Tag: XGTI

Blue Horseshoe Stocks: Super-Subpenny Movers & More

In Ovations Holdings, Inc. INOH

We talked about INOH in Friday’s premarket report, noting that the company had just come current on its filings.

We’ve been tracking a bunch of super-subpenny plays lately, which for one reason or another, have seen heightened activity over the past couple of weeks. We surmised that INOH could be the next link in that chain, and we weren’t disappointed.

The stock traded in a range from .00039 to .0006 on the day, an upswing of 54% on roughly three times the monthly average volume. We’ll want to continue to watch INOH for the recording of higher highs and higher lows as we kick off the trading week.

IDO Security, Inc. IDOI

Speaking of super-subpenny stocks, we put IDOI on our readers’ radars back on March 21st after seeing a pretty sizable uptick in price action and volatility just prior to that.

After a couple of weeks of trading sideways, IDOI once again saw a rush of activity flow into the stock and Friday’s session brought a chance at some very respectable intraday gains.

The stock traded up from .0003, cracking the super-sub/subpenny threshold and reaching a high of .0011 for a daily pop of 267% We’ll also continue to keep an eye on this one to see if it can carry some of that volatility over to this week.

Akari Therapeutics, Plc. AKTX

We tagged AKTX on Thursday, and saw a solid intraday performance as it ran from a low of 13.69 to 18.46, (+35%). We noted this in Friday morning’s report, and mentioned that we wanted to stay on its trail.

What we ended up seeing was a very similar move to the previous session as AKTX came down off of Thursday’s highs and executed a dip-and-rip pattern that caused it to retrace its steps, trading in a range from 13.50 to a new high of 18.80, an intraday move of 39%

Galectin Therapeutics, Inc. GALT

Speaking of new highs, we wanted to comment on GALT, which is a stock that we’ve been tracking pretty regularly since the beginning of this year as you can see with a quick view of the GALT tag on our blog.

Our observed low of .935 came a couple of weeks following our tag of the stock on January 12th, and for the most part, it has been a continual climb since then, reaching a new peak at 2.87 on Friday. It works out as a total move of 207% that we’ve seen from GALT in 2017.

Extended Watchlist:
NAKD, XGTI, SWFT, GERN, CETX,

Blue Horseshoe Stocks: Bottom-Bounce Watchlist & More

Family Room Entertainment Corp. FMYR

FMYR made an appearance in Friday morning’s premarket watchlist, and was ready to make it’s rip right from the starting gun. The stock rapidly spiked 56% from .005-.0078, before dipping back to a low of .0045 and making a 33% swing back to the close at .006.

When it was all said and done, the stock ended up trading roughly ten times its monthly average volume. These are the type of volatile swingers that we like to track whenever we find them. When properly timed, these rapid intraday swings can be leveraged into quick profits. We’ll be on the lookout in the event of some momentum carryover from Friday.

Bottom-Bounce Watchlist

We’ve got a couple of plays with similar chart setups to tag for extended-term observation as we kick off this new trading week. Each of the following has exhibited signs of rebound action off of fairly recent annual lows, and in each case, a sizable gap on their respective charts is present. We’ve included snapshots of each chart below.

Adamis Pharmaceuticals Corp. ADMP– As you can see, ADMP gapped down hard in June, and followed that up with a selloff to new annual lows later that month. Recently it has been gaining ground off of its bottom, and at present the RSI is on the verge of cracking into the power zone.

Performance Sports Group Ltd. PSG – The gap on the chart in this case dates back to March, and it will need to break through a channel of resistance that we’ve marked below to make a run at filling it, but if that were to occur, we’d be talking about gains of several hundred percent from current PPS levels.

Extended Watchlist:
ACNV, MMEG, POWN, XGTI, GEVO, INRD,

Blue Horseshoe Stocks: Options Recap, Cannabis Play & More

SPDR S&P 500 ETF (SPY) – Options Recap

Despite market-wide turmoil over Britain’s “Brexit” vote, we saw fit to target a range of SPY options for observation in Friday morning’s premarket report. Our highlighted contracts were the SPY Weekly $200-205 Calls and with the exception of the lower denominations, which were were too far into the money to see any solid gain opportunities, they worked out quite well.

Some intraday volatility was the primary element which allowed quick-fingered traders to reap instant rewards from all but two of the contracts in the $205-202 Put-range. The potential gains were as follows:

$205 Puts – Trading Range:  .77-2.43 – Max Gain: 215%
$204 Puts* – Trading Range: 1.20-3.05 – Max Gain: 154%
$203.50 Puts* – Trading Range: 1.55-3.15 – Max Gain: 103%
$203 Puts* – Trading Range: 1.82-3.86 – Max Gain: 112%
$202 Puts – Trading Range: 2.87-4.88 – Max Gain: 70%

*Contracts labeled with an asterisk also saw a late day run of OVER 200% EACH, in addition to the initial moves listed above!

