Wells Fargo (WFC) Offering Possible 5.93% Return Over the Next 17 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 $53.00 short put and a strike $48.00 long put offers a potential 5.93% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $53.00 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $48.00 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 above 80 which suggests that the stock is in overbought 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

Final Glance: Banks companies
Wed, 05 Nov 2014 23:04:33 GMT

Final Glance: Banks companies
Wed, 05 Nov 2014 23:04:33 GMT

[$$] Wells Fargo Lowers Top End of Legal-Exposure Measurement to $950 Million
Wed, 05 Nov 2014 22:08:36 GMT

Wells Fargo in settlement talks over accusations it cheated taxpayers
Wed, 05 Nov 2014 21:19:57 GMT

Wells Fargo says in settlement talks in U.S. mortgage insurance case
Wed, 05 Nov 2014 20:58:56 GMT

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