Tag: XGTI

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)

Blue Horseshoe Stocks: SPOM, SRPT Recaps & More

Winning Pick Review

SPO Global, Inc. SPOM is a subpenny play that appeared in yesterday morning’s premarket report, and we got some good action out of the stock on our first day of tracking. We witnessed a run from .0042-.0058, which marked a respectable 38% pop on more than triple its monthly average trading volume.

Sarepta Therapeutics, Inc. SRPT – We began talking about SRPT last Wednesday, and cleaned up with a couple of ideas we had for trading weekly options contracts. We tagged it once again in yesterday’s watchlist, and the stock went on to set a new high. It traded in an intraday range from 14.52-18.14 for a 25% gain on the day. The stock is gapping up morning. From our observed low on Wednesday at 10.45, today’s high of 18.80 represents a 80% swing overall.

xG Technology, Inc. XGTI

We’ve tracked this stock in the past, most recently mentioning it in our report on 04/21. It took a few sessions beyond that to see the stock find support at .08, but we’ve seen it inch its way up since, and this morning we witnessed a premarket high of .1751 in the stock.

It marks an upswing of 150% over our observed low, and signals us to pay careful attention in coming sessions.

Pernix Therapeutics Holdings, Inc. PTX

PTX is another stock catching our interest after we noticed some abnormal activity on the heels of a large investor boosting his stake in the company while it had simultaneously reached a new 52-week low.

The stock is moving again in the premarket, and will be another worthy candidate for our watchlist as we head into midweek.

The last time one of our tracked plays caught momentum off of a large institutional investor taking up a big position was VLTC. Some of our more seasoned followers will surely remember that stock and the astronomical moves it made in such a situation.

Extended Watchlist:
AWGI, CRDS, CBBT(Abnormal Volume)

Blue Horseshoe Stocks: Options, Bottom-Play Updates & More

Options Updates

We formulated our first options ideas of the week yesterday morning, and unsurprisingly, we hit on each and every one of them. Our acumen when it comes to identifying quick-strike options plays is really top-drawer, a fact to which any of our regular readers can attest.
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Bank of America Corp. BAC

We took note of BAC 07/15 $15 Calls yesterday, which had extremely high open interest to the point of suspicion on our part. We were right  to want to follow the money in this case, because despite the fact that we have designated this a longer-term play, the potential returns were instant. Those contracts traded up from .51-.71 for possible gains of up to 39% on the day.

We’re certain that our observed range is going to increase even further with BAC having cracked the $15-mark here in the premarket this morning. Should the stock follow up yesterday’s session with another bullish performance, things could get very interesting, very quickly.

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ProShares Short VIX Short-Term Futures SVXY– Our targets here were the SVXY Weekly $53.50-55 Calls and despite the SVXY closing slightly down on the day, we first witnessed some nice intraday moves to the upside that facilitated opportunities for the following gains:

$53.50 Calls – Trading Range: 1.60-2.10 – Max Gain: 31%
$54 Calls – Trading Range: 1.50-1.70 – Max Gain: 13%
$54.50 Calls– Trading Range: 1.10-1.65 – Max Gain: 50%
$55 Calls – Trading Range: .74-1.25 – Max Gain: 69%
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FRESH OPTIONS IDEAS:

We won’t leave you hanging solely with an update from yesterday’s action- we’ve got a couple of fresh ranges to monitor in the GM and UA options chains as well. In both cases we’ve got stocks that are gapping up on the strength of earnings beat this morning. Our corresponding ideas are as follows:

General Motors Co. GM – Weekly $32-34 Calls

Under Armour, Inc. UA – Weekly $45-48 Calls

Bottom-Watchlist Update

We placed RNVA and CLMT on a bottom-watchlist at the end of yesterday morning’s premarket report, following a newly registered 52-week low for each of them on Tuesday. We just wanted to rehash those ideas this morning, as both plays rebounded off of their lows in a stroke of excellent timing on our part.

Rennova Health, Inc. RNVA traded in a range from .57-.70, an intraday gain of 23%, while Calumet Specialty Products Partners CLMT made a 16% move from 4.64-5.39.

Now we’ll just want to verify the reversal in each case by monitoring the stocks in sessions to come for telltale signs of a continued recovery.

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We’re also going to signal interest in The ONE Group Hospitality, Inc. STKS for an extended-term bottom-watch.

Extended Watchlist:
APRE, SBES, XGTI, CPLP, CEQP,