New Columbia Resources, Inc. NEWC

Today we’re circling back around to a play we have tracked in the past. Things have been mostly quiet for NEWC this year, with the exception of a massive run from the .007-range up as a high as a nickel. Since that time, leading up to last week, the stock had been under consistent consolidation. Tuesday, it began to experience a bounce that once again has our interest focused upon this cannabis-related play.

Due to the apparent impending end of over five decades of internal hostilities in Columbia, the company has commented on a bolstered outlook for its projects (both cannabis and mining) in the South American nation. Should the resolution be ratified in an upcoming referendum, it could mean good things for the future of NEWC, and accordingly, its stock.

Extended Watchlist:
XTRN, PXYN, SKUL, PTX, XGTI, ATRS, OCN

Blue Horseshoe Stocks: Earnings-Related Options Ideas

Earnings-Related Options Ideas

We’ve uncharacteristically neglected the options trading arena a bit this week, so this morning we’re going to start off by signaling a range of Calls in the chains of a couple stocks whose earnings have just been released.

Tesla Motors Corp. TSLA – Despite a miss on earnings released yesterday post-market, we’re seeing TSLA rebounding from its week-long slide in premarket trading this morning.

We’ll go ahead and formulate a conditional idea to correspond to the situation. Stipulating that the stock can hold support above the current 200DMA (225.98) on any pullbacks following the opening bell and break back above the 50DMA, we’re going to be monitoring the activity in TSLA Weekly $225-230 Calls for the possibility of some nice intraday upswing action.

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Alibaba Group Holding Ltd. BABA – In early trading BABA is gapping up after an earnings beat this morning which included a 39% boost in Q4 revs, and a 42% monthly rise in active usership via mobile platforms.

We’re going to signal a range of short-term calls for this play as well, zeroing in on the BABA Weekly $77-81 Calls for potential quick-strike trades.

Pot Stocks on Watch Again

There has been a lot of ebb and flow to general interest in cannabis plays, and it appears that we’re heading into another hot zone. We keep a continual watch over the entire sector, and there has been rising activity in many of the pot stocks that we track routinely.

The usual suspects to which we are referring are GRNH, MJNA, CBIS, TRTC, & CANV. We’ll be sure to keep each of them on closer watch in the sessions ahead.

Added Note:

xG Technology, Inc. XGTI, which we tracked from a low of .08 late last month and have been mentioning all this week, is seeing another early push today in the wake of some patent news(>>View PR) . Reserve a slot on your radars as the stock has reached a new high of .18 in the premarket today.

Extended Watchlist:
PBR, CHK, LGCY, NHMD(Momentum Mover)

Blue Horseshoe Stocks: XGTI Review & More

xG Technology, Inc. XGTI

We’ve seen XGTI make its way up nicely from a low of .08 subsequent to our tag of the stock late last month, but despite it already being up considerably, we reinforced our bullish opinion of it in yesterday morning’s premarket report.

The momentum we’d observed was sufficient to surmise that further opportunities could be in the cards, and our assumption was accurate indeed. We saw a strong move out of XGTI to begin the session as it traded in its full daily range from an early low of .1021 on up to a new high of .165 for an initial rip of 62%

Midday saw a pullback in the stock, which ultimately found support at .1217 before returning to .155, an added 27% swing, so there was a good chance for late-comers as well. It brought the cumulative total on northward movement for the day to a respectable 89%

Pernix Therapeutics Holdings, Inc. PTX

PTX is another one we’ve tracked in the past which we re-alerted this week on the heels of a newly-registered 52-week low on Friday. The stock made a nice move on Monday, and continued its ascent yesterday.

We witnessed a trading range from .98-1.25 which works out to a solid 28% upswing on the day, and it came on more than eight times the 3-month average volume.

Cerebain Biotech, Inc. CBBT

We tagged CBBT based on observing some abnormal volume on Monday, and despite sliding for the first half of the day, the stock did register a higher low and higher high from the session prior en route to a nice intraday swing. It traded from .53-.86, making a 62% pop and closing with strength at .85.

The company also announced yesterday that it would apply for FDA approval on its medical device which is meant to treat alzheimer’s and dementia sufferers, so that will be one storyline to continue following. (>>Read PR)

Extended Watchlist:
TTCM, HEMP, NTRI, ETSY, Z, EBIO(>>News)

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