Wells Fargo (WFC) Offering Possible 10.38% Return Over the Next 37 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 $52.50 short call and a strike $57.50 long call offers a potential 10.38% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.50 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock rose above the $57.50 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 22.57 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Wells Fargo

S&P 500 under 2000 for first time since Dec. 16
Fri, 16 Jan 2015 01:16:34 GMT

ON THE MOVE-Stifel unit hires advisers from Wells Fargo Advisors
Thu, 15 Jan 2015 23:00:32 GMT
Reuters – Stifel Financial Corp has hired two financial advisers for its broker-dealer subsidiary from Wells Fargo Advisors. Timothy Metcalf and Robert Pinto operated as the Metcalf Wealth Management Group at Wells …

Wells Fargo May Be Best Stock Pick to Gain Exposure to Financials
Thu, 15 Jan 2015 22:09:00 GMT

MOVES- Morgan Stanley, Butler Capital, Wells Fargo
Thu, 15 Jan 2015 21:47:21 GMT
Reuters – UK Focus – The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email moves@thomsonreuters.com. MORGAN STANLEY The Wall Street bank said it has promoted …

Peek at Wells Fargo economist's predictions for the nation
Thu, 15 Jan 2015 21:35:12 GMT

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