PWE remains one of the better looking long-term trade/investment candidates when viewed on the weekly time frame. Prices remain within the bullish falling wedge but have been finding support around the 10.00 area. With a current dividend yield of 10.40%, even if the stock continues to base around the 10.00 support level for a while, it pays to give this pattern some time to play out (assuming that the dividend is not reduced and prices don’t exceed your own personal stop parameters). PWE did slight below the last suggest stop parameter but as the pattern still looks very constructive on the weekly charts, PWE will remain in the Long-Term Trades category for now. Updated weekly chart.
