Wells Fargo (WFC) Offering Possible 17.92% Return Over the Next 24 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 $45.50 short call and a strike $50.50 long call offers a potential 17.92% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $45.50 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock rose above the $50.50 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 below 20 which suggests that the stock is in oversold territory.

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

[$$] Parsing the Great Wells Fargo Bank Robbery
Tue, 27 Sep 2016 05:13:00 GMT

Wells Fargo hit with class action lawsuit over sales practices
Tue, 27 Sep 2016 02:22:00 GMT
Reuters – A shareholder class action lawsuit was filed against Wells Fargo & Co on Monday that alleged the firm misled investors about its financial performance and the success of its sales practices. Robbins Geller Rudman & Dowd LLP announced the lawsuit and is seeking class action status on behalf of buyers of the company's shares between Feb. 26, 2014 and Sept. 15, 2016. The lawsuit, which was filed in the U.S. District Court of Northern California, comes nearly a week after Wells Fargo chief executive John Stumpf faced U.S. Senate lawmakers about his oversight at the bank.

Wells Fargo Faces ‘Top-to-Bottom’ Review, Labor Department Says
Tue, 27 Sep 2016 00:19:03 GMT

Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Wells Fargo & Company
Tue, 27 Sep 2016 00:09:00 GMT
PR Newswire – SAN DIEGO, Sept. 26, 2016 /PRNewswire/ — Robbins Geller Rudman & Dowd LLP (“Robbins Geller”) (http://www.rgrdlaw.com/cases/wellsfargo/) today announced that a class action has been commenced on behalf of purchasers of Wells Fargo & Company (“Wells Fargo”) (WFC) common stock during the period between February 26, 2014 and September 15, 2016 (the “Class Period”). This action was filed in the Northern District of California and is captioned Hefler v. Wells Fargo & Company, et al., No. 16-cv-05479. If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Shawn A. Williams of Robbins Geller at 800/449-4900 or 415/288-4545, or via e-mail at shawnw@rgrdlaw.com. If you are a member of this class, you can view a copy of the complaint as filed at http://www.rgrdlaw.com/cases/wellsfargo/. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Wells Fargo Sued by Shareholders Over Cross-Selling Scandal
Mon, 26 Sep 2016 23:48:08 GMT

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