URRE | Blue Horseshoe Stocks

Blue Horseshoe Stocks: Huge VRX Calls, New Ideas & More

Valeant Pharmaceuticals, Inc. VRX

Our latest round of VRX Calls will almost certainly go down as one of our best three-day swings on any idea we’ve ever formulated. Beginning on Tuesday when we offered up the VRX Weekly $10.50-12 Calls as a target range. That day the stock traded as low as 10.57 before beginning this epic run that facilitated some truly impressive gains. VRX continued to bull its way to new highs yesterday, hitting 14.55, which in itself represents a 38% rise over Tuesday’s low.

Just like we did in yesterday’s premarket report, we’ve included the intraday moves, as well as our overall observed gains.

$10.50 Calls – Daily Range: 1.95-3.89 – Daily Gain: 118% – Total Range: .40-3.89 – 3-Day Swing: 873%
$11 Calls – Daily Range: 1.46-3.50 – Daily Gain: 140% – Total Range: .18-3.50 – 3-Day Swing: 1844%
$11.50 Calls – Daily Range: 1.27-2.99 – Daily Gain: 135% – Total Range: .08-2.99 – 3-Day Swing: 3638%
$12 Calls – Daily Range: .51-2.51 – Daily Gain: 392% – Total Range: .02-2.51 – 3-Day Swing: 12450%

A hearty congratulations goes out to anyone who took advantage of one of our best ideas of the year so far!

Northern Dynasty Minerals Ltd. NAK

Following our alerts on the stock in March at which time we stated that we believed there was “serious upside potential” for NAK, the stock has proven our assumption to be accurate. It has lived up to that potential as well in recent week, and this morning we’re seeing the stock gapping up to new highs in the premarket today with shares changing hands for as much as 2.60.

From the 1.06 low we observed in March, that represents a roughly two-month upswing of 145%

Today’s heightened activity likely stems from the new announcement the company made via PR this morning. Its wholly-owned subsidiary, Alaska-based Pebble Limited Partnership, and the US Environmental Protection Agency have reached a settlement agreement with respect to the parties’ longstanding legal dispute.

Under the terms of the settlement agreement, EPA has agreed the Pebble Project can proceed into normal course permitting under the Clean Water Act and National Environmental Policy Act. (>View Full PR)

Snap, Inc. SNAP – Options Ideas

SNAP took a pounding yesterday after releasing earnings that many are referring to as a disaster, but is recovering in the premarket today. We want to try to signal a range of calls to coincide with what could be a significant course-correct.

We’re looking at the SNAP Weekly $18 Calls* for quick daytrading opportunities, as well as the SNAP 6/16 $18-19 Calls for a longer-term recovery idea.

Bonus Idea: AZN $32-33.50 Weekly Calls*

*Never attempt to trade weekly options on a Friday unless you are a highly experienced trader- it’s an exceedingly risky proposition.

Extended Watchlist:
ANY, TCCO, FNJN, CLSN, URRE, PBR,

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: NUGT Options Recap & More

Direxion Daily Gold Miners Bull 3X ETF (NUGT)

NUGT has been on a fairly consistent rise for the past few weeks along with gold itself, and we were able to use the continuation of that trend to our extreme advantage yesterday.

We dropped a quick options idea for the NUGT Weekly $9-9.50 Calls into our watchlist, stipulating that we’d need to see a break of the 50DMA. We got what we were looking for, and the potential gains that followed were substantial.

$9 Calls – Range: .56-1.53 – Max Gain: 173%
$9.50 Calls – Range: .30-1.07 – Max Gain: 257%

Chat reminder: Also, we noticed the magnitude of the activity was going to allow for gains to made at higher increments, so we also suggested rolling up to the $10 Calls shortly after the open. Those ended up running 172% from from .25-.68.

We were just mentioning the benefits of our daily traders chats the other day, and here we have a fine example of why reading our premarket reports can be greatly augmented by participating in our in-session chats as well. Again, just send a Skype contact request to ‘stocksumo’ if you wish to join us! Any of our readers are welcome!

TransEnterix Inc. TRXC – Insider Buying

We noticed a filing for a huge $5.2M insider position increase on TRXC at a price of 1.40, which coincides closely with recent relative lows, and isn’t too far above the stock’s annual low. We’ll be very interested to follow along with this stock after such a vote of confidence from an existing investor. (>>View Filings)

Added Note: Speaking of insider trading plays, we also wanted to add a quick reminder on the one we submitted yesterday in STON. The stock made modest headway in continuing its established uptrend with a light 8% increase on the day, and will continue to be on our radars moving forward.

Immune Pharmaceuticals, Inc. IMNP

Additionally, we have a reminder to put out on IMNP, which we put on bottom-watch in our report dated December 27th. It took roughly a week of sideways trading for the stock to begin to perk its head up, but yesterday it began to gain some ground so we just wanted to remind readers that we still have this one on our viewscreens.

Extended Watchlist:
AMFE, GIGL, LIGA, GSAT, URRE, BPMX