Wells Fargo (WFC) Offering Possible 31.23% Return Over the Next 14 Calendar Days

Wells Fargo's most recent trend suggests a bullish bias. One trading opportunity on Wells Fargo is a Bull Put Spread using a strike $46.00 short put and a strike $41.00 long put offers a potential 31.23% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $46.00 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $3.81 would be incurred if the stock dropped below the $41.00 long put strike price.

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

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

The RSI indicator is at 54.63 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

Influencers with Andy Serwer: Suzanne Shank
Thu, 30 Sep 2021 10:00:00 +0000
In this episode of Influencers, Andy is joined by Suzanne Shank, President and CEO of Siebert Williams Shank & Co., as they discuss changes in the muni bond market, issues of diversity in American boardrooms, and why she says the bipartisan infrastructure package will be ‘invaluable' to the USA.

Wells Fargo delays return-to-office plans until early 2022
Wed, 29 Sep 2021 18:58:01 +0000
Wells Fargo & Co. has again pushed back its return-to-office date — this time, to Jan. 10, 2022, according to a memo viewed by CBJ.

Wells Fargo & Co. again delays return-to-office plan, sets January date
Wed, 29 Sep 2021 17:40:18 +0000
The San Francisco-based financial services giant, with major operations in St. Louis, has again delayed the start of its return-to-office plan, this time pushing the date into 2022.

Infrastructure package is ‘invaluable to our country': Suzanne Shank
Wed, 29 Sep 2021 13:12:39 +0000
Suzanne Shank, President and CEO of Siebert Williams Shank & Co., joins ‘Influencers with Andy Serwer' to discuss the bipartisan infrastructure bill.

Wells Fargo Again Delays Staff's Return to Office, This Time Till January
Wed, 29 Sep 2021 13:06:00 +0000
Wells Fargo again delayed its employees' return to the office. The new target is January, extended from Nov. 1.

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