Although PWE has been in the Long-Term Trades category for a while now, I am adding it as a new long setup with an entry to triggered on a break above the bullish falling wedge pattern on this daily chart. The double-digit yield makes PWE an attractive longer-term trade but be aware that there are some cross-currents on this company from a fundamental perspective such as a recent plunge in EPS & the possibility of dividend cut (negative) countered by rumors of the possibility of a Chinese acquisition (positive). As always, stocks with a dividend yield far above the market average are yielding so much for a reason. Therefore, DYODD and make sure to keep your position size commensurate with your risk tolerance and trading/investing objectives if you decide to take this one.
Despite prices trading below the previous suggested stop on the recent Long-Term Trade, I have left PWE active due to the high-yield and still bullish longer-term (weekly) chart, as shown here. Note that the targets for the Long-Term Trade idea, which is based off the weekly time frame chart differ from the targets for this new Long Setup, which is based off the daily chart. Long-term Trade Ideas are intended for investors and longer-term traders with expected holding periods measured in months or even years while the other trade categories (Long & Short Trades) are typically geared towards swing traders with expected holding periods measured in weeks or months.