Wells Fargo (WFC) Offering Possible 7.3% Return Over the Next 27 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 $50.00 short call and a strike $55.00 long call offers a potential 7.3% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock rose above the $55.00 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

Wells Fargo (WFC) Gains As Market Dips: What You Should Know
Thu, 20 Dec 2018 22:50:10 +0000
In the latest trading session, Wells Fargo (WFC) closed at $46.04, marking a +0.81% move from the previous day.

Wells Fargo moves jobs abroad after U.S. layoffs, government says
Thu, 20 Dec 2018 22:14:28 +0000
The department determined American employees who have been laid off in Wells Fargo’s customer account management unit after Sept. 28 will be eligible for government aid under the Trade Adjustment Assistance (TAA) program. The program provides weekly income and training to help workers displaced by global trade find new jobs. The bank “has shifted to a foreign country the supply of a service like or directly competitive with the service supplied by the workers,” the TAA determination said.

4 Reasons to Sell Facebook Stock Near the Lows
Thu, 20 Dec 2018 17:10:10 +0000
Guidance for that spend led Facebook stock to the largest one-day loss in stock market history back in August. Despite the attractive numbers, however, there are reasons to sell Facebook stock. Facebook continues to run into problems and Mark Zuckerberg & Co. continue to manage those problems poorly.

New York City Establishes Affordable Housing Fund with $2 Million Grant from Wells Fargo Foundation
Thu, 20 Dec 2018 17:00:00 +0000
The New York City Department of Housing Preservation and Development (HPD) and New York City Housing Development Corporation (HDC) announced today the City’s Neighborhood Pillars Program with a $2 million commitment from the Wells Fargo Foundation. As part of Housing New York 2.0, the mayor’s plan to finance 300,000 affordable homes by 2026, the Neighborhood Pillars Program will help finance acquisition and rehabilitation of existing rent-stabilized and unregulated buildings to preserve affordability in neighborhoods across the city.

Wells Fargo Gets Judge's Nod for $480M Sales Scam Settlement
Thu, 20 Dec 2018 15:10:03 +0000
Wells Fargo (WFC) will finally be able to improve its reputation post the settlement of the fake accounts scandal via tapping on growth opportunities.

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