Wells Fargo (WFC) Offering Possible 7.53% Return Over the Next 10 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 $48.00 short put and a strike $43.00 long put offers a potential 7.53% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $48.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $43.00 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

Brokerage founder avoids jail in muni bond bid-rigging case
Wed, 12 Mar 2014 22:22:05 GMT
Reuters – The head of a California financial products brokerage who pleaded guilty to overseeing a vast enterprise of bid-rigging for investment contracts for municipal bond proceeds avoided prison Wednesday after cooperating with authorities. David Rubin, founder of CDR Financial Products Inc, pleaded guilty in December 2011 to wire fraud and conspiracy charges stemming from the scheme involving more than 200 investment contracts. U.S. District Judge Kimba Wood in Manhattan sentenced Rubin and also ordered him to pay up to $5.65 million. The judge chose not to order a prison term, citing Rubin's cooperation and his need to care for his wife while she undergoes chemotherapy.

Final Glance: Banks companies
Wed, 12 Mar 2014 22:02:32 GMT

Final Glance: Banks companies
Wed, 12 Mar 2014 22:02:32 GMT

Citigroup CEO's 2013 compensation: $17.6 million
Wed, 12 Mar 2014 22:02:18 GMT

Wall Street cash bonuses highest since 2008 crash – report
Wed, 12 Mar 2014 19:03:25 GMT

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