Wells Fargo's most recent trend suggests a bearish bias. One trading opportunity on Wells Fargo is a Bear Call Spread using a strike $51.50 short call and a strike $56.50 long call offers a potential 5.71% 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 $51.50 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock rose above the $56.50 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 31.87 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
Wells Fargo Reports Another Modest Quarter
Mon, 14 Jul 2014 05:44:07 GMT
Why you shouldn't bet against the banks this week
Mon, 14 Jul 2014 03:03:29 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/Z_fAhvyPnojnYZnrV_iMDw–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@9f4f68a3-e2a7-3bbd-b55b-bdfeef0cee6b_FULL.jpg
Treasury Auctions and Bond Issues Set for the Week of July 14
Mon, 14 Jul 2014 02:28:41 GMT
[$$] Wells Fargo Results Show Lending Fears
Sun, 13 Jul 2014 21:38:43 GMT
Wells Fargo – Solid Results, But What About The Risk-Return Appeal?
Sun, 13 Jul 2014 15:11:14 GMT
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