: 144%

Lockheed Martin Corp. LMT – Options Idea

We’re going to formulate an options idea for major defense contractor Lockheed Martin today, which posted a healthy beat on earnings yesterday, causing a major spike on the chart that sent it up well past its 50DMA.

We’re going to be keen on the LMT 12/02 $255-260 Calls providing that the stock maintains support above this morning’s premarket high of 247.40 on any forthcoming pullbacks.

Extended Watchlist:
PURA, DNRG, HCTI, MYHI, EXMT, ENLB

Blue Horseshoe Stocks: Fresh Options Ideas & More

Fresh Options Ideas

The GEO Group, Inc. – We’ve run across an interesting situation with GEO, in the wake of the Federal government’s announcement of a private correctional facility phase-out. The stock took an absolute pounding as a result yesterday, but is showing some signs of rebounding with the help of a contrary PR this morning.

Despite the impending federal cutbacks, (nearly half of GEO’s business comes from federal government contracts) we’ve now received word that the Bureau of Prisons has extended the company’s contract on the D. Ray James Correctional Facility in Folkston, GA through September of 2018. (>> View PR)

On the chance of seeing a continued rebound in the days or weeks ahead, we’re going to radar the GEO 09/16 $20 and 22.50 Calls for possible swing trades.

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Twenty-First Century Fox, Inc. FOXA – A couple of things are drawing us toward entering an options idea into the log for FOXA today. In addition to the stock currently approaching oversold territory while trading at its 6-month lows, we’ve also noticed a series of Form-4 buys that have come in on Tuesday, Wednesday, and yesterday amounting to roughly $78M.

It’s leading us to place a range of extended-term contracts on watch, namely the FOXA 09/30 $25-27 Calls.

Force Protection Video Equipment Corp. FPVD

We wanted to provide a final update on FPVD this morning, which has appeared in every one of our reports since Tuesday. At the time, the stock saw a low of .0168, and it spent the next three sessions making monstrous moves to the upside.

Despite peeling back significantly into the close, FPVD gave one heck of a last hurrah early in yesterday’s session, running 122% intraday from the open at .045 to a high of .0999. At its peak, FPVD had shown us a three-day overall increase amounting to 495%

Unless we begin to see some major rebound activity, we’ll be moving on from FPVD for the time being, but congrats are due to anyone who was following this mega-runner along with us this week!

Extended Watchlist:
ARTM, BTGI, PURA, PTSC, WWTH,