Tag: UWTI

Blue Horseshoe Stocks: ASUV Recap, Bottom-Plays & More

Harmonic Energy, Inc. ASUV

We tagged ASUV back on Leap Day as a possible bottom-play, and after seeing the stock find support at an ultimate low of .0024 just a couple of sessions subsequent to that, it’s been a series of almost non-stop upturns since then.

One look at the 3-month chart on ASUV shows why we felt the need to circle back around and congratulate ourselves for an amazing bottom-call. As of this week, we’ve now witnessed ASUV run as high as .043. That marks an epic surge of 1692% over a five-week span!


With the chart beginning to look a bit top-heavy, we’ll now transition into monitoring for dip-and-rip type activity. In order for the stock to continue to hold our attention, we’ll want to see it maintain support above its previous resistance at .02 on any pullbacks.

Pacific Sunwear of California, Inc. PSUN

Speaking of bottom-watch plays, we’ve got another one to enter into the mix this morning in the form of PSUN. This play has appeared in our reports at various times over the past few years. Presently, as is readily apparent on the following snapshot, the stock has absolutely fallen off of a cliff following a major two-day upswing. It appears to have over-corrected to the low side.

Whenever we run across stocks in this position, our bottom-feeding sense kicks in big-time. The volatility at play over the past few sessions could be used to our advantage on the next leg up, which could be in the cards sooner rather than later, so keep an eye peeled!

On Continued Watch: LNCO & LINE

We placed both of these potential bottom-plays on watch to kick off the week in Monday’s morning report and we want to reinforce our interest this morning. As you can see from the side-by-side comparison, these two trade very closely as they are tied to the same parent entity.


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Also on our radars with big oil making a reverse yesterday, is VelocityShares 3X Long Crude ETN (UWTI). If oil continues its rebound through today as we suspect it might, there could be some interesting activity in UWTI.


Fresh Options Idea: To dip back into the options trading pool this midweek, we’re going to signal STZ Weekly $150-160 Calls for potential day/swing-trade opportunities.

Extended Watchlist:
AYI, DRWI, CJES, MOMO, TSRO

Blue Horseshoe Stocks: MDCO Options Recap & More

The Medicines Co. MDCO

We were spot on in terms of the options ideas we offered up in yesterday’s premarket report.
After taking a look at the premarket activity being driven by some untraded-upon press, we targeted the MDCO Weekly $38-41 Calls. We specified that we’d be on the lookout for a dip-and-rip scenario to give rise to chances in that range, and it turned out quite well.

Here’s a look at the possibilities for big gains that traders were afforded with those contracts: 

$38 Calls  – Daily Range: 2.30-3.50 – Max Gain: 52%
$39 Calls  – Daily Range: 1.75-2.55 – Max Gain: 46%
$40 Calls  – Daily Range: 1.05-2.40 – Max Gain: 129%
$41 Calls  – Daily Range: .80-1.75 – Max Gain: 119%

Other Notable Gainers

A couple of the stocks we’ve had on bottom-watch which we mentioned in yesterday’s report had modest yet notable sessions to kick off the week, and we’ll continue to monitor for signs of continued recovery in both instances. 

Bon-Ton Stores, Inc. BONT – We’ve been on BONT’s trail for a couple of weeks, and yesterday the stock made a slight jump from 3.60-4.07 for an intraday move of 13% and held the majority of those gains into the close.

SFE Entertainment, Inc. SFXE – SFXE also made a nice move from a low of .91 up to 1.04, a 14% jump, and it too held the majority of its ground, closing above a dollar.

VelocityShares 3X Long Crude Oil ETN (UWTI)

We’re seeing some bullish patterns on the UWTI chart that we felt were worth pointing out. As you can plainly see on the annotated snapshot below, this particular note has traded record volume en route to logging four consecutive sessions of higher highs and higherl ows off of its recently established 52-week low.

We’ll be on the lookout for the possibility of further advances provided that Crude Oil futures can see a sustained uptrend over recent lows.

Blue Horseshoe Stocks: PBMD Recap, ASTI News & More

Prima BioMed, Ltd. PBMD

PBMD stood out among yesterday’s fresh news plays with a solid performance on the day. It was helped along by the announcement that the European Medicines Agency had given positive Scientific Advice with regard to the development path for its metastatic breast cancer treatment.

We observed as the stock traded in a daily range from 1.42 to 1.78, representing a respectable 25% intraday swing, and it did so on the strength of nearly 3.5X its 3-month average volume.

Looking at some of the still-bullish features PBMD chart, we’re going to stay open to the possibility of seeing further upswings in the near future:

American Green, Inc. ERBB

We highlighted ERBB on Friday as a potential bottom-watch candidate, and the stock has responded with a nice move so far this week. It was trading at a low of .0039 to start things off on Monday, and yesterday we watched as it reached a .0049 high; a two-day swing of 26%

The company just completed an important step in their current business plan which was reported in a PR yesterday (link below). It was in reference to the partnership ERBB has formed to construct a legal marijuana grow operation in Colorado, which will purportedly focus solely upon the propagation of “CBD-rich cannabis strains”. It’s a story we’ll continue to follow as more details become available.

Ascent Solar Technologies, Inc. ASTI

We’re also still on alert with regard to an inclusion in Monday’s premarket report; ASTI has been making its way toward a bottom for the past few months. Yesterday we observed a low .451 toward the end of the session, and it appears that will be marked down as the the rebound point as the stock is gapping up heavily in early trading today with the help of a very positive PR.

As of this morning’s premarket high of .80 we’ve already seen a 77% swing in less than 24 hours. We’ll keep a close watch on ASTI today as this morning’s news of its 233% quarter-over-quarter revenue increase filters down and reaches more sets of eyes.

Extended Watchlist:
BTU, IPDN, UWTI, OCLS, GBSN, AMDA, CNXS(>Interesting PR)