The PWE active long trade is up about 10% from entry (breakout above the daily falling wedge pattern) and although this trade still looks very promising from a longer-term perspective, PWE has run into a minor resistance level where a pullback or consolidation is likely, especially in light of the near-term overbought conditions on the stock. Longer-term traders and investors might just consider ratcheting their stops up to protect profits while shorter-term, more active traders might consider booking partial or even full profits, depending on their trading plan. Updated daily chart shown.
