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. (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. (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.
Our newsletter has delivered gains in excess of 109% in 2015. We have a few exclusive spots left for our free newsletter subscription.
STOCKS TO BUY: Breaking NASDAQ & NYSE Stocks Below $10 With Upside Potential.
AK Steel Holding Corporation (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.