Drones and Virtual Reality - A Spec Play

Shares of ARTX look interesting as a speculative play for longer-term investors. The company is in the fields of drones and virtual reality, with recent contract wins with the US military.

At 3 dollars and change, it's a cheap way to play on the long-term growth in those areas, which are bound to see strong growth for some time.

Immediate support lies at $3.35, with additional support below at $3.10 and then $2.70. Upside targets are $3.75 and then the highs at $4.35, or +10% and +28%, respectively from today's close.

I jumped in via calls, specifically the February 2019 $2.50's (currently I.T.M.), paying $1.15 for them. Breakeven comes at $3.65, or 7.4% higher from here... and being so far out, there's plenty of time for this to work.

It may grow in to an investment after I can dig in deeper to fundamentals. I'll update this as more info is known to me. For now, consider it for a spec play or at least keep it on the radar!

Happy trading!