Aegean Marine Petroleum Network, Inc. ANW
Despite the holiday lull this week, we did manage to unearth one interesting play coming off of 4th of July break, which was the sole focus of yesterday morning’s premarket report.
Apart from the big news of a $1B refinancing plan (>>View PR), ANW was exhibiting the telltale signs of an oversold stock ready to rebound, and sure enough, it moved to partially fill the large gap on the chart to the upside. The stock traded from a low of 1.22 and subsequently hit a high of 2.05, which represents an intraday upswing of 68%
The stock fell just a penny shy of its 50DMA yesterday, and with a significant portion of its gap still left to fill, we’ll want to continue to track its movements for the time being.
Tesla, Inc. TSLA
We’ve had our eye on TSLA for the past few sessions as the stock was spiraling downward. At this point in time, we feel it too may in line for a forthcoming recovery swing, and w want to have an options idea handy for such an event.
We’re going to signal our interest in following the TSLA 08/02 $300-315 Calls in the days and weeks ahead.
Galectin Therapeutics, Inc. GALT
We caught GALT for chances at some really nice gains last month as we tagged the stock on June 12th at a low of 5.83. It went on to register a high of 9.49 (+63%) in the days following that report,. After a period of consolidation of leading into this week, the stock has begun to show signs of perhaps its next leg up.
We’ve pointed out why we’re attracted to the current setup of the chart on the snapshot below:
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