Wells Fargo (WFC) Offering Possible 7.07% Return Over the Next 8 Calendar Days

Wells Fargo's most recent trend suggests a bearish bias. One trading opportunity on Wells Fargo is a Bear Call Spread using a strike $53.50 short call and a strike $58.50 long call offers a potential 7.07% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $53.50 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock rose above the $58.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Wells Fargo is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Wells Fargo is bearish.

The RSI indicator is at 34.89 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Wells Fargo

This is the most important thing to watch this week
Sun, 11 Jan 2015 14:18:13 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/C.nh7mhYw7aide3o9wgabQ–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@4c801332-c0df-34ff-8d49-9ee3a1eaf2ab_FULL.jpg

Retirement: So many of us in for financial jolt
Sat, 10 Jan 2015 19:38:59 GMT
USA TODAY – The state of Americans' retirement savings? Unsettling, to say the least.

The Bullish and Bearish Case for J.P. Morgan and Big Banks in 2015
Fri, 09 Jan 2015 14:50:06 GMT

Wells Fargo Insurance Named Best Insurance Broker in North America
Thu, 08 Jan 2015 13:30:00 GMT
Business Wire – For the second consecutive year, Wells Fargo Insurance, part of Wells Fargo & Company , was named Best Insurance Broker in North America as part of Global Finance magazine’s 2015 Best Global Insurers awards program.

[$$] Pivotal Insider Ruling Is Put to Test
Thu, 08 Jan 2015 05:27:46 GMT
The Wall Street Journal – A gesture of friendship is at the heart of a courtroom battle, the latest in a string of legal challenges stemming from a crucial appeals-court ruling in December that raises the bar for prosecutors and …

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