Blue Horseshoe Stocks: AGTK Recap, Options & More

Agritek Holdings, Inc. AGTK

The standout runner from yesterday morning’s premarket report ended up being AGTK. We noticed it had been ramping up in PPS over the preceding two sessions, and figured it was worth tracking. We were right on in our assumption, as the stock traded in a respectable daily range, running into the close with strength.

AGTK saw an early low of .00168 before running to a high of .0025, representing a single-session spike of 49% The move came on stronger-than-average volume, and marked the third straight session of higher highs and higher lows.

We’ll remain interested in tracking the activity in AGTK provided it can hold support at or above .002; next key areas of resistance are at the 50 and 200DMA’s at .0029 and .0031, respectively.


Options Ideas:

We’ve got a pair of options chains to watch as well, for the following ideas:

Ford Motor Co. F – Our idea concerning Ford is based more off of technical factors of the current chart. As you can see, there are a number of indicators pointing to the possibility of a forthcoming recovery. We want to select a set of contracts with an extended expiration to give our idea time to manifest; the F 09/16 $12.75 Calls. The stock is searching for a bottom, and we’ll need to wait until just the right moment when it begins to rebound and possibly make a run at filling the gap.


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Time Warner, Inc. TWX – The other plays we’re going to be keeping an eye on are short term, weekly expiration ideas: TWX Weekly $77-79 Calls.


Odyssey Marine Exploration, Inc. OMEX

Lastly, we want to put another new play on watch, based purely off of the look of the chart. As you can see, OMEX is in the process of filling a major gap on its chart from this spring, and it just bulled through its 200DMA yesterday. The RSI has also cracked into the power zone, so we’ll definitely be observing the near-term activity on this play.


Extended Watchlist:
ASTI, COSI, TEUFF, MGT, PTX, SHIP, GLBS