Gains of 100-200% in one day do not fit the description of UWRL. This is a stock that deliberately trades in one direction or the other, plodding along to close a few ticks higher or lower. Today the stock broke through its 50 and 200 day moving averages with conviction. It won't be looking back at those price points for quite some time. This once slow moving stock could see its gains accelerate in the days and weeks to come.
UWRL is on the cusp of a major breakout as share supply fails to meet demand. How do I know that? Anyone watching URWL level II today would have noticed many market makers not just moving up on the ask, but moving up 10,000% on the ask. CSTI, a market maker who has been serving up shares on the ask for several weeks is now at $.25 a share. Shorting a stock that keeps uncooperatively moving higher must get frustrating at some point. CSTI seems to have given up in that regard.
AUTO, another market maker on the ask consistently, has moved to $2.00 a share. VFIN, VERT, and even HDSN are well of the current ask, meaning they have very little shares to sell, and what little shares they do have to sell, they are being priced well off the current market price.
The chart shows a stock that is trending higher on lighter volume. There is clearly less shares in circulation than when the initial run began over a month ago. Investors are holding onto their shares, and I can't blame them. This stock has all the makings of a memorable one. A stock many will be compared to down the road.
With the market makers currently painting a rosy picture for share appreciation, and a company focused on keeping shareholders informed, UWRL should be able to build on recent gains and break a key resistance point of $.003 this week.
If recent trading is any indication it will take very little volume to get this stock to $.003 and beyond. UWRL is my favorite stock in this market right now.
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