NEW YORK, NY / ACCESSWIRE / December 7, 2015 / AwesomeStocks.com is an exclusively NASDAQ & NYSE stock alert service focused on day and swing trading. Today we'd like to take a look at four companies which have attracted a lot of investor attention recently. In our opinion, all four could provide investors with increased upside and downside opportunities.
Penn West Petroleum Ltd. (NYSE: PWE) is once again on the opportunity-table after regaining its balance. Back in September the company received a NYSE's continued listing standard notification - the stock had fallen below $1. Last Friday the oil and gas company closed down 5.29% to finish the day at $0.9660. PWE is down another 12% in early morning trading. Investors are surely asking "where's the opportunity now?" A close inspection shows precisely where they should look. PWE is trading just below its 50 DMA of $1.07, however the chart is not anywhere near its support in the 40 cent range, or even 50% of the last high of 1.42 which would be a tenative support in the 70 cent range. Before we see a bounce opportunity, expect consolidation. Our newsletter subscribers can rest assured that we'll issue an update as soon as PWE's gain potential comes into play.
DragonWave Inc. (NASDAQ: DRWI) is spitting copious amounts of fiery gain potential at the moment and the stock appears to be in a short-term uptrend. After closing up 52% on Friday investors will be keeping a keen eye on the company that provides high-capacity packet microwave solutions that is driving drive next-generation IP networks across the globe. Currently there is much anticipated profit taking of 6% after that remarkable Friday rally. Market valuation has eased past the 50 DMA of $0.14 and there seems to be a newly established resistance that would need a new catalyst and momentum to surpass, in our opinion. We are monitoring developments surrounding DRWI and will update our newsletter readers when opportunities for gains arise.
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AK Steel Holding Corporation (NYSE: AKS) has been hit with a B3 corporate family rating (CFR) and B3-PD probability of default rating. In simple investing terms, the outlook as of the October 8, 2015 ratings issue was negative. But how does AKS look now? Well, a lot can happen in two months and AKS looks poised to deliver upside potential to investors who know how to dig out a solid opportunity. On Friday the stock closed up 1.34% to finish the day at $2.27. This closing price was 14% below the company's 50 DMA of 2.61. This morning AKS is down 5%, testing its most recently established support. RSI is 37 which suggests strong bounce potential up to higher levels, after confirming and consolidating present support. We'll monitor AKS and update our readers as soon as we see any potential for gains.
EXCO Resources Inc. (NYSE: XCO) has seen its share price decline nearly 50% since the start of the year but despite the turbulence, the company remains a key party of some of the top hedge funds on Wall Street. Billionaire Wilbur Ross who heads up Invesco Private Capital still has a stake of 51.1 million shares as at September 30. XCO also has strong insider buying which suggests that many believe that the company is a bargain at current levels and has strong upside potential. A quick glance at the short term technicals shows why. XCO is trading below its 50 DMA of $1.10 and has a RSI of 47. As with all the companies featured here, XCO will continue to be monitored. If any gain opportunity arises, we'll issue updates to our newsletter readers accordingly.
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AwesomeStocks.com is an exclusively NASDAQ & NYSE stock alert service focused on day and swing trading. Receive free trade alerts via email or text message (SMS) on your phone. Using your phone text message STOCKS to the number 555888. For more information visit AwesomeStocks.com.
Disclosure: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. AwesomeStocks.com has not been compensated nor expects to receive any compensation for distribution of our opinions and publicly available information for PWE, DRWI, AKS nor XCO as of 12/07/2015. Owners and operators of AwesomeStocks.com do not hold any financial positions in mentioned companies. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Please visit www.AwesomeStocks.com website, for complete risks and disclosures.
*Gains are calculated by staff and are not guaranteed to be accurate nor a reliable representation. Actual gains may vary. Past gains are not representative of future gains.
SOURCE: AwesomeStocks.com
