Friday, July 9, 2010

UWRL - It Is Time To Resume The Ascent


After posting a 5 day 300% gain, UWRL retraced exactly 50% over two days. It was a healthy pull-back, one that the bulls greeted with a late day rally to close even. This late day momentum should follow through to Monday.

While this morning's sell-off likely prompted some to sell out of their positions, others used the opportunity to bolster their holdings in anticipation of future gains. With the third merger set to be finalized in the near future this stocks better days lie ahead.

I think UWRL will see $.006 and better in the days ahead, meaning this stock has some significant upside potential.

1 comment:

Unknown said...

Wow it's wonderful to know that UWRL retraced 50% over two days.I am also interested to know more information of UWRL. It would be better to provide day to day improvement of UWRL.

Mytych
http://finance.yahoo.com/q?s=etnl.ob