Tag: SHIP

Blue Horseshoe Stocks: Shipping Watchlist & More

Shipping Sector Watchlist

Earlier this fall, we found an incredible amount of success within the shipping sector, as an industry-wide wave of bullish activity carried many related stocks to record moves.

That rush tuckered out a few weeks back, but we want to circle back around this morning to cast a light on several of these stocks that we think could be gearing up for a recovery. Each of the following had been in a drastic downturn leading into yesterday’s session, and each of them began to show some major signs of life in coming off their bottoms.

We’ll want to keep all of them in mind in coming sessions, and watch for signs that a more sustained uptrend could take effect.

Dry Ships, Inc. DRYS

Sino-Global Shipping America, Ltd. SINO

Diana Containerships, Inc. DCIX

Diana Shipping, Inc. DSX

Seanergy Maritime Holdings Corp. SHIP

Euroseas Ltd. ESEA

Global Ship Lease, Inc. GSL

Catalyst Biosciences, Inc. CBIO

We stipulated yesterday that if CBIO held above .80 on any early pullbacks, that we’d be interested in tracking its activity through the session, and it did just that.

The intraday machinations of the stock actually provided two separate opportunties for swing trades. First, the initial run out of the gate that took it from 1.12-1.42 (+27%) and a subsequent dip-and-rip pattern from .855 back to 1.12 later on in the day (+31%).

With volatility sufficient to provide over 50% in cumulative gains on the day, and the fact that it maintained support above our designated level, we’ll keep CBIO on our radar for the time being.

Eli Lilly and Co. LLY

On strong 2017 guidance released this week, LLY beat Wall Street’s forecast outlook estimates for the first time in 3 years. As a result, the stock started to climb, and has begun to fill a large gap on the chart to the upside.

What we want to do here is highlight both a short term and extended term options trading idea to correspond with the present situation. For swing trades this week, we’ll look at the LLY Weekly $72 and $72.50 Calls, and to take advantage of the possibility of an extended uptrend, the LLY 01/20 $75 Calls.

Extended Watchlist:
LSCG, TRUU, ERFB, TTCM, AIRW, NDEV, AXPW

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

CNDO, FREE, WPCS & Extended Watchlist

Coronado Biosciences, Inc. CNDO

When we last visited CNDO, we made mention of the large gap on the chart that we were looking to see filled. At the time (Dec.12th), we observed prices as low as 1.75. Now two weeks later, we have seen some real strides toward the filling of that gap, with yesterday’s high of 3.09 marking a gain of 77%

The stock has been making higher lows for the past four sessions, and we’ve mentioned that a break of the 50DMA could lead to further gains. Now that it has happened, we are going to be extra vigilant over this play.

We took the liberty of drawing up a video chart on CNDO for your convenience:

As far as options trading is concerned, we are currently eyeballing the 01/18/14 2.50 Calls, which closed at .72 yesterday. A return of the stock to previous levels in the $4-5 range would likely yield multi-bag gains on those contracts.

FreeSeas, Inc. FREE

FREE has been a big winner for us in the recent past. Following our last alert, the stock was trading as low as 1.12. We had previously ridden FREE for gains of more than 400% and after watching it consolidate heavily, we mentioned that chart indicators were signaling the beginning of what we assumed would be another significant run.

Once again, our assumptions proved to be highly accurate. The stock has found its way off its bottom, yesterday reaching as high as 2.40. That marks an opportunity for gains on the order of 114% in just a couple of weeks.

WPCS International, Inc. WPCS

On December 23rd, WPCS appeared in our extended watchlist. It didn’t take long to see a positive move out of this stock; yesterday as it traded from a low of 1.46 to 1.619, it afforded traders the chance at a modest 11% gain.

We really want to keep an eye out for further movement on WPCS, as the stock is gapping up heavily this morning, to the tune of roughly 80% This comes on the heels of yesterday’s news that the company has developed a Bitcoin trading platform to capitalize on the recent digital currency fad.

EXTON, PA, Dec 26, 2013 (Marketwired via COMTEX) — WPCS International Incorporated (NASDAQ: WPCS), (“WPCS” or the “Company”), today announced that its wholly-owned subsidiary, BTX Trader, LLC (“BTX Trader” or “BTX”) has released a beta version of its Windows-based trading platform that is now available to the public at www.btxtrader.com. BTX Trader, which was recently acquired by WPCS, is the first trading platform to enable Bitcoin traders and industry researchers to access market data and execute orders on the five most popular Bitcoin exchanges in a single application.

Extended Watchlist:
PROW, DRYS, GNK, NEWL, EGLE, RSOL, SHIP