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 21.07% return on risk over the next 39 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 $0.87 would be kept by the premium seller. The risk of $4.13 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 30.3 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Wells Fargo
Citigroup's Stress Test, Legal Bills To Weigh On Q4
Wed, 14 Jan 2015 01:14:00 GMT
US STOCKS-Wall St ends down in volatile day; materials a drag
Tue, 13 Jan 2015 23:05:48 GMT
Reuters – UK Focus – U.S. stocks ended down slightly in a volatile session on Tuesday, led by a drop in materials and energy shares following further weakness in commodity prices. The S&P 500 slipped under its 50-day moving …
US STOCKS-Wall St ends down in volatile day; materials a drag
Tue, 13 Jan 2015 23:05:48 GMT
Reuters – U.S. stocks ended down slightly in a volatile session on Tuesday, led by a drop in materials and energy shares following further weakness in commodity prices. The S&P 500 slipped under its 50-day moving …
US STOCKS-Wall St ends down in volatile session; materials a drag
Tue, 13 Jan 2015 21:45:06 GMT
Reuters – UK Focus – U.S. stocks ended down slightly in a volatile session on Tuesday, led by a drop in materials and energy shares following further weakness in commodity prices. The S&P 500 slipped under its 50-day moving …
US STOCKS-Wall St ends down in volatile session; materials a drag
Tue, 13 Jan 2015 21:45:06 GMT
Reuters – U.S. stocks ended down slightly in a volatile session on Tuesday, led by a drop in materials and energy shares following further weakness in commodity prices. The S&P 500 slipped under its 50-day moving …
